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The Gangway, Cromer

East of England

£375,000

Listed on 07/07/2026

Property details

Bedrooms
4
Type
Terraced
Area
1419 sqft

Description

This mid-terraced property presents a remarkable opportunity for those looking to invest or create a coastal retreat, situated just a short stroll from Cromer’s main beach and the vibrant town centre. With its breathtaking views of the North Sea, the home provides spacious accommodation spread over three floors, featuring a ground floor reception room and kitchen, alongside two bedrooms and a bathroom on the first floor. The top level accommodates three additional bedrooms, all with potential for reimagining spaces to maximize comfort and style. While the property requires complete renovation, the recently installed double-glazed wooden windows and doors form a solid foundation for further enhancements. Outside, there’s a small courtyard with sea views and communal access to the rear of the terrace properties. This property is ideal for buyers ready to undertake an ambitious project in a prime location, offering significant potential for personal touch and value addition.

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Investment analysis

(NR27 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£264/sq ft
Area Average
£319/sq ft
Avg Rent (weekly)
£230
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£498,395
10% above area average per sq ft
Potential ROI
+7.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NR27)

Area prices are falling by -2.4% over the last 12 months
3 year growth: -7.9%
5 year growth: -2.8%
Investment Disclaimer: Analysis based on NR27 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Gangway, Cromer
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,417
Based on a loan of £281,250 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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