Margaret Road, Norwich
East of England
£140,000Guide Price
Listed on 28/10/2026
Listed on 28/10/2026
The listing
Property details
Bedrooms
2Type
Semi Detached BungalowArea
645 sqftFeatures
- Garden
- Parking
Description
Offered at auction, this two-bedroom semi-detached bungalow in Costessey has a lounge, kitchen/diner, inner hallway, cloakroom and family bathroom. The property has been held by the same owners for many years and is described as requiring updating and refurbishment throughout. It may offer scope for an extension, subject to obtaining the necessary planning consent and verifying feasibility.
Outside, the walled front garden includes a driveway for off-road parking. The enclosed rear garden has a lawn, patio, greenhouse and shed. Costessey is west of Norwich city centre, with local shops, schools and leisure facilities, while the Southern Bypass provides access around the city and to major routes. Buyers should review the auction conditions, including the stated contract documentation fee and any additional fees set out in the special conditions.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
58out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £140,000, this Costessey bungalow is attractively priced at £217/sqf, well below the local average, giving a project buyer a relatively low-cost entry point. The trade-off is a substantial interior programme: finishes and flooring are worn in several rooms, with deterioration in the kitchen and staining around the bathroom floor and lower walls. The all-in purchase-and-works economics look tight against local benchmarks, so the cheap entry price does not automatically make the overall project a strong opportunity.
The two-bedroom layout, driveway and enclosed garden provide a useful base to rework, with scope to refresh the interior and improve the established outdoor space. The listing also mentions possible extension potential, subject to planning consent. This is being sold by auction: bidding can take the hammer price above the guide, so the eventual price may not stay this cheap.
Key opportunities
- Rework the two-bedroom bungalow’s interior finishes and layout to create a more contemporary home.
- The driveway and enclosed garden, with patio, lawn, greenhouse and shed, offer practical features to retain while improving the outdoor space.
- Explore the listing’s stated extension potential, subject to obtaining planning consent.
Key risks
- Worn finishes and flooring across several rooms, alongside deterioration in the kitchen and staining around the bathroom floor and lower walls, point to a heavy multi-room programme; plan for a substantial rebuild of the interior rather than a cosmetic refresh.
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Transport
Nearest stations
Norwich Rail Station
3.4 miles
Train · Norwich
Salhouse Rail Station
6.8 miles
Train · Salhouse
Wymondham Rail Station
7.6 miles
Train · Wymondham
Brundall Gardens Rail Station
7.9 miles
Train · Brundall
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£529
Based on a loan of £105,000 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.
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