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Gorse Road, Thorpe St Andrew NR7 - Image 1
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Gorse Road, Thorpe St Andrew NR7

East of England

£250,000
Listed on 13/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
774 sqft

Description

This three-bedroom bungalow presents a compelling opportunity for renovation enthusiasts and investors looking to craft a customized living space. Nestled on a well-sized, private garden plot, the property is set back from the road with an accessible driveway and single garage, ensuring ample off-street parking. Upon entering, you’ll find a spacious sitting room that invites natural light, alongside a functional kitchen and a bathroom with an adjoining utility cupboard. The layout includes three bedrooms, two of which are enhanced by attractive bay windows; one currently serves as a dining area, showcasing the flexible nature of the space which could easily be reimagined to meet modern living needs. While the interior requires significant updates—including rewiring and central heating installation—the generous footprint allows for creative renovations to bring this home in line with contemporary tastes. The expansive gardens provide not only privacy but also abundant outdoor space for potential landscaping or recreational use. Located in Thorpe St Andrew, this property benefits from its proximity to local amenities and scenic surroundings. Just two miles from Norwich city center, residents enjoy easy access to the peaceful waterways along the River Yare. The nearby River Green hosts popular cafés and traditional pubs, while essential services like Sainsbury’s and various eateries are within walking distance. Families will appreciate the excellent selection of schools in the area, including Thorpe St Andrew High School and several primary institutions. Additionally, outdoor enthusiasts can explore the Thorpe Marshes nature reserve managed by Norfolk Wildlife Trust, bringing natural beauty right to your doorstep. With its advantageous location and significant renovation potential, this bungalow stands as an appealing project for those looking to invest in a property that can be transformed into a personalized home or rental opportunity.

Investment Analysis

(NR7 area)

Above Market Value

This property is priced +3.0% above area average per sq ft

+3.0%
This Property
£323/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£267,084
10% above area average per sq ft
Potential ROI
-14.5%
After renovation
Monthly Sales
34
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +11.0% over the last 12 months
3 year growth: 0.3%
5 year growth: 21.2%
Investment Disclaimer: Analysis based on NR7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Gorse Road, Thorpe St Andrew NR7
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