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Grove Avenue, New Costessey NR5 - Image 1
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Grove Avenue, New Costessey NR5

East of England

£165,000
Listed on 19/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property offers a unique opportunity in the sought-after suburb of New Costessey. The plot comes with full planning permission, allowing for the construction of a spacious three-bedroom detached bungalow. This design ensures an ideal space for families or individuals seeking comfort and modern living. One of the highlights of this plot is its ample parking provisions, providing convenience for residents and guests alike. In addition, the property includes a generous, enclosed private rear garden, offering potential for outdoor activities and landscaping while ensuring privacy. Located in a thriving community, this area benefits from easy access to local amenities, schools, and transport links. With the potential to develop a contemporary home tailored to current market demands, this property represents an attractive investment opportunity for those looking to capitalize on growth in New Costessey.

Investment Analysis

(NR5 area)
Area Average
£280/sq ft
Avg Rent (weekly)
£499
Avg Yield
9.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR5)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -5.7%
5 year growth: 9.3%
Investment Disclaimer: Analysis based on NR5 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

Grove Avenue, New Costessey NR5
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£604
Based on a loan of £123,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE