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Russell Avenue, Spixworth, Norwich NR10 - Image 1
Russell Avenue, Spixworth, Norwich NR10 - Image 2
Russell Avenue, Spixworth, Norwich NR10 - Image 3

Russell Avenue, Spixworth, Norwich NR10

East of England

£400,000
Listed on 21/04/2026

Property Details

Bedrooms
4
Type
Detached Bungalow
Area
1378 sqft

Description

This spacious detached bungalow, significantly extended to nearly double its original footprint, offers a compelling opportunity for those looking to invest in a residence they can truly make their own. Situated at the end of a tranquil cul-de-sac in the desirable village of Spixworth, the property sits on a generous plot that promises potential both inside and out. While the extension has added substantial space, the original structure requires modernization and thoughtful finishing touches to unlock its full potential. Inside, the layout features four well-proportioned double bedrooms, including one with an en-suite shower room, complemented by a family bathroom featuring both a bathtub and separate shower. The impressive vaulted ceiling in the newly extended area creates an open-plan kitchen, dining, and living space that is bright and airy thanks to multiple skylights. Bi-fold doors lead seamlessly to the expansive rear garden, setting the stage for outdoor entertaining or everyday relaxation. Although some enhancements are needed in various areas of the home and garden, including improved landscaping to create your ideal outdoor retreat, this property represents an exciting blank canvas. The existing driveway provides off-road parking along with pathway access to the detached garage. Spixworth itself boasts a strong sense of community with local amenities such as shops, schools, and recreational facilities within easy reach. Its proximity to Norwich and excellent transport links make this location appealing for families and commuters alike.

Investment Analysis

(NR10 area)

Below Market Value

This property is priced -1.9% below area average per sq ft

-1.9%
Potential saving
This Property
£290/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£448,374
10% above area average per sq ft
Potential ROI
-0.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR10)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -11.0%
5 year growth: +4.6%
Investment Disclaimer: Analysis based on NR10 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

Russell Avenue, Spixworth, Norwich NR10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,427
Based on a loan of £300,000 over 30 years at 3.97% 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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