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Gurney Road, New Costessey, Norwich NR5

East of England

£200,000
Listed on 25/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow

Description

This three-bedroom chalet bungalow presents a significant renovation opportunity in the desirable New Costessey area. The property is in need of comprehensive refurbishment, making it an ideal project for investors or those looking to create a custom family home. It boasts generous living spaces with a welcoming hallway that connects to a bright front-facing sitting room, which features a bay window, and an adjoining dining room perfect for entertaining. Two well-sized double bedrooms are located on the ground floor, including a principal bedroom with additional bay window charm. The upper level offers another spacious bedroom and potential loft conversion possibilities, pending planning permission. The kitchen/dining area at the rear provides scenic views and has access to a lean-to conservatory, while the existing bathroom and separate WC require updating. Outside, there is a lawned garden and practical storage beneath the kitchen area. Notably, approved planning permissions for three additional dwellings on the adjacent plot enhance the investment appeal of this property, further increasing its potential value in future developments. The layout adjustments will introduce new driveway access along with improvements to outdoor space, making this residence not only a restoration project but also an exciting development prospect.

Investment Analysis

(NR5 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£420
Avg Yield
7.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -9.2%
5 year growth: +3.4%
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

Gurney Road, New Costessey, Norwich NR5
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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
£714
Based on a loan of £150,000 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.

Stamp Duty Calculator

Price History

-11.1% since listed
£200,000£25,000(-11.1%)
10/04/2026
Current price
£225,000Initial listing
26/03/2026

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