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New College Close, Gorleston NR31

East of England

£150,000
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

This two-bedroom mid-terrace home presents a compelling investment opportunity or a project for first-time buyers looking to create their ideal space. With a practical open-plan kitchen/diner, the layout is designed to suit contemporary lifestyles while maintaining comfort in its bedroom arrangements located off the central landing. The property is equipped with gas central heating and offers a welcoming environment throughout. Currently featuring a private rear driveway and external storage, it also shows notable potential for renovation and personalization to increase its value. Strategically positioned near various transport links and local amenities, this home merges convenience with significant future enhancement possibilities.

Investment Analysis

(NR31 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR31)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -7.7%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on NR31 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

New College Close, Gorleston NR31
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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
£535
Based on a loan of £112,500 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

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