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Gunton Lane, New Costessey NR5

East of England

£210,000
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
977 sqft

Description

This two-bedroom semi-detached bungalow presents a noteworthy chance for renovation enthusiasts and investors alike. With a generous footprint exceeding 950 sq ft, the home features an entrance hallway, two sizeable bedrooms, a substantial dining room, a bathroom, and an expansive kitchen/diner measuring 18'11", all with views of the rear garden. While the property requires comprehensive modernization, it offers ample potential for reconfiguration and enhancement to increase its market value and tailor it to personal preferences. Externally, the bungalow boasts a front garden enclosed by a low brick wall and double metal gates, providing good street presence. The gravelled area is complemented by a side driveway suitable for off-road parking. A covered side section allows for additional storage or parking options. The rear garden is fully fenced, providing a blank canvas primed for landscaping improvements or simply enjoying as is, along with the convenience of a garden shed. Situated in New Costessey, this property benefits from proximity to multiple local amenities and nearby green spaces such as Gunton Lane Recreational Park and Red Bridge Park. These parks offer lovely outdoor areas including playgrounds and scenic river walks along the River Wensum. Practical transport links to Norwich city centre further enhance the appeal of this location.

Investment Analysis

(NR5 area)

Below Market Value

This property is priced -23.9% below area average per sq ft

-23.9%
Potential saving
This Property
£215/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£420
Avg Yield
7.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£303,388
10% above area average per sq ft
Potential ROI
+12.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Gunton Lane, New Costessey 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
£749
Based on a loan of £157,500 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.

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