2-bedroom bungalow · NR5 0DP
No longer listedListed 91 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gilson Bailey are delighted to offer this Two-bedroom, Semi-Detached Bungalow situated in the highly sought-after suburb of Costessey .
The Bungalow comprises of a 22-Foot open plan Lounge, kitchen/Diner, Two Bedrooms and a brand-new Fitted Shower room.
Outside, the property benefits from a large driveway providing ample off-road parking and an enclosed rear garden.
The Bungalow also enjoys UPVC double glazing, gas heating and is presented in excellent decorative order throughout.
**recently renovated** Open Plan Lounge/Kitchen/Diner - 6.65m ( 21'10'') x 3.46m ( 11'5''): UPVC window, door to Bedroom Two, Wall and base units, single sink and drainer, range Oven( to be included), washing Machine(to be included), integral Fridge and Freezer, UPVC patio doors Bedroom One - 3.04m ( 10'0'') x 2.65m ( 8'9''): UPVC window, door to Bedroom Two, Wall and base units, single sink and drainer, range Oven( to be included), washing Machine(to be included), integral Fridge and Freezer, UPVC patio doors Bedroom Two/ Study - 2.58m ( 8'6'') x 1.95m ( 6'5''): UPVC window, radiator.
Shower Room : Brand New, Shower suite, llwc, hand wash basin, UPVC window, radiator. Outside : Large shingled front driveway with parking . Enclosed rear garden.
Agents Note: The tenants may still be in residence so these details and photos are only an indication of the property and there could be some requirement for remedial work before the start of a new tenancy.
Agents Note: There may be Furniture/furnishings along with white goods in the property when viewing that are not included in the tenancy . Please contact the office for further details.
Agents Note: Due to high demands, there may be multiple viewings at the same time and cannot guarantee a solo viewing at any one time.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Oval Avenue, Costessey Norwich
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