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See how verdicts work2-bedroom detached house · NR8 5DP
Sold STCListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IN SUMMARY NO CHAIN! Tucked away on a substantial 0.46 ACRE PLOT, this DETACHED BUNGALOW offers tons of potential to EXTEND (stp), REMODEL and MODERNISE.
The perfect blank canvas to create your dream home. This generous plot boasts mature WRAPAROUND GARDENS and features a variety of OUTBUIDLINGS including a CAR PORT, GARAGE and STORAGE ROOMS.
Step inside to the ENCLOSED PORCH entry continuing to the 23’ RECEPTION HALL, offering versatility for a range of uses.
To the right, you are welcomed into the spacious 16’ SITTING ROOM, enjoying a generous DUAL ASPECT with a BAY WINDOW and FRENCH DOORS opening directly onto the garden.
Beyond, the fully fitted KITCHEN offers ample storage space and flows to the CONSERVATORY, whilst a further door leads to the refitted three piece SHOWER ROOM.
Doors from the reception hall open to TWO DOUBLE BEDROOMS, both also enjoying DUAL ASPECT windows ensuring the rooms are flooded with natural light.
Adjacent to the second bedroom, stairs ascend to the first floor CONVERTED LOFT space, offering VELUX WINDOWS overhead.
SETTING THE SCENE Set back from the road and approached via a private gated entrance, the property features a shingled driveway that leads across the front and around to the side.
Surrounded by established green space, the main entrance is conveniently positioned to the front of the home.
THE GRAND TOUR Stepping into the enclosed porch, tiled flooring runs underfoot for ease of maintenance and providing ample space for coats and shoes.
A further door leads into the impressive 23’ reception hall, a versatile space with significant potential for remodelling or a variety of uses, with doors leading to all accommodation.
To the right, you are welcomed into the 16’ sitting room.
This bright, dual aspect space is centred around an exposed brick feature fireplace with a wooden mantel and features both a bay window and French doors opening directly onto the garden.
At the end of the reception hall, a lean to conservatory offers additional space for soft furnishings and includes integrated storage along with room for a freestanding ‘American’ style fridge freezer.
This area also leads to the refitted three piece family shower room, finished with floor to ceiling tiling and features a double walk-in shower with a glass splashback.
The fully fitted kitchen provides a range of wall and base units with ample worktop space for food preparation.
It features a traditional service hatch through to the sitting room, space for a freestanding oven, and under counter plumbing for a washing machine.
Also off the reception hall are two recently redecorated double bedrooms, both featuring original wood flooring and a bright dual aspect; the main bedroom further benefits from a characterful bay window.
Adjacent to the second bedroom, a stairway ascends to the first floor, leading to the spacious part converted loft space.
This area is ready to be completed and improved, already benefiting from Velux windows.
FIND US Postcode : NR8 5DP What3Words : ///soil.stared.other VIRTUAL TOUR View our virtual tour for a full 360 degree of the interior of the property.
EPC Rating: E Garden THE GREAT OUTDOORS Stepping outside, the generous plot offers almost half an acre (stms) of mature gardens, with expansive lawns, established plantings, and trees wrapping around the space to create a high degree of privacy.
To the side of the home, a recently built carport is positioned opposite the garage, providing ample covered parking.
At the rear, you will find substantial timber storage sheds alongside further lawns and a generous brick weave patio, ideal for outdoor furniture to enjoy the summer months.
The outdoor space is completed by a summer house situated on the far side of the building, which leads back around to the front.
Disclaimer Anti-Money Laundering (AML) Fee Statement: To comply with HMRC's regulations on Anti-Money Laundering (AML), we are legally required to conduct AML checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF).
The cost of anti-money laundering (AML) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with HMRC regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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

FAQ
About Folgate Lane, Old Costessey, Norwich
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