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Woodcock Road, Norwich

East of England

£160,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
850 sqft

Description

This three-bedroom semi-detached home is situated in the desirable NR3 area, offering a prime location just moments away from Norwich city center. The property presents a unique opportunity for those looking to customize their living space or for investors seeking a renovation project with solid potential. Inside, the home comprises three generously sized bedrooms and a family bathroom, along with a spacious floor plan that allows for various reconfiguration options. The large rear garden is a notable feature, providing ample space for landscaping or the possibility of an extension, subject to planning permission (STPP). While the property is in need of comprehensive refurbishment throughout, it serves as an excellent canvas for buyers wishing to create their ideal home or enhance its value through updates and improvements. The appeal of this location is further bolstered by its proximity to local amenities, reputable schools, and convenient transport links, making it an attractive prospect for both homeowners and developers alike.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -32.8% below area average per sq ft

-32.8%
Potential saving
This Property
£188/sq ft
Area Average
£280/sq ft
Avg Rent (weekly)
£235
Avg Yield
5.6%

Renovation Potential

Est. Renovation Cost
£16,000 - £40,000
10-25% of property value
Target Value
£262,034
10% above area average per sq ft
Potential ROI
+31.0%
After renovation
Monthly Sales
28
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NR3)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 1.2%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on NR3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Woodcock Road, Norwich
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