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Lloyd Road, Norwich, Norfolk, NR1 - Image 1
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Lloyd Road, Norwich, Norfolk, NR1

East of England

£225,000
Listed on 28/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom bungalow presents a compelling renovation opportunity in a desirable neighborhood, conveniently located near local shops and public transport links to Norwich City Centre. While the property requires modernization, it offers a solid foundation for both personal customization and investment potential. The layout includes two bedrooms, a lounge area, a kitchen with an adjoining utility room, and a shower room. The sizable rear garden provides ample outdoor space, complemented by a detached garage that adds value and utility. Features such as gas central heating and double glazing contribute to comfortable living conditions while you plan renovations. Currently vacant and available with no onward chain, this property is an ideal candidate for those looking to invest in an area with strong rental demand or for individuals seeking to create their ideal living space. The potential for improvement is significant, allowing new owners to leverage their vision in transforming this home into something special.

Investment Analysis

(NR1 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£260
Avg Yield
6.4%

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
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR1)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -2.0%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on NR1 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

Lloyd Road, Norwich, Norfolk, NR1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£824
Based on a loan of £168,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE