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Millcroft, Norwich

East of England

£200,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
818 sqft

Description

This 3-bedroom end-of-terrace house presents a promising investment opportunity nestled in a tranquil yet central part of Norwich. Ideal for cash buyers looking to make their mark, this property features a newly renovated bathroom and ample outdoor space, including a versatile brick workshop that can serve multiple purposes or be transformed into additional living space. The proximity to local amenities and excellent transport links further enhances its appeal, making it suitable for first-time buyers or investors keen on creating value through renovations. Inside, the layout offers practicality with a spacious living room bathed in natural light and direct access to the garden, perfect for outdoor activities. The kitchen is equipped with built-in storage and counter space, while the first floor boasts three bedrooms with built-in cupboards—ideal for families or those seeking extra storage. With opportunities for extensions and personal customization to truly make it your own, this property awaits your creative vision. Its location near schools and parks makes it both a convenient home base and an attractive rental option. The freehold status adds to its appeal as an investment prospect in this well-established residential neighbourhood.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -11.9% below area average per sq ft

-11.9%
Potential saving
This Property
£244/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£249,695
10% above area average per sq ft
Potential ROI
+4.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -1.7%
5 year growth: 16.1%
Investment Disclaimer: Analysis based on NR3 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

Millcroft, Norwich
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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
£733
Based on a loan of £150,000 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