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Ardney Rise, NORWICH, Norfolk, NR3 - Image 1
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Ardney Rise, NORWICH, Norfolk, NR3

East of England

£270,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1165 sqft

Description

This three-bedroom semi-detached home is situated in the sought-after suburb of Old Catton, conveniently located just a short drive from the bustling city centre of Norwich. The property presents an excellent opportunity for those looking to invest in a space that can be tailored to their personal tastes and preferences. The house features a practical layout with two reception rooms, a kitchen, three well-sized bedrooms, and a family bathroom. While some updating is needed throughout the interior, this offers a blank canvas for potential buyers or investors to create a modern living space that suits contemporary lifestyles. Externally, the property boasts a well-kept south-facing garden that serves as an inviting outdoor retreat for leisure and gatherings. Additionally, the inclusion of a driveway and detached garage provides valuable off-road parking and storage options—an attractive feature for families or those with multiple vehicles. Old Catton itself is an established residential area known for its community spirit and accessibility. With local amenities within reach and excellent transport links to Norwich and beyond, this property is ideally suited not only for families and first-time buyers but also for investors looking to enhance their portfolio with renovation potential in a desirable location.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -16.5% below area average per sq ft

-16.5%
Potential saving
This Property
£232/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£355,616
10% above area average per sq ft
Potential ROI
+18.5%
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

Ardney Rise, NORWICH, Norfolk, NR3
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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
£989
Based on a loan of £202,500 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