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Norwich, NR2

East of England

£312,500
Listed on 03/10/2025

Property Details

Bedrooms
5
Type
Semi-detached house

Description

This spacious semi-detached home presents a unique opportunity for renovation and investment. With five bedrooms, the property is currently configured to maximize accommodation, making it ideal for those looking to capitalize on its potential as a multi-tenant residence or a family home. Located in an area with convenient access to various amenities such as parks, shops, and educational institutions, including a university and hospital, this property is positioned well for both rental demand and long-term growth. Its proximity to essential services enhances its appeal to potential tenants or buyers. The interior layout offers flexibility in how the space can be utilized, allowing for customization that could enhance rental yields or create a comfortable living environment. Externally, the property features generous off-road parking and a private enclosed rear garden that not only adds value but also presents opportunities for expansion or landscaping improvements (subject to planning permission). Currently operating as a successful House in Multiple Occupation (HMO), this home is already generating income with an existing tenancy agreement in place from September 2025 through August 2026 at £1,800 per calendar month, excluding bills. This arrangement provides immediate cash flow while you explore options for further enhancements or renovations. An internal viewing is encouraged to fully appreciate the space and potential this property has to offer.

Investment Analysis

(NR2 area)
Area Average
£321/sq ft
Avg Rent (weekly)
£333
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
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
23%
Properties sold annually

Local Market Trend (NR2)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 9.4%
5 year growth: 13.2%
Investment Disclaimer: Analysis based on NR2 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

Norwich, NR2
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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
£1,145
Based on a loan of £234,375 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