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Knowsley Road, Norwich

East of England

£170,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
840 sqft

Description

This three-bedroom Victorian mid-terrace house is located in the sought-after NR3 area of Norwich, just a short distance from the city center. Characterized by its traditional architecture, the property spans a spacious 25-foot lounge/diner, providing ample room for comfortable living and entertaining. The kitchen, while functional, offers an opportunity for modernization, allowing prospective owners to tailor it to their preferences. A ground floor bathroom adds convenience for daily living. The upstairs layout comprises two generously sized double bedrooms that are easily accessible from the landing, complemented by a third bedroom that can serve versatile purposes—be it a home office, nursery, or dressing room. Gas central heating throughout ensures warmth during colder months. The exterior features a small front garden and a non-bisected enclosed rear garden, which creates a private outdoor space that could be enhanced with landscaping or other personal touches. This property is in need of some updating and presents an excellent opportunity for first-time buyers or investors looking to capitalize on its renovation potential. With no onward chain, you can quickly begin your journey to transform this house into your ideal home or rental investment. Located on Knowsley Road, this home's position offers both tranquility and accessibility. The vibrant NR3 area boasts a variety of local pubs, cafes, and shops—including both mini and larger supermarkets—ensuring all essential amenities are just moments away. Public transport options are readily available via nearby bus stops for easy commutes into the city center. For outdoor enthusiasts, local parks provide green spaces for leisure activities. Families will benefit from proximity to schools catering to all ages as well as easy access to healthcare facilities nearby. This property represents an appealing blend of urban convenience and residential charm—a promising investment in a community-oriented neighborhood.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -27.1% below area average per sq ft

-27.1%
Potential saving
This Property
£202/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£256,410
10% above area average per sq ft
Potential ROI
+25.1%
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

Knowsley Road, 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
£623
Based on a loan of £127,500 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