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Watling Road, Sprowston

East of England

£220,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
892 sqft

Description

This three-bedroom home in Sprowston presents a noteworthy opportunity for buyers interested in investing and adding their personal touch. The property's spacious layout features a bright sitting room that flows into a generous kitchen diner, offering ample storage solutions. The upstairs hosts three well-sized bedrooms, complemented by a separate WC and a two-piece bathroom, adding functional convenience for everyday living. Outside, the property boasts a substantial garden that requires minimal maintenance, perfect for those who enjoy outdoor space without the extensive upkeep. Additionally, there is off-road parking available for multiple vehicles, enhancing the practicality of this home for families or individuals with more than one car. Situated in a friendly neighborhood that fosters a sense of community, this location benefits from proximity to various local amenities. Residents will appreciate being just a couple of miles from Norwich City Centre, allowing easy access to an array of shops, restaurants, and historical attractions such as Norwich Cathedral. The growing appeal of Sprowston lies not only in its suburban charm but also in its strong community vibe and supportive infrastructure. Nearby White House Farm adds to the lifestyle amenities with its farm shop, traditional butcher’s offerings, café, and on-site beauty services, making it convenient for day-to-day needs. Essential shopping is readily available at Lidl and Tesco supermarkets within close reach. For families considering schools, Sprowston is known for its reliable educational options within catchment areas. Green spaces and parks are abundant in the vicinity as well; these provide ideal settings for outdoor activities and relaxation. While the property does require some updating and modernization work, it stands as a blank canvas rich with potential for transformation into a dream home. With its spacious interior layout and desirable location in Sprowston—combined with investment opportunities—this residence merits serious consideration from those looking to make their mark in a sought-after area.

Investment Analysis

(NR7 area)

Below Market Value

This property is priced -21.4% below area average per sq ft

-21.4%
Potential saving
This Property
£247/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£307,999
10% above area average per sq ft
Potential ROI
+23.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +6.6% over the last 12 months
3 year growth: -1.0%
5 year growth: 16.3%
Investment Disclaimer: Analysis based on NR7 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

Watling Road, Sprowston
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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
£806
Based on a loan of £165,000 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