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Churchill Road, Norwich

East of England

£140,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terrace property offers a classic Victorian aesthetic and presents a compelling opportunity for those looking to invest in a renovation project. With three bedrooms, including two spacious doubles and a single, this home is ideally suited for investors or first-time buyers who wish to enhance its value through modernization. Located in the sought-after NR3 postcode, the property is within walking distance of Norwich city centre, offering convenient access to a variety of local shops, schools, parks, and public transportation options. The vibrant surroundings contribute to the area’s strong rental demand, making this an attractive option for property investors seeking good yields and potential capital appreciation. The layout features an entrance that leads into a generous open-plan lounge that flows into a dining area, followed by a kitchen at the rear. The ground floor also includes a bathroom. Upstairs, the three bedrooms provide ample space for personalization and improvement. The rear garden is currently overgrown but serves as a blank canvas where creative landscaping could yield an appealing outdoor retreat. While the property requires significant updating throughout, it holds immense potential for those willing to put in the effort. This home represents not just a place to live but an investment opportunity ready for transformation. With comparable properties in the area experiencing substantial increases in value post-renovation, this home could become either a profitable rental unit or a comfortable residence tailored to your preferences. Overall, this mid-terrace property combines location advantages with genuine investment potential, making it an intriguing prospect for buyers aiming to make their mark in the housing market. Don't miss out on the chance to bring your vision to life in this well-located home.

Investment Analysis

(NR3 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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

Churchill 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
£513
Based on a loan of £105,000 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