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Alan Road, Norwich

East of England

£180,000
Listed on 17/10/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced property represents a promising opportunity for investors or renovators looking to create a personal touch in one of Norwich's desirable NR1 locations. Just a short distance from the city center, the home is situated in a quiet cul-de-sac, providing an ideal setting for those who appreciate urban convenience coupled with a sense of tranquility. The ground floor features two spacious reception rooms that offer flexibility for various uses, whether as living areas or potential office space. These rooms lead into a functional galley kitchen equipped with essential amenities and ample natural light from dual side-facing windows. A wet room is also conveniently located on this level, presenting further possibilities for modern updates. Upstairs, the property includes two sizable bedrooms; the master bedroom boasts an en-suite bathroom, which adds both privacy and potential for enhancement. The second bedroom provides an equally comfortable space that could be reimagined according to individual tastes and needs. Outdoor space is represented by a low-maintenance courtyard garden, ideal for those seeking simplicity or wishing to craft an inviting outdoor retreat. Additionally, on-street parking is available via permits, offering practical access in this sought-after area. With easy access to local amenities, schools, and public transport options—including nearby train services—the location enhances the property's appeal for both rental opportunities and personal residing. The proximity to Norwich's vibrant city life offers residents an abundance of dining, shopping, and recreational options while being close to picturesque riverside walks and green spaces. This blend of location advantages makes it an attractive investment prospect for those looking to capitalize on the area's growth potential.

Investment Analysis

(NR1 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£260
Avg Yield
6.4%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
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
13%
Properties sold annually

Local Market Trend (NR1)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -2.0%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on NR1 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

Alan 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
£659
Based on a loan of £135,000 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