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71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 1
71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 2
71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 3
71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 4
71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 5
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71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 8
71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 9
71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 10
71-73 New Botolph Street, Norwich, Norfolk, NR3 - Image 11

71-73 New Botolph Street, Norwich, Norfolk, NR3

East of England

£550,000
Listed on 04/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This end-of-terrace property presents a unique opportunity for renovation and investment, situated prominently at the junction of St Augustine's Street and Botolph Street. Its strategic location is approximately 0.5 miles north of the city center and in close proximity to the A147 Inner Ring Road, enhancing accessibility for both businesses and future developments. The property is comprised of two separate titles, featuring a remarkable Grade II* Listed brick-built undercroft. The built space includes a generous showroom on the ground floor, measuring approximately 3,175 sq ft, along with additional first-floor storage and showroom areas that total an inviting 2,662 sq ft. The first floor also hosts a kitchen, while there’s additional attic and basement storage that adds functional versatility to the overall layout. With a total of about 6,567 sq ft available for use, the property can be adapted to various business needs or potential residential conversions (subject to planning permissions). Adjacent to Anglia Square Shopping Centre, where plans are underway for 1,100 new homes as part of an extensive regeneration scheme, this location is positioned for significant growth. The surrounding area will likely see increased foot traffic and demand for services as the community develops further. The site boasts a substantial side yard and parking area totaling around 0.1 acres, accommodating roughly 15 vehicles with access via New Botolph Street. This aspect not only enhances convenience but also allows flexibility for potential redevelopment or expansion projects. Offered on a freehold basis with vacant possession available, this property has considerable investment potential for those looking to capitalize on its prime location and existing features while exploring renovation opportunities or alternative uses in line with local development plans.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£120,000 - £250,000
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

71-73 New Botolph Street, Norwich, Norfolk, NR3
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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
£2,015
Based on a loan of £412,500 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