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Waterloo Road, Norwich

East of England

£210,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
635 sqft

Description

This three-bedroom semi-detached house presents a noteworthy investment opportunity in the desirable NR3 area, just a short distance from Norwich city centre. The property's prime location is enhanced by convenient transport options and easy access to a variety of local amenities, making it appealing for both residents and future tenants. The interior layout features a spacious living area and a kitchen equipped with essential fixtures, alongside three bedrooms and a family bathroom. Each room offers potential for modern updates or stylistic enhancements according to personal preferences. Notably, the property includes off-road parking, an asset that is especially valuable in this region. The exterior space comprises an enclosed rear garden with a patio area and a shed, providing outdoor potential for landscaping or relaxation. While the home requires some renovations to realize its full potential, it stands as an excellent choice for investors looking to add value through updates or first-time buyers eager to create their ideal living space in a vibrant neighborhood. Exploring this property firsthand will reveal its considerable promise and suitability for various renovation projects.

Investment Analysis

(NR3 area)

Above Market Value

This property is priced +19.2% above area average per sq ft

+19.2%
This Property
£331/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
£193,834
10% above area average per sq ft
Potential ROI
-20.9%
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

Waterloo 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
£769
Based on a loan of £157,500 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE