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Newmarket Street, Norwich - Image 1
Newmarket Street, Norwich - Image 2
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Newmarket Street, Norwich

East of England

£270,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
804 sqft

Description

This three-bedroom terraced house is situated in the attractive Golden Triangle area of Norwich, known for its strong community vibe and vibrant local culture. The property features notable period characteristics, including two fireplaces that add charm to the sitting and dining rooms. The original fireplace in the sitting room boasts striking brickwork, while a warm wooden mantle frames the dining room's fireplace, both contributing to the home’s unique character. The kitchen connects to a utility area, providing a practical space that could be transformed into a modern open-plan layout with some creative planning. This flexibility allows for further customization to suit personal tastes or lifestyle needs. Additionally, there is potential for extending the property, subject to obtaining the necessary planning permissions. Upstairs, you will find three well-sized bedrooms along with a shower room that accommodates family living or guests comfortably. At the back of the house, the long garden presents ample opportunity for landscaping and outdoor improvements. Located on Newmarket Street, this residence benefits from its proximity to various amenities and green spaces. Eagle Park is within walking distance and provides a pleasant spot for outdoor activities. The neighborhood is home to a range of pubs and eateries such as The Unthank Arms and The George Hotel, adding to the area's appeal. Norwich city center is also close by, offering an array of shopping options, dining experiences, nightlife, and cultural attractions like Chantry Place and the Castle Quarter. For families, there are numerous schools nearby, catering to different educational preferences. This property presents an excellent opportunity for those looking to invest in a characterful home with substantial renovation potential in a desirable location. With original features intact and plenty of scope for modernization or expansion, this home could be transformed into a remarkable living space tailored to your vision.

Investment Analysis

(NR2 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£336/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£333
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£284,290
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NR2)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 9.4%
5 year growth: 13.2%
Investment Disclaimer: Analysis based on NR2 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

Newmarket Street, 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
£989
Based on a loan of £202,500 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