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Rainsborough Rise, Norwich, Norfolk, NR7 - Image 1
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Rainsborough Rise, Norwich, Norfolk, NR7

East of England

£575,000
Listed on 03/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2392 sqft

Description

This spacious five-bedroom detached home offers an excellent opportunity for renovation and investment in a desirable location. Nestled on a private close in the sought-after area of Thorpe St Andrew, the property presents a blank slate that allows potential buyers to infuse their personal style and modernize as desired. Upon entering, you're greeted by a welcoming entrance hall that sets the tone for the generous proportions found throughout. The extensive lounge is designed for relaxation and seamlessly connects to a large dining room with double doors opening onto the garden patio, creating an inviting space ideal for family gatherings or entertaining guests. The kitchen boasts numerous built-in appliances and ample storage, providing a functional hub that can be tailored to suit contemporary tastes. A utility room adds convenience, while an additional office space off the entrance hall makes this home ideally suited for remote work. The accommodation extends upstairs to five well-sized bedrooms, each featuring built-in storage options. The main bedroom overlooks the rear garden and includes both an en-suite bathroom and a walk-in dressing room, offering privacy and comfort. Notably, bedroom two also comes with its own en-suite, enhancing the property's appeal for families or those seeking guest accommodations. A family bathroom services the remaining bedrooms on this floor. The enclosed rear garden is generously sized and ready to be transformed into your personal outdoor retreat; it holds great potential for landscaping enthusiasts or those wanting to create a children's play area. Situated within walking distance of local schools and amenities, this property combines spacious living with convenient access to community resources—making it particularly attractive for families looking for both comfort and practicality. With its renovation potential in such a favorable location, this home represents a promising investment opportunity for discerning buyers who recognize its capacity to evolve into a truly unique residence.

Investment Analysis

(NR7 area)

Below Market Value

This property is priced -23.4% below area average per sq ft

-23.4%
Potential saving
This Property
£240/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£825,934
10% above area average per sq ft
Potential ROI
+26.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +6.6% over the last 12 months
3 year growth: -1.0%
5 year growth: 16.3%
Investment Disclaimer: Analysis based on NR7 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

Rainsborough Rise, Norwich, Norfolk, NR7
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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
£2,106
Based on a loan of £431,250 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