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48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 1
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 2
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 3
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 4
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 5
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 6
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 7
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 8
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 9
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 10
48 Bull Close Road, Norwich, Norfolk NR3 1NG - Image 11

48 Bull Close Road, Norwich, Norfolk NR3 1NG

East of England

£100,000
Listed on 12/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
465 sqft

Description

This mid-terrace house, featuring two bedrooms, presents a compelling opportunity for renovation and investment in a prime location close to the city centre. Having been rented out for several years, the property is now available with vacant possession, allowing prospective buyers to explore their own vision for improvement. Spanning approximately 50 square meters, the home includes double glazing and a gas central heating system, contributing to its above-average EPC rating of C. However, the interior is in need of updating, making it an appealing canvas for those looking to enhance its value through renovations or modernizations. The ground floor comprises a sitting room and kitchen, along with a bathroom that provides functional space but could benefit from contemporary upgrades. Upstairs are two well-proportioned bedrooms that can be reimagined into comfortable living spaces. The outdoor area includes a small front garden and a rear garden that is currently overgrown but holds potential for landscaping or gardening enthusiasts. Conveniently situated near the inner link road, this property offers easy access to local amenities and transport links, enhancing its appeal for both owner-occupiers and investors alike. With the right vision and effort, this property could transform into an attractive home or rental opportunity in a sought-after area. This freehold property not only provides a solid foundation but also represents an opportunity to capitalize on growth in the local market.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -22.0% below area average per sq ft

-22.0%
Potential saving
This Property
£215/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£10,000 - £25,000
10-25% of property value
Target Value
£141,021
10% above area average per sq ft
Potential ROI
+12.8%
After renovation
Monthly Sales
39
Average per month
Market Turnover
76%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 1.5%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on NR3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

48 Bull Close Road, Norwich, Norfolk NR3 1NG
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