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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 -22.5% below area average per sq ft

-22.5%
Potential saving
This Property
£215/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£141,941
10% above area average per sq ft
Potential ROI
+13.6%
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

48 Bull Close Road, Norwich, Norfolk NR3 1NG
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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
£366
Based on a loan of £75,000 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