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Northcote Road, Norwich - Image 1
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Northcote Road, Norwich

East of England

£175,000
Listed on 03/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom, hall entrance mid-terrace house presents a solid foundation in the desirable NR3 area of Norwich, offering a wonderful canvas for renovation. Its spacious layout is characterized by traditional period features and a flexible floor plan, making it an attractive option for those looking to invest or create their ideal home. On the ground floor, the property includes a welcoming entrance hall that leads into both the lounge and a separate dining room. The kitchen is equipped with basic wall and base units, providing ample opportunity for customization. A bathroom is also situated on this level, ideal for reconfiguration to enhance functionality. The first floor features two generously-sized bedrooms accessible from the landing, along with a third bedroom that is accessed through the second—a layout that reflects the charm of these classic terraces. Externally, the property boasts a low-maintenance front garden as well as an expansive non-bisected rear garden. This outdoor space offers privacy and potential for landscaping or additional features like patios or garden structures. Though this home currently requires modernisation throughout—evident in its electric heating and double-glazed windows—its core structure is sound, making it an appealing project for first-time buyers or investors seeking to add value through updates and improvements. With no onward chain, it simplifies the buying process. Located within walking distance of Norwich city center, residents can enjoy numerous local amenities including schools, shops, pubs, restaurants, and supermarkets. Additionally, nearby transport links provide easy access to the train station and major roadways such as the NDR and Norwich Ring Road. This property not only presents significant renovation potential but also promises future rewards in one of Norwich’s most sought-after neighborhoods. An early viewing is encouraged to fully appreciate what this home has to offer.

Investment Analysis

(NR3 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

Northcote Road, Norwich
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 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