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St. Michael-At-Pleas, Norwich

East of England

£120,000
Listed on 17/10/2025

Property Details

Bedrooms
1
Type
Flat

Description

This one-bedroom ground floor flat is situated within a tranquil gated community in the vibrant heart of Norwich City Centre, making it an ideal candidate for renovation or investment. The property comprises an entrance hall that leads to a lounge, kitchen, double bedroom, and bathroom, presenting a straightforward layout with significant potential for modernization and personalization. Residents will appreciate the well-kept communal grounds as well as the added benefit of a private garage—an unusual feature in central locations. While the interior is in need of updates, this presents an excellent opportunity for first-time buyers looking to create their ideal living space or for investors interested in enhancing the value through thoughtful renovations. Norwich itself offers a rich blend of historical charm and modern amenities, including extensive shopping options such as Chantry Place and numerous independent boutiques scattered throughout the Norwich lanes. The city boasts a diverse selection of restaurants and cafés, alongside cultural attractions like the Theatre Royal and several ancient landmarks that define its medieval character. Excellent transport links further enhance the appeal of this location; Norwich train station provides regular services to London Liverpool Street and Cambridge, while Norwich International Airport is just a short drive away. The presence of two universities—University of East Anglia and Norwich University of the Arts—along with reputable schools adds to the desirability for both families and students alike. With its combination of location benefits and ample renovation potential, this property is not only a practical home but also represents an appealing investment opportunity for anyone looking to capitalize on Norwich's dynamic real estate market. Early viewing is recommended to truly grasp its possibilities.

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 - £25,000
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

St. Michael-At-Pleas, 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
£440
Based on a loan of £90,000 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