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Cambridge Street, Norwich, Norfolk, NR2 - Image 1
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Cambridge Street, Norwich, Norfolk, NR2

East of England

£550,000
Listed on 03/10/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1569 sqft

Description

This four-bedroom mid-terraced house presents a unique opportunity for renovation and investment in the desirable Golden Triangle area. Spread across four levels, the property features spacious living areas, including a sitting room with a classic fireplace, a dining room, and a kitchen/breakfast room that leads into a garden room. The lower ground level houses a sizeable cellar with potential for conversion into additional living space—be it a cozy den, extra bedroom, or playroom—contingent upon obtaining the necessary permissions. Upstairs, the first floor hosts three well-proportioned bedrooms, including a principal suite complete with its own fireplace, alongside a family bathroom. The converted loft space serves as the fourth bedroom. The current owners have secured planning permission to enhance the property further by replacing the existing garden room and expanding the kitchen area. These approved plans also include adding a dormer window to improve natural light in the loft and comprehensive upgrades to the basement. The property retains charming period features such as sash windows, cornicing, and picture rails that contribute to its character. Outside, residents will appreciate the south-facing walled garden mostly laid to lawn, ideal for outdoor activities or gardening enthusiasts. Permit parking is available on-street, with an option to acquire an additional parking space nearby. Located in the highly regarded Golden Triangle district of Norwich, this home is surrounded by local amenities including pubs, restaurants, shops, and markets. Heigham Park is within half a mile and offers recreational facilities such as playgrounds and tennis courts. The proximity to well-rated schools such as Recreation Road Infant School further enhances its appeal for families. Norwich city center lies just one mile away and boasts an extensive shopping district along with cultural attractions like theatres and galleries. The area is well-connected by public transport; there’s regular rail service providing access to London Liverpool Street within approximately 90 minutes. With 1,569 sq ft of space set on 0.04 acres of land, this property provides ample scope for personal touch-ups or larger renovations that could significantly increase its value over time. It represents not only a comfortable family residence but also an exciting investment opportunity in one of Norwich's most sought-after neighborhoods.

Investment Analysis

(NR2 area)

Above Market Value

This property is priced +9.1% above area average per sq ft

+9.1%
This Property
£351/sq ft
Area Average
£321/sq ft
Avg Rent (weekly)
£333
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£554,791
10% above area average per sq ft
Potential ROI
-10.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NR2)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 9.4%
5 year growth: 13.2%
Investment Disclaimer: Analysis based on NR2 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

Cambridge Street, Norwich, Norfolk, NR2
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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
£2,015
Based on a loan of £412,500 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