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Ber Street, Norwich, NR1 3EY - Image 1
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Ber Street, Norwich, NR1 3EY

East of England

£400,000
Listed on 18/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property represents a notable development opportunity in the heart of Norwich, with existing planning permission (ref. 16/01266/F) for a substantial conversion and new build project. The current plans allow for the transformation of the first floor of an existing two-storey building into three residential flats, while also proposing the demolition of outdated warehouse and retail units at the rear. In their place, five new dwellings can be constructed, along with a commercial unit fronting Ber Street. The proposed configuration includes two one-bedroom flats with sizes of approximately 50 m² (538 sq ft) and 38 m² (409 sq ft), as well as three two-bedroom houses spanning around 71 m² (674 sq ft) each. This thoughtful design maximizes the site's potential and caters to both residential and commercial demands in a bustling urban environment. Situated on Ber Street, this rectangular parcel measures about 0.108 acres (0.044 hectares) and enjoys proximity to existing retail sectors and residential communities, making it an attractive location for future inhabitants or investors. The area is well-connected, enhancing its appeal for both living and business opportunities. Notably, several planning conditions have been addressed; notably, materials have been approved and landscaping plans are in place. Additionally, energy efficiency measures have been confirmed as part of the development strategy. The Community Infrastructure Levy (CIL) has already been settled, streamlining the planning process for prospective buyers. This offering not only provides a foundation for immediate development but also represents a significant investment within an evolving urban landscape. Interested parties are encouraged to consider this unique opportunity to engage in Norwich's dynamic real estate market. Viewing arrangements can be made through the sole selling agent upon request.

Investment Analysis

(NR1 area)
Area Average
£287/sq ft
Avg Rent (weekly)
£260
Avg Yield
6.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
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
13%
Properties sold annually

Local Market Trend (NR1)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -2.0%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on NR1 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

Ber Street, Norwich, NR1 3EY
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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
£1,465
Based on a loan of £300,000 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