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Connaught Road, Norwich

East of England

£225,000
Listed on 06/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
743 sqft

Description

This extended Victorian mid-terrace property is located in the desirable Golden Triangle area of Norwich, presenting a unique opportunity for renovation enthusiasts or investors. The home features a welcoming entrance porch that leads into a spacious bay-windowed lounge complete with a fireplace. Adjacent to this, you'll find a lobby area with access to the first-floor staircase and a separate dining room benefiting from useful understairs storage. The kitchen has been generously extended, providing more space than typically found in similar properties, along with the convenience of a ground floor shower room. On the upper level, there are two well-sized double bedrooms situated off the landing, plus a third bedroom accessible through one of the doubles. The property is equipped with double glazing and gas central heating throughout, but some updating is necessary to maximize its potential. Outside, there's an enclosed front garden and an inviting rear courtyard that leads to a substantial 35-foot garden (stms) offering privacy. Given its location and layout, this property is ideally suited for first-time buyers or those looking to invest in a promising area, especially as it comes with no onward chain.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -6.5% below area average per sq ft

-6.5%
Potential saving
This Property
£303/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£327
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£264,683
10% above area average per sq ft
Potential ROI
+1.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +7.4%
5 year growth: +10.7%
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

Connaught Road, Norwich
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£811
Based on a loan of £168,750 over 30 years at 4.06% 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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