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Guernsey Road, Norwich

East of England

£200,000
Listed on 02/11/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
707 sqft

Description

This mid-terrace home is ideally situated in a vibrant area of Norwich, offering a unique blend of urban convenience and potential for renovation. The property features an open-plan sitting and dining area that invites both relaxation and social gatherings. While the kitchen is functional with its practical layout, it presents significant opportunities for modern improvements to create a contemporary culinary space that aligns with today’s living standards. Upstairs, you will find two well-proportioned double bedrooms alongside a spacious bathroom equipped with a classic three-piece suite. These rooms provide ample accommodation and can be enhanced further with thoughtful updates. Outside, the private courtyard offers low-maintenance outdoor space that could easily be transformed into a charming garden or patio area, adding personal flair to the property. Located approximately one mile from the city center, this home benefits from easy accessibility, whether you're walking, cycling, or using public transportation. Nearby local shops, cafes, and supermarkets cater to everyday needs while a broader selection of dining and retail options awaits in central Norwich. Families will appreciate the proximity of educational institutions like Magdalen Gates Primary School and Sewell Park Academy. Transport links are well-established; local bus routes connect seamlessly to the city center, and the main train station is just a short journey away for regional travel. On-street parking permits add to the convenience for car owners. The neighborhood around this property strikes a balance between residential tranquility and urban accessibility, making it appealing to families and professionals alike. This home not only offers immediate comfort but also significant investment potential through renovations that can increase both livability and value over time. It’s an opportunity for first-time buyers or investors looking to capitalize on a desirable location in one of Norwich's sought-after areas.

Investment Analysis

(NR3 area)

Above Market Value

This property is priced +1.9% above area average per sq ft

+1.9%
This Property
£283/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£215,812
10% above area average per sq ft
Potential ROI
-6.2%
After renovation
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

Guernsey Road, 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
£733
Based on a loan of £150,000 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