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91 Waterworks Road, Norwich, Norfolk NR2 4DB - Image 1
91 Waterworks Road, Norwich, Norfolk NR2 4DB - Image 2
91 Waterworks Road, Norwich, Norfolk NR2 4DB - Image 3
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91 Waterworks Road, Norwich, Norfolk NR2 4DB - Image 8
91 Waterworks Road, Norwich, Norfolk NR2 4DB - Image 9
91 Waterworks Road, Norwich, Norfolk NR2 4DB - Image 10
91 Waterworks Road, Norwich, Norfolk NR2 4DB - Image 11

91 Waterworks Road, Norwich, Norfolk NR2 4DB

East of England

£120,000
Listed on 18/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
742 sqft

Description

This end terrace house presents a compelling opportunity for renovation and investment, offering a blank canvas for those looking to add value through modernisation. Currently vacant, the property has been tenanted for many years and is now ready for its next chapter, ideal for both personal occupancy or as a rental investment. Inside, the layout features two reception rooms that provide flexible living spaces, alongside a kitchen and a ground floor bathroom. The first floor comprises three bedrooms, allowing ample accommodation options. Gas central heating is already in place, serving as a solid foundation for further updates. The outdoor space includes a small front garden and a non-bisected rear garden, which could be transformed into an inviting outdoor area with some landscaping. On-street parking adds convenience to the location. Situated to the west of Norwich city centre, this property benefits from close proximity to local schools, shops, and community amenities. This advantageous location enhances its appeal to families and professionals alike. With open viewings already scheduled, prospective buyers have the chance to assess this property firsthand. Whether you're considering a project to modernise or looking to invest in an area with potential growth, this house offers significant prospects for those willing to take on a renovation challenge. The freehold tenure ensures long-term ownership benefits without any leasehold complications.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -50.0% below area average per sq ft

-50.0%
Potential saving
This Property
£162/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£329
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£264,163
10% above area average per sq ft
Potential ROI
+76.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NR2)

Area prices are rising by +4.0% over the last 12 months
3 year growth: 14.3%
5 year growth: 17.6%
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.

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Location

91 Waterworks Road, Norwich, Norfolk NR2 4DB
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