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Gertrude Road, Norwich - Image 1
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Gertrude Road, Norwich

East of England

£160,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace house in the desirable NR3 area of Norwich presents an excellent opportunity for renovation and investment. With a traditional layout featuring a lounge, dining room, kitchen, and bathroom on the ground floor, along with two main bedrooms and an additional smaller bedroom on the upper level, the property has great potential to be transformed into a modern family home. Although it currently requires updating throughout, its solid structure and benefits like double glazing and gas heating provide a strong foundation for improvements. The low-maintenance front garden and bisected rear garden add outdoor space that can enhance residential appeal. Located within walking distance to the city center and surrounded by local amenities including schools, shops, pubs, and restaurants, this property is ideally situated for both first-time buyers looking to personalize their home or investors aiming to capitalize on its renovation potential. Don't miss the chance to view this promising project.

Investment Analysis

(NR3 area)
Area Average
£278/sq ft
Avg Rent (weekly)
£253
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

Gertrude 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
£586
Based on a loan of £120,000 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