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Spencer Street, Norwich, NR3 - Image 1
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Spencer Street, Norwich, NR3

East of England

£220,000
Listed on 20/01/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace property presents a promising investment or renovation opportunity in the vibrant city of Norwich. With approximately 82.9 square metres of space, the home combines charm with significant potential for enhancement. The modest front garden and private rear garden provide outdoor areas that can be easily transformed for added appeal and usability. Parking is made convenient with up to two permits available on the street, a valuable feature in this residential area. Inside, the living area is bright and adaptable, featuring large windows that create an inviting atmosphere ideal for relaxation or social gatherings. For those looking to modernise, there is considerable opportunity to upgrade finishes or even create an open-plan layout. The kitchen and dining space serves as a functional hub of the home, well-suited for everyday living but ready for refurbishment to match contemporary tastes—perfect for culinary enthusiasts or families who enjoy hosting. The ground-floor bathroom comes equipped with essential amenities and presents a straightforward updating task for those wishing to align it with modern standards. Upstairs are three generous bedrooms filled with natural light. Each offers potential for personalisation or cosmetic upgrades, whether you're envisioning a chic nursery, a productive home office, or simply revitalising existing spaces. Additionally, the private rear garden stands out as a versatile outdoor area that can accommodate gardening projects or social events without demanding too much maintenance. With its traditional character coupled with numerous opportunities for advancement, this property could serve as an ideal first home or an investment venture in one of East England's most desirable locations.

Investment Analysis

(NR3 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£250
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -2.5%
5 year growth: +14.7%
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

Spencer Street, Norwich, NR3
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£793
Based on a loan of £165,000 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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