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Nelson Street, Heigham Grove

East of England

£350,000
Listed on 13/01/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1386 sqft

Description

Located in the desirable Heigham Grove area of Norwich, this terrace property offers significant potential for renovation and personalization. With its spacious layout, this residence features a welcoming entrance hall leading into a bright living room that includes a fireplace, creating an inviting atmosphere for both daily living and entertaining. The L-shaped kitchen and dining space, equipped with modern cabinetry and a wood burner, flows seamlessly through French doors to the expansive garden—a prime area for outdoor activities or future landscaping projects. The home has three well-proportioned bedrooms and a traditional four-piece family bathroom that can be updated to suit contemporary tastes. The basement presents opportunities for additional storage or possible conversion (subject to planning approval), while the detached garage also holds potential as an extra living space or workshop. With an extensive garden that includes a patio and multiple storage sheds, there’s ample room to explore landscaping or gardening ventures. This property, just minutes from the city centre and in close proximity to local amenities, schools, parks, and transport links, represents an excellent opportunity for investors or families looking to create their dream home in a thriving community.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£253/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£327
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£491,150
10% above area average per sq ft
Potential ROI
+22.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by -1.0% over the last 12 months
3 year growth: +7.7%
5 year growth: +8.1%
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

Nelson Street, Heigham Grove
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,240
Based on a loan of £262,500 over 30 years at 3.91% 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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