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Old Palace Road, Norwich

East of England

£160,000
Listed on 24/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
634 sqft

Description

This three-bedroom residence on Old Palace Road, Norwich, presents a noteworthy opportunity for those looking to invest in property renovations. The house boasts a traditional layout with a sitting room and dining room that are ripe for modernisation, allowing new owners to infuse their personal style and creativity into the space. At the rear, you'll find a recently updated kitchen that serves as an excellent starting point for improvements. The condition of this section is comparatively favorable, facilitating a phased refurbishment approach. Upstairs features two generously sized bedrooms which would benefit from updates, offering the potential for refreshing designs. Both front and rear gardens are in need of revitalisation but provide ample opportunities for landscaping or redesign to create ideal outdoor spaces. With its proximity to the city centre and local amenities, this property sits in a convenient location while having permit parking available, making it attractive to families and professionals alike. In summary, this home offers solid foundations with considerable potential for enhancement, making it an appealing project for buyers looking to add value and personalize their living environment.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -21.1% below area average per sq ft

-21.1%
Potential saving
This Property
£252/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£336
Avg Yield
6.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£223,133
10% above area average per sq ft
Potential ROI
+11.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
57%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by -0.3% over the last 12 months
3 year growth: +7.0%
5 year growth: +12.0%
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

Old Palace Road, Norwich
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£577
Based on a loan of £120,000 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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