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Pennyroyal, NORWICH, Norfolk, NR6 - Image 11

Pennyroyal, NORWICH, Norfolk, NR6

East of England

£240,000
Listed on 07/02/2026

Property Details

Bedrooms
4
Type
Detached house
Area
1085 sqft

Description

This end-of-terrace four-bedroom house occupies a generous corner plot in the desirable NR6 area, presenting a prime opportunity for renovation and investment. The property boasts spacious living areas, including a large lounge and a well-proportioned kitchen, accompanied by the convenience of a downstairs cloakroom. On the upper floor, you will find four bedrooms and a family bathroom, catering perfectly to families or those requiring additional space for a home office or guest accommodation. The ample garden space not only enhances outdoor living but also offers significant potential for landscaping or extensions (subject to planning approval), making it an attractive option for buyers looking to customize their home. Although the property requires some updates and improvements, it is ideal for those eager to add personal touches and increase its value over time. Situated within easy reach of local amenities such as supermarkets, schools, parks, and medical facilities, along with efficient transport links into Norwich City Centre and beyond, this property combines comfortable living with practicality. With no onward chain, this opportunity is ready for immediate consideration by motivated buyers.

Investment Analysis

(NR6 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£221/sq ft
Area Average
£302/sq ft
Avg Rent (weekly)
£276
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£360,198
10% above area average per sq ft
Potential ROI
+31.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
59%
Properties sold annually

Local Market Trend (NR6)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -5.6%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on NR6 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

Pennyroyal, NORWICH, Norfolk, NR6
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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
£866
Based on a loan of £180,000 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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