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Penryn Close, Norwich

East of England

£325,000
Listed on 09/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1488 sqft

Description

Nestled in a tranquil residential cul-de-sac near the UEA campus, this detached home sits on a sizable plot with immense potential for both renovation and expansion. While currently requiring significant updates throughout, it provides a robust framework for creative enhancements tailored to modern living. This property is well-suited for first-time buyers, investors, or anyone looking to undertake a rewarding renovation project. The existing layout features generous living spaces, including a lounge that flows into a dining area and an adjoining kitchen with utility access. Additionally, the three bedrooms and bathroom upstairs offer ample scope for reconfiguration or refurbishment to suit personal preferences. Outside, the sizeable garden presents opportunities for landscaping or even additional structures subject to planning permission. With convenient access to local amenities and transport links into Norwich city centre, this property stands out as an exciting investment opportunity in a popular area known for its community spirit.

Investment Analysis

(NR4 area)

Below Market Value

This property is priced -33.9% below area average per sq ft

-33.9%
Potential saving
This Property
£218/sq ft
Area Average
£331/sq ft
Avg Rent (weekly)
£418
Avg Yield
5.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£541,126
10% above area average per sq ft
Potential ROI
+44.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NR4)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -2.4%
5 year growth: +10.5%
Investment Disclaimer: Analysis based on NR4 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

Penryn Close, 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
£1,172
Based on a loan of £243,750 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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