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Magdalen Road, Norwich

East of England

£230,000
Listed on 11/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom property presents a significant opportunity for renovation and investment. While it requires updates throughout, the layout and space offer a strong foundation for transformation. The entrance hall leads to all main living areas, including a lounge with a front bay window and gas heater, perfect for creating a cozy atmosphere. The separate dining room features a rear window and electric heating, ideal for entertaining or family meals. The kitchen, while functional with fitted units and space for appliances, has the potential to be reimagined into a modern culinary space. Upstairs, you'll find three bedrooms and a bathroom equipped with essential fixtures but in need of modernization. The enclosed courtyard garden at the back provides outdoor space that could be enhanced further. This property not only allows for personal customization but also holds the potential to significantly increase in value post-renovation. With no onward chain, it's an ideal choice for investors looking to maximize returns through thoughtful refurbishment.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Magdalen Road, Norwich
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£830
Based on a loan of £172,500 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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