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Nelson Street, Norwich

East of England

£250,000
Listed on 21/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
984 sqft

Description

This property presents a compelling opportunity for first-time buyers or investors looking to make their mark. The ground floor is characterised by a spacious sitting room that invites natural light, ideal for both relaxation and social gatherings. Adjacent is a dedicated dining area that complements the well-sized kitchen, complete with a useful pantry for storage. A conveniently located bathroom on this level adds to the practicality of the layout. Additionally, a conservatory/lean-to extends from the side, providing adaptable space that could serve as a home office or reading nook. On the middle floor, you'll find two bedrooms—one with an ensuite shower room, enhancing comfort and privacy. Both rooms include built-in storage solutions, making it easier to maintain an organised living space. The converted loft area on the top floor further increases versatility in how you can utilise this home. The exterior features a low-maintenance garden area, allowing for outdoor enjoyment without extensive upkeep. While the property has solid structural integrity and functional spaces, it currently requires modernisation and updating, creating an excellent canvas for personalisation that could significantly boost its value over time. Situated in the Heigham Grove neighbourhood of Norwich, this location combines residential calm with easy access to local amenities including shops and parks. Schools are conveniently nearby and transport links ensure quick commutes to the city centre and beyond.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -20.6% below area average per sq ft

-20.6%
Potential saving
This Property
£254/sq ft
Area Average
£320/sq ft
Avg Rent (weekly)
£336
Avg Yield
6.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£346,314
10% above area average per sq ft
Potential ROI
+25.9%
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

Nelson Street, 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
£902
Based on a loan of £187,500 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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