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161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 1
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 2
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 3
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 4
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 5
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 6
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 7
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 8
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 9
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 10
161 Sprowston Road, Norwich, Norfolk NR3 4QQ - Image 11

161 Sprowston Road, Norwich, Norfolk NR3 4QQ

East of England

£130,000
Listed on 03/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
700 sqft

Description

This two-bedroom terrace house presents an excellent opportunity for developers or investors looking to make their mark in the East of England property market. Located approximately 1.5 miles north of the city centre, the home is conveniently close to various local amenities and services, making it a prime candidate for renovation. Currently vacant, the property requires significant updating and repair, particularly to enhance its overall appeal. The layout features a lounge, a dining room, and a kitchen on the ground floor, while the first floor includes two bedrooms—one benefiting from an ensuite—making it suitable for both potential tenants and owner-occupiers. Additionally, there is a small front garden and a bisected rear garden that could be transformed into inviting outdoor space. This property is being sold freehold and may be ideal for cash buyers aiming to invest in a project with solid rental yields or resale potential.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -34.1% below area average per sq ft

-34.1%
Potential saving
This Property
£186/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£240
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£217,102
10% above area average per sq ft
Potential ROI
+31.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -5.1%
5 year growth: +12.0%
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

161 Sprowston Road, Norwich, Norfolk NR3 4QQ
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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
£469
Based on a loan of £97,500 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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