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Theobald Road, Norwich, Norfolk, NR1 - Image 1
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Theobald Road, Norwich, Norfolk, NR1

East of England

£185,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1019 sqft

Description

This three-bedroom semi-detached house located in the desirable NR1 area offers a remarkable opportunity for those looking to undertake a comprehensive renovation. With its current condition requiring significant updates, this property is perfect for investors or homeowners eager to personalize their space and maximize potential value. The layout includes a spacious reception area and a kitchen/diner, paired with a convenient downstairs WC and utility room. Upstairs, you'll find three generously sized bedrooms alongside a family bathroom. The outdoor area presents ample possibilities for landscaping and garden design enhancements. This property not only boasts an appealing location but also invites creative visions for transformation into either an attractive family residence or a lucrative investment. Given its renovation needs and prime positioning, interest is likely to be high.

Investment Analysis

(NR1 area)

Below Market Value

This property is priced -37.5% below area average per sq ft

-37.5%
Potential saving
This Property
£182/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£252
Avg Yield
6.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£325,677
10% above area average per sq ft
Potential ROI
+18.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (NR1)

Area prices are stable by -0.6% over the last 12 months
3 year growth: -4.2%
5 year growth: +7.6%
Investment Disclaimer: Analysis based on NR1 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

Theobald Road, Norwich, Norfolk, NR1
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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
£667
Based on a loan of £138,750 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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