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Wheatley Road, Norwich

East of England

£260,000
Listed on 25/03/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
855 sqft

Description

Nestled within a peaceful and established residential area, this four-bedroom property exudes untapped potential for families and investors alike. Set on a sizable corner plot, the home is well-maintained yet offers numerous opportunities for enhancement or expansion. The light-filled sitting/dining area serves as a versatile hub for daily living and hosting guests. Additionally, a conveniently positioned kitchen and fourth bedroom on the ground floor provide options for multigenerational living or a dedicated workspace. Upstairs, three generously-sized bedrooms surround a practical family bathroom, ensuring comfort with abundant natural light. The south-facing garden offers a tranquil outdoor space for relaxation or entertainment, while off-road parking and additional outbuildings enhance functionality. Notable updates include double glazing and a newer boiler, reflecting thoughtful maintenance. Previously granted planning permission to extend or create another dwelling underscores the property's development potential (subject to necessary approvals). Ideal for those exploring rental opportunities, particularly as student accommodation due to its proximity to local universities and amenities. This property stands as an adaptable canvas in a highly desirable location.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -6.1% below area average per sq ft

-6.1%
Potential saving
This Property
£304/sq ft
Area Average
£324/sq ft
Avg Rent (weekly)
£327
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£304,581
10% above area average per sq ft
Potential ROI
+1.5%
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
60%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +7.4%
5 year growth: +10.7%
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

Wheatley Road, 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
£938
Based on a loan of £195,000 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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