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38 Frere Road, Norwich, Norfolk, NR7 9UR

East of England

£120,000
Listed on 25/03/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
898 sqft

Description

This three-bedroom end-terrace home, constructed from brick and topped with a pitched roof, presents a promising opportunity for renovation enthusiasts. The property's layout spans two floors, featuring an entrance hall that leads to a spacious living area, a dining room, and a compact kitchen on the ground level. Upstairs, you'll find three generously sized bedrooms along with a bathroom and separate WC. The entire property is in need of comprehensive modernization and updating, making it ideal for buyers looking to invest in refurbishment projects. The outdoor space includes a modest front garden with established shrubbery and a sizable rear garden that comes with an additional garage for storage or potential workspace. This property is being sold along with its contents, adding another layer of value to the investment. With local amenities within easy reach and convenient access routes into the city, this is a solid prospect for transformation into a desirable family home or rental investment.

Investment Analysis

(NR7 area)

Below Market Value

This property is priced -57.3% below area average per sq ft

-57.3%
Potential saving
This Property
£134/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£309,478
10% above area average per sq ft
Potential ROI
+82.0%
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
24%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +5.2% over the last 12 months
3 year growth: -2.7%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on NR7 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

38 Frere Road, Norwich, Norfolk, NR7 9UR
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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
£433
Based on a loan of £90,000 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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