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27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 1
27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 2
27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 3
27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 4
27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 5
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27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 8
27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 9
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27 Josephine Close, Norwich, Norfolk NR1 2PG - Image 18

27 Josephine Close, Norwich, Norfolk NR1 2PG

East of England

£80,000
Listed on 25/03/2026

Property Details

Bedrooms
2
Type
Ground Flat
Area
729 sqft

Description

This ground floor two-bedroom flat, situated within a block of four units, presents a promising refurbishment opportunity. The property has been under the same ownership for over three decades and is now being offered with vacant possession. It features partial double glazing and includes a garage, providing convenient off-road parking. Although it requires significant modernisation to unlock its full potential, the location benefits from proximity to the city centre and local amenities, making it an attractive investment for those looking to enhance property value. The flat comprises an entrance hall, WC, bathroom, kitchen, sitting room, and two bedrooms, alongside a rear garden that allows for outdoor enjoyment. With 81 years remaining on the leasehold and moderate ground rent fees, this property could be transformed into a desirable home or rental opportunity in the East of England.

Investment Analysis

(NR1 area)

Below Market Value

This property is priced -62.2% below area average per sq ft

-62.2%
Potential saving
This Property
£110/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£252
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£232,992
10% above area average per sq ft
Potential ROI
+121.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

27 Josephine Close, Norwich, Norfolk NR1 2PG
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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
£289
Based on a loan of £60,000 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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