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1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 1
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 2
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 3
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 4
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 5
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 6
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 7
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 8
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 9
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 10
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 11
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 12
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 13
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 14
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 15
1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ - Image 16

1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ

East of England

£65,000
Listed on 25/03/2026

Property Details

Bedrooms
2
Type
Ground Flat
Area
559 sqft

Description

This ground floor, purpose-built two-bedroom flat offers a significant opportunity for buyers looking to invest in a property with renovation potential. Spanning approximately 58 sq/m, the flat features double glazing and electric heating, providing a solid foundation for updates. Having housed the same tenant for many years, the property is now vacant and ready for new ownership. While it requires some modernisation to enhance its appeal and functionality, its strategic location just under two miles from the city centre and opposite Catton Grove shopping parade makes it a valuable addition for any investor or first-time buyer. Notably, this property has not been on the market for 25 years, underscoring its rarity in an evolving neighbourhood. The layout includes a hallway, kitchen, bathroom, two bedrooms, and a living room that can be transformed into an inviting space. Externally, residents benefit from access to communal gardens. This leasehold offering has 69 years remaining on its term, along with manageable service charges that provide good value given the area.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -58.8% below area average per sq ft

-58.8%
Potential saving
This Property
£116/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£240
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£173,371
10% above area average per sq ft
Potential ROI
+92.6%
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

1A Lilburne Avenue, Norwich, Norfolk NR3 3NZ
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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
£234
Based on a loan of £48,750 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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