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Norwich, NR2

East of England

£330,000
Listed on 01/04/2026

Property Details

Bedrooms
5
Type
Semi Detached
Area
955 sqft

Description

This generously proportioned semi-detached house offers a prime opportunity for investors, particularly those looking to capitalize on its previous use as a successful HMO. Conveniently located near a variety of local amenities including parks, shops, a university, and a hospital, this property is well-suited for both residential and rental purposes. The layout currently accommodates five bedrooms along with ample living space, providing versatility for potential configurations. Outside, you'll find off-road parking and a private rear garden that is enclosed and presents opportunities for expansion (subject to planning permission). With an existing rental agreement in place until August 2026 yielding £1,800 per month (excluding bills), this property not only promises immediate returns but also room for further enhancement through renovation. Viewing is highly encouraged to fully appreciate the potential this home holds.

Investment Analysis

(NR2 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£346/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£327
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£338,419
10% above area average per sq ft
Potential ROI
-8.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by -1.0% over the last 12 months
3 year growth: +7.7%
5 year growth: +8.1%
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

Norwich, NR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,169
Based on a loan of £247,500 over 30 years at 3.91% 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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