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Portersfield Road, Norwich

East of England

£160,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1151 sqft

Description

This Victorian mid-terrace house features a traditional over-the-passage layout, creating a spacious first-floor arrangement that is particularly desirable. Comprising three bedrooms, a bay-fronted lounge with an open fire, and a separate dining room, it holds significant potential for renovation. The property is situated in a popular residential area of Norwich, within easy reach of the city centre and local amenities, making it appealing for both homeowners and investors alike. The home requires comprehensive refurbishment throughout but offers an excellent opportunity to enhance value and generate strong resale or rental demand in a thriving market. A bisected rear garden adds to its charm, while on-street permit parking is available. This is a project that invites creativity and vision, perfect for those looking to invest in an up-and-coming neighborhood near the University of East Anglia.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -56.8% below area average per sq ft

-56.8%
Potential saving
This Property
£139/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£327
Avg Yield
6.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£407,874
10% above area average per sq ft
Potential ROI
+63.1%
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

Portersfield Road, Norwich
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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
£567
Based on a loan of £120,000 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.

Stamp Duty Calculator

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