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Grove Road, Norwich, NR1

East of England

£310,000
Listed on 24/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
1028 sqft

Description

This period mid-terrace property on a desirable street south of Norwich presents significant potential for those looking to invest in a renovation project. Offered without an onward chain, it provides a blank canvas for modernization. The entrance hall leads into a living room and separate dining room, both spacious and filled with character, along with a functional pantry and storage cupboard. The ground floor also features a kitchen and bathroom that may require updating. Upstairs, you'll find two well-proportioned bedrooms; the principal bedroom is notably spacious with built-in wardrobes. A WC adds convenience, while stairs lead to a loft space that has been converted but could be further developed into an extra bedroom or office area, depending on individual needs. A large cellar provides excellent storage options as well. Newly fitted sash windows enhance the property's charm while ensuring energy efficiency. Outside, the front garden is neatly kept and vibrant, contributing to the appealing first impression, while the rear courtyard garden offers low-maintenance outdoor space suitable for leisure or additional landscaping possibilities. Given its location in the sought-after NR1 area with easy access to Norwich's amenities and transport links, this property not only holds personal appeal but also investment prospects for future value enhancement.

Investment Analysis

(NR1 area)

Above Market Value

This property is priced +3.9% above area average per sq ft

+3.9%
This Property
£302/sq ft
Area Average
£290/sq ft
Avg Rent (weekly)
£258
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£328,045
10% above area average per sq ft
Potential ROI
-6.3%
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
12%
Properties sold annually

Local Market Trend (NR1)

Area prices are falling by -4.1% over the last 12 months
3 year growth: -6.0%
5 year growth: +2.5%
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

Grove Road, Norwich, NR1
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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
£1,098
Based on a loan of £232,500 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.

Stamp Duty Calculator

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