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Horning Close, Norwich, NR5

East of England

£400,000
Listed on 24/04/2026

Property Details

Bedrooms
6
Type
Semi Detached
Area
1281 sqft

Description

This spacious semi-detached house, originally built as a local authority home, presents a valuable opportunity for renovation and investment. With five well-proportioned bedrooms on the upper floor and an adaptable sixth room on the ground floor that can serve as an office or family room, this home is ideal for those seeking flexible living arrangements. The property boasts two reception rooms that provide substantial space for both relaxation and social gatherings. The kitchen, while functional, could benefit from modernization to enhance its appeal. With three bathrooms already in place, including a cloakroom, this property is equipped for family life but may require updates to fixtures and fittings. Off-street parking is another significant advantage in this desirable location, particularly given its proximity to local amenities and transport links. The rear garden offers considerable potential for expansion or development; plans for an annexe could be explored (subject to planning permission). Overall, this property represents an excellent opportunity to create a large, modern family home in a sought-after area.

Investment Analysis

(NR5 area)

Above Market Value

This property is priced +10.1% above area average per sq ft

+10.1%
This Property
£312/sq ft
Area Average
£284/sq ft
Avg Rent (weekly)
£429
Avg Yield
8.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£399,550
10% above area average per sq ft
Potential ROI
-13.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -6.0% over the last 12 months
3 year growth: -9.0%
5 year growth: +3.4%
Investment Disclaimer: Analysis based on NR5 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

Horning Close, Norwich, NR5
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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
£1,417
Based on a loan of £300,000 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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