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94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 1
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 2
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 3
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 4
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 5
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 6
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 7
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 8
94 Magpie Road, Norwich, Norfolk NR3 1JG - Image 9

94 Magpie Road, Norwich, Norfolk NR3 1JG

East of England

£140,000
Listed on 05/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
709 sqft

Description

This mid-terrace house, located within convenient reach of the city center, offers a blank canvas for investors and homebuyers looking to modernize. Previously rented out at £1,050 per month, the property has potential for value enhancement through updates. The three-bedroom layout includes a lounge and kitchen/diner on the ground floor, along with a bathroom. Upstairs, two bedrooms plus a third accessed via the second bedroom create flexible accommodation possibilities. Additional features like gas central heating and double glazing are already in place, while the rear courtyard presents an opportunity for outdoor space development. Given its proximity to local amenities and transport connections, this property represents an appealing investment opportunity in today's market.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -30.7% below area average per sq ft

-30.7%
Potential saving
This Property
£197/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£222,116
10% above area average per sq ft
Potential ROI
+30.7%
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
18%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -5.2%
5 year growth: +11.7%
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

94 Magpie Road, Norwich, Norfolk NR3 1JG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£499
Based on a loan of £105,000 over 30 years at 3.97% 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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