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5 Luke Close, Norwich, Norfolk NR5 0QG - Image 1
5 Luke Close, Norwich, Norfolk NR5 0QG - Image 2
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5 Luke Close, Norwich, Norfolk NR5 0QG

East of England

£100,000
Listed on 08/05/2026

Property Details

Bedrooms
2
Type
End Of Terrace

Description

This two-bedroom property is conveniently situated within a short walking distance to a variety of local amenities, offering significant potential for renovation and value enhancement. The layout includes an entrance hallway, a lounge, a kitchen/diner, a w/c, two ample double bedrooms, and a family bathroom. The private rear garden adds outdoor space that could be transformed. The location boasts excellent accessibility to essential services such as healthcare facilities, schools, and shopping areas in Costessey, alongside efficient road links to the A47, making it an attractive option for both investors and homeowners looking to improve their living environment. Given its current condition and the market dynamics in the East of England, this property offers a solid investment opportunity with scope for modernization. Buyers are encouraged to conduct personal inspections before placing any bids at auction.

Investment Analysis

(NR5 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£420
Avg Yield
7.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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 -5.8% over the last 12 months
3 year growth: -9.2%
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

5 Luke Close, Norwich, Norfolk NR5 0QG
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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
£357
Based on a loan of £75,000 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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