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Colls Road, Norwich, Norfolk, NR7 9QF

East of England

£120,000

Listed on 20/05/2026

Property Details

Bedrooms
2
Type
Flat
Area
612 sqft

Description

Located in the sought-after area of Thorpe St Andrew, this two-bedroom ground floor apartment offers a unique opportunity for those looking to invest or create their dream home. While the property is spacious and features essential amenities like a lounge/dining area with dual aspect windows, a kitchen equipped with base and wall units, and ample storage, it does require modernization to reach its full potential. The bathroom boasts a three-piece suite with an electric shower, and both bedrooms provide generous space with pleasant views. Outside, the property is surrounded by well-kept lawns and includes a convenient brick-built store. With no onward chain and close proximity to local services, transport links, and schools, this apartment is primed for renovation. The current leasehold status includes 65 years remaining on the lease with low ground rent and service charges, making it an appealing investment for those willing to undertake some refurbishments.

Investment Analysis

(NR7 area)

Below Market Value

This property is priced -38.0% below area average per sq ft

-38.0%
Potential saving
This Property
£196/sq ft
Area Average
£316/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £18,000
Target Value
£212,832
10% above area average per sq ft
Potential ROI
+54.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +3.7% over the last 12 months
3 year growth: -1.7%
5 year growth: +15.3%
Investment Disclaimer: Analysis based on NR7 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

Colls Road, Norwich, Norfolk, NR7 9QF
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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
£428
Based on a loan of £90,000 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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