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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

£130,000

Listed on 23/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
709 sqft

Description

This mid-terrace house presents a promising investment opportunity, ideally located just a short stroll from the city centre. Vacant and ready for new ownership, this three-bedroom property has been a consistent rental asset, previously achieving £1,050 per month. The home offers gas central heating and double glazed windows, setting a solid foundation for renovations. Inside, you will find a spacious lounge, a practical kitchen/diner, and a ground-floor bathroom. The layout on the first floor includes two main bedrooms with the third bedroom accessible through one of the others. A compact courtyard garden at the rear provides outdoor space with pedestrian access. With thoughtful updates and improvements, this property could significantly enhance its rental appeal or serve as an attractive residence in a sought-after area.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -35.6% below area average per sq ft

-35.6%
Potential saving
This Property
£183/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
+38.8%
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
£464
Based on a loan of £97,500 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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