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51 Greyfriars Road, Norwich, Norfolk, NR1 1PR - Image 1
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51 Greyfriars Road, Norwich, Norfolk, NR1 1PR

East of England

£90,000

Listed on 27/05/2026

Property Details

Bedrooms
2
Type
Apartment
Area
715 sqft

Description

This two-bedroom apartment is situated on the fourth floor of a centrally located building in Norwich, providing easy access to local amenities such as cafes, restaurants, and transport links. Upon entering, you'll find a generous entrance hall leading to a cloak cupboard, a family bathroom, two spacious double bedrooms—one with an en-suite shower—and an open plan kitchen and living area. The kitchen is equipped with integrated appliances including an electric oven and induction hob but is due for further modernisation to enhance its functionality. The property includes an allocated parking space and no onward chain, appealing to investors or those looking to create their ideal city home. With a long lease of 250 years remaining from 2006, this apartment offers significant renovation potential in a vibrant urban setting.

Investment Analysis

(NR1 area)

Below Market Value

This property is priced -56.5% below area average per sq ft

-56.5%
Potential saving
This Property
£126/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£252
Avg Yield
6.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£227,534
10% above area average per sq ft
Potential ROI
+89.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR1)

Area prices are falling by -4.8% over the last 12 months
3 year growth: -5.8%
5 year growth: +1.5%
Investment Disclaimer: Analysis based on NR1 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

51 Greyfriars Road, Norwich, Norfolk, NR1 1PR
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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
£321
Based on a loan of £67,500 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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