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Nelson Street, Norwich

East of England

£230,000

Listed on 03/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
683 sqft

Description

This three-bedroom terraced house offers a promising opportunity for renovation enthusiasts or investors seeking a property with considerable upside potential. The layout features a sitting room and a separate dining area, both of which could benefit from modern updates. The kitchen, equipped with wooden-style units and space for appliances, presents a canvas for personalization. Upstairs, the accommodation comprises two spacious double bedrooms alongside a smaller single room, suitable for various uses such as a nursery or home office. Notably, original fireplaces in two bedrooms enhance the character of the home and provide an avenue for aesthetic upgrades. Practical improvements include uPVC windows throughout and a gas boiler that has been recently serviced, along with updated electrics offering peace of mind to prospective buyers. Outside, the manageable garden ensures low maintenance while providing private outdoor space—ideal for both first-time buyers looking to add their touch and investors aiming for a buy-to-let property without extensive upkeep. The location in Heigham Grove is well-served by local amenities and offers convenient access to parks, schools, and transport links, making this property an appealing choice for those ready to modernize and increase its value over time.

Investment Analysis

(NR2 area)

Above Market Value

This property is priced +3.5% above area average per sq ft

+3.5%
This Property
£337/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£318
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£244,548
10% above area average per sq ft
Potential ROI
-4.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NR2)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +5.4%
5 year growth: +9.0%
Investment Disclaimer: Analysis based on NR2 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

Nelson Street, Norwich
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£869
Based on a loan of £172,500 over 30 years at 4.45% 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.

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