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Wheeler Road, Norwich, NR3

East of England

£200,000

Listed on 12/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
764 sqft

Description

This spacious three-bedroom property is set in a peaceful corner plot, providing an excellent canvas for those looking to invest in a renovation project. The home is currently presented in a simple state and would greatly benefit from comprehensive updating and enhancement throughout. It offers a unique opportunity to tailor the space to your personal tastes. The property enjoys privacy as it is not overlooked, and the outside features a long driveway with ample off-road parking. The garden, while needing some care, holds significant potential with its sheltered spots perfect for outdoor relaxation or entertaining friends and family. The Energy Performance Rating stands at C, and it falls under Council Tax Band A. Investors should note that there may be potential structural issues; however, these have yet to be assessed by a survey. This property represents an opportunity for buyers eager to create their ideal living space while also considering future value appreciation.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -8.7% below area average per sq ft

-8.7%
Potential saving
This Property
£262/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£240
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£241,027
10% above area average per sq ft
Potential ROI
+0.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NR3)

Area prices are falling by -3.1% over the last 12 months
3 year growth: -5.8%
5 year growth: +9.3%
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

Wheeler Road, Norwich, NR3
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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
£756
Based on a loan of £150,000 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.

Stamp Duty Calculator

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