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138 Magdalen Road, Norwich, Norfolk, NR3 4BA - Image 1
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138 Magdalen Road, Norwich, Norfolk, NR3 4BA

East of England

£130,000

Listed on 17/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
397 sqft

Description

This mid-terraced house presents a solid opportunity for investors or homeowners looking to create a bespoke living space. Currently vacant and in a state of disrepair, this two-bedroom property requires extensive refurbishment, allowing for complete customization. The layout includes a lounge, dining room, utility room, and kitchen on the ground floor, with two bedrooms and a bathroom off the second bedroom upstairs. Outside, there's a manageable rear garden and a front forecourt. Situated on Magdalen Road, the property benefits from convenient transport links and proximity to local amenities, making it an attractive location for future renters or buyers once renovated. The freehold tenure adds to its appeal as an investment. The Energy Performance Certificate currently rates it as ‘E’, indicating that energy-efficient upgrades could also be beneficial for long-term value enhancement.

Investment Analysis

(NR3 area)

Above Market Value

This property is priced +14.2% above area average per sq ft

+14.2%
This Property
£327/sq ft
Area Average
£287/sq ft
Avg Rent (weekly)
£240
Avg Yield
5.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£125,246
10% above area average per sq ft
Potential ROI
-32.3%
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

138 Magdalen Road, Norwich, Norfolk, NR3 4BA
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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
£491
Based on a loan of £97,500 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.

Stamp Duty Calculator

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