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Lower Clarence Road, Norwich

East of England

£375,000

Listed on 23/06/2026

Property Details

Bedrooms
4
Type
End Of Terrace
Area
1851 sqft

Description

This Victorian end of terrace property presents a compelling opportunity for investors or those looking to revamp a multi-unit investment. Comprising four self-contained flats—two at ground level, including a one-bedroom flat and a studio, plus two one-bedroom flats on the upper floors—the building is currently generating income with three units tenanted. The ground floor flat features access to a private rear garden, enhancing its appeal. With gas central heating and double glazing fitted throughout, there is a solid structural foundation in place; however, Flat 4 will soon be vacant, offering the new owner the chance to modernize this unit before re-letting it. Additionally, the property holds potential for further development or enhancement that could significantly elevate both rental yields and overall capital value (subject to necessary planning permissions). Situated conveniently near transport links and local amenities in Norwich, this character-rich Victorian property not only offers immediate rental income but also exciting possibilities for future growth—whether through continued rental investment or reverting it back into a spacious family home.

Investment Analysis

(NR1 area)

Below Market Value

This property is priced -29.6% below area average per sq ft

-29.6%
Potential saving
This Property
£203/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£260
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£586,091
10% above area average per sq ft
Potential ROI
+37.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NR1)

Area prices are falling by -5.6% over the last 12 months
3 year growth: -6.0%
5 year growth: -0.3%
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

Lower Clarence Road, 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
£1,417
Based on a loan of £281,250 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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