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Old Palace Road, Norwich

East of England

£230,000

Listed on 29/06/2026

Property details

Bedrooms
3
Type
Terraced
Area
969 sqft

Description

This three-bedroom mid-terrace house offers a substantial opportunity for those looking to invest in a renovation project. While the property is currently in need of modernization throughout, it boasts well-sized accommodation across two levels that can be transformed into an inviting family home or a lucrative rental investment. The ground floor features an entrance hall that leads to a spacious dining area perfect for social gatherings. At the rear, the kitchen includes basic units and grants access to the outdoor space, though it could use a thorough upgrade. The ground floor is completed with a family bathroom fitted with essential amenities. Moving to the upper level, you'll find two generous double bedrooms alongside a smaller single room which presents versatile usage options such as an office or nursery. This property is offered without any chain, making it ideal for first-time buyers eager for a hands-on project or seasoned investors looking to capitalize on its potential. With comprehensive refurbishment and possible reconfiguration (subject to permissions), this is an exceptional chance to add significant value and personalize the home to your lifestyle.

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Investment analysis

(NR2 area)

Below Market Value

This property is priced -26.4% below area average per sq ft

-26.4%
Potential saving
This Property
£237/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£311
Avg Yield
6.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£343,646
10% above area average per sq ft
Potential ROI
+27.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +4.3%
5 year growth: +8.9%
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

Old Palace 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
£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.

Stamp duty calculator

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