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Rye Close, Norwich

East of England

£150,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
753 sqft

Description

This three-bedroom semi-detached house presents a unique opportunity for buyers interested in renovation and investment, located in a well-established area of Norwich. The property's current state calls for a thorough modernization process, which allows buyers to significantly enhance its value and customize the living spaces according to their preferences. It features three bedrooms, a spacious living room, kitchen, and bathroom, all of which can be reconfigured or extended with the appropriate permissions. The extensive rear garden complements the property and offers ample space for outdoor activities or even future development possibilities. Additionally, included is an extra piece of land accessible from the rear that further expands the potential uses of this site. Situated just a short distance from Norwich city centre, residents will enjoy convenient access to numerous amenities such as schools, shops, parks, and transport links. This property serves as an ideal project for developers looking to create desirable housing or investors aiming for strong rental returns. With its prime location and renovation potential, early interest is anticipated for this auction-listed home.

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Investment analysis

(NR3 area)

Below Market Value

This property is priced -30.0% below area average per sq ft

-30.0%
Potential saving
This Property
£199/sq ft
Area Average
£285/sq ft
Avg Rent (weekly)
£247
Avg Yield
5.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£235,651
10% above area average per sq ft
Potential ROI
+7.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -4.5%
5 year growth: +7.9%
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

Rye Close, 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
£567
Based on a loan of £112,500 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

Next Steps

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