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Springfield Road, Norwich, NR8

East of England

£300,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Detached
Area
876 sqft

Description

Situated in a tranquil area of Taverham, this detached three-bedroom chalet presents a unique opportunity for those looking to invest in property with renovation potential. The layout spans two levels, offering versatility in how the space can be utilized. A spacious driveway provides ample parking, accompanied by a separate garage, enhancing the property's appeal. Inside, the ground floor features an entrance porch that leads into a central hallway with staircase access to the first floor and convenient storage options. To one side, there's a flexible room that can serve as either a bedroom or second reception area, bathed in natural light from its large window facing the front garden. Opposite is the family bathroom equipped with a three-piece suite. The galley kitchen includes an array of cabinets and space for appliances, presenting an opportunity for modern upgrades. The elongated L-shaped lounge at the rear boasts a cozy fireplace and expansive picture windows overlooking the garden, perfect for creating a welcoming atmosphere. Upstairs reveals two generous double bedrooms with eaves storage, ideal for personalization. Externally, the property features well-maintained gardens; the front is primarily lawned and bordered by low brick walls while the rear offers additional lawn space and two patio areas ideal for outdoor entertaining. Mature raised beds and a wildlife pond add character to the garden. The scope to extend or improve both inside and out makes this property particularly appealing for renovation enthusiasts.

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Investment analysis

(NR8 area)

Above Market Value

This property is priced +11.6% above area average per sq ft

+11.6%
This Property
£342/sq ft
Area Average
£307/sq ft
Avg Rent (weekly)
£256
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£295,632
10% above area average per sq ft
Potential ROI
-13.0%
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
13%
Properties sold annually

Local Market Trend (NR8)

Area prices are stable by -0.9% over the last 12 months
3 year growth: -3.1%
5 year growth: +11.6%
Investment Disclaimer: Analysis based on NR8 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

Springfield Road, Norwich, NR8
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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
£1,133
Based on a loan of £225,000 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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