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Norwich Road, Watton

East of England

£220,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
1141 sqft

Description

This mid-terrace period property presents a solid opportunity for renovation, ideally situated close to the town centre of Watton. With a total of three bedrooms and two reception rooms, the layout offers considerable space that can be enhanced to meet modern living standards. Key features include gardens at both the front and rear, as well as gas central heating, providing a good foundation for upgrades. The kitchen and bathroom may require modernization, making it an excellent project for those looking to add value through refurbishment. The surrounding area boasts various amenities including supermarkets and traditional markets, which adds appeal for potential renters or buyers post-renovation.

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Investment analysis

(IP25 area)

Below Market Value

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

-26.4%
Potential saving
This Property
£193/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£328,773
10% above area average per sq ft
Potential ROI
+28.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by -4.4% over the last 12 months
3 year growth: -6.0%
5 year growth: +6.0%
Investment Disclaimer: Analysis based on IP25 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

Norwich Road, Watton
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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
£831
Based on a loan of £165,000 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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