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23 Cyprus Street, Norwich, Norfolk NR1 3AX - Image 1
23 Cyprus Street, Norwich, Norfolk NR1 3AX - Image 2
23 Cyprus Street, Norwich, Norfolk NR1 3AX - Image 3
23 Cyprus Street, Norwich, Norfolk NR1 3AX - Image 4
23 Cyprus Street, Norwich, Norfolk NR1 3AX - Image 5
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23 Cyprus Street, Norwich, Norfolk NR1 3AX

East of England

£160,000Guide Price

Listed on 10/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
666 sqft

Description

This two-bedroom terrace house in a sought-after location offers significant potential for renovation and investment. Currently vacant, this property was previously rented out and is now in need of minor updates including redecoration and some modernisation. On the ground floor, you will find two reception rooms that can be transformed into a more open-plan living space, alongside a kitchen that could benefit from a refresh. The first floor houses two double bedrooms and a bathroom located off the second bedroom, allowing for some reconfiguration options. Outside, there is a small front garden and an enclosed rear garden featuring a brick storage area, providing opportunities for landscaping or outdoor use. Situated within walking distance of the City Centre and close to local amenities such as shops and schools, this property presents an ideal opportunity for either owner-occupation or as a rental investment. Viewings are available by appointment only.

Investment analysis

(NR1 area)

Below Market Value

This property is priced -16.0% below area average per sq ft

-16.0%
Potential saving
This Property
£240/sq ft
Area Average
£286/sq ft
Avg Rent (weekly)
£267
Avg Yield
6.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£6,000 - £10,000
Target Value
£209,487
10% above area average per sq ft
Potential ROI
+23.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR1)

Area prices are falling by -6.4% over the last 12 months
3 year growth: -6.6%
5 year growth: -0.9%
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

23 Cyprus Street, Norwich, Norfolk NR1 3AX
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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
£604
Based on a loan of £120,000 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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