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Spinney Road, Norwich, Norfolk

East of England

£220,000

Listed on 16/07/2026

Property details

Bedrooms
2
Type
Semi Detached Bungalow
Area
495 sqft

Description

This two-bedroom semi-detached bungalow in the desirable suburb of Thorpe St. Andrew presents an excellent opportunity for those seeking a renovation project or a first home with significant potential. The entrance hall leads into two spacious bedrooms, while the living area flows into a functional kitchen and utility space, supplemented by a shower room. The property's rear features a generous garden that serves as a blank canvas, ideal for future extensions subject to planning permission. Additionally, off-road parking enhances its practicality. Located just east of Norwich city centre, this property benefits from convenient transport links and local amenities, including shops and parks, making it appealing for families and individuals alike. With some investment in refurbishment, this home could be transformed into a comfortable residence that reflects modern living standards.

Investment analysis

(NR7 area)

Above Market Value

This property is priced +41.7% above area average per sq ft

+41.7%
This Property
£444/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£274
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£170,728
10% above area average per sq ft
Potential ROI
-31.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NR7)

Area prices are stable by +2.0% over the last 12 months
3 year growth: -0.6%
5 year growth: +15.2%
Investment Disclaimer: Analysis based on NR7 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

Spinney Road, Norwich, Norfolk
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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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