Mill Hill Road, Norwich, NR2 3DR

This spacious Victorian mid-terrace house offers a good overall condition and a flexible layout that could be appealing for investors or families. With five bedrooms and a large open-plan living space on the lower ground floor, it has strong rental potential, particularly as it has previously been let to students. The property does have some areas that require refurbishment, but the current setup as an HMO provides immediate income opportunities, which is a plus in the current market.

However, the asking price of £415,000 is notably above the local average, and when factoring in the estimated renovation costs, the overall investment doesn’t align well with local property values. This could limit the potential for a profitable return, especially if one considers the need for planning permission to convert it back to a single-family home. The current configuration and location in the desirable Heigham Grove area do present opportunities for improvement, but potential buyers should be cautious of the economic implications of this purchase.