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5 Murrell's Court, King Street, Norwich, Norfolk, NR1 1LA - Image 1
5 Murrell's Court, King Street, Norwich, Norfolk, NR1 1LA - Image 2
5 Murrell's Court, King Street, Norwich, Norfolk, NR1 1LA - Image 3

5 Murrell's Court, King Street, Norwich, Norfolk, NR1 1LA

East of England

£55,000

Listed on 13/09/2026

The listing

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom second-floor flat is situated within a purpose-built block in the heart of Norwich, offering a prime location just 0.2 miles from the city centre and close to local amenities. While the property is currently vacant, it presents an opportunity for modernization to enhance its appeal. The accommodation includes an entrance hallway, an open-plan reception/kitchen area, a bedroom, and a bathroom/WC. With its proximity to Norwich Railway Station and recreational areas such as Lion Wood and Chapelfield Gardens, this flat is well-positioned for both convenience and leisure. Ideal for investors or those looking to create a comfortable home, this property is ready for a new owner to bring it up to contemporary standards.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

50out of 100
Grade DWeak opportunity

Confidence: LOW

This one-bedroom flat in Norwich presents a budget-friendly opportunity for investors looking to take on a light renovation project. With an asking price of £55,000, it's significantly below the local average sale price of £211,634, making it an attractive option for those willing to modernize the dated interiors. The flat, situated on the second floor of a purpose-built block, features basic fittings in the living spaces, kitchen, and bathroom, all of which are functional but require updating.

Located conveniently near the city centre and local amenities, this property has potential for value enhancement through refurbishment. With renovation costs estimated between £20,000 and £40,000, there is ample scope for improvement, allowing for a personalized touch to the living space while capitalizing on the local property market's dynamics. Overall, while the score reflects a weak opportunity, the combination of a low asking price and the potential for modernisation makes this listing a consideration for the right buyer.

Key opportunities

  • Attractive asking price significantly below local average sale prices.
  • Potential for modernisation to enhance living space and increase property value.
  • Convenient location close to city centre amenities and transport links.

Key risks

  • Dated condition requiring refurbishment throughout.

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Map

Location

5 Murrell's Court, King Street, Norwich, Norfolk, NR1 1LA
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 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.

Tax

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Indicative tax based on the asking price and the options you select.

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