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Back Lane, Hethersett, Norwich NR9 - Image 1
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Back Lane, Hethersett, Norwich NR9

East of England

£280,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
850 sqft

Description

This semi-detached property presents an excellent investment opportunity with notable renovation potential both internally and externally. While it requires some modernisation, it boasts a spacious layout suitable for family living and offers the possibility for expansion (subject to planning). Inside, there are three well-proportioned reception rooms, including a dual-aspect sitting room measuring 16 feet, alongside a cozy snug that could be transformed into an open-concept dining area. The ground floor also features a conveniently located family bathroom. Upstairs, three generously sized bedrooms provide ample space and pleasant tree-lined views, creating a peaceful atmosphere. The property benefits from a sizable rear garden framed by mature hedges, ensuring privacy while presenting plenty of scope for landscaping or further development. A tarmac driveway accommodates off-road parking, with the potential to enhance this space over time as needed. Located in Hethersett, a desirable village just south of Norwich with good local amenities and transport links, this home represents a sensible project for those looking to create their ideal family residence.

Investment Analysis

(NR9 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£329/sq ft
Area Average
£315/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£294,712
10% above area average per sq ft
Potential ROI
-7.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR9)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -1.4%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on NR9 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

Back Lane, Hethersett, Norwich NR9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,026
Based on a loan of £210,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE