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Grove Road, Norwich NR1 - Image 1
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Grove Road, Norwich NR1

East of England

£360,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1496 sqft

Description

This charming three-bedroom mid-terrace home is positioned just a short distance from the City centre and comes with the advantage of No Onward Chain. While it currently requires modernisation, this property features numerous period characteristics that could be revitalised to create a delightful family home. The layout includes an entrance hall with built-in storage leading to a cellar, a cloakroom, cozy lounge, separate dining room, breakfast room, and kitchen. The upper floor comprises three generously sized bedrooms and a bathroom accessed off the central landing. Additional benefits include double glazing, gas central heating, and off-road parking provided by a brickweave driveway. The spacious rear garden offers an unbroken outdoor area for potential landscaping or relaxation. With original features such as sash windows, elegant fireplaces, picture rails, and decorative coving intact, this property stands as a canvas for those eager to inject their personal style while enhancing its innate charm.

Investment Analysis

(NR1 area)

Below Market Value

This property is priced -17.2% below area average per sq ft

-17.2%
Potential saving
This Property
£241/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£252
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£478,129
10% above area average per sq ft
Potential ROI
+21.0%
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
30%
Properties sold annually

Local Market Trend (NR1)

Area prices are stable by -0.6% over the last 12 months
3 year growth: -4.2%
5 year growth: +7.6%
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

Grove Road, Norwich NR1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,298
Based on a loan of £270,000 over 30 years at 4.06% 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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