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Millcroft, Norwich NR3

East of England

£210,000
Listed on 18/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
818 sqft

Description

This 3-bedroom end-of-terrace house presents a unique opportunity for those seeking a property with inherent value and renovation potential. Nestled in a quiet yet central area, this home offers both privacy and accessibility, making it an appealing option for first-time buyers and investors alike. The interior features a newly updated bathroom that adds modern flair, while the versatile outdoor spaces include a practical brick-built workshop that can easily be adapted for various uses—be it additional storage, a creative studio, or even a home office. The layout of the home provides spacious living areas with ample natural light streaming through large windows, creating an inviting atmosphere. Upon entering, you’ll find the convenient downstairs WC off the hallway and a generous living room straight ahead that connects to the garden, providing an ideal setting for outdoor relaxation or entertaining. The kitchen is designed with functionality in mind, offering plenty of counter space and storage with built-in cupboards. On the first floor, the landing leads to the three bedrooms, including a master suite with sliding door wardrobes that maximize space. The two additional bedrooms also feature built-in storage and are conveniently located near the refreshed bathroom equipped with modern fixtures. Outside, multiple garden areas provide opportunities for personalization or landscaping enhancements. The standout feature is undoubtedly the workshop in the backyard; with electrical connections already in place, it opens up endless possibilities for hobbies or side projects. Located within a well-established residential neighborhood in Millcroft, Norwich, this property benefits from strong local amenities. Schools are nearby, making it suitable for families as well as access to parks and green spaces for leisure activities. Convenient transport links facilitate easy travel across Norwich and beyond. Local shops, cafes, and supermarkets are just minutes away on foot—ensuring everyday essentials are readily accessible. With options for extension and customization available, this property invites buyers to envision their dream home while potentially increasing its market value through thoughtful renovations. Ideal for those looking to invest or make their mark on a home in a desirable location—this residence truly has great potential waiting to be unlocked.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -6.9% below area average per sq ft

-6.9%
Potential saving
This Property
£257/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£21,000 - £52,500
10-25% of property value
Target Value
£248,075
10% above area average per sq ft
Potential ROI
-5.5%
After renovation
Monthly Sales
39
Average per month
Market Turnover
76%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 1.5%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on NR3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Millcroft, Norwich NR3
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