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Bakers Road, Norwich NR3

East of England

£250,000
Listed on 09/08/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
689 sqft

Description

This two-bedroom terrace home presents a unique opportunity for renovation and investment in a desirable area of Norwich. The property features a charming façade bordered by lavender, creating an inviting entrance while providing views over the city’s historic wall. Recently fitted with a new roof, the home offers immediate peace of mind regarding structural concerns. Inside, you’ll discover a comfortable sitting room that showcases an original fireplace, adding character to the space. Adjacent is the dining area, which flows into a practical galley kitchen that opens onto a private courtyard garden—ideal for enjoying warm summer evenings outdoors. The layout is functional, with a small lobby connecting the kitchen to a ground-floor bathroom for added convenience. Upstairs, two well-sized bedrooms are available, one featuring an adjoining shower room. This design allows for flexible living arrangements—whether it be accommodating guests or creating a tranquil personal retreat. Notably, existing stairs lead up to the loft space, which holds significant potential for conversion. Many properties in the vicinity have successfully undertaken such projects, making this an attractive prospect for those looking to expand their living space (subject to planning permission). The location itself enhances investment value. Situated on a quiet no-through road just minutes from Norwich Market and its eclectic range of shops and cafés, residents will appreciate easy access to vibrant local amenities. Green spaces such as Heigham Park and Waterloo Park are also within walking distance, providing areas for outdoor recreation and relaxation. With excellent transport links nearby—including bus routes and Norwich railway station less than two miles away—this property strikes an appealing balance between peaceful residential living and urban accessibility. Whether you’re considering it as your next home or as an investment project with significant renovation potential, this property on Bakers Road offers both character and opportunity in one of Norwich’s thriving communities.

Investment Analysis

(NR3 area)

Above Market Value

This property is priced +29.5% above area average per sq ft

+29.5%
This Property
£363/sq ft
Area Average
£280/sq ft
Avg Rent (weekly)
£235
Avg Yield
5.6%

Renovation Potential

Est. Renovation Cost
£25,000 - £62,500
10-25% of property value
Target Value
£212,401
10% above area average per sq ft
Potential ROI
-32.0%
After renovation
Monthly Sales
28
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NR3)

Area prices are rising by +2.6% over the last 12 months
3 year growth: 1.2%
5 year growth: 18.4%
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

Bakers Road, Norwich NR3
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