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Magdalen Road, Norwich NR3 - Image 1
Magdalen Road, Norwich NR3 - Image 2
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Magdalen Road, Norwich NR3

East of England

£230,000
Listed on 17/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

Nestled in the desirable North City area of Norwich, this three-bedroom semi-detached home presents a prime opportunity for renovation and investment. Its location is one of its standout features, positioned just moments away from the bustling city center, which is rich with shops, local eateries, and respected schools. This proximity not only enhances everyday convenience but also adds to the property's long-term appeal in a market known for its steady demand. The property retains many characteristics typical of its period, offering a welcoming entrance hall that leads into a spacious bay-fronted lounge—an ideal canvas for modernization. The separate dining room offers potential for an open-plan living arrangement, while the functional kitchen can be reimagined according to contemporary preferences. Upstairs, you'll find three bedrooms; two generous doubles provide ample space for both family living and guest accommodations. The third bedroom can serve as a home office or children's room. A family bathroom completes the upstairs layout, ready for updates. One notable advantage of this property is its potential for further development, particularly with a loft conversion that can expand the living space significantly, subject to planning permissions. Additionally, the exterior features an elevated front garden accessed by steps and a fully enclosed courtyard garden at the back—perfect for outdoor gatherings or as a private retreat. This home not only offers immediate comfort but also substantial potential for enhancement and value growth through thoughtful renovations. Given its sought-after location and versatile layout, early viewings are advisable for those interested in capitalizing on this promising investment opportunity.

Investment Analysis

(NR3 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
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

Magdalen Road, Norwich NR3
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