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Magdalen Road, Norwich NR3

East of England

£220,000
Listed on 23/09/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1014 sqft

Description

This semi-detached home on Magdalen Road presents a unique renovation and investment opportunity within a highly regarded area of Norwich. The property features a welcoming entryway that leads to two adaptable reception rooms, offering the flexibility to create inviting living and dining spaces. The charming bay window in the front room allows natural light to fill the space, enhancing its appeal. The kitchen is designed in two sections, providing ample storage solutions and direct access to the garden, which could be transformed into an outdoor retreat with minimal upkeep. On the upper floor, you will find three spacious bedrooms that hold great potential for reconfiguration or modernization, alongside a conveniently located shower room. Externally, the low-maintenance garden suits those who appreciate outdoor space without excessive gardening demands. While some updates are needed throughout the property, this is an excellent chance for buyers to personalize their new home according to their style. Located on Magdalen Road, residents benefit from being part of a vibrant community known for its independent shops, cafés, and restaurants. Local favorites like The Artichoke and The Urban Lounge are just a short stroll away. For nature enthusiasts, Mousehold Heath offers extensive green spaces ideal for leisure activities. Moreover, this home's proximity to supermarkets and robust transport links makes day-to-day living manageable and convenient. A pleasant walk into Norwich city centre exposes residents to a range of shopping, entertainment, and cultural experiences. With reputable schools nearby and an established neighborhood feel, Magdalen Road combines charm with practicality—a promising setting for anyone looking to invest or create their ideal residence.

Investment Analysis

(NR3 area)

Below Market Value

This property is priced -21.3% below area average per sq ft

-21.3%
Potential saving
This Property
£217/sq ft
Area Average
£276/sq ft
Avg Rent (weekly)
£232
Avg Yield
5.5%

Renovation Potential

Est. Renovation Cost
£22,000 - £55,000
10-25% of property value
Target Value
£307,516
10% above area average per sq ft
Potential ROI
+11.8%
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

Magdalen Road, Norwich NR3
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