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Thor Close, Norwich NR7 - Image 1
Thor Close, Norwich NR7 - Image 2
Thor Close, Norwich NR7 - Image 3

Thor Close, Norwich NR7

East of England

£230,000
Listed on 13/09/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This 2-bedroom, 1-bathroom bungalow presents a unique opportunity for renovation enthusiasts and investors alike. The property features a generous living room that offers ample space for reconfiguration, alongside a kitchen that awaits modern updates. Both bedrooms are inviting and provide a blank canvas for personalization. The family bathroom is functional but could benefit from contemporary enhancements. Externally, the bungalow boasts front and rear gardens, complemented by a driveway that adds convenience. The spacious rear garden not only provides room for outdoor enjoyment but also offers significant potential for expansion or even the possibility of developing an additional plot, as seen in neighboring properties. Situated in Norwich, this home is within reach of numerous local amenities, including a vibrant selection of restaurants, cafés, shops, and educational institutions. The city’s rich cultural landscape features historic cathedrals and picturesque riverside walks—offering both charm and accessibility to city life. With reliable transport links and essential services nearby, this location is highly desirable for families and professionals alike. This property is particularly appealing to first-time buyers seeking a rewarding project or investors looking to capitalize on its transformative potential. With renovations planned next door showcasing successful extensions, there is clear inspiration on how to maximize value here as well. Given its strategic positioning below market value, early viewings are encouraged to seize this promising investment opportunity in a thriving community. Please note: The council tax band for this property is B.

Investment Analysis

(NR7 area)
Area Average
£314/sq ft
Avg Rent (weekly)
£252
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
Monthly Sales
34
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (NR7)

Area prices are rising by +11.0% over the last 12 months
3 year growth: 0.3%
5 year growth: 21.2%
Investment Disclaimer: Analysis based on NR7 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

Thor Close, Norwich NR7
Map showing location of Thor Close, Norwich NR7
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