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Spencer Street, Norwich NR3 - Image 1
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Spencer Street, Norwich NR3

East of England

£225,000
Listed on 20/01/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace house presents a unique opportunity for renovation enthusiasts and investors alike. Situated in a desirable part of Norwich, the property boasts approximately 82.9 square metres of versatile living space, accompanied by front and rear gardens that are ripe for enhancement. A modest yet inviting front garden provides curb appeal, while the private rear garden offers an excellent canvas for outdoor development or personal gardening projects. Stepping inside, the home greets you with a naturally bright living area that enjoys ample sunlight through large windows. This room’s flexible layout allows for various configurations—ideal for both family gatherings and peaceful relaxation. For those with an eye for modern design, there is substantial potential to update it with contemporary finishes or create an open-plan living environment. The kitchen, linking to the dining area, is practical and well-sized. While currently functional as-is, its neutral decor creates a blank slate for renovations that could elevate its style and efficiency. The immediate access to the rear garden enhances this space's utility, making it perfect for entertaining during warmer months. The ground-floor bathroom includes essential amenities but could benefit from a modern overhaul to meet contemporary preferences. Upstairs, three well-proportioned bedrooms provide additional opportunities for personalization or upgrades—all filled with natural light that enhances their charm. With permit parking available for two vehicles on the street and located within proximity to Norwich’s vibrant cultural scene and excellent transport links, this property merges convenience with significant investment potential. It stands as a prominent option not just as a home but as an avenue to enhance value through thoughtful renovations.

Investment Analysis

(NR3 area)
Area Average
£282/sq ft
Avg Rent (weekly)
£250
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -2.5%
5 year growth: +14.7%
Investment Disclaimer: Analysis based on NR3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Spencer Street, Norwich NR3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£811
Based on a loan of £168,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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