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Penryn Close, Norwich NR4 - Image 1
Penryn Close, Norwich NR4 - Image 2
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Penryn Close, Norwich NR4

East of England

£325,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1488 sqft

Description

This detached property, located in a quiet cul-de-sac near the UEA campus, occupies a spacious plot and is primed for renovation. With no chain involved, it stands as a significant opportunity for those wishing to modernize and potentially extend the living space. The home features generous accommodation and offers buyers a chance to enhance value while personalizing it to their style. While the interiors are in need of full updating, the solid structure and versatile layout make it appealing for first-time buyers and investors alike, looking for a rewarding project. The surrounding area is well-established with a friendly community vibe, providing convenience to local amenities such as shops, schools, healthcare facilities, and parks. Accessible transport links further enhance its attractiveness as a future family home or rental investment in this sought-after part of Norwich.

Investment Analysis

(NR4 area)

Below Market Value

This property is priced -33.4% below area average per sq ft

-33.4%
Potential saving
This Property
£218/sq ft
Area Average
£328/sq ft
Avg Rent (weekly)
£432
Avg Yield
6.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£537,034
10% above area average per sq ft
Potential ROI
+47.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR4)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -2.1%
5 year growth: +8.8%
Investment Disclaimer: Analysis based on NR4 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

Penryn Close, Norwich NR4
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,151
Based on a loan of £243,750 over 30 years at 3.91% 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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