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Theobald Road, Norwich, Norfolk NR1 - Image 1
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Theobald Road, Norwich, Norfolk NR1

East of England

£185,000

Listed on 09/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1019 sqft

Description

This three-bedroom semi-detached house in the desirable NR1 area offers a blank canvas for those seeking a renovation project. With substantial potential to transform into a modern family residence or an investment property, this home is well-suited for both investors and DIY enthusiasts alike. The interior features a generously sized reception area, a combined kitchen/diner, a ground-floor WC, and the convenience of a utility room. On the upper level, you will find three adequately sized bedrooms along with a family bathroom. The exterior boasts an ample plot, providing excellent opportunities to redesign the garden and outdoor spaces according to personal tastes. Given the promising location and significant scope for improvement, this property is bound to capture attention from those ready to invest in its future.

Investment Analysis

(NR1 area)

Below Market Value

This property is priced -37.2% below area average per sq ft

-37.2%
Potential saving
This Property
£182/sq ft
Area Average
£289/sq ft
Avg Rent (weekly)
£252
Avg Yield
6.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£324,276
10% above area average per sq ft
Potential ROI
+17.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR1)

Area prices are falling by -4.8% over the last 12 months
3 year growth: -5.8%
5 year growth: +1.5%
Investment Disclaimer: Analysis based on NR1 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

Theobald Road, Norwich, Norfolk NR1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£660
Based on a loan of £138,750 over 30 years at 3.97% 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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