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St Giles Street, Norwich NR2

East of England

£595,000
Listed on 27/03/2026

Property Details

Bedrooms
4
Type
End Terrace
Area
2849 sqft

Description

This substantial 3,000 sq ft C17th townhouse presents a unique opportunity for renovation and investment. Currently featuring a ground floor that operates as a bookshop, the property boasts two sizable street-facing rooms with large windows, enhancing natural light. The entrance hall offers potential to reconfigure living spaces, especially with a separate entrance available for the corner room. The rear section includes an office and storerooms alongside a guest WC, all of which could be repurposed for residential use. The first and second floors house a four-bedroom apartment, complete with a kitchen, dining area, spacious studio, sitting room, and bathroom on the first level. The upper floor features four bedrooms that could benefit from modernization to meet contemporary needs. As a Grade II Listed property located in a conservation area of the historic Norwich Lanes District, this home melds historical charm with immense potential for improvement. Outside, it boasts an impressive 80ft private lawn garden—a perfect canvas for outdoor enhancements. Situated just moments from Norwich's vibrant centre and its rich array of boutiques, restaurants, and cultural landmarks—as well as easy access to transport links—this property is primed for transformation into an exceptional residential space or continued commercial venture.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -35.2% below area average per sq ft

-35.2%
Potential saving
This Property
£209/sq ft
Area Average
£322/sq ft
Avg Rent (weekly)
£327
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,009,586
10% above area average per sq ft
Potential ROI
+47.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by -1.0% over the last 12 months
3 year growth: +7.7%
5 year growth: +8.1%
Investment Disclaimer: Analysis based on NR2 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

St Giles Street, Norwich NR2
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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
£2,107
Based on a loan of £446,250 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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