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Muriel Road, Norwich NR2

East of England

£240,000
Listed on 08/05/2026

Property Details

Bedrooms
2
Type
Terraced
Area
905 sqft

Description

Nestled in the popular NR2 region of Norwich, this two-bedroom mid-terrace residence represents a promising opportunity for buyers eager to invest in a property that offers significant scope for personalization. With no onward chain, this home simplifies the purchasing process and invites creative renovation ideas throughout its spacious interiors. The layout features versatile rooms, including a bright main lounge and a separate dining area that can adapt to different living needs. The fitted kitchen, while functional, presents options for modern upgrades and leads to a conservatory with views over the expansive rear garden—a canvas for outdoor enhancement. Upstairs, you’ll find two well-sized double bedrooms with possible built-in storage solutions, served by a family bathroom ripe for re-imagination. The generous garden space enhances this property’s appeal, providing ample opportunity for landscaping or creating an inviting retreat. Ideal for first-time buyers or investors seeking a rewarding renovation project in a desirable location close to local amenities and transport links.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -18.9% below area average per sq ft

-18.9%
Potential saving
This Property
£265/sq ft
Area Average
£327/sq ft
Avg Rent (weekly)
£314
Avg Yield
6.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£325,479
10% above area average per sq ft
Potential ROI
+22.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NR2)

Area prices are falling by -3.3% over the last 12 months
3 year growth: +4.6%
5 year growth: +8.4%
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

Muriel Road, Norwich NR2
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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
£856
Based on a loan of £180,000 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.

Stamp Duty Calculator

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