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Cowgate, Norwich NR3

East of England

£500,000

Listed on 16/05/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This site presents an exceptional investment opportunity in Norwich, boasting full planning permission for the development of 15 residential units. The approved plans include 11 one-bedroom and 4 two-bedroom apartments strategically positioned across four floors, alongside dedicated amenities such as a courtyard, bicycle storage, and a waste management area at the rear. Currently housing a two-storey former pub with residential space above, the property is primed for demolition as outlined in the planning consent issued by Norwich City Council. The site spans approximately 0.12 acres (0.05 hectares) and is held under freehold, making it an attractive option for developers looking to tap into the ongoing urban regeneration of the NR3 area near Anglia Square. The location benefits from Norwich's rich historical backdrop and proximity to key landmarks, including the Cathedral and Castle Museum. It’s also conveniently located within walking distance of public transport links, enhancing its appeal for future residents. Prospective buyers should note that all necessary nutrient credits will be acquired prior to exchange of contracts, eliminating additional costs associated with S106 payments. With technical reports and planning documents available upon request, this site is ready for those aiming to make their mark on Norwich's evolving landscape.

Investment Analysis

(NR3 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£246
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£900,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by -2.0% over the last 12 months
3 year growth: -5.2%
5 year growth: +11.7%
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

Cowgate, Norwich NR3
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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
£1,784
Based on a loan of £375,000 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

This calculation uses non-residential (land/commercial) tax rates.

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