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Upper King Street, Norwich NR3

East of England

£900,000

Listed on 28/06/2026

Property details

Bedrooms
9
Type
Land

Description

This Grade II Listed property in Norwich presents a unique renovation opportunity to revitalize an architecturally significant Victorian terrace. Currently utilized as a language school, the building's impressive three-storey structure is ripe for sensitive restoration and adaptation into a mixed-use development. Plans include transforming the ground floor into two self-contained office suites with independent street access, thereby enhancing the commercial viability of the location. Above, there is potential to convert existing accommodations into four thoughtfully designed residential apartments—two spacious two-bedroom units and two generous one-bedroom flats—while ensuring that the original historic elements are respected. Furthermore, the detached three-storey building at the rear holds promise for additional development; options include maintaining it as a single-family home or converting it into two or three studio apartments, pending appropriate planning approval. A key highlight of this renovation project is removing the extensive flat roof structure that currently exists between the main building and its rear counterpart. This alteration would not only improve the visual appeal but also create an inviting landscaped courtyard amenity space, offering future residents valuable outdoor enjoyment in a central urban setting. Overall, this redevelopment initiative aims to secure a sustainable future for this historically significant property while contributing to Norwich's vibrant city landscape.

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Investment analysis

(NR3 area)
Area Average
£285/sq ft
Avg Rent (weekly)
£247
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR3)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -4.5%
5 year growth: +7.9%
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

Upper King Street, Norwich NR3
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,400
Based on a loan of £675,000 over 30 years at 4.45% 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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