Creating Property Opportunities in Norwich Norfolk

Buy-To-Let Opportunity in North Norwich​

Project No: 1001

Probate property secured at 205k in very desireable area of Norwich, with the golden triangle, an area formed due to its close proximity to the University, the city centre and the Norfolk and Norwich Hospital. The property is current laid out as a 2 bed 2 bath terraced house, but a simople conversion would increase this to a 3 bed 2 bath. The property is currently uninhabitable so a full interior renovation would be required, creating a new fresh 3 bed property to this area.​

PROJECT ROI

15%

PROJECT ROI

15%

ROCE:

30.20%

INVESTMENT LENGTH

8 Months

CASH REQ

106K

Financial Breakdown

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These Figuresa are estimations based on current facts and figures available

We strive to ensure that all figures, budgets, and timelines are as accurate as possible based on current market conditions. However, markets can change unexpectedly, and adjustments may be necessary. Rest assured, we will always work to meet our estimates and keep you informed every step of the way. Any changes will be communicated promptly and discussed in detail to ensure full transparency.

Development Opportunity

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Renovation Plans - Budget £35,000

Existing Floor Plan

Proposed Floor Plan

Compariables - Sold & Rental Prices

Address

Sold Price

Date

94 Caernarvon Road, Norwich, NR2 3HY - 3 bed converted

£310,000

March 2024

52 Caernarvon Road, Norwich, NR2 3HX - 2 bed 2 bath

£246,000

July 2023

8, Caernarvon Road, Norwich, Norfolk NR2 3HX - 2 bed 2 bath

£293,000

Oct 2022

36 Wellington Road, Norwich, NR2 3HT - 2 bed 1 bath

£307,000

March 2023

39 Havelock Road, Norwich, NR2 3HQ- 2 bed 1 bath

£347,000

Oct 2023

Address

Rental Price

Date

3 bedroom terraced house to rent in College Road, Norwich

£310,000

March 2024

3 bed terraced house to rent Alexandra Road, Norwich NR2

£1295 pcm

AUGUST 2024

3 bed terraced house to rent - College Road, Norwich NR2

£1600 pcm

AUGUST 2024

3 bed terraced house to rent - Highland Road, Norwich NR2

£1400 pcm

AUGUST 2024

2 Bed Newmarket Street, Norwich

£1250 pcm

AUGUST 2024

Transport & Location

The area around 77 Caernarvon Road, NR2 3HY in Norwich is well-connected by various transport links, making it convenient for both local and regional travel. Located in the NR2 area, the property benefits from proximity to major roads like the A11 and A140, providing easy access to the city center and surrounding regions. Norwich city center is just a short drive or bus ride away, with regular bus services running through nearby Dereham Road and Earlham Road, linking this residential area to key destinations across the city, including the University of East Anglia and Norwich railway station.

Norwich railway station, located approximately 2 miles from Caernarvon Road, offers regular train services to London Liverpool Street, Cambridge, and other major cities, providing excellent regional connectivity.

For local travel, the area’s established bus routes are efficient and reliable, connecting residents to shopping centers, schools, and recreational areas.

Cycling is also a popular mode of transport, with dedicated bike lanes and quiet residential streets enhancing the appeal for those commuting by bicycle. Additionally, the area is close to green spaces like Eaton Park, making it accessible for walking and leisure.

Frequently Asked Questions (FAQs)

The expected rental value for this property is between £1400 - £1600 per calendar month.

The current energy efficiency rating is E, with the potential to reach B after planned renovations.

The property is Freehold.

The investment timeframe is estimated to be 8 months, including renovation and selling periods.

The estimated renovation budget is £35,000.

You can arrange a viewing by contacting our team via email or phone. Click the "Contact Us Now" button in the Call to Action section to get in touch.

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