2 Bed Terraced House, Refurb/BRRR, Norwich, NR10 5AH, £225,000

Aylsham Road, Swanton Abbott, Norwich, Norfolk, NR10 5AH - 2 years ago

Sold STC
Refurb/BRRR
ROI: 1%
~95 m²
+11 photos

ValuationUndervalued

Sold Prices£158K - £350K
Sold Prices/m²£2.1K/m² - £3.2K/m²

 

 

Square Metres

~94.90 m²
Price/m²£2.4K/m²

Value Estimate

£231,750
BMV3%

 

 

End Value (After Refurb)

£233,432

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£12,450

Refurb Costs

£42,613

Bridging Loan Interest

£5,906

Total Cash In

£118,969

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£233,432

Mortgage (After Refinance)

£175,074

Mortgage LTV

75%

Cash Released

£6,324

Cash Left In

£112,645

Equity

£58,358

Rent Range

£725 - £1,595

Rent Estimate

£1,071

Running Costs/mo

£964

Cashflow/mo

£107

Cashflow/yr

£1,288

ROI

1%

Gross Yield

6%

Local Sold Prices

22 sold prices from £158K to £350K, average is £196.5K. £2.1K/m² to £3.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£167K10/201.17 mi64, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JY2
£188K02/241.17 mi57, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JY2
£205K11/221.17 mi54, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JY2
£200K02/231.17 mi65, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JY2
£171K05/211.18 mi142, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LA2
£200K05/241.18 mi139, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LA2
£180K03/231.18 mi143, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LA2
£195K12/221.19 mi141, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LA2
£220K07/231.19 mi126, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JZ2
£160K03/211.19 mi125, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JZ2
£165K03/211.19 mi113, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JZ2
£202.3K09/221.19 mi68, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JZ2
£158K10/201.24 mi12, Hoveton Place, Badersfield, Norwich, Norfolk NR10 5JS2
£198K10/231.26 mi55, Cromes Place, Badersfield, Norwich, Norfolk NR10 5JU2
£165K12/201.26 mi67, Cromes Place, Badersfield, Norwich, Norfolk NR10 5JU2
£190K05/231.26 mi59, Cromes Place, Badersfield, Norwich, Norfolk NR10 5JU2
£200K02/231.3 mi67, Cromes Place, Badersfield, Norwich, Norfolk NR10 5JU2
£175K01/211.31 mi40, Cromes Place, Badersfield, Norwich, Norfolk NR10 5JT2
£280K10/211.38 mi22, Park Avenue, Scottow, Norwich, Norfolk NR10 5BY2
£350K06/241.45 miApple Cottage, Skeyton Corner, Skeyton, Norwich, Norfolk NR10 5AP2
£315K08/231.54 miWillow Cottage, Common Road, Skeyton, Norwich, Norfolk NR10 5BB2
£280K02/231.91 miEbenezer Cottage, Station Road, Worstead, North Walsham, Norfolk NR28 9RX2

Local Rents

9 rents from £725/mo to £1.6K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99503/250.28 mi-2
£1,10003/251.17 mi-3
£85012/241.19 miOrmesby Road, NR102
£82506/241.28 miCromes Place, Badersfield2
£85004/241.34 mi-3
£1,30009/242.4 miDuncan Way, NORTH WALSHAM3
£72506/242.4 miMill Street, Buxton2
£1,59503/252.41 mi-4
£1,40009/242.46 miEwing Road, NORTH WALSHAM4

Local Area Statistics

Population in NR10

22,761

Population in Norwich

366,887

Town centre distance

9.95 miles away

Nearest school

0.50 miles away

Nearest train station

1.94 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £225,000

December 4, 2024

Listed for £275,000

June 6, 2023

Floor Plans

Description

This charming red brick and pantiled linked cottage stands in a plot of approaching a 1/4 acre in the centre of a unspoilt village.
The cottage requires renovation and has much of its original charm and featrures include exposed beams, cottage/pine latch doors, some pamment tiled floors etc.
The cottage comprises; hall, sitting room, dining room, kitchen, shower room. landing/bedroom and 2 further bedrooms.
The 0.23 acre sts, plot has a range of timber built sheds, and garage /workshop.

The cottage occupies an established setting in the centre of sought after North Norfolk village, which has it's own primary school. The Broads capital of Wroxham lies within five miles and market town of North Walsham within three miles. The city of Norwich is within ten miles.

Agents Note; please be aware that the information we have about this property is limited.
If there is any point which is of particular importance to you, please contact the branch and we will be pleased to check with our vendor client for you, especially if you are contemplating travelling some distance to view the property.

Agent Details

Abbotts, Wroxham

01603 361377

Next Steps?

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