2 Bed Detached House, Single Let, Norwich, NR10 4NL, £160,000

The Moor, Reepham, Norwich, NR10 4NL - a year ago

Auction
BTL
ROI: 4%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£169K - £335K
Sold Prices/m²£2.6K/m² - £5.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£200,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£831

Running Costs/mo

£686

Cashflow/mo

£145

Cashflow/yr

£1,738

ROI

4%

Gross Yield

6%

Local Sold Prices

22 sold prices from £169K to £335K, average is £230K. £2.6K/m² to £5.5K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£270K07/230.19 mi37, Richmond Rise, Reepham, Norwich, Norfolk NR10 4LS2
£260K03/210.3 mi16, Crown Meadow, Reepham, Norwich, Norfolk NR10 4SP2
£235K11/200.36 mi18, Ollands Road, Reepham, Norwich, Norfolk NR10 4EJ2
£270K07/230.37 mi12, Ollands Road, Reepham, Norwich, Norfolk NR10 4EJ2
£185K01/230.37 mi78, Ollands Road, Reepham, Norwich, Norfolk NR10 4EJ2
£207.5K04/230.37 mi84, Ollands Road, Reepham, Norwich, Norfolk NR10 4EJ2
£335K05/240.37 mi21, Ollands Road, Reepham, Norwich, Norfolk NR10 4EL2
£255K09/210.4 miThe Little House, Norwich Road, Reepham, Norwich, Norfolk NR10 4JN2
£255K09/210.4 miThe Little House, Norwich Road, Reepham, Norwich, Norfolk NR10 4JN2
£195K07/240.42 mi2, Malthouse Yard, Reepham, Norwich, Norfolk NR10 4NF2
£181K03/210.42 mi12, Malthouse Yard, Reepham, Norwich, Norfolk NR10 4NF2
£186.5K12/230.42 mi8, Malthouse Yard, Reepham, Norwich, Norfolk NR10 4NF2
£315K07/240.44 mi46, Station Road, Reepham, Norwich, Norfolk NR10 4LJ2
£195K10/220.44 mi6, Ollands Road, Reepham, Norwich, Norfolk NR10 4EJ2
£285K06/230.5 mi3, Silver End, Reepham, Norwich, Norfolk NR10 4LH2
£169K01/210.56 mi2, Station Road, Reepham, Norwich, Norfolk NR10 4LF2
£223.5K05/210.58 mi7, Chapel Close, Reepham, Norwich, Norfolk NR10 4QP2
£187.5K10/230.58 mi15, Chapel Close, Reepham, Norwich, Norfolk NR10 4QP2
£231K01/240.58 mi7, Chapel Close, Reepham, Norwich, Norfolk NR10 4QP2
£285K11/220.58 mi4, Chapel Close, Reepham, Norwich, Norfolk NR10 4QP2
£220K12/230.58 mi33, Chapel Close, Reepham, Norwich, Norfolk NR10 4QP2
£229K07/230.71 mi31, Sun Barn Road, Reepham, Norwich, Norfolk NR10 4JY2

Local Rents

6 rents from £800/mo to £1.5K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£80006/240.37 miOllands Road, Reepham, NORWICH2
£87506/240.45 miOllands Road, Reepham2
£1,10006/240.5 miSilver End, Reepham, NORWICH3
£1,50006/240.55 miMarket Place, Reepham, NORWICH4
£85006/240.58 miChapel Close, Reepham, NORWICH2
£1,40012/241.75 miBrandiston Road, Cawston, NORWICH3

Local Area Statistics

Population in NR10

22,761

Population in Norwich

366,887

Town centre distance

11.19 miles away

Nearest school

0.70 miles away

Nearest train station

11.49 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £160,000

March 16, 2025

Listed for £200,000

October 13, 2023

Floor Plans

Description

  • Sale by Modern Auction (T&Cs apply) +

  • Subject to an undisclosed Reserve Price +

  • Buyers fees apply +

  • NO ONWARD CHAIN +

  • End-Terraced Cottage +

  • Lounge with Open Fireplace & Kitchen +

  • 2 Bedrooms +

  • Courtyard Garden & Outbuilding +

SUMMARY
NO ONWARD CHAIN. *Grade 2 Listed*
A FANTASTIC opportunity to acquire a picturesque Cottage, situated on The Moor in the market town of Reepham - arguably the most desirable location on the edge of town! The property offers Lounge, Kitchen, 2 Bedrooms and Bathroom.

DESCRIPTION
This End-Terraced Cottage, is offered with No Onward Chain is Grade 2 Listed and is located in the popular market town of Reepham with its many amenities to include shops, pubs, Post Office and highly regarded schooling through to 6th Form. Reepham lies approximately 15 miles from Norwich City & 19 miles from Cromer on the North Norfolk Coast.

Internally the property enjoys a Lounge with open fireplace, modern Kitchen & fitted Bathroom to the ground floor, while upstairs has 2 Bedrooms. Outside has a Courtyard garden and a useful Outbuilding (now due some repair).

Auctioneer's Comments 
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded. The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack. Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Lounge 13' 3" max x 11' 1" ( 4.04m max x 3.38m )
Modern front door opens into Lounge, feature fireplace with brick surround & pamment hearth, alcove either side of chimney breast, radiator & front aspect double glazed sash window. Door opens to Hall.

Hall 
Door to cottage style staircase, built-in cupboard, opens to Kitchen and door to Bathroom.

Kitchen 11' 8" max narrowing to 7' 4" min x 4' 1" ( 3.56m max narrowing to 2.24m min x 1.24m )
Fitted with base level units, work top over with stainless steel sink & drainer unit and tiling surround. Electric oven with electric hob & cooker hood over and oil fired boiler. Rear aspect double glazed window & single glazed door to Courtyard.

Bathroom 
Suite comprising WC, inset wash basin with unit surround & bath with electric shower over and glass screen. Tiling to walls, heated towel rail & rear aspect single glazed window.

Landing 
Small landing with loft access and doors to Bedrooms.

Bedroom One 13' 1" max x 11' 6" max narrowing to 8' 5" min ( 3.99m max x 3.51m max narrowing to 2.57m min )
Decorated floor boards, radiator & double glazed window with views across field.

Bedroom Two 10' 6" max x 6' 6" ( 3.20m max x 1.98m )
Alcove either side of chimney breast with shelving, radiator & rear aspect double glazed window with rooftop & tree outlook.

Outside 
To the front is a small garden with path to front door & picket fence.

To the rear is a courtyard garden which is enclosed, paved, houses oil tank and has a side access gate.

Outbuilding 6' 9" x 5' ( 2.06m x 1.52m )
Due some repair, this outbuilding is brick & tile built with wash basin & plumbing for washing machine. Access is via the courtyard garden.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Reepham

01603 361267

Next Steps?

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