3 Bed Terraced House, Refurb/BRRR, Norwich, NR5 8TG, £180,000

Beecheno Road, Norwich, NR5 8TG - 14 views - a year ago

Sold STC
Refurb/BRRR
ROI: 7%
~66 m²
+6 photos

ValuationFair Value

Sold Prices£123.1K - £425K
Sold Prices/m²£1.5K/m² - £4.6K/m²

 

 

Square Metres

~65.50 m²
Price/m²£2.7K/m²

Value Estimate

£179,563

 

 

End Value (After Refurb)

£173,984

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Refurb Costs

£29,581

Bridging Loan Interest

£4,725

Total Cash In

£87,656

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£173,984

Mortgage (After Refinance)

£130,488

Mortgage LTV

75%

Cash Left In

£87,656

Equity

£43,496

Rent Range

£950 - £1,600

Rent Estimate

£1,314

Running Costs/mo

£827

Cashflow/mo

£487

Cashflow/yr

£5,850

ROI

7%

Gross Yield

9%

Local Sold Prices

50 sold prices from £123.1K to £425K, average is £229K. £1.5K/m² to £4.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£235K08/230.04 mi90, Beecheno Road, Norwich, Norfolk NR5 8TQ3
£200K04/210.05 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£205K11/230.05 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£310K11/210.09 mi654, Dereham Road, Norwich, Norfolk NR5 0SZ3
£295K03/240.1 mi580, Dereham Road, Norwich, Norfolk NR5 8TE3
£204K08/230.12 mi8, Skoner Road, Norwich, Norfolk NR5 9AX3
£180K03/230.12 mi34, Jamieson Place, Norwich, Norfolk NR5 8YY3
£200K03/240.12 mi18, Jamieson Place, Norwich, Norfolk NR5 8YY3
£162.5K06/210.16 mi32, Stevenson Road, Norwich, Norfolk NR5 8TT3
£184.3K06/210.17 mi42, Holworthy Road, Norwich, Norfolk NR5 9DG3
£235K03/230.17 mi182, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£280K11/220.17 mi168, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£172K01/210.17 mi7, Holworthy Road, Norwich, Norfolk NR5 9DG3
£245K05/230.17 mi53, Holworthy Road, Norwich, Norfolk NR5 9DG3
£232K03/230.17 mi57, Holworthy Road, Norwich, Norfolk NR5 9DG3
£220K09/210.17 mi45, Holworthy Road, Norwich, Norfolk NR5 9DG3
£213K11/220.17 mi70, Holworthy Road, Norwich, Norfolk NR5 9DG3
£185K02/240.18 mi21, Jamieson Place, Norwich, Norfolk NR5 8YZ3
£185K04/240.18 mi41, Jamieson Place, Norwich, Norfolk NR5 8YZ3
£227.5K02/240.18 mi79, Stevenson Road, Norwich, Norfolk NR5 8TS3
£245K10/220.18 mi2, Beecheno Road, Norwich, Norfolk NR5 8TJ3
£150K03/210.18 mi3, Randle Green, Norwich, Norfolk NR5 8YL3
£195K12/200.19 mi10, Lushington Close, Norwich, Norfolk NR5 9AU3
£172K02/210.19 mi4, Lushington Close, Norwich, Norfolk NR5 9AU3
£228K03/230.19 mi5, Webster Close, Norwich, Norfolk NR5 9DF3
£215K09/230.19 mi28, Webster Close, Norwich, Norfolk NR5 9DF3
£188K11/220.19 mi19, Randle Green, Norwich, Norfolk NR5 8YL3
£362.5K10/230.21 mi88, Norwich Road, Norwich, Norfolk NR5 0EG3
£295K09/210.22 mi161, Earlham Green Lane, Norwich, Norfolk NR5 8RG3
£425K03/210.23 mi1a, Autumn Drive, Norwich, Norfolk NR5 0EE3
£237K03/230.24 mi4, Fitzhenry Mews, Norwich, Norfolk NR5 9BH3
£175K09/200.25 mi8, Drury Close, Norwich, Norfolk NR5 9DD3
£123.1K11/200.25 mi130, Knowland Grove, Norwich, Norfolk NR5 8YA3
£158.5K12/200.25 mi124, Knowland Grove, Norwich, Norfolk NR5 8YA3
£270K04/210.25 mi56, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SY3
£298K01/230.25 mi48, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SY3
£240K06/230.25 mi25, Larkman Lane, Norwich, Norfolk NR5 8TZ3
£290K12/220.26 mi16, Oval Avenue, Norwich, Norfolk NR5 0DP3
£270K11/230.26 mi39, Larkman Lane, Norwich, Norfolk NR5 8TY3
£230K01/240.26 mi42, Larkman Lane, Norwich, Norfolk NR5 8TY3
£258K08/230.27 mi9, Mayes Close, Norwich, Norfolk NR5 9AR3
£170K06/210.28 mi49, Bates Green, Norwich, Norfolk NR5 8YW3
£210K02/230.28 mi22, Toftes Place, Norwich, Norfolk NR5 9DA3
£185K02/210.3 mi5, Cotterall Court, Norwich, Norfolk NR5 9AZ3
£310K08/230.32 mi18, Gurney Close, Norwich, Norfolk NR5 0HB3
£240K07/210.33 mi35, Sunny Close, Norwich, Norfolk NR5 0ET3
£325K02/230.34 mi8, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£240K10/220.34 mi9, Morris Close, Norwich, Norfolk NR5 9DQ3
£255K12/230.34 mi8, Oval Road, Norwich, Norfolk NR5 0DE3
£280K11/230.34 mi9, Oval Road, Norwich, Norfolk NR5 0DE3

Local Rents

29 rents from £950/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£95006/240.05 miBeecheno Road, NORWICH3
£1,30012/240.09 miNorwich Road, Norwich3
£1,45006/240.1 miDereham Road, Norwich, NR53
£1,10012/240.12 mi-3
£1,60012/240.15 miLushington Close, Norwich3
£1,05006/240.15 miGilbard Road, Norwich3
£1,27512/240.16 miGilbard Road, NR5 8TR3
£1,10006/240.16 miNorwich, NR53
£1,15012/240.17 mi-3
£1,30012/240.25 miKnowland Grove, NORWICH3
£1,35012/240.26 mi-3
£1,40001/250.26 mi-3
£1,28002/250.26 mi-3
£1,30012/240.35 miShepherd Purse Way, NORWICH3
£1,50012/240.41 mi-3
£1,50006/240.45 miKerville Street, NR5 9BG3
£1,19502/250.46 mi-3
£1,25012/240.46 mi-3
£1,40012/240.46 miNotridge Road, Norwich, NR53
£1,50012/240.46 miMotum Road, Norwich3
£1,35005/230.51 mi-3
£1,49501/240.51 mi-3
£1,15012/240.54 miCadge Close, Norwich3
£1,20006/240.57 miBevan Close, Norwich3
£1,32506/240.58 miOlive Road, Norwich3
£1,29006/240.59 mi-3
£1,38012/240.59 mi-3
£1,30008/240.61 mi-3
£1,39502/250.61 mi-3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.38 miles away

Nearest school

0.30 miles away

Nearest train station

3.14 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £180,000

October 26, 2023

Floor Plans

Description

  • Generous Off Road Parking +
  • Spacious Lounge +
  • End Terrace +
  • Off Main Road +
  • Three Bedrooms +
  • Close to Norfolk and Norwich University Hospital and University of East Anglia +

Introducing this promising property in Norwich, NR5, ideally situated close to the Norfolk and Norwich University Hospital and the University of East Anglia. Nestled just off a convenient main road, this residence offers an exciting opportunity for both buy-to-let investors and first-time buyers.

Upon arrival, you'll be pleased to find ample off-road parking to the front, ensuring convenience and accessibility. To the rear, a charming sitting area awaits, perfect for relaxing and enjoying the outdoors. While this property requires some renovation, it boasts great potential.

The spacious lounge area provides ample room for comfortable living, and upstairs, you'll discover generously sized bedrooms, offering great accommodation options.

Don't miss out on the chance to make this property your own and unlock its hidden charm. Explore the possibilities and envision the future that awaits in this well-located Norwich gem.

Agent Details

haart, Norwich

01603 937768

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪