3 Bed Terraced House, Single Let, Norwich, NR1 1XR, £350,000

Leasehold

BTL

~93 m²

+7 photos

ValuationOvervalued

Sold Prices	£140K - £430K
Sold Prices/m²	£1.9K/m² - £4.7K/m²

Square Metres	~93 m²
Price/m²	£3.8K/m²
Value Estimate	£274,031£274,031

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£87,500£87,500
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£104,200£104,200

Cash Out
Rent Range	£995 - £2,500£995 - £2,500
Rent Estimate	£996
Running Costs/mo	£1,313£1,313
Cashflow/mo	£-317£-317
Cashflow/yr	£-3,803£-3,803
Gross Yield	3%3%

Local Sold Prices

50 sold prices from £140K to £430K, average is £241.3K. £1.9K/m² to £4.7K/m², average is £2.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£390K	12/21	0.02 mi	37, Wherry Road, Norwich, Norfolk NR1 1WS	£3,391	115	3	Terraced House
£380K	02/21	0.02 mi	40, Wherry Road, Norwich, Norfolk NR1 1WS	£3,016	126	3	Terraced House
£210K	03/21	0.15 mi	4, Argyle Street, Norwich, Norfolk NR1 2DA	£2,714	77	3	Terraced House
£340K	04/23	0.2 mi	7, St Julians Alley, Norwich, Norfolk NR1 1QD	£4,688	73	3	Terraced House
£325K	06/21	0.2 mi	7, St Julians Alley, Norwich, Norfolk NR1 1QD	£4,482	73	3	Terraced House
£230K	01/23	0.21 mi	5, Alan Road, Norwich, Norfolk NR1 2BX	-	-	3	Semi-Detached House
£250K	12/20	0.23 mi	288, King Street, Norwich, Norfolk NR1 2BL	£3,049	82	3	Semi-Detached House
£220K	08/23	0.23 mi	278, King Street, Norwich, Norfolk NR1 2BL	£2,391	92	3	Terraced House
£284K	01/24	0.23 mi	288, King Street, Norwich, Norfolk NR1 2BL	£3,463	82	3	Semi-Detached House
£280K	10/23	0.29 mi	31, City Road, Norwich, Norfolk NR1 3AJ	£2,964	94	3	Semi-Detached House
£285K	10/23	0.29 mi	71, Carrow Road, Norwich, Norfolk NR1 1HS	£2,545	112	3	Terraced House
£228K	12/23	0.29 mi	43, Carrow Road, Norwich, Norfolk NR1 1HS	£2,961	77	3	Terraced House
£232.5K	07/21	0.29 mi	69, Carrow Road, Norwich, Norfolk NR1 1HS	£3,019	77	3	Terraced House
£140K	10/20	0.3 mi	6, Kensington Place, Norwich, Norfolk NR1 3JE	£1,918	73	3	Terraced House
£430K	01/21	0.31 mi	8, Old Library Mews, Norwich, Norfolk NR1 1ET	-	-	3	Semi-Detached House
£307K	03/21	0.31 mi	3, Aspland Road, Norwich, Norfolk NR1 1SH	£3,070	100	3	Terraced House
£222.5K	02/23	0.33 mi	16, Doman Road, Norwich, Norfolk NR1 3AW	£2,649	84	3	Terraced House
£265K	11/22	0.34 mi	19, Kerrison Road, Norwich, Norfolk NR1 1JB	£3,472	76	3	Semi-Detached House
£285K	11/22	0.34 mi	11, Kerrison Road, Norwich, Norfolk NR1 1JB	£4,062	70	3	Semi-Detached House
£272K	12/22	0.34 mi	45, Cozens Road, Norwich, Norfolk NR1 1JJ	£3,118	87	3	Terraced House
£195K	01/24	0.35 mi	33, Hardy Road, Norwich, Norfolk NR1 1JN	£2,407	81	3	Terraced House
£236K	06/24	0.35 mi	27, Hardy Road, Norwich, Norfolk NR1 1JN	£2,713	87	3	Terraced House
£235K	07/24	0.35 mi	35, Hardy Road, Norwich, Norfolk NR1 1JN	£4,705	50	3	Terraced House
£290K	03/21	0.35 mi	1, Bellville Crescent, Norwich, Norfolk NR1 3AR	£3,295	88	3	Semi-Detached House
£255K	01/23	0.35 mi	84e, Rosary Road, Norwich, Norfolk NR1 4BX	£2,833	90	3	Semi-Detached House
£180K	10/23	0.37 mi	16, Chalk Hill Road, Norwich, Norfolk NR1 1SL	£1,856	97	3	Terraced House
£325K	08/23	0.37 mi	30, Chalk Hill Road, Norwich, Norfolk NR1 1SL	£2,559	127	3	Terraced House
£230K	05/24	0.38 mi	46, Ella Road, Norwich, Norfolk NR1 4BS	£3,575	64	3	Terraced House
£230K	06/21	0.38 mi	16, Ella Road, Norwich, Norfolk NR1 4BS	£2,771	83	3	Terraced House
£238K	06/21	0.38 mi	52, Ella Road, Norwich, Norfolk NR1 4BS	£3,306	72	3	Terraced House
£310K	03/21	0.38 mi	14, Hillhouse Road, Norwich, Norfolk NR1 4BW	£3,483	89	3	Semi-Detached House
£368K	09/21	0.38 mi	11, Cedar Road, Norwich, Norfolk NR1 1HL	£2,746	134	3	Semi-Detached House
£224K	05/21	0.38 mi	27, Cedar Road, Norwich, Norfolk NR1 1HL	£2,316	97	3	Semi-Detached House
£220K	10/20	0.38 mi	30, Cedar Road, Norwich, Norfolk NR1 1HL	£2,340	94	3	Terraced House
£250K	08/21	0.38 mi	16a, Ethel Road, Norwich, Norfolk NR1 4DB	£3,472	72	3	Semi-Detached House
£270K	07/21	0.38 mi	16b, Ethel Road, Norwich, Norfolk NR1 4DB	-	-	3	Semi-Detached House
£200K	11/20	0.4 mi	19, Ella Road, Norwich, Norfolk NR1 4BP	£2,532	79	3	Terraced House
£192K	06/21	0.4 mi	11, Ella Road, Norwich, Norfolk NR1 4BP	£2,743	70	3	Terraced House
£212K	11/20	0.4 mi	34, Hall Road, Norwich, Norfolk NR1 3HL	£2,356	90	3	Terraced House
£245K	04/21	0.4 mi	25, Ella Road, Norwich, Norfolk NR1 4BP	£2,552	96	3	Terraced House
£245K	05/24	0.4 mi	32, Carrow Road, Norwich, Norfolk NR1 1HJ	£2,227	110	3	Terraced House
£210K	05/21	0.41 mi	22, St Faiths Lane, Norwich, Norfolk NR1 1NN	£2,576	82	3	Terraced House
£228K	06/23	0.41 mi	2, Gordon Square, Norwich, Norfolk NR1 3HJ	-	-	3	Terraced House
£195K	03/24	0.42 mi	17, Carshalton Road, Norwich, Norfolk NR1 3BW	£2,104	93	3	Terraced House
£244.5K	07/23	0.43 mi	17, Geoffrey Road, Norwich, Norfolk NR1 3BN	£3,260	75	3	Terraced House
£237.5K	07/21	0.43 mi	36, Carlyle Road, Norwich, Norfolk NR1 3AB	£2,932	81	3	Semi-Detached House
£220K	12/20	0.43 mi	24, Marion Road, Norwich, Norfolk NR1 4BN	£2,588	85	3	Terraced House
£229K	02/24	0.43 mi	33, Marion Road, Norwich, Norfolk NR1 4BN	£3,578	64	3	Terraced House
£313.5K	02/21	0.44 mi	10, Rosedale Crescent, Norwich, Norfolk NR1 4BH	£3,522	89	3	Semi-Detached House
£425K	04/21	0.44 mi	71, City Road, Norwich, Norfolk NR1 3AS	£3,484	122	3	Terraced House

Local Rents

38 rents from £995/mo to £2.5K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,300	06/24	0.08 mi	Wherry Road, NORWICH	3	Flat
£1,050	06/24	0.15 mi	Argyle Street, Norwich, NR1	3	Terraced House
£1,000	06/24	0.15 mi	Normandie Tower, Norwich,	3	Flat
£1,000	12/24	0.15 mi	Normandie Tower, Rouen Road, Norwich	3	Flat
£2,400	12/24	0.16 mi	King Street, Norwich	3	Flat
£1,500	01/24	0.16 mi	-	3	Flat
£995	06/24	0.2 mi	Stuart Road, Norwich	3	Terraced House
£1,295	12/24	0.2 mi	Alan Road, Norwich	3	Semi-Detached House
£1,350	12/24	0.21 mi	King Street, NORWICH	3	House
£1,895	06/24	0.24 mi	Geoffrey Watling Way, Norwich, NR1	3	Flat
£1,090	05/24	0.28 mi	-	3	Terraced House
£1,900	12/24	0.3 mi	Robinson Bank, NR1 1GG	3	Flat
£1,600	06/24	0.32 mi	Geoffrey Watling Way, Norwich NR1	3	Flat
£1,350	06/24	0.32 mi	Carrow Road, Norwich, NR1	3	Flat
£2,000	12/24	0.33 mi	Foundry Court, Recorder Road, Norwich, Norfolk, NR1	3	Flat
£2,100	01/24	0.34 mi	-	3	Flat
£2,000	06/24	0.34 mi	-	3	Flat
£2,000	12/24	0.34 mi	-	3	Flat
£2,000	12/24	0.34 mi	-	3	Flat
£2,100	06/24	0.34 mi	Prince Of Wales Road, NORWICH	3	Flat
£1,550	02/25	0.36 mi	-	3	Flat
£1,400	12/24	0.36 mi	Chalk Hill Road, Norwich,	3	House
£1,300	06/24	0.37 mi	-	3	Flat
£1,400	12/24	0.38 mi	Cedar Road, NORWICH	3	House
£1,195	12/24	0.39 mi	Cedar Road, Norwich, NR1	3	House
£2,000	06/24	0.39 mi	City Centre, NR1	3	Flat
£1,300	06/24	0.4 mi	St. Matthews Road, Norwich, Norfolk, NR1	3	Flat
£1,695	06/24	0.4 mi	Tibbenha house	3	Flat
£995	12/24	0.4 mi	Carrow Road, Norwich	3	House
£1,495	12/24	0.43 mi	All Saints Green, Norwich, Norfolk, NR1	3	Flat
£1,200	06/24	0.43 mi	Marion Road, Norwich,	3	Terraced House
£1,650	12/24	0.43 mi	Carlyle Road, Norwich, Norfolk, NR1	3	Terraced House
£1,100	06/24	0.43 mi	Marion Road, Norwich, Norfolk, NR1	3	Terraced House
£1,250	12/24	0.43 mi	Cricket Ground Road, Norwich	3	Semi-Detached House
£1,150	12/24	0.45 mi	Thorpe Road	3	Semi-Detached House
£2,200	06/24	0.59 mi	Redwell Street, Norwich	3	Flat
£2,500	07/24	0.59 mi	Redwell Street, Norwich	3	House
£1,650	07/24	0.6 mi	Opposite the Cathedral, Norwich, NR3	3	Flat

Local Area Statistics

Population in NR1	24,54024,540
Population in Norwich	366,887366,887
Town centre distance	1.26 miles away1.26 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.24 miles away0.24 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+39%+39%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £350,000

November 14, 2023

Floor Plans

Description

Duplex apartment +
River views +
Three double bedrooms +
Generous living accommodation +
Secure, allocated parking +
Viewing advised +

abbotFox presents this bright and spacious, three bedroom duplex apartment. Overlooking the River Wensum, this home offers a sense of peace, despite being set in the heart of the popular and well-serviced Riverside development. Entering the apartment on the first floor, the inviting entrance hall gives a wonderful first impression, with three comfortable double bedrooms, principal bedroom serviced with an en-suite shower room, and a family bathroom. The lower floor offers a spacious kitchen diner, and a generous lounge diner, which allows access to two separate terraces. The property further benefits from a secure, allocated parking space. An internal viewing comes highly recommended.

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

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

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