5 Bed Detached House, Planning Permission, Norwich, NR13 6RW, £550,000

22 Lower Street, Salhouse, NR13 6RW - a year ago

Planning
153 m²
+18 photos

ValuationOvervalued

Sold Prices£369K - £1.5M
Sold Prices/m²£2.2K/m² - £4.8K/m²

 

 

Square Metres

153 m²
Price/m²£3.6K/m²

Value Estimate

£462,381

 

 

End Value (After Refurb)

£507,801

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£137,500

Stamp Duty & Legal Fees

£32,700

Refurb Costs

£69,183

Bridging Loan Interest

£14,438

Total Cash In

£255,570

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£507,801

Mortgage (After Refinance)

£380,850

Mortgage LTV

75%

Cash Left In

£255,570

Equity

£126,950

Rent Range

£665 - £1,800

Rent Estimate

£1,211

Running Costs/mo

£1,849

Cashflow/mo

£-638

Cashflow/yr

£-7,657

Gross Yield

3%

Local Sold Prices

17 sold prices from £369K to £1.5M, average is £555K. £2.2K/m² to £4.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£701K04/210.3 mi51, Lower Street, Salhouse, Norwich, Norfolk NR13 6RE5
£662.5K05/231.75 mi7, Back Lane, Rackheath, Norwich, Norfolk NR13 6NN5
£386.5K03/231.75 mi243, Norwich Road, Wroxham, Norwich, Norfolk NR12 8SL5
£385K11/201.83 mi28, Green Lane West, Rackheath, Norwich, Norfolk NR13 6PG5
£1.1M05/231.85 miUnder-ridge, Beech Road, Wroxham, Norwich, Norfolk NR12 8TP5
£1.5M02/212.01 miCampbell Cottage, Beech Road, Wroxham, Norwich, Norfolk NR12 8TW5
£369K05/212.1 mi3, Kevill Davis Drive, Little Plumstead, Norwich, Norfolk NR13 5FB5
£369K05/212.13 mi3, Kevill Davis Drive, Little Plumstead, Norwich, Norfolk NR13 5FB5
£980K07/232.15 mi7, Staitheway Road, Wroxham, Norwich, Norfolk NR12 8TH5
£710K09/232.19 miToad House, Toad Lane, Great Plumstead, Norwich, Norfolk NR13 5EH5
£540K05/212.2 miSwallowdale, Meadow Drive, Hoveton, Norwich, Norfolk NR12 8UN5
£577.5K03/212.37 mi61a, Mill Road, Blofield, Norwich, Norfolk NR13 4QS5
£380K03/232.37 mi51, Mill Road, Blofield, Norwich, Norfolk NR13 4QS5
£500K03/212.42 mi9, Stalham Road, Hoveton, Norwich, Norfolk NR12 8DG5
£555K01/232.63 mi50, Broadland Drive, Thorpe End, Norwich, Norfolk NR13 5BT5
£460K04/212.68 mi1, Barker Way, Thorpe End, Norwich, Norfolk NR13 5EZ5
£1.2M10/212.86 miThe Old Rectory, 18, The Street, Belaugh, Norwich, Norfolk NR12 8XA5

Local Rents

24 rents from £665/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£66506/240.21 mi-1
£1,50007/240.78 miSalhouse4
£1,25003/241.45 miCanfor Road, Rackheath, Norwich3
£1,30007/241.48 mi62 Salhouse Road, Rackheath, Norwich3
£1,50008/241.59 mi-4
£1,05008/241.66 miWebb Drive, Norwich, Norfolk, NR132
£1,20008/241.71 miRackheath2
£1,35007/241.71 miConsort Avenue3
£89507/241.75 miRackheath, Norwich2
£1,40009/242.01 miSaxon Road, Rackheath3
£1,45009/242.03 miBonds Road, Blofield Heath, Norwich3
£1,00007/242.08 miRosemary Road, Blofield, NR132
£1,30006/242.11 miMorris Drive, Little Plumstead, NORWICH4
£1,25007/242.11 miCozens-Wiley Road, Norfolk, NR13 5GA3
£1,30006/242.13 miMorris Drive , Little Plumstead , Norfolk4
£1,15006/242.13 miMorris Drive, Little Plumstead, NR133
£1,20006/242.13 miMorris Drive, Little Plumstead, NR133
£1,80006/242.17 miToad Lane, Great Plumstead, NR133
£1,20007/242.18 miLittle Plumstead3
£75008/242.22 miPedham Road, Norwich, NR131
£75009/242.22 mi-1
£1,35006/242.3 miRackheath Park, Rackheath, Norwich3
£1,35007/242.3 miPenrice Road, NR13 5FP3
£1,10006/242.37 miBure Close, Wroxham4

Local Area Statistics

Population in NR13

26,695

Population in Norwich

366,887

Town centre distance

5.65 miles away

Nearest school

0.10 miles away

Nearest train station

0.92 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+117%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £550,000

February 26, 2024

Sold for £400,000

2019

Sold for £267,500

2009

Floor Plans

Description

  • EPC RATING C
  • COUNCIL TAX BAND E
  • FREEHOLD
  • FOUR/FIVE BEDROOM
  • DETACHED FAMILY HOUSE
  • GOOD SIZE PLOT
  • GARDENS
  • GARAGE
  • OFF ROAD PARKING
  • CARPORT +

AN INDIVIDUAL, SPACIOUS FOUR/FIVE BEDROOM DETACHED FAMILY HOUSE ON GOOD SIZED PLOT SITUATED IN THE MUCH SOUGHT AFTER BROADLAND VILLAGE OF SALHOUSE

* HALL* LOUNGE* KITCHEN/DINER* UTILITY* STUDY/BEDROOM FIVE* SHOWER ROOM* FOUR BEDROOMS* BATHROOM* EN-SUITE (NEAR COMPLETION)* GARDENS* GARAGE* OFF ROAD PARKING FOR SEVERAL CARS* CARPORT* SEALED UNIT DOUBLE GLAZED WINDOWS* GAS FIRED CENTRAL HEATING* EPC RATING C* CURRENT COUNCIL TAX BAND E*

ACCOMMODATION 

SEALED UNIT DOUBLE GLAZED DOOR TO

HALL

Radiator. Coving. Doors to.

SHOWER ROOM

Corner entry shower cubicle. Close coupled w.c. Inset basin with cupboard below. Sealed unit double glazed window to side. Extractor fan. Towel rail. Tiled floor.

LOUNGE 24'4 x 12'1

Coving. Sealed unit double glazed windows to front. Sealed unit double glazed doors to rear. Two radiators. Open fireplace with surround.

STUDY/BEDROOM 5 12'6 x 7'8

Coving. Sealed unit double glazed window to front. Radiator.

KITCHEN/DINER 21'5 max 15'5 min x 18'5 max 9'5 min

Ceiling lights. Velux windows. Sealed unit double glazed windows to rear. Sealed unit double glazed door to side. Wood flooring. Radiator. Base and wall units. Gas cooker. Inset sink with mixer tap. Breakfast bar. Door to.

UTILITY 7'1 x 4'9

Plumbing for washing machine. Base and wall units. Sealed unit double glazed door to front.

STAIRS TO FIRST FLOOR LANDING

Access to loft housing gas boiler. Built in cupboard. Doors to.

BEDROOM 1 12'1 x 10'2 + wardrobe space

Sealed unit double glazed window to front. Built in wardrobes/cupboards. Radiator.

BEDROOM 2 12'1 x 11'4

Sealed unit double glazed window to rear. Radiator.

BEDROOM 3 11'10 x 7'6

Sealed unit double glazed window to rear. Radiator.

EN-SUITE (NOT COMPLETED)

Close coupled w.c. Shower tray.

BEDROOM 4 11'11 X 7'9

Sealed unit double glazed window to front. Radiator.

BATHROOM

Bath with shower over and screen. Close coupled w.c. Inset basin with cupboard below. Sealed unit double glazed window to side. Towel rail. Shaver point.

OUTSIDE

FRONT

Shingled area for off road parking. Laurel hedging to front. Outside light.

CARPORT

GARAGE

Up and over door.

REAR GARDEN

Laid to lawn. Borders. Patio area.

AGENTS NOTE

Planning permission had been granted in 2019 for a two storey side extension. The application ref 20191003 can be viewed thorough Broadland District Council or via the link 20191003 | Two Storey Side Extension | Copperfield 22 Lower Street Salhouse NR13 6RW (southnorfolkandbroadland.gov.uk)

Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

Agent Details

Mills Knight, Norwich

01603 361674

Next Steps?

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