2 Bed Bungalow, Single Let, Norwich, NR5 0EN, £270,000

77 Norwich Road, Norwich, Norfolk, NR5 0EN - 2 views - 10 months ago

Under Offer
BTL
62 m²
+6 photos

ValuationOvervalued

Sold Prices£147K - £450K
Sold Prices/m²£2K/m² - £4.4K/m²

 

 

Square Metres

62.20 m²
Price/m²£4.3K/m²

Value Estimate

£204,542

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£11,100

Total Cash In

£78,600

 

 

Cash Out

 

Rent Range

£800 - £1,450

Rent Estimate

£529

Running Costs/mo

£970

Cashflow/mo

£-441

Cashflow/yr

£-5,287

Gross Yield

2%

Local Sold Prices

50 sold prices from £147K to £450K, average is £220K. £2K/m² to £4.4K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£218K03/210.06 mi11, Crown Road, New Costessey, Norwich, Norfolk NR5 0ER2
£267.5K04/240.07 mi17, Crown Road, New Costessey, Norwich, Norfolk NR5 0ER2
£235K10/210.08 mi9, Glenda Close, Norwich, Norfolk NR5 0BA2
£190K09/210.09 mi24, Glenda Crescent, Norwich, Norfolk NR5 0AZ2
£210K03/210.1 mi9, Smithdale Road, Norwich, Norfolk NR5 0LJ2
£260K10/220.1 mi2, Valley Road, Norwich, Norfolk NR5 0BH2
£229.4K06/230.16 mi12, Margaret Road, Norwich, Norfolk NR5 0AU2
£280K03/240.18 mi11, Northview Road, Norwich, Norfolk NR5 0BG2
£228K11/200.2 mi23, Valley Road, Norwich, Norfolk NR5 0BD2
£200K11/200.21 mi4, Oval Road, Norwich, Norfolk NR5 0DE2
£450K08/230.25 mi8a, The Drive, Norwich, Norfolk NR5 0EF2
£270K03/210.25 mi84, Olive Road, Norwich, Norfolk NR5 0AP2
£198.5K02/210.27 mi44, Gunton Lane, Norwich, Norfolk NR5 0AG2
£280K10/210.28 mi12, Grove Avenue, New Costessey, Norwich, Norfolk NR5 0HN2
£220K01/240.29 mi22, Oval Avenue, Norwich, Norfolk NR5 0DP2
£266K12/200.29 mi44, Oval Road, Norwich, Norfolk NR5 0DG2
£180K10/200.29 mi198, Gunton Lane, Norwich, Norfolk NR5 0AQ2
£243K08/230.31 mi8, Gunton Lane, Norwich, Norfolk NR5 0AE2
£280K06/210.31 mi22, Gunton Lane, Norwich, Norfolk NR5 0AE2
£230K09/210.32 mi8, Norwich Road, Norwich, Norfolk NR5 0EG2
£227K05/240.32 mi74, Norwich Road, Norwich, Norfolk NR5 0EG2
£200K04/230.32 mi4, Norwich Road, Norwich, Norfolk NR5 0EG2
£250K06/210.32 mi19, Woodhill Rise, Norwich, Norfolk NR5 0DN2
£260K12/220.33 mi5, Hill Crest, Norwich, Norfolk NR5 0NB2
£202K09/230.34 mi1, Hill Crest, Norwich, Norfolk NR5 0NB2
£290K04/240.34 mi1, Marshall Close, Norwich, Norfolk NR5 0ED2
£278K08/230.38 mi42, Hill Road, Norwich, Norfolk NR5 0LZ2
£215K01/210.42 mi18, Wood View Court, New Costessey, Norwich, Norfolk NR5 0HR2
£240K04/230.42 mi3, Wood View Court, New Costessey, Norwich, Norfolk NR5 0HR2
£220K12/230.42 mi22, Wood View Court, New Costessey, Norwich, Norfolk NR5 0HR2
£240K03/230.42 mi11, Wood View Court, New Costessey, Norwich, Norfolk NR5 0HR2
£275K12/220.42 mi26, Hill Road, Norwich, Norfolk NR5 0NL2
£230K07/210.47 mi2, Meadow Close, New Costessey, Norwich, Norfolk NR5 0ND2
£171K02/210.48 mi8, Webster Close, Stoke Holy Cross, Norwich, Norfolk NR14 8LU2
£161.5K12/200.53 mi19, Skoner Road, Norwich, Norfolk NR5 9AX2
£220K06/230.54 mi45, Breckland Road, Norwich, Norfolk NR5 0RW2
£150K02/230.56 mi52, Rawley Road, Norwich, Norfolk NR5 9DZ2
£200K05/240.58 mi36, Beecheno Road, Norwich, Norfolk NR5 8TH2
£157.5K09/210.59 mi18, Brennewater Mews, Norwich, Norfolk NR5 9DH2
£147K02/210.63 mi17, Brampton Court, Norwich, Norfolk NR5 9AN2
£147K02/210.63 mi17, Brampton Court, Norwich, Norfolk NR5 9AN2
£170K03/240.63 mi16, Brampton Court, Norwich, Norfolk NR5 9AN2
£165K04/230.63 mi39, Hellesdon Close, Norwich, Norfolk NR6 5EF2
£240K11/220.66 mi25, Jex Road, Norwich, Norfolk NR5 8XD2
£154K03/240.7 mi4, Rowan Court, Norwich, Norfolk NR5 0RT2
£370K08/210.71 mi18, The Waterside, Hellesdon, Norwich, Norfolk NR6 5QN2
£165K04/210.76 mi24, Kost Road, Costessey, Norwich, Norfolk NR8 5DE2
£206.3K10/220.76 mi24, Kost Road, Costessey, Norwich, Norfolk NR8 5DE2
£160K11/220.76 mi128, Jex Road, Norwich, Norfolk NR5 8XQ2
£175K03/210.79 mi28, Stylman Road, Norwich, Norfolk NR5 9EU2

Local Rents

12 rents from £800/mo to £1.4K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£85006/240.06 miNorwich Road, Norwich, Norfolk, NR52
£1,12512/230.12 mi-2
£1,19502/250.12 mi-2
£1,45012/240.29 miOval Road, Costessey, Norwich2
£1,00001/250.34 mi-2
£92506/240.51 miLushington Close, Norwich2
£80002/240.56 mi-2
£80006/240.56 mi-2
£1,20003/250.59 mi-2
£1,00002/250.6 mi-2
£89506/240.6 miWaldegrave Road, Norwich2
£85006/240.6 miCotterall Court, West City2

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.47 miles away

Nearest school

0.40 miles away

Nearest train station

3.36 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £270,000

December 4, 2024

Listed for £280,000

May 8, 2024

Sold for £203,000

2015

Sold for £140,000

2008

Floor Plans

Description

  • Guide Price £280,000 - £300,000 +
  • Spacious Detached Bungalow +
  • 2 Double Bedrooms +
  • Fitted Kitchen With Utility Cupboard +
  • Modern Shower/Wet Room +
  • Lounge +
  • Large Driveway & Rear Garden +
  • New Double Glazing & Conservatory 2016 +
  • Directly Adjacent to Bus Stop & Row Of Shops +
  • Vendor Has Found a Chain Free Property +

Entrance Hall
Doors to all rooms Lounge 11'9 x 11'9
Double glazed window to front, laminate flooring, radiator Bedroom One 12'1 x 11'9
Double glazed window to front, radiator Bedroom Two 11'10 x 9'9
Double glazed window to rear, radiator Shower Room 8'7 x 5'9
Double glazed window to side, shower unit, WC, wash basin, non slip flooring, radiator Kitchen 10'9 x 8'6
Double glazed French doors to conservatory, fitted range of wall and base units with work tops over, sink and drainer, space for appliances, radiator Conservatory 13'3 x 11'2
Double glazed windows to side and rear, French doors to garden Outside
To the front and side of the property is a brick weave drive allowing ample off road parking

To the rear of the property is an enclosed garden with patio and lawn area, shed and side access gate

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

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