5 Bed Semi-Detached House, Single Let, Norwich, NR5 8JD, £350,000

Edgeworth Road, Norwich, NR5 8JD - 3 views - a year ago

BTL
~178 m²
+10 photos

ValuationUndervalued

Sold Prices£178.5K - £2.0M
Sold Prices/m²£2K/m² - £7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£423,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£410 - £3,600

Rent Estimate

£451

Running Costs/mo

£1,204

Cashflow/mo

£-753

Cashflow/yr

£-9,035

Gross Yield

2%

Local Sold Prices

50 sold prices from £178.5K to £2.0M, average is £587.8K. £2K/m² to £7K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£282.5K02/210.24 mi50, Earlham Green Lane, Norwich, Norfolk NR5 8HE5
£282.5K02/210.24 mi50, Earlham Green Lane, Norwich, Norfolk NR5 8HE5
£580K10/200.26 mi530, Earlham Road, Norwich, Norfolk NR4 7TF5
£350K12/200.39 mi12, Jasmine Close, Norwich, Norfolk NR4 7NE5
£420K07/210.43 mi5, Salter Avenue, Norwich, Norfolk NR4 7LX5
£580.5K03/230.54 mi501, Earlham Road, Norwich, Norfolk NR4 7HN5
£430K03/240.69 mi450, Earlham Road, Norwich, Norfolk NR4 7HL5
£467K12/230.69 mi452, Earlham Road, Norwich, Norfolk NR4 7HL5
£246K06/210.78 mi158, Northfields, Norwich, Norfolk NR4 7EX5
£245K11/230.78 mi186, Northfields, Norwich, Norfolk NR4 7EX5
£300K10/230.82 mi79, Peverell Road, Norwich, Norfolk NR5 9AL5
£260K01/230.92 mi7, Notridge Road, Norwich, Norfolk NR5 9BE5
£695K03/210.97 mi223a, Earlham Road, Norwich, Norfolk NR2 3RQ5
£330K01/231.04 mi7, Mardle Street, Norwich, Norfolk NR5 9HU5
£658K06/211.04 mi53, The Avenues, Norwich, Norfolk NR2 3QR5
£397.5K06/211.06 mi34, Sunny Grove, Norwich, Norfolk NR5 0EJ5
£580K12/221.06 mi18, Jessopp Road, Norwich, Norfolk NR2 3QA5
£677.3K06/211.1 mi119, Christchurch Road, Norwich, Norfolk NR2 3PG5
£790K05/231.1 mi117, Christchurch Road, Norwich, Norfolk NR2 3PG5
£330K11/231.11 mi78, Oval Road, Norwich, Norfolk NR5 0DQ5
£350K06/211.14 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB5
£660K03/211.16 mi43, The Avenues, Norwich, Norfolk NR2 3PH5
£675K06/211.18 mi161, Earlham Road, Norwich, Norfolk NR2 3RG5
£725K08/221.22 mi88, Christchurch Road, Norwich, Norfolk NR2 3NG5
£700K07/221.22 mi170, College Road, Norwich, Norfolk NR2 3JA5
£955K12/201.23 mi1, Judges Drive, Norwich, Norfolk NR4 7QQ5
£178.5K08/211.24 mi23, Glenda Crescent, Norwich, Norfolk NR5 0AZ5
£370K02/231.24 mi37, Leng Crescent, Norwich, Norfolk NR4 7NY5
£595K11/231.25 mi138, Earlham Road, Norwich, Norfolk NR2 3HF5
£985K02/231.28 mi381, Unthank Road, Norwich, Norfolk NR4 7QG5
£825K08/231.33 mi426, Unthank Road, Norwich, Norfolk NR4 7QH5
£695K11/231.35 mi470, Unthank Road, Norwich, Norfolk NR4 7QJ5
£426.8K06/231.38 mi31, Ashtree Road, Norwich, Norfolk NR5 0LR5
£647.5K02/211.4 mi205, Dereham Road, Norwich, Norfolk NR2 3TE5
£390K09/231.41 mi24, Whitehall Road, Norwich, Norfolk NR2 3EW5
£740K03/231.42 mi17, Judges Walk, Norwich, Norfolk NR4 7QF5
£880K12/221.42 mi15, Poplar Avenue, Norwich, Norfolk NR4 7LB5
£672K05/241.43 mi40, Mile End Road, Norwich, Norfolk NR4 7QX5
£1.0M03/231.43 mi19, Mile End Road, Norwich, Norfolk NR4 7QX5
£1.1M08/241.44 mi187, Newmarket Road, Norwich, Norfolk NR4 6AP5
£427K05/231.46 mi11, Doris Road, Norwich, Norfolk NR2 3EJ5
£950K07/221.48 mi202, Unthank Road, Norwich, Norfolk NR2 2AH5
£2.0M05/221.48 mi20, Christchurch Road, Norwich, Norfolk NR2 2AE5
£715K03/231.56 mi36, Mile End Road, Norwich, Norfolk NR4 7QY5
£555K11/211.56 mi20, Mile End Road, Norwich, Norfolk NR4 7QY5
£532K03/211.56 mi14, Mile End Road, Norwich, Norfolk NR4 7QY5
£1.2M12/221.56 mi18, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£550K11/211.56 mi8, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£750K03/231.58 mi59, Mount Pleasant, Norwich, Norfolk NR2 2DQ5
£950K02/211.58 mi13, Colney Lane, Cringleford, Norwich, Norfolk NR4 7RE5

Local Rents

50 rents from £410/mo to £3.6K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£1,90006/240 miEdgeworth Road, Earlham, Norwich, NR54
£1,50006/240 miEdgeworth Road, Norwich, Norfolk, NR54
£2,40002/240.01 miEdgeworth Road, Norwich6
£2,62512/240.01 miEdgeworth Road, Norwich5
£1,90006/240.03 miKeable Close, Earlham, Norwich, NR54
£2,10012/240.04 mi-5
£1,68003/240.04 miEdgeworth Road, Norwich4
£2,62506/240.04 miCunningham Road, Earlham, Norwich, NR55
£2,50006/240.05 miHemlin Close, Earlham, Norwich, NR55
£1,68003/240.07 miRockingham Road, Norwich4
£1,70006/240.07 miCunningham Road, Norwich4
£1,92002/250.08 mi-4
£3,60006/240.08 miScarnell Road, Norwich6
£2,75006/240.09 miScarnell Road5
£2,62512/240.09 miScarnell Road, Norwich5
£2,75006/240.09 miCunningham Road, Norwich, NR56
£2,75006/240.1 miCunningham Road5
£1,29006/240.1 mi-3
£1,38012/240.1 mi-3
£2,00012/240.1 mi-5
£2,50012/240.1 mi-5
£2,75006/240.11 miWakefield Road5
£1,70006/240.12 miWakefield Road, Norwich4
£1,40006/240.12 miWakefield Road, Norwich4
£2,00012/240.12 miWakefield Road, Norwich4
£2,00012/240.12 miWakefield Road, Norwich, Norfolk, NR54
£1,70012/240.12 miWakefield Road, NORWICH4
£1,70006/240.12 miCunningham Road, Norwich, NR54
£3,10012/240.12 miCunningham Road, Norwich, NR56
£1,70006/240.12 miCunningham Road, Norwich4
£1,60012/240.12 miCunningham Road, NORWICH4
£1,70006/240.13 miPitchford Road, Norwich, Norfolk, NR54
£2,30012/240.13 miPitchford Road STUDENT, Norwich, NR55
£3,15206/240.13 miDilham, Enfield Road, Norwich, NR54
£1,80006/240.14 miWakefield Road, Norwich, NR54
£1,50006/240.14 miScarnell Road, Norwich4
£1,97506/240.14 miFriends Road, Norwich, Norfolk, NR55
£3,14204/250.15 mi-5
£2,00012/240.15 miPriscilla Close NR5 8HJ4
£2,05006/240.15 miFriends Road, Norwich5
£1,85006/240.15 miFriends Road, Earlham, Norwich, NR54
£41006/240.15 miFriends Road, Norwich5
£41006/240.15 miFriends Road, Norwich5
£1,70006/240.16 miRockingham Road, Norwich, Norfolk, NR54
£2,75006/240.16 miCrummock Road5
£73506/240.16 miSandringham, Earlham West Centre, Norwich, NR57
£2,12506/240.16 miWordsworth Road, Norwich5
£1,84006/240.16 miMottram Close, Norwich4
£1,84006/240.16 miMottram Close, Norwich4
£3,00006/240.17 miFriends Road, Norwich, Norfolk, NR57

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.23 miles away

Nearest school

0.10 miles away

Nearest train station

2.77 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £350,000

May 15, 2024

Sold for £235,000

2015

Sold for £41,000

1997

Sold for £39,000

1995

Floor Plans

Description

  • INVESTMENT OPPORTUNITY +
  • FIVE BEDROOMS +
  • CLOSE TO UEA +
  • DOUBLE GLAZING / GAS FIRED CENTRAL HEATING +
  • BRICK BUILT EXTENSION OFFERING FURTHER SCOPE TO EXTEND INTERNAL ACCOMMODATION +
  • DRIVEWAY PARKING +
  • ENCLOSED REAR GARDEN +

SUMMARY
GUIDE PRICE £350,000-£375,000 - INVESTMENT OPPORTUNITY William H Brown are pleased to offer to the market this ready made investment opportunity sold with tenants in situ!

DESCRIPTION
Edgeworth Road is perfectly located for the University of East Anglia and Norfolk and Norwich hospital.

The property benefits from extended accommodation with five bedrooms and benefits form double glazing, gas fired central heating and driveway parking.

The accommodation comprises of entrance hall, bedroom. kitchen, lounge, wc, utility room, office and bedroom five to the ground floor, first floor landing, three further bedrooms, bathroom and separate WC.

Externally the property is approached via a driveway providing off road parking whilst to the rear there is an enclosed garden laid to lawn and patio with brick built extension providing scope for extension.

Entrance Hall 
Door to front aspect, tiled floor, door to bedroom, kitchen and stairs to first floor.

Bedroom 13' 5" x 12' 9" max ( 4.09m x 3.89m max )
Double glazed window to front aspect, gas fire, radiator.

Kitchen 10' 1" x 12' 6" ( 3.07m x 3.81m )
Fitted kitchen with a range of wall and base units, roll top work surfaces, inset sink and drainer, gas hob, stainless steel chimney style cooker hood over, electric cooker, plumbing and space for washing machine, tiled floor, open to lounge;

Lounge 10' 1" x 12' 6" ( 3.07m x 3.81m )
Double glazed door to side aspect, double glazed french doors to rear aspect leading to garden, tiled floor, space for fridge freezer, doors to utility room, office to bedroom five and wc;

Wc 
Suite comprising low level wc, wash hand basin, part tiled walls, tiled floor.

Utility 9' 8" x 6' 2" max ( 2.95m x 1.88m max )
Double glazed window to side aspect, fitted units comprising a range of wall and base units, roll top work surfaces over, tiled splash back, plumbing and space for washing machine, tiled floor.

Office 9' 7" x 8' ( 2.92m x 2.44m )
Double glazed window to rear aspect, tiled floor, doors to bedroom;

Bedroom 7' 1" x 11' ( 2.16m x 3.35m )
doors to office area.

Landing 
Stairs leading from entrance hall to first floor landing, double glazed window on stairwell, doors to all first floor bedrooms, bathroom and separate wc.

Bedroom 10' 2" x 11' ( 3.10m x 3.35m )
Double glazed window to rear aspect, over stairs cupboard, radiator.

Bedroom 11' 7" max x 13' max ( 3.53m max x 3.96m max )
Double glazed window to front aspect, built in cupboard, gas fired central heating boiler, radiator.

Bedroom 9' x 13' max ( 2.74m x 3.96m max )
Double glazed window to rear aspect, built in cupboard, radiator.

Bathroom 
Double glazed window to rear aspect, suite comprising bath with mixer tap, electric shower over, glass shower screen, vanity sink unit, chrome heated towel rail.

Wc 
Double glazed window to front aspect, suite comprising low level wc.

Outside 
The property is approached via a driveway providing off road parking whilst to the rear there is an enclosed garden laid to lawn and patio with brick built extension providing scope for extension.

DIRECTIONS
Head out of Norwich along the Earlham Road taking your third exit at the Fiveways roundabout onto Earlham Green Lane. Take a left hand turn into Cunningham Road, right into Scarnell Road and then left into Edgefield road where the property will be located on your left hand side.

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, Norwich, Unthank Road

01603 361982

Next Steps?

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