3 Bed Terraced House, Cash/Bridging Only, Norwich, NR3 3NQ, £180,000

Norwich, NR3 3NQ - 11 views - 10 months ago

Cash

ROI: 1%

~93 m²

+4 photos

ValuationUndervalued

Sold Prices	£140K - £495K
Sold Prices/m²	£1.8K/m² - £4.2K/m²

Square Metres	~93 m²
Price/m²	£1.9K/m²
Value Estimate	£185,400£185,400
BMV	3%

End Value (After Refurb)	£257,538£257,538
Uplift in Value	+43%+43%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£45,000£45,000
Stamp Duty & Legal Fees	£6,600£6,600
Refurb Costs	£42,000£42,000
Bridging Loan Interest	£4,725£4,725
Total Cash In	£100,075£100,075

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£257,538£257,538
Agent Fees (1%)	£2,575£2,575
Bridging Loan	£135,000£135,000
Bridging Loan Interest	£4,725£4,725
Flip Profit	£19,888£19,888

Local Sold Prices

50 sold prices from £140K to £495K, average is £225K. £1.8K/m² to £4.2K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£250K	06/23	0.05 mi	57, Pelham Road, Norwich, Norfolk NR3 3NG	£2,976	84	3	Semi-Detached House
£170K	03/21	0.05 mi	49, Pelham Road, Norwich, Norfolk NR3 3NG	£2,394	71	3	Terraced House
£225K	02/21	0.05 mi	13, Pelham Road, Norwich, Norfolk NR3 3NG	-	-	3	Terraced House
£200K	07/21	0.05 mi	52, Pelham Road, Norwich, Norfolk NR3 3NG	-	-	3	Terraced House
£183K	04/21	0.06 mi	97, Rosebery Road, Norwich, Norfolk NR3 3AB	£2,582	71	3	Terraced House
£285K	11/22	0.06 mi	65, Rosebery Road, Norwich, Norfolk NR3 3AB	£3,273	87	3	Semi-Detached House
£320K	03/21	0.1 mi	18, St Clements Hill, Norwich, Norfolk NR3 4BQ	-	-	3	Terraced House
£195K	04/21	0.12 mi	17, Millcroft, Norwich, Norfolk NR3 3LS	£2,349	83	3	Terraced House
£185K	03/21	0.12 mi	22, Waterloo Road, Norwich, Norfolk NR3 1EY	£2,534	73	3	Semi-Detached House
£200K	02/21	0.13 mi	11, Dakin Road, Norwich, Norfolk NR3 3LL	-	-	3	Terraced House
£250K	11/20	0.13 mi	16, Dakin Road, Norwich, Norfolk NR3 3LL	-	-	3	Semi-Detached House
£212.5K	10/20	0.14 mi	12, Wild Road, Norwich, Norfolk NR3 3LW	£2,530	84	3	Semi-Detached House
£275K	08/21	0.16 mi	71, Angel Road, Norwich, Norfolk NR3 3HR	£3,022	91	3	Semi-Detached House
£250K	01/21	0.16 mi	73, Angel Road, Norwich, Norfolk NR3 3HR	£3,086	81	3	Semi-Detached House
£206K	06/23	0.17 mi	32, Waterloo Road, Norwich, Norfolk NR3 1EW	£2,395	86	3	Semi-Detached House
£303.5K	05/23	0.17 mi	84, Magdalen Road, Norwich, Norfolk NR3 4AN	£3,161	96	3	Terraced House
£495K	04/22	0.17 mi	108, Magdalen Road, Norwich, Norfolk NR3 4AN	-	-	3	Detached House
£168K	02/21	0.17 mi	31, Chamberlin Road, Norwich, Norfolk NR3 3LY	-	-	3	Terraced House
£290K	11/21	0.17 mi	97, Magdalen Road, Norwich, Norfolk NR3 4LB	-	-	3	Terraced House
£250K	01/21	0.18 mi	55, Chamberlin Road, Norwich, Norfolk NR3 3LN	£2,747	91	3	Semi-Detached House
£362K	01/23	0.18 mi	92, Chamberlin Road, Norwich, Norfolk NR3 3LN	£4,209	86	3	Semi-Detached House
£180K	07/21	0.18 mi	19, Capps Road, Norwich, Norfolk NR3 4AZ	£2,571	70	3	Terraced House
£260K	06/23	0.19 mi	1, Chamberlin Close, Norwich, Norfolk NR3 3LP	£1,831	142	3	Semi-Detached House
£266K	10/20	0.2 mi	143, Angel Road, Norwich, Norfolk NR3 3HX	£2,989	89	3	Semi-Detached House
£173.7K	11/20	0.21 mi	38, Sprowston Road, Norwich, Norfolk NR3 4QN	£2,453	71	3	Terraced House
£195K	04/21	0.22 mi	46, Sprowston Road, Norwich, Norfolk NR3 4QN	£2,600	75	3	Semi-Detached House
£270K	01/23	0.22 mi	50, Sprowston Road, Norwich, Norfolk NR3 4QN	£3,034	89	3	Terraced House
£200K	11/20	0.22 mi	5, Blyth Road, Norwich, Norfolk NR3 3LG	£2,299	87	3	Semi-Detached House
£210K	07/23	0.24 mi	56, Magdalen Road, Norwich, Norfolk NR3 4AQ	£3,326	63	3	Terraced House
£270K	11/21	0.24 mi	4, Maurice Raes Close, Norwich, Norfolk NR3 4QR	£2,967	91	3	Terraced House
£150K	10/23	0.24 mi	3, Maurice Rae Close, Norwich, Norfolk NR3 4QR	£2,547	59	3	Terraced House
£242K	03/21	0.24 mi	13, Maurice Rae Close, Norwich, Norfolk NR3 4QR	£2,630	92	3	Terraced House
£253K	05/21	0.25 mi	23, Northcote Road, Norwich, Norfolk NR3 4QF	-	-	3	Semi-Detached House
£175K	10/21	0.25 mi	23, Shipstone Road, Norwich, Norfolk NR3 1JZ	£2,574	68	3	Terraced House
£221.5K	03/23	0.25 mi	11, Shipstone Road, Norwich, Norfolk NR3 1JZ	£3,257	68	3	Terraced House
£300.3K	10/21	0.25 mi	7, Massingham Road, Norwich, Norfolk NR3 4BS	-	-	3	Semi-Detached House
£325K	04/23	0.25 mi	52, Massingham Road, Norwich, Norfolk NR3 4BS	-	-	3	Semi-Detached House
£259K	02/23	0.26 mi	32, Northcote Road, Norwich, Norfolk NR3 4QF	-	-	3	Terraced House
£205K	06/21	0.27 mi	100, Eade Road, Norwich, Norfolk NR3 3EJ	£2,632	78	3	Terraced House
£210K	10/21	0.27 mi	34, Eade Road, Norwich, Norfolk NR3 3EJ	£2,763	76	3	Terraced House
£140K	03/24	0.27 mi	30, Eade Road, Norwich, Norfolk NR3 3EJ	£1,830	77	3	Terraced House
£210K	08/23	0.27 mi	53, Eade Road, Norwich, Norfolk NR3 3EH	£2,727	77	3	Terraced House
£325K	01/21	0.28 mi	28, Tillett Road, Norwich, Norfolk NR3 4BJ	£3,250	100	3	Semi-Detached House
£170K	11/20	0.28 mi	26, Tillett Road, Norwich, Norfolk NR3 4BJ	£1,910	89	3	Semi-Detached House
£205K	03/23	0.28 mi	2, Tillett Road, Norwich, Norfolk NR3 4BJ	£2,628	78	3	Terraced House
£277K	09/21	0.28 mi	23, Tillett Road, Norwich, Norfolk NR3 4BJ	-	-	3	Detached House
£235K	04/23	0.28 mi	16, Churchill Road, Norwich, Norfolk NR3 4PY	£3,133	75	3	Terraced House
£200K	04/21	0.28 mi	51, Churchill Road, Norwich, Norfolk NR3 4PX	£2,778	72	3	Terraced House
£225K	11/21	0.28 mi	23, Clarke Road, Norwich, Norfolk NR3 1JL	£3,082	73	3	Semi-Detached House
£245K	12/22	0.28 mi	28, Clarke Road, Norwich, Norfolk NR3 1JL	£3,325	74	3	Terraced House

Local Rents

50 rents from £895/mo to £1.6K/mo, average is £1.1K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,100	06/24	0.11 mi	Waterloo Road, Norwich, NR3	3	Detached House
£1,300	08/24	0.13 mi	Angel Road, Norwich, Norfolk, NR3	3	Terraced House
£900	01/25	0.14 mi	-	3	Terraced House
£1,150	02/25	0.16 mi	-	3	Terraced House
£950	08/24	0.17 mi	Waterloo Road, Norwich	3	Terraced House
£1,150	08/24	0.2 mi	North Norwich	3	House
£1,150	06/24	0.25 mi	Northcote Road, NORWICH	3	Flat
£1,095	06/24	0.25 mi	-	3	Terraced House
£1,000	07/24	0.27 mi	Eade Road	3	Terraced House
£1,050	06/24	0.27 mi	Magdalen Road, Norwich, Norfolk, NR3	3	Terraced House
£1,600	06/24	0.28 mi	Tillett Road, NR3 4BJ	3	Flat
£1,300	06/24	0.28 mi	Churchill Road, NR3 4PY	3	Flat
£1,400	05/24	0.3 mi	-	3	Terraced House
£925	12/23	0.3 mi	-	3	Terraced House
£1,150	08/24	0.3 mi	Bell Road, Norwich, NR3	3	Terraced House
£1,200	09/24	0.3 mi	Norwich	3	Terraced House
£1,100	02/25	0.31 mi	-	3	Terraced House
£1,100	11/24	0.32 mi	-	3	Terraced House
£1,100	06/24	0.33 mi	Spencer Street, Norwich, NR3 4PE	3	Terraced House
£1,500	07/24	0.33 mi	Buxton Road, Norwich	3	Terraced House
£995	06/24	0.35 mi	Rostwold Way, Norwich, Norfolk	3	Flat
£1,350	06/24	0.35 mi	Ladysmith Road, Norwich	3	Detached House
£975	06/24	0.35 mi	-	3	Terraced House
£1,100	06/24	0.35 mi	Stacy Road, Norwich, NR3	3	Terraced House
£1,100	07/24	0.35 mi	Stacy Road, Norwich, NR3	3	Terraced House
£950	06/24	0.36 mi	Gertrude Road	3	Terraced House
£1,250	07/24	0.36 mi	Aylesbury Close, Norwich	3	Semi-Detached House
£995	07/24	0.36 mi	-	3	Terraced House
£1,150	07/24	0.37 mi	Churchil Road, Norwich	3	Terraced House
£900	06/24	0.38 mi	Beaconsfield Road, Norwich,	3	Flat
£1,100	09/24	0.38 mi	Beaconsfield Road, Norwich,	3	House
£1,120	10/24	0.39 mi	-	3	Terraced House
£1,100	07/24	0.39 mi	Marlborough Road, Norwich, NR3	3	Terraced House
£1,400	01/25	0.4 mi	-	3	Terraced House
£1,300	06/24	0.4 mi	St. Augustines Gate, Norwich, Norfolk, NR3	3	Terraced House
£1,300	06/24	0.4 mi	Magpie Road, NORWICH	3	Terraced House
£1,200	06/24	0.4 mi	Magpie Road, Norwich	3	Terraced House
£1,200	07/24	0.4 mi	Magpie Road, Norwich	3	Terraced House
£1,200	07/24	0.4 mi	Magpie Road, Norwich	3	Terraced House
£975	06/24	0.4 mi	Magpie Road,Norwich,NR3	3	Terraced House
£950	06/24	0.43 mi	Wall Lane, Norwich, Norfolk, NR3	3	Flat
£895	06/24	0.43 mi	Vicarage Road, Norwich, NR3	3	Terraced House
£1,400	06/24	0.43 mi	Spencer Street, Norwich, NR3	3	Terraced House
£1,100	06/24	0.43 mi	Esdelle Street, Norwich	3	Terraced House
£975	06/24	0.44 mi	Gertrude Road, Norwich, NR3	3	Terraced House
£1,100	06/24	0.44 mi	Gertrude Road, Norwich	3	Terraced House
£1,290	08/24	0.44 mi	-	3	Terraced House
£1,450	12/24	0.44 mi	-	3	Terraced House
£1,350	06/24	0.44 mi	Drayton Road, Norwich, NR3 2DE	3	Terraced House
£1,375	07/24	0.45 mi	Stonemasons Court, Norwich, NR3	3	Terraced House

Local Area Statistics

Population in NR3	32,67232,672
Population in Norwich	366,887366,887
Town centre distance	0.33 miles away0.33 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.32 miles away1.32 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+16%+16%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+28%+28%

Property History

Listed for £180,000

May 20, 2024

Floor Plans

Description

Mid terraced house +
Two / three bedrooms +
Two reception rooms +
Close to local amenities +
No onward chain +
Cash buyers only +

abbotFox presents this chain free, mid terraced home. Situated within the popular NR3 postcode, this home offers an ideal opportunity for any first time buyer. Set within easy reach of a wealth of local amenities, including, shops, parks, pubs and cafe's this property offers an ideal opportunity for any buyer looking to make their own mark on a property.

The accommodation is neatly arranged over two floors, with a sitting room, dining room, kitchen and bathroom to the ground floor, and two double bedrooms and a third "box-style" room. Externally, the property offers both front and rear gardens.

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

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