3 Bed Semi-Detached House, Single Let, Norwich, NR5 8BA, £260,000

31 Gipsy Close, Norwich, Norfolk, NR5 8BA - 3 views - 10 months ago

BTL
ROI: 1%
~93 m²
+16 photos

ValuationUndervalued

Sold Prices£160K - £520K
Sold Prices/m²£2K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.8K/m²

Value Estimate

£273,420
BMV1%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£10,300

Total Cash In

£75,300

 

 

Cash Out

 

Rent Range

£995 - £2,500

Rent Estimate

£1,131

Running Costs/mo

£1,059

Cashflow/mo

£72

Cashflow/yr

£868

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £160K to £520K, average is £255K. £2K/m² to £5.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£222.5K01/230.09 mi333, Bowthorpe Road, Norwich, Norfolk NR5 8AE3
£201K02/210.09 mi338, Bowthorpe Road, Norwich, Norfolk NR5 8AE3
£210.3K02/210.09 mi131, Gipsy Lane, Norwich, Norfolk NR5 8AY3
£244K02/240.11 mi24, Earlham Green Lane, Norwich, Norfolk NR5 8HA3
£520K06/210.12 mi555, Earlham Road, Norwich, Norfolk NR4 7HW3
£195K08/240.14 mi36, Bixley Close, Norwich, Norfolk NR5 8DH3
£387.5K11/200.15 mi510, Earlham Road, Norwich, Norfolk NR4 7HR3
£189K04/210.16 mi59, Irstead Road, Norwich, Norfolk NR5 8AR3
£313.8K03/230.18 mi8, Fieldview, Norwich, Norfolk NR5 8AQ3
£330K07/230.22 mi513, Earlham Road, Norwich, Norfolk NR4 7HN3
£365K02/210.23 mi34, Primula Drive, Norwich, Norfolk NR4 7LZ3
£186K09/210.23 mi1, Shepherd Close, Norwich, Norfolk NR5 8HS3
£257K08/210.23 mi72, Roe Drive, Norwich, Norfolk NR5 8BT3
£400K03/230.24 mi470, Earlham Road, Norwich, Norfolk NR4 7HP3
£255K04/230.24 mi324, Bowthorpe Road, Norwich, Norfolk NR5 8AB3
£192.5K06/210.25 mi92, Beverley Road, Norwich, Norfolk NR5 8DL3
£170K02/210.27 mi3, Horning Close, Norwich, Norfolk NR5 8DN3
£225K11/230.28 mi26, Alicante Way, Norwich, Norfolk NR5 8BX3
£485K11/220.29 mi232, Bluebell Road, Norwich, Norfolk NR4 7LW3
£180K01/210.3 mi127, Ranworth Road, Norwich, Norfolk NR5 8DY3
£180K01/210.32 mi127, Ranworth Road, Norwich, Norfolk NR5 8DY3
£240K08/230.34 mi6, Richenda Close, Norwich, Norfolk NR5 8JG3
£255K01/230.34 mi11, Richenda Close, Norwich, Norfolk NR5 8JG3
£260K02/240.34 mi13, Douglas Haig Road, Norwich, Norfolk NR5 8LD3
£475K06/230.35 mi7, Penryn Close, Norwich, Norfolk NR4 7LY3
£452.5K06/240.36 mi448, Earlham Road, Norwich, Norfolk NR4 7HL3
£272K02/210.36 mi21, George Borrow Road, Norwich, Norfolk NR4 7HS3
£272K02/210.36 mi21, George Borrow Road, Norwich, Norfolk NR4 7HS3
£221K02/240.37 mi31, Ranworth Road, Norwich, Norfolk NR5 8EB3
£192.5K04/210.37 mi37, Ranworth Road, Norwich, Norfolk NR5 8EB3
£270K06/230.39 mi6, Hemlin Close, Norwich, Norfolk NR5 8JB3
£198.3K10/220.39 mi84, Motum Road, Norwich, Norfolk NR5 8EQ3
£282.5K06/210.4 mi23, Pitchford Road, Norwich, Norfolk NR5 8LQ3
£225K05/210.41 mi83, Whistlefish Court, Norwich, Norfolk NR5 8QR3
£272K12/200.43 mi156, The Avenues, Norwich, Norfolk NR4 7DR3
£220K05/210.44 mi206, Colman Road, Norwich, Norfolk NR4 7HH3
£255K04/210.45 mi35, Cunningham Road, Norwich, Norfolk NR5 8HH3
£295K02/230.45 mi89, Friends Road, Norwich, Norfolk NR5 8HP3
£295K04/230.45 mi77, Friends Road, Norwich, Norfolk NR5 8HP3
£357.5K01/240.46 mi106, The Avenues, Norwich, Norfolk NR4 7DP3
£375K11/200.46 mi76, The Avenues, Norwich, Norfolk NR4 7DP3
£280K03/240.46 mi134, The Avenues, Norwich, Norfolk NR4 7DP3
£270K12/230.46 mi2, Tollhouse Road, Norwich, Norfolk NR5 8QF3
£220K07/230.46 mi4, Tollhouse Road, Norwich, Norfolk NR5 8QF3
£160K01/210.46 mi12, Lound Road, Norwich, Norfolk NR4 7JQ3
£265K12/220.48 mi406, Dereham Road, Norwich, Norfolk NR5 8QG3
£238K11/200.48 mi408, Dereham Road, Norwich, Norfolk NR5 8QG3
£250K07/230.48 mi31, Enfield Road, Norwich, Norfolk NR5 8LF3
£215K04/210.5 mi29, Stannard Road, Norwich, Norfolk NR4 7JD3
£343K11/210.51 mi72, The Avenues, Norwich, Norfolk NR4 7HZ3

Local Rents

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

RentDateDistanceAddressBeds 
£1,29506/240.09 miGipsy Lane, Norwich3
£1,30012/240.12 mi-3
£1,30012/240.12 mi-3
£1,20012/240.12 miGipsy Lane, Norwich3
£1,50006/240.14 miBixley Close, Norwich, Norfolk, NR53
£1,50006/240.18 miFoxley Road, Norwich3
£1,30012/240.23 mi-3
£1,25606/240.23 miRussett Grove STUDENT, Norwich, NR43
£1,42506/240.23 miRusset Grove, Eaton, NR43
£1,35006/240.23 miRusset Grove, NORWICH3
£99502/240.24 mi-3
£1,27506/240.25 miBeverley Road, Norwich, NR53
£2,04012/240.31 miPippin Green, Norwich, NR4 7NG3
£1,40003/240.33 miNorwich, NR43
£1,40006/240.33 miPippin Green, Norwich, Norfolk, NR43
£1,40003/240.33 miPippin Green, NORWICH3
£1,15012/240.34 miCadge Close, Norwich3
£1,29006/240.37 mi-3
£1,38012/240.37 mi-3
£1,50012/240.39 miMotum Road, Norwich3
£1,40006/240.42 miHenderson Road, Norwich, NR43
£1,50012/240.44 mi-3
£2,10012/240.46 miEarlham Road, Norwich, NR4 7TG3
£1,35005/240.47 mi-3
£1,40003/250.47 mi-3
£99512/240.47 miColman Road, Norwich3
£1,55006/240.48 mi-3
£1,20007/240.5 miWest CityN/A
£1,25008/240.5 miElizabeth Fry Road, NR2 3QL3
£1,20008/240.52 miLubbock Close, Norwich, Norfolk, NR23
£1,20012/240.54 mi-3
£2,50006/240.55 miHellesdon Road, Norwich, Norfolk, NR63
£1,50004/250.57 mi-3
£1,30012/240.58 miNorthfields, Norwich3
£1,10004/250.59 mi-3
£1,20007/240.6 miWheatley Road, Norwich, NR23
£1,39506/240.62 miWycliffe Road, NR43

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

1.90 miles away

Nearest school

0.20 miles away

Nearest train station

2.44 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £260,000

February 28, 2025

Price changed to £250,000

January 27, 2025

Price changed to £260,000

January 23, 2025

Price changed to £270,000

September 26, 2024

Listed for £280,000

June 14, 2024

Sold for £67,500

2008

Sold for £132,000

2005

Floor Plans

Description

  • SEMI DETACHED HOUSE +
  • THREE BEDROOMS +
  • OFF ROAD PARKING +
  • SOUGHT AFTER LOCATION +

GUIDE PRICE £270,000 - £290,000 SEMI DETACHED HOUSE WITH OFF ROAD PARKING CLOSE BY TO THE UNIVERSITY Gilson Bailey are delighted to offer this WELL PRESENTED, THREE BEDROOM, SEMI DETACHED HOUSE tucked away to the west of Norwich. Accommodation comprising entrance hall, lounge/diner, kitchen and WC to the ground floor. On the first floor there are THREE BEDROOMS and a bathroom off landing. Outside there is a good sized, landscaped front garden and an enclosed rear garden with access to OFF ROAD PARKING SPACE. The house benefits from double glazing, gas heating and is in excellent condition throughout. The property would make an excellent first time purchase or buy-to-let investment so be quick to book a viewing.

Location - Gipsy Close is close by to many local amenities including schooling, popular local shops, supermarkets, pubs and restaurants with good access to and from the City Centre and ease of access to both the University of East Anglia and Norfolk and Norwich University Hospital. There is also easy access to the Norwich Ring Road, A47 southern bypass with links to the A11 and A140 and Longwater Retail Park.

Accommodation Comprises - Front door to:

Entrance Hall - Doors to lounge/diner, kitchen, WC and stairs to first floor.

Lounge/Diner - 4.76 x 4.69 (15'7" x 15'4") - Two double glazed window, two radiators, door to rear.

Kitchen - 2.64 x 2.62 (8'7" x 8'7") - Fitted wall and base units with worktops over, sink and drainer, space for cooker, fridge/freezer and washing machine, double glazed window.

Wc - 2.70 x 1.12 (8'10" x 3'8") - Low level WC, hand wash basin, radiator, frosted double glazed window with shutters.

First Floor Landing - Doors to three bedrooms and bathroom.

Bedroom One - 4.35 x 2.47 (14'3" x 8'1") - Double glazed window, radiator.

Bedroom Two - 4.55 x 2.64 (14'11" x 8'7") - Double glazed window, radiator.

Bedroom Three - 2.92 x 2.09 (9'6" x 6'10") - Double glazed window, radiator.

Bathroom - 2.81 x 2.42 (9'2" x 7'11") - Panelled bath with shower over, low level WC, hand wash basin, radiator, frosted double glazed window.

Outside Front - Good sized garden enclosed by hedging and fencing with path to front door.

Outside Rear - Patio seating area, shingled garden, enclosed by fencing with rear gate access to off road parking space and side access to purpose built shed.

Local Authority - Norwich City Council, Tax Band B.

Tenure - Freehold

Utilities - Ultrafast full fibre broadband available.
Mains water and electric.

Agent Details

Gilson Bailey, Norwich

01603 361812

Next Steps?

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