5 Bed Detached House, Single Let, Norwich, NR6 7NW, £425,000

The Warren, Old Catton, Norwich, Norfolk, NR6 7NW - 9 months ago

BTL
~178 m²
+13 photos

ValuationUndervalued

Sold Prices£218K - £650K
Sold Prices/m²£1.5K/m² - £6.8K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.4K/m²

Value Estimate

£522,750
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Rent Range

£1,050 - £1,750

Rent Estimate

£1,100

Running Costs/mo

£1,568

Cashflow/mo

£-468

Cashflow/yr

£-5,617

Gross Yield

3%

Local Sold Prices

34 sold prices from £218K to £650K, average is £427.5K. £1.5K/m² to £6.8K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£650K12/220.27 mi1, Colkett Drive, Old Catton, Norwich, Norfolk NR6 7ND5
£575K10/200.28 mi7, English Road, Norwich, Norfolk NR6 7RL5
£625K06/210.5 mi3, Marionville Road, Norwich, Norfolk NR3 4DB5
£625K06/210.5 mi3, Marionville Road, Norwich, Norfolk NR3 4DB5
£360K02/210.55 mi22, Oak Lane, Norwich, Norfolk NR3 3QG5
£650K10/200.55 mi5, St Clements Hill, Norwich, Norfolk NR3 4DE5
£595K12/200.55 mi47, Constitution Hill, Norwich, Norfolk NR3 4HA5
£415K05/210.61 mi20, Marauder Road, Norwich, Norfolk NR6 6HD5
£535K11/200.68 mi101, Lodge Lane, Norwich, Norfolk NR6 7HQ5
£425K02/210.72 mi1, Aylesbury Close, Norwich, Norfolk NR3 3LB5
£415K08/230.79 mi121, Windsor Park Gardens, Norwich, Norfolk NR6 7PT5
£430K07/210.83 mi20, Catton Grove Road, Norwich, Norfolk NR3 3NH5
£465K11/220.86 mi3, Blackburn Road, Norwich, Norfolk NR6 6GG5
£385K06/210.86 mi5, Blackburn Road, Norwich, Norfolk NR6 6GG5
£315K01/240.88 mi1, Catton Grove Road, Norwich, Norfolk NR3 3NJ5
£415K06/230.91 mi2, Hartbee Road, Norwich, Norfolk NR6 6GJ5
£625K08/230.91 mi6, Blenheim Road, Norwich, Norfolk NR7 8AH5
£565K08/220.95 mi54, Constitution Hill, Norwich, Norfolk NR3 4BT5
£430K02/211.04 mi42, Waldemar Avenue, Norwich, Norfolk NR6 6TB5
£305K10/201.1 mi16, Copenhagen Way, Norwich, Norfolk NR3 2RB5
£250K03/211.2 mi2, Prince Andrews Road, Norwich, Norfolk NR6 6XG5
£345K06/231.29 mi11, Overbury Road, Norwich, Norfolk NR6 5LB5
£545K01/211.31 mi87, Cromer Road, Norwich, Norfolk NR6 6XW5
£380K03/211.42 mi32, Buxton Road, Norwich, Norfolk NR3 3HH5
£335.5K12/201.42 mi80, Reepham Road, Norwich, Norfolk NR6 5LT5
£500K11/201.62 mi14, Pinewood Close, Norwich, Norfolk NR6 5LX5
£339K04/211.66 mi179, Holt Road, Norwich, Norfolk NR6 6UA5
£396K06/211.8 mi25, Britannia Road, Norwich, Norfolk NR1 4HP5
£425K08/211.85 mi11, Pigg Lane, Norwich, Norfolk NR3 1RS5
£470K07/231.85 mi12, Pigg Lane, Norwich, Norfolk NR3 1RS5
£218K02/211.89 mi24, Barclay Road, Norwich, Norfolk NR7 9QA5
£485K04/211.89 mi3, The Moorings, Norwich, Norfolk NR3 3AX5
£450K04/211.92 mi255, Reepham Road, Norwich, Norfolk NR6 5QH5
£406.4K12/231.97 mi80, Harvey Lane, Norwich, Norfolk NR7 0AQ5

Local Rents

16 rents from £1.1K/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,60006/240.12 miChurch Street, Old Catton, Norwich4
£1,75012/240.2 mi-3
£1,35006/240.23 miMoore Avenue, NR64
£1,05006/240.27 miSpixworth Road, Old Catton, Norwich, NR63
£1,05003/250.3 mi-3
£1,30012/240.34 miNorth Walsham Road, Norwich3
£1,30012/240.4 mi-3
£1,20012/240.52 miPriors Drive, Norwich3
£1,30004/250.52 mi-3
£1,40006/240.55 miThree Corner Drive, Norwich3
£1,10012/240.55 miOld Catton3
£1,20003/250.57 mi-3
£1,20008/240.58 mi-3
£1,20007/240.58 miShipfield, Norwich, NR33
£1,15006/240.59 mi-4
£1,10006/240.59 miRosebay Close, Norwich3

Local Area Statistics

Population in NR6

24,173

Population in Norwich

366,887

Town centre distance

1.41 miles away

Nearest school

0.20 miles away

Nearest train station

2.25 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £425,000

July 5, 2024

Floor Plans

Description

  • Guide Price £425,000 - £450,000 +
  • 4 Bedroom Detached Family Home +
  • Self-Contained 2 Storey Annexe +
  • No Onward Chain +
  • 16ft Lounge & Modern Kitchen +
  • Dining Room With By-Fold Doors +
  • Double Glazed With Gas Central Heating +
  • Corner Plot With Well-Maintained Gardens +
  • Off Road Parking To Drive & Garage +
  • Close To Shops, Schools & Open Green Spaces +

Situated in cul de sac position in the sought-after north Norwich suburb of Old Catton is this extended and well-presented four/five-bedroom detached family home. Offered with no onward chain, this stunning property has been a much-loved family home for decades and is now ready to welcome its lucky new owners who are guaranteed to be extremely happy for many years to come.

The generous and well-appointed accommodation on offer includes a 16ft lounge with separate dining room with by-fold doors and a modern kitchen to the ground floor. Upstairs you will find three generous sized bedrooms and a bathroom off the main landing, from here an access door leads to an additional landing area where you will find the annexe bedroom and lounge/bedroom five as well as a shower room. A separate set of stairs leads down to a ground floor room where the annexe is accessed, this room was once a kitchen and lends itself to being easily converted back. The property also benefits from double glazing and gas central heating.

Outside, to the front of the property is a well-maintained garden which is laid mainly to lawn with gated access leading to the rear. There is also a drive with off road parking leading to 21ft garage which is complete with power and light. To the rear is a fully enclosed garden which is laid to lawn with a variety of attractive plants and shrubs and an undercover patio area as well as rear doors into the main house and a door into the annexe.

The property is perfectly situated with convenient access to local amenities as well as primary and junior schools. In addition, the property is just over two miles from the historic city of Norwich as well as being close to the well-renowned Catton Park, a grade II listed seventy-acre picturesque green space ideal for an afternoon stroll or for walking the dog.
With a realistic guide price and with family homes in this location being in constant high demand, registering your early interest is highly recommended. Please call Winkworth now to arrange a viewing but be quick as this wonderful opportunity will not be available for long.

AGENTS NOTES
Council Tax Band - D
Local Authority - Broadland
We have been advised that the property is connected to mains water, electricity and gas

Agent Details

Winkworth, Hellesdon

01603 361844

Next Steps?

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