5 Bed Terraced House, Refurb/BRRR, Norwich, NR2 3JA, £575,000

College Road, Golden Triangle, NR2 3JA - 8 months ago

Sold STC
BTL
Refurb/BRRR
~167 m²
+17 photos

ValuationOvervalued

Sold Prices£245K - £2.0M
Sold Prices/m²£2.3K/m² - £7K/m²

 

 

Square Metres

~167 m²
Price/m²£3.4K/m²

Value Estimate

£544,387

 

 

End Value (After Refurb)

£597,261

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£143,750

Stamp Duty & Legal Fees

£46,200

Refurb Costs

£75,518

Bridging Loan Interest

£15,094

Total Cash In

£282,312

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£597,261

Mortgage (After Refinance)

£447,945

Mortgage LTV

75%

Cash Released

£16,695

Cash Left In

£265,616

Equity

£149,315

Rent Range

£990 - £2,904

Rent Estimate

£1,541

Running Costs/mo

£2,195

Cashflow/mo

£-654

Cashflow/yr

£-7,844

Gross Yield

3%

Local Sold Prices

50 sold prices from £245K to £2.0M, average is £659K. £2.3K/m² to £7K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£700K07/220 mi170, College Road, Norwich, Norfolk NR2 3JA5
£595K11/230.12 mi138, Earlham Road, Norwich, Norfolk NR2 3HF5
£675K06/210.12 mi161, Earlham Road, Norwich, Norfolk NR2 3RG5
£660K03/210.14 mi43, The Avenues, Norwich, Norfolk NR2 3PH5
£390K09/230.22 mi24, Whitehall Road, Norwich, Norfolk NR2 3EW5
£427K05/230.24 mi11, Doris Road, Norwich, Norfolk NR2 3EJ5
£658K06/210.25 mi53, The Avenues, Norwich, Norfolk NR2 3QR5
£677.3K06/210.26 mi119, Christchurch Road, Norwich, Norfolk NR2 3PG5
£790K05/230.26 mi117, Christchurch Road, Norwich, Norfolk NR2 3PG5
£695K03/210.27 mi223a, Earlham Road, Norwich, Norfolk NR2 3RQ5
£725K08/220.33 mi88, Christchurch Road, Norwich, Norfolk NR2 3NG5
£820K08/230.36 mi40, Grosvenor Road, Norwich, Norfolk NR2 2PZ5
£1.2M12/220.36 mi18, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£550K11/210.36 mi8, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£707.5K06/210.41 mi2, Clarendon Road, Norwich, Norfolk NR2 2PW5
£580K12/220.45 mi18, Jessopp Road, Norwich, Norfolk NR2 3QA5
£647.5K02/210.47 mi205, Dereham Road, Norwich, Norfolk NR2 3TE5
£950K07/220.48 mi202, Unthank Road, Norwich, Norfolk NR2 2AH5
£750K03/230.51 mi59, Mount Pleasant, Norwich, Norfolk NR2 2DQ5
£430K03/240.54 mi450, Earlham Road, Norwich, Norfolk NR4 7HL5
£467K12/230.54 mi452, Earlham Road, Norwich, Norfolk NR4 7HL5
£2.0M05/220.56 mi20, Christchurch Road, Norwich, Norfolk NR2 2AE5
£672K05/240.65 mi40, Mile End Road, Norwich, Norfolk NR4 7QX5
£1.0M03/230.65 mi19, Mile End Road, Norwich, Norfolk NR4 7QX5
£580.5K03/230.69 mi501, Earlham Road, Norwich, Norfolk NR4 7HN5
£435K06/230.74 mi9, Edward Jodrell Plain, Norwich, Norfolk NR2 2TD5
£575K03/210.74 mi11, Phillipa Flowerday Plain, Norwich, Norfolk NR2 2TA5
£487.5K01/230.74 mi33, Phillipa Flowerday Plain, Norwich, Norfolk NR2 2TA5
£527.5K09/230.74 mi18, Phillipa Flowerday Plain, Norwich, Norfolk NR2 2TA5
£715K03/230.74 mi36, Mile End Road, Norwich, Norfolk NR4 7QY5
£555K11/210.74 mi20, Mile End Road, Norwich, Norfolk NR4 7QY5
£532K03/210.74 mi14, Mile End Road, Norwich, Norfolk NR4 7QY5
£900K03/230.75 mi57, Newmarket Road, Norwich, Norfolk NR2 2HW5
£1.2M09/210.76 mi83, Newmarket Road, Norwich, Norfolk NR2 2HP5
£1.3M11/230.76 mi87, Newmarket Road, Norwich, Norfolk NR2 2HP5
£246K06/210.77 mi158, Northfields, Norwich, Norfolk NR4 7EX5
£245K11/230.77 mi186, Northfields, Norwich, Norfolk NR4 7EX5
£350K06/210.79 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB5
£758K03/210.79 mi29, Newmarket Road, Norwich, Norfolk NR2 2HN5
£985K02/230.81 mi381, Unthank Road, Norwich, Norfolk NR4 7QG5
£1.4M05/210.82 mi111, Newmarket Road, Norwich, Norfolk NR2 2HT5
£1.0M12/220.85 mi5, Lime Tree Road, Norwich, Norfolk NR2 2NF5
£420K10/200.85 mi35, Primula Drive, Norwich, Norfolk NR4 7LZ5
£485K04/210.86 mi3, The Moorings, Norwich, Norfolk NR3 3AX5
£420K07/210.88 mi5, Salter Avenue, Norwich, Norfolk NR4 7LX5
£335K10/200.88 mi6, Salter Avenue, Norwich, Norfolk NR4 7LX5
£350K12/200.89 mi12, Jasmine Close, Norwich, Norfolk NR4 7NE5
£665K11/200.91 mi36, Kingsley Road, Norwich, Norfolk NR1 3RB5
£580K03/210.94 mi15, Grove Avenue, Norwich, Norfolk NR1 2QB5
£740K03/230.98 mi17, Judges Walk, Norwich, Norfolk NR4 7QF5

Local Rents

50 rents from £990/mo to £2.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35009/240.08 miCaernarvon Road, Norwich, NR23
£1,07506/240.09 miCaernarvon Road, Norwich, NR2 3HY3
£1,25006/240.09 miCaernarvon Road, NORWICH4
£1,50006/240.1 miEarlham Road, NR24
£1,20006/240.11 miDenbigh Road, Norwich, NR2 3HH3
£99002/240.12 mi-3
£99005/240.12 mi-3
£1,05008/240.12 mi-3
£1,30006/240.13 miWellington Road, Norwich, NR23
£1,30006/240.13 miWellington Road, Norwich3
£1,26006/240.14 miSwansea Road, Norwich NR2 3HU3
£1,60006/240.14 miWellington Road, Norwich NR2 3HT4
£1,30006/240.15 miWellington Road, NORWICH3
£1,60006/240.17 miDenbigh Road, Norwich NR2 3AA4
£1,52006/240.17 miDenbigh Road, Norwich, NR2 3AA4
£1,15006/240.17 miCardiff Road, Norwich, NR23
£1,15006/240.17 mi-3
£1,40003/250.18 mi-3
£1,85008/240.18 miCardiff Road, Norwich, NR24
£1,85009/240.18 miCardiff Road, Norwich, NR24
£1,30007/240.18 miCardiff Road STUDENT, Norwich, NR24
£1,69007/240.2 miAvenue Road4
£1,65006/240.22 mi-4
£1,36506/240.22 miAvenue Road, Norwich, NR24
£1,60006/240.22 miAvenue Road, NORWICH4
£1,56006/240.24 miAvenue Road, Norwich NR2 3HL4
£1,80006/240.24 miSandringham Road, Norwich4
£1,99506/240.24 miDoris Road, Norwich, Norfolk, NR25
£1,90006/240.25 mi-5
£1,60006/240.25 miDoris Road, Norwich NR2 3EJ4
£2,00006/240.26 mi-4
£2,00006/240.26 mi-5
£2,00006/240.26 miAvenue Rd, Norwich, Golden Triangle, NR25
£1,65006/240.26 miLincoln Street, Norwich, NR24
£1,60006/240.26 miLincoln Street, Norwich, NR24
£1,70012/240.26 mi-4
£1,50003/250.26 mi-3
£1,40006/240.26 miGlebe Road, Norwich, NR24
£1,25007/240.26 miPortersfield Road, Norwich, NR23
£1,30009/240.26 miPortersfield Road, Norwich, NR23
£2,20006/240.27 miEarlham Road4
£1,60008/240.27 miCollege Road, Norwich3
£2,65003/250.27 mi-5
£1,20006/240.27 miAvenue Road, Norwich NR2 3HW3
£1,26006/240.27 miAvenue Road, Norwich NR2 3HN3
£1,37006/240.28 miConnaught Road, Norwich, NR23
£1,70007/240.28 miPortland Street, Norwich3
£2,90407/240.28 miLincoln Street*5
£99506/240.29 miGlebe Road, Norwich, NR23
£99506/240.29 miGlebe Road, Norwich, NR23

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

1.23 miles away

Nearest train station

1.55 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £575,000

July 26, 2024

Floor Plans

Description

  • Substantial mid-terraced property, situated in the sought-after Golden Triangle, offered chain free +
  • Approx. 1,794 sq/ft. boasting period features including high ceilings and ornate fireplaces +
  • 4 first floor bedrooms including a bay-fronted bedroom 2 +
  • 19’3 second floor main bedroom suite featuring roof windows and en-suite +
  • 16’6 kitchen/breakfast room leading to additional living space, creating a heart of the home feel +
  • 13’8 bay-fronted lounge and separate dining room, both featuring ornate fireplaces +
  • In need of updating however offers huge potential! +
  • Ground floor shower room, first floor family bathroom and second floor en-suite +
  • Gas central heating, double glazing and on street permit parking +
  • Enclosed rear garden with lawn and patio seating area +

SUMMARY Offered chain free and nestled in the desirable Golden Triangle, this substantial Victorian family home, in need of updating but with huge potential, effortlessly blends original character with contemporary living over 3 storeys. High ceilings, ornate fireplaces, and bay windows enhance its period charm, offering approximately 1,794 sq/ft. of accommodation, complete with a kitchen/breakfast room, separate dining room and adjacent lounge, plus a private garden sanctuary. 

OUTSIDE Tucked away from the vibrant city centre, the rear garden of this Victorian family home is a peaceful sanctuary, measuring approx. 35' x 20' max. and featuring an area of lawn, mature borders and a charming patio presenting the perfect spot for outdoor dining or unwinding. An added benefit is the shared alleyway access to the rear, which brings practicality to this enchanting outdoor area. Set in a sought-after location complete with the convenience of on-street permit parking, making it a true gem in the Golden Triangle. 

DIRECTIONS Head out of the city on Earlham Road and turn left onto College Road before the parade of shops. Follow the road where the property can be found on the right-hand side. 

LOCAL AUTHORITY Norwich 

COUNCIL TAX BAND

We offer a professional, ARLA accredited Lettings and Management Service via our affiliated agency, Dragonfly Lettings. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free, no obligation review of your current portfolio then please contact the office to discuss this further. 

DISCLAIMER While we have made diligent efforts to ensure the accuracy of the information relating to each property at the point of listing, you are advised to consult the official local council website for details on conservation areas, flood risks, tree preservation orders, planning applications, and other relevant aspects. These details are for guidance purposes only and we do not seek advice from the seller's legal representative in their preparation. We also strongly advise that you inspect the property and surrounding area on Google Maps and Street View prior to viewing. The photographs do not infer that items shown are included in the sale, the measurements quoted are approximate and the fixtures, fittings and appliances have not been tested, therefore no guarantee can be given that they are in working order. If there is any point which is of particular importance to you then please obtain professional confirmation of it. 

Should you wish to view one of our properties, we will require certain pieces of personal information from you in order to provide a professional service to you and our client, the seller. The personal information you provide to us will be shared with the seller, but it will not be shared with any other third parties without your consent.

Should you wish to proceed and make an offer on a property, some of the personal information you provide to us will be passed to the seller. Again, it will not be shared with any other third parties without your consent.

More information on how we hold and process your data is available upon request or on our website.

Agent Details

Hammond & Stratford, Norwich

01603 361699

Next Steps?

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