2 Bed Terraced House, Single Let, Norwich, NR3 4TT, £180,000

Silver Street, Norwich, NR3 4TT - 8 months ago

BTL
ROI: 3%
~68 m²
+13 photos

ValuationUndervalued

Sold Prices£163K - £305K
Sold Prices/m²£2.4K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£203,621
BMV13%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£895

Running Costs/mo

£762

Cashflow/mo

£134

Cashflow/yr

£1,602

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £163K to £305K, average is £210K. £2.4K/m² to £4.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£190.3K06/230.03 mi77, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£240K10/220.03 mi82, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£216K03/230.06 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£185K02/210.06 mi78, Wodehouse Street, Norwich, Norfolk NR3 4TZ2
£189K02/210.07 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£230K12/200.07 mi47, Wodehouse Street, Norwich, Norfolk NR3 4TY2
£235K05/230.08 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£163K03/210.08 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£253K10/230.08 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£219K10/230.1 mi121, Marlborough Road, Norwich, Norfolk NR3 4PL2
£210K11/200.1 mi87, Marlborough Road, Norwich, Norfolk NR3 4PL2
£240K12/220.1 mi103, Marlborough Road, Norwich, Norfolk NR3 4PL2
£200K05/230.11 mi40, Silver Road, Norwich, Norfolk NR3 4TB2
£191K11/220.12 mi36, Cowgate, Norwich, Norfolk NR3 1SY2
£265K01/230.12 mi23, Cowgate, Norwich, Norfolk NR3 1SZ2
£192.5K02/210.13 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£230K08/230.13 mi176, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£225K01/210.13 mi80, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£180K12/200.13 mi17, Willis Street, Norwich, Norfolk NR3 1SW2
£196K06/210.13 mi9, Willis Street, Norwich, Norfolk NR3 1SW2
£195K07/210.14 mi97, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£240K10/230.14 mi129, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£206.5K09/210.14 mi105, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£220K12/200.14 mi127, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£168K07/230.15 mi30, Beaconsfield Road, Norwich, Norfolk NR3 4PW2
£195K01/230.15 mi11, St Pauls Square, Norwich, Norfolk NR3 1SN2
£206.5K12/230.16 mi26, Morley Street, Norwich, Norfolk NR3 1ND2
£168K12/200.16 mi69, Peacock Street, Norwich, Norfolk NR3 1TB2
£248K12/210.16 mi61, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£245K02/240.16 mi5, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£210K07/210.17 mi155, Knowsley Road, Norwich, Norfolk NR3 4PT2
£201K04/210.17 mi123, Knowsley Road, Norwich, Norfolk NR3 4PT2
£192K01/210.18 mi57, Knowsley Road, Norwich, Norfolk NR3 4PR2
£237.6K01/230.18 mi45, Knowsley Road, Norwich, Norfolk NR3 4PR2
£203.5K11/200.19 mi58, Knowsley Road, Norwich, Norfolk NR3 4PS2
£232K06/230.19 mi6, Knowsley Road, Norwich, Norfolk NR3 4PS2
£249.5K06/230.19 mi56, Knowsley Road, Norwich, Norfolk NR3 4PS2
£183.5K11/210.19 mi96, Spencer Street, Norwich, Norfolk NR3 4PE2
£190K12/200.2 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£305K09/230.2 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£235K12/210.21 mi122, Churchill Road, Norwich, Norfolk NR3 4PZ2
£200K01/210.21 mi105, Churchill Road, Norwich, Norfolk NR3 4PZ2
£250K03/240.23 mi6, Churchill Road, Norwich, Norfolk NR3 4PY2
£225K02/240.23 mi44, Churchill Road, Norwich, Norfolk NR3 4PY2
£205K12/230.23 mi14, Churchill Road, Norwich, Norfolk NR3 4PY2
£204.1K03/210.23 mi48, Churchill Road, Norwich, Norfolk NR3 4PY2
£215K02/240.23 mi58, Churchill Road, Norwich, Norfolk NR3 4PY2
£230K08/230.23 mi107, Spencer Street, Norwich, Norfolk NR3 4PF2
£245K04/230.23 mi118, Spencer Street, Norwich, Norfolk NR3 4PF2
£207.5K12/200.24 mi114, Spencer Street, Norwich, Norfolk NR3 4PF2

Local Rents

48 rents from £825/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.06 miWodehouse Street, Norwich, Norfolk, NR32
£87507/240.06 miWodehouse Street, Norwich, NR32
£1,15006/240.07 miSilver Street, NR32
£95006/240.07 miSilver Street, Norwich, NR32
£1,15008/240.07 miSilver Street, Norwich2
£1,15009/240.07 miSilver Street, Norwich2
£90006/240.07 miBull Close Road, NORWICH2
£1,20007/240.08 miBull Close, NORWICH2
£82506/240.09 miYarn Mews, Norwich2
£1,10008/240.11 miMarlborough Road, Norwich, Norfolk, NR32
£1,30006/240.12 miSt James Quay, Norwich, NR32
£95001/250.12 mi-2
£99506/240.12 miSilver Road, Norwich, Norfolk, NR32
£1,29507/240.12 mi-2
£1,29405/240.12 mi-2
£1,29403/250.12 mi-2
£1,30006/240.12 miCowgate, Norwich, NR32
£1,25012/240.13 mi-2
£1,05006/240.13 miWillis Street, Norwich2
£95008/240.13 miWillis Street, NORWICH2
£99506/240.14 mi-2
£95008/240.14 miSilver Road, Norwich, Norfolk, NR32
£95006/240.14 miCross Keys Yard2
£95007/240.14 miCross Keys Yard2
£1,15007/240.15 miBeaconsfield Road, NR32
£1,20006/240.15 miMagdalen Street, Norwich2
£1,05006/240.16 miMorley Street, Norwich2
£1,05006/240.16 miPeacock Street, Norwich, Norfolk, NR32
£1,10006/240.16 miNorwich, NR32
£90009/240.17 miMagpie Road2
£1,20008/240.17 miBeaconsfield Road2
£89506/240.17 miNorth City2
£99506/240.17 miKnowsley Road, Norwich2
£1,10001/250.18 mi-2
£1,25006/240.18 miTypesetters Way, NR32
£99507/240.19 miMagpie Road, Norwich2
£1,25006/240.2 miMagdalen Road, Norwich, 2
£1,30006/240.2 miTypesetters Way, Printworks Drive, Norwich2
£92506/240.2 miEdward Street, Norwich2
£1,30006/240.21 miTypsetters Way, NR3 1FJ2
£95008/240.21 miDalymond Court, NR3 3FH2
£97508/240.21 miDalymond Court, Norwich, NR3 3FH2
£1,15007/240.22 miChurchill Road, Norwich2
£1,05007/240.23 miSpencer Street, Norwich, NR32
£89506/240.23 miGuernsey Road, Norwich2
£1,00008/240.24 miSpencer Street, Norwich, Norfolk, NR32
£1,25008/240.24 miSt. Olaves Road, Norwich, NR32
£1,00006/240.25 miClarke Road, Norwich, NR32

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.83 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Price changed to £180,000

December 27, 2024

Listed for £190,000

August 1, 2024

Floor Plans

Description

  • Sought after NR3 street +

  • Two bedroom, two reception room Victorian terrace +

  • Brilliant buy to let opportunity or first time buy +

  • UPVC sash windows +

  • Non-bisected garden +

  • Sought after one way road +

SUMMARY
THIS IMPRESSIVE TWO BEDROOM, TWO RECEPTION ROOM VICTORIAN TERRACE PROPERTY situated in one of the closest NR3 streets to the city centre. The property is being sold with the added benefit of NO ONWARD CHAIN! Early viewings are essential!!!

DESCRIPTION
A brilliant buy to let opportunity (or possible first time buy)! THIS IMPRESSIVE TWO BEDROOM, TWO RECEPTION ROOM VICTORIAN TERRACE PROPERTY situated on this highly popular street (a one way road) which is one of the closest NR3 streets to the city centre. This property boasts a non-bisected, pretty, enclosed rear garden with mature tree to front and easy permit on street parking, replacement gas fired boiler for heating and hot water, as well as UPVC sash style windows, it is a successful, ongoing buy to let but available to the whole market. Silver Street is within walking distance of an array of highly popular pubs and restaurants as well as city centre but of course Mousehold. The character includes original coving and ceiling rose to the lounge, with much onward potential also. The property is being sold with the added benefit of NO ONWARD CHAIN!

Early viewings are essential!!

Lounge 11' 8" x 11' ( 3.56m x 3.35m )
Feature fireplace, plinth, original ceiling rose, original coving and UPVC sash window to front aspect.

Inner Lobby 
Stairs to first floor.

Formal Dining Room 11' 9" x 11' 3" ( 3.58m x 3.43m )
UPVC sash window to rear aspect, fitted laminate flooring, radiator and understairs storage cupboard.

Kitchen 8' 1" x 6' 7" ( 2.46m x 2.01m )
Fitted range of eye & base level kitchen units, space for gas cooker, inset stainless steel sink unit, plumbing for washing machine, space for fridge, UPVC sash window to side aspect, door to garden and wall mounted boiler for heating & hot water.

First Floor Landing 

Bedroom One 11' 1" x 11' 8" ( 3.38m x 3.56m )
UPVC sash window to rear aspect, radiator and door to ensuite:-

Ensuite 
Paneled bath with attached shower, wash hand basin, wc, UPVC sash window to rear aspect and built in storage cupboard.

Bedroom Two 11' 8" x 11' 1" ( 3.56m x 3.38m )
Two UPVC windows to front aspect, built in storage cupboard and radiator.

Exterior 
The property has on street permit parking to front (Silver Street is a one way road that is quieter than most streets in this location), the front garden is enclosed by fencing with mature conifers affording the property privacy.

To the rear, there is a non-bisected rear garden mainly paved for low maintenance, with outside tap, gated rear access, non-bisected with garden shed.

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

01603 361933

Next Steps?

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