5 Bed HMO, Norwich, NR2 4GZ £290,000


ValuationUndervalued
| Sold Prices | £307K - £2.0M |
| Sold Prices/m² | £1.5K/m² - £6.2K/m² |
| |
Square Metres | ~178.28 m² |
| Price/m² | £1.6K/m² |
Value Estimate | £350,900£350,900 |
| BMV | 21% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £72,500£72,500 |
Stamp Duty & Legal Fees | £20,200£20,200 |
Total Cash In | £92,700£92,700 |
| |
Cash Out | |
Room Rate | £540£540 |
Gross Rent | £2,700 |
Running Costs/mo | £2,036£2,036 |
Cashflow/mo | £664£664 |
Cashflow/yr | £7,970£7,970 |
ROI | 9%9% |
Gross Yield | 11%11% |
Local Sold Prices
50 sold prices from £307K to £2.0M, average is £580.3K. £1.5K/m² to £6.2K/m², average is £3.4K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | ||
| £345K | 05/25 | 0.03 mi | 318, Heigham Street, Norwich NR2 4LS | £2,500 | 138 | 5 | Semi-Detached House | ||
| £345K | 05/25 | 0.03 mi | 318, Heigham Street, Norwich NR2 4LS | - | - | 5 | Semi-Detached House | ||
| £595K | 11/23 | 0.8 mi | 138, Earlham Road, Norwich, Norfolk NR2 3HF | - | - | 5 | Terraced House | ||
| £675K | 06/21 | 0.81 mi | 161, Earlham Road, Norwich, Norfolk NR2 3RG | - | - | 5 | Terraced House | ||
| £1.2M | 12/22 | 0.82 mi | 18, Mill Hill Road, Norwich, Norfolk NR2 3DP | - | - | 5 | Semi-Detached House | ||
| £550K | 11/21 | 0.82 mi | 8, Mill Hill Road, Norwich, Norfolk NR2 3DP | £3,235 | 170 | 5 | Semi-Detached House | ||
| £315K | 01/24 | 0.86 mi | 1, Catton Grove Road, Norwich, Norfolk NR3 3NJ | £1,522 | 207 | 5 | Terraced House | ||
| £707.5K | 06/21 | 0.91 mi | 2, Clarendon Road, Norwich, Norfolk NR2 2PW | £4,066 | 174 | 5 | Terraced House | ||
| £430K | 07/21 | 0.92 mi | 20, Catton Grove Road, Norwich, Norfolk NR3 3NH | £2,829 | 152 | 5 | Detached House | ||
| £700K | 07/22 | 0.92 mi | 170, College Road, Norwich, Norfolk NR2 3JA | - | - | 5 | Detached House | ||
| £683K | 03/24 | 0.96 mi | 70, Mill Hill Road, Norwich NR2 3DS | £3,614 | 189 | 5 | Detached House | ||
| £820K | 08/23 | 0.97 mi | 40, Grosvenor Road, Norwich, Norfolk NR2 2PZ | £4,249 | 193 | 5 | Terraced House | ||
| £427K | 05/23 | 0.99 mi | 11, Doris Road, Norwich, Norfolk NR2 3EJ | £3,472 | 123 | 5 | Terraced House | ||
| £605K | 03/25 | 1.03 mi | 102, Avenue Road, Norwich NR2 3HP | £3,758 | 161 | 5 | Detached House | ||
| £605K | 03/25 | 1.03 mi | 102, Avenue Road, Norwich NR2 3HP | - | - | 5 | Detached House | ||
| £565K | 08/22 | 1.04 mi | 54, Constitution Hill, Norwich, Norfolk NR3 4BT | £6,209 | 91 | 5 | Detached House | ||
| £307K | 03/25 | 1.05 mi | 11, Overbury Road, Norwich NR6 5LB | £2,693 | 114 | 5 | Semi-Detached House | ||
| £390K | 09/23 | 1.05 mi | 24, Whitehall Road, Norwich, Norfolk NR2 3EW | £3,750 | 104 | 5 | Terraced House | ||
| £430K | 03/24 | 1.08 mi | 450, Earlham Road, Norwich, Norfolk NR4 7HL | £3,525 | 122 | 5 | Semi-Detached House | ||
| £467K | 12/23 | 1.08 mi | 452, Earlham Road, Norwich, Norfolk NR4 7HL | - | - | 5 | Semi-Detached House | ||
| £658K | 06/21 | 1.1 mi | 53, The Avenues, Norwich, Norfolk NR2 3QR | - | - | 5 | Detached House | ||
| £345K | 06/23 | 1.12 mi | 11, Overbury Road, Norwich, Norfolk NR6 5LB | £2,805 | 123 | 5 | Semi-Detached House | ||
| £630K | 09/24 | 1.14 mi | 144, Christchurch Road, Norwich NR2 3PG | £4,437 | 142 | 5 | Detached House | ||
| £630K | 09/24 | 1.14 mi | 144, Christchurch Road, Norwich NR2 3PG | - | - | 5 | Detached House | ||
| £425K | 08/21 | 1.15 mi | 11, Pigg Lane, Norwich, Norfolk NR3 1RS | £3,320 | 128 | 5 | Terraced House | ||
| £470K | 07/23 | 1.15 mi | 12, Pigg Lane, Norwich, Norfolk NR3 1RS | £3,602 | 130 | 5 | Terraced House | ||
| £677.3K | 06/21 | 1.15 mi | 119, Christchurch Road, Norwich, Norfolk NR2 3PG | £3,602 | 188 | 5 | Detached House | ||
| £790K | 05/23 | 1.15 mi | 117, Christchurch Road, Norwich, Norfolk NR2 3PG | - | - | 5 | Detached House | ||
| £555K | 10/24 | 1.16 mi | 108, Constitution Hill, Norwich NR3 4BB | £2,891 | 192 | 5 | Semi-Detached House | ||
| £580.5K | 03/23 | 1.2 mi | 501, Earlham Road, Norwich, Norfolk NR4 7HN | - | - | 5 | Semi-Detached House | ||
| £725K | 08/22 | 1.25 mi | 88, Christchurch Road, Norwich, Norfolk NR2 3NG | - | - | 5 | Detached House | ||
| £625K | 06/21 | 1.27 mi | 3, Marionville Road, Norwich, Norfolk NR3 4DB | £3,397 | 184 | 5 | Detached House | ||
| £487.5K | 01/23 | 1.31 mi | 33, Phillipa Flowerday Plain, Norwich, Norfolk NR2 2TA | - | - | 5 | Terraced House | ||
| £527.5K | 09/23 | 1.31 mi | 18, Phillipa Flowerday Plain, Norwich, Norfolk NR2 2TA | £3,085 | 171 | 5 | Terraced House | ||
| £580K | 12/22 | 1.33 mi | 18, Jessopp Road, Norwich, Norfolk NR2 3QA | £4,603 | 126 | 5 | Semi-Detached House | ||
| £385K | 11/24 | 1.33 mi | 4, Harlington Avenue, Norwich NR6 5LJ | £2,770 | 139 | 5 | Semi-Detached House | ||
| £750K | 03/23 | 1.34 mi | 59, Mount Pleasant, Norwich, Norfolk NR2 2DQ | - | - | 5 | Semi-Detached House | ||
| £435K | 06/23 | 1.36 mi | 9, Edward Jodrell Plain, Norwich, Norfolk NR2 2TD | £2,959 | 147 | 5 | Terraced House | ||
| £950K | 07/22 | 1.36 mi | 202, Unthank Road, Norwich, Norfolk NR2 2AH | - | - | 5 | Detached House | ||
| £555K | 06/21 | 1.38 mi | 55, Low Road, Hellesdon, Norwich, Norfolk NR6 5AF | £2,721 | 204 | 5 | Detached House | ||
| £560K | 07/24 | 1.38 mi | 63, Low Road, Hellesdon, Norwich, Norfolk NR6 5AF | £3,094 | 181 | 5 | Semi-Detached House | ||
| £330K | 11/23 | 1.4 mi | 78, Oval Road, Norwich, Norfolk NR5 0DQ | - | - | 5 | Terraced House | ||
| £610K | 03/25 | 1.42 mi | 206, Constitution Hill, Norwich NR3 4HB | £1,993 | 306 | 5 | Detached House | ||
| £610K | 03/25 | 1.42 mi | 206, Constitution Hill, Norwich NR3 4HB | - | - | 5 | Detached House | ||
| £2.0M | 05/22 | 1.45 mi | 20, Christchurch Road, Norwich, Norfolk NR2 2AE | - | - | 5 | Detached House | ||
| £420K | 07/21 | 1.46 mi | 5, Salter Avenue, Norwich, Norfolk NR4 7LX | - | - | 5 | Detached House | ||
| £650K | 12/22 | 1.47 mi | 1, Colkett Drive, Old Catton, Norwich, Norfolk NR6 7ND | - | - | 5 | Detached House | ||
| £1.4M | 07/24 | 1.49 mi | 41, Newmarket Road, Norwich NR2 2HN | £4,927 | 274 | 5 | Detached House | ||
| £900K | 03/23 | 1.52 mi | 57, Newmarket Road, Norwich, Norfolk NR2 2HW | - | - | 5 | Terraced House | ||
| £577.5K | 06/23 | 1.54 mi | 15, Baltic Wharf, Norwich, Norfolk NR1 1QA | £4,393 | 131 | 5 | Terraced House |
Local Area Statistics
Population in NR2 | 25,78225,782 |
Population in Norwich | 366,887366,887 |
Town centre distance | 0.72 miles away0.72 miles away |
Nearest school | 0.30 miles away0.30 miles away |
Nearest train station | 1.66 miles away1.66 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | -1%-1% |
Sales demand | Seller's marketSeller's market |
Capital growth (5yrs) | +19%+19% |
Property History
Listed for £290,000
August 9, 2024
Floor Plans
Description
- No Onward Chain +
- Currently Let As A Norwich City Licensed HMO Professional Multi-Let +
- Potential Rental of £2700 PCM Including Bills +
- Five Bedrooms +
- Two Bathrooms & A Separate Cloakroom +
- Lounge/Diner With A Balcony +
- Fitted Kitchen +
- Enclosed Courtyard Garden +
- Integral Single Garage & A Parking Space +
- Communal Landscaped Garden +
Guide Price £290,000- £300,000 Priced to sell!! No Onward Chain. This three storey mid terrace house,was let as a Norwich City Licensed HMO professional multi-let, with potential of £2700 per calendar month, including bills. The accommodation comprises five bedrooms plus a study, two bathrooms, and one cloakroom. The property features a fitted kitchen and a good sized lounge/diner with balcony. Benefits include double glazing and gas central heating. Externally, there is an enclosed paved rear courtyard garden and an integral single garage. Residents can also enjoy the communal landscaped garden area adjacent to the river with stunning views and seating areas.
Old Laundry Court is situated just West of the City centre of Norwich and offers an enviable living experience close to the City centre. This prime location provides easy access to local amenities that include supermarkets, pubs, beautiful parks and vibrant community spaces. Residents can enjoy leisurely walks along the river, which the property is opposite to, adding to its serene and picturesque charm.
Part glazed front door to:-
Entrance Hall
Part glazed front door to:-
Bedroom 1 - 14'2" (4.32m) x 8'8" (2.64m)
Double glazed door to the rear.
Bedroom 2 - 12'9" (3.89m) x 7'4" (2.24m)
Double glazed door to the rear.
Cloakroom
Low level WC, wash basin, tiled splashbacks.
First Floor Landing
Staircase to the second floor.
Bedroom 3 - 11'10" (3.61m) x 10'10" (3.3m)
Double glazed window to the rear.
Kitchen - 11'9" (3.58m) x 7'9" (2.36m)
Double glazed window to the rear, fitted with a range base units, work surfaces, inset one and a half bowl sink and drainer with mixer tap over, tiled splashbackd, space for a washing machine and fridge/freezer, electric hob with extractor hood over, electric oven and grill.
Lounge/Diner - 15'0" (4.57m) x 10'3" (3.12m)
Double glazed French doors to the balcony.
Second Floor Landing
Doors to:-
Bedroom 4 - 13'7" (4.14m) x 13'4" (4.06m) Max
Double glazed window to the front, door to:-
En-Suite
Shower cubicle, wash basin, low level WC, tiled splashbacks, extractor fan.
Bedroom 5 - 9'0" (2.74m) x 7'11" (2.41m)
Double glazed window to the rear.
Study - 12'8" (3.86m) x 8'6" (2.59m)
Double glazed window to the rear.
Bathroom
Panelled bath with shower over, wash basin, low level WC, extractor fan, tiled splashbacks.
Outside
Access to the integral single garage with up and over door, 14` plus recess x 9`5`. To the rear brick walling encloses a paved courtyard garden. There is an attractive landscaped communal garden area opposite which is lawned with well stocked shrub and flower borders and rose beds with seating areas overlooking the River Wensum.
Agents Note
HMO license valid until 21/08/2028.
Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.