3 Bed Terraced House, Refurb/BRRR, Norwich, NR3 4QB, £230,000

55 St. Olaves Road, Norwich, NR3 4QB - 8 months ago

Under Offer
Refurb/BRRR
ROI: 2%
63 m²
+17 photos

ValuationOvervalued

Sold Prices£154K - £285K
Sold Prices/m²£2.2K/m² - £4K/m²

 

 

Square Metres

63 m²
Price/m²£3.7K/m²

Value Estimate

£174,250

 

 

End Value (After Refurb)

£240,000

Uplift in Value

+-4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£28,452

Bridging Loan Interest

£6,038

Total Cash In

£102,439

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£240,000

Mortgage (After Refinance)

£180,000

Mortgage LTV

75%

Cash Released

£7,500

Cash Left In

£94,939

Equity

£60,000

Rent Range

£900 - £1,600

Rent Estimate

£1,191

Running Costs/mo

£1,008

Cashflow/mo

£183

Cashflow/yr

£2,194

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £154K to £285K, average is £215K. £2.2K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£190K11/210.02 mi146, Silver Road, Norwich, Norfolk NR3 4TQ3
£154K05/210.03 mi140, Silver Road, Norwich, Norfolk NR3 4TG3
£236.3K01/240.04 mi91, Northcote Road, Norwich, Norfolk NR3 4QE3
£265K10/230.05 mi133, Churchill Road, Norwich, Norfolk NR3 4PZ3
£215K11/230.05 mi95, Churchill Road, Norwich, Norfolk NR3 4PZ3
£187.5K01/210.05 mi99, Churchill Road, Norwich, Norfolk NR3 4PZ3
£192K07/230.05 mi98, Churchill Road, Norwich, Norfolk NR3 4PZ3
£215K02/210.08 mi118a, Silver Road, Norwich, Norfolk NR3 4TF3
£201K04/210.08 mi123, Knowsley Road, Norwich, Norfolk NR3 4PT3
£220K05/230.08 mi159, Knowsley Road, Norwich, Norfolk NR3 4PT3
£205K11/200.09 mi31, Crome Road, Norwich, Norfolk NR3 4RG3
£277K04/230.09 mi35, Crome Road, Norwich, Norfolk NR3 4RG3
£194K05/210.09 mi39, Branford Road, Norwich, Norfolk NR3 4QD3
£275K09/230.09 mi21, Branford Road, Norwich, Norfolk NR3 4QD3
£240K07/230.1 mi111, Spencer Street, Norwich, Norfolk NR3 4PF3
£232.4K10/210.11 mi99, Spencer Street, Norwich, Norfolk NR3 4PE3
£250K12/220.11 mi93, Spencer Street, Norwich, Norfolk NR3 4PE3
£210K01/210.11 mi123, Beaconsfield Road, Norwich, Norfolk NR3 4AB3
£177.5K03/210.11 mi167, Beaconsfield Road, Norwich, Norfolk NR3 4AB3
£195K03/210.12 mi37, Bell Road, Norwich, Norfolk NR3 4RA3
£259K02/230.12 mi32, Northcote Road, Norwich, Norfolk NR3 4QF3
£189K02/210.13 mi70, Spencer Street, Norwich, Norfolk NR3 4PD3
£163K11/200.13 mi79, Spencer Street, Norwich, Norfolk NR3 4PD3
£255.3K01/230.13 mi172, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£215K02/210.13 mi82, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£212.5K01/230.13 mi136, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£195K02/230.13 mi134, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£190K06/230.13 mi20, Romany Road, Norwich, Norfolk NR3 4RE3
£230K09/210.13 mi18, Romany Road, Norwich, Norfolk NR3 4RE3
£253.5K02/240.13 mi25, Romany Road, Norwich, Norfolk NR3 4RE3
£253K05/210.14 mi23, Northcote Road, Norwich, Norfolk NR3 4QF3
£240K08/210.14 mi41, Southalls Way, Norwich, Norfolk NR3 4SA3
£281.5K08/230.14 mi41, Southalls Way, Norwich, Norfolk NR3 4SA3
£265K11/200.14 mi101, Southalls Way, Norwich, Norfolk NR3 4SA3
£235K04/230.15 mi16, Churchill Road, Norwich, Norfolk NR3 4PY3
£200K04/210.15 mi51, Churchill Road, Norwich, Norfolk NR3 4PX3
£270K01/230.15 mi50, Sprowston Road, Norwich, Norfolk NR3 4QN3
£194K06/210.15 mi6, Amhirst Close, Norwich, Norfolk NR3 4TW3
£203K06/210.16 mi31, Churchill Road, Norwich, Norfolk NR3 4PX3
£285K11/230.16 mi79a, Churchill Road, Norwich, Norfolk NR3 4PX3
£275K01/210.16 mi3, Churchill Road, Norwich, Norfolk NR3 4PX3
£265K08/230.16 mi73, Marlborough Road, Norwich, Norfolk NR3 4PL3
£185K11/200.16 mi158, Marlborough Road, Norwich, Norfolk NR3 4PJ3
£195K04/210.16 mi46, Sprowston Road, Norwich, Norfolk NR3 4QN3
£173.7K11/200.16 mi38, Sprowston Road, Norwich, Norfolk NR3 4QN3
£222K03/210.16 mi11, Violet Road, Norwich, Norfolk NR3 4TR3
£163.5K02/210.16 mi9, Violet Road, Norwich, Norfolk NR3 4TR3
£245K03/230.16 mi72, Violet Road, Norwich, Norfolk NR3 4TR3
£213.3K12/230.16 mi76, Violet Road, Norwich, Norfolk NR3 4TR3
£154K06/230.17 mi84, Silver Road, Norwich, Norfolk NR3 4TE3

Local Rents

50 rents from £900/mo to £1.6K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15007/240.05 miChurchil Road, Norwich3
£1,10011/240.06 mi-3
£1,29008/240.08 mi-3
£1,45012/240.08 mi-3
£1,10006/240.11 miSpencer Street, Norwich, NR3 4PE3
£1,15008/240.11 miBell Road, Norwich, NR33
£1,20009/240.11 miNorwich3
£90006/240.13 miBeaconsfield Road, Norwich, 3
£1,10009/240.13 miBeaconsfield Road, Norwich, 3
£1,15006/240.14 miNorthcote Road, NORWICH3
£1,30006/240.15 miChurchill Road, NR3 4PY3
£1,25001/250.16 mi-3
£1,40001/250.17 mi-3
£1,35006/240.17 miLadysmith Road, Norwich3
£99502/250.18 mi-3
£1,40006/240.19 miSpencer Street, Norwich, NR33
£1,10001/250.19 mi-3
£1,25007/240.2 miWodehouse Street, Norwich3
£1,20007/240.22 miWodehouse Street3
£1,10007/240.22 miMarlborough Road, Norwich, NR33
£1,05006/240.22 miMagdalen Road, Norwich, Norfolk, NR33
£95006/240.25 miGertrude Road3
£97506/240.25 miGertrude Road, Norwich, NR33
£1,10006/240.25 miGertrude Road, Norwich3
£1,29506/240.26 miMousehold Avenue, Norwich, Norfolk, NR33
£1,40006/240.27 miSilver Street, NR3 4TU3
£1,10006/240.27 miWaterloo Road, Norwich, NR33
£95006/240.28 miWall Lane, Norwich, Norfolk, NR33
£1,10002/250.3 mi-3
£1,05003/240.3 miSilver Road,Norwich,NR33
£1,15008/240.31 miNorth Norwich3
£1,10006/240.31 miStacy Road, Norwich, NR33
£1,10007/240.31 miStacy Road, Norwich, NR33
£1,15003/250.32 mi-3
£1,09506/240.32 mi-3
£95008/240.33 miWaterloo Road, Norwich3
£90001/250.33 mi-3
£99507/240.33 mi-3
£97506/240.33 mi-3
£1,30006/240.33 miMagpie Road, NORWICH3
£1,20006/240.33 miMagpie Road, Norwich3
£1,20007/240.33 miMagpie Road, Norwich3
£1,20007/240.33 miMagpie Road, Norwich3
£97506/240.33 miMagpie Road,Norwich,NR33
£1,20006/240.36 miMagdalen Street, Norwich3
£1,60006/240.38 miTillett Road, NR3 4BJ3
£1,10006/240.42 miEsdelle Street, Norwich3
£1,30008/240.43 miAngel Road, Norwich, Norfolk, NR33
£1,50007/240.45 miBuxton Road, Norwich3
£1,00007/240.48 miEade Road3

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.42 miles away

Nearest school

0.10 miles away

Nearest train station

1.02 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Price changed to £230,000

February 12, 2025

Price changed to £240,000

December 31, 2024

Listed for £250,000

August 12, 2024

Floor Plans

Description

  • High-Quality Renovation +
  • Howdens Kitchen +
  • Utility Room With Skylight +
  • New Bathroom +
  • New Flooring Throughout +
  • New Gas Central Heating System +
  • Re-Wired +
  • Enclosed Rear Garden +
  • Porch Entrance +
  • EPC - C +

An exceptionally well-presented 3 bedroom Victorian terrace house in the heart of NR3. Expertly renovated by Tivarus Construction, the property has been the subject of extensive renovations, which includes new windows and doors, newly fitted Howdens kitchen, new bathroom, new flooring throughout, re-wired, new gas central heating system, and utility room.

The property is to be sold with no onward chain, and offers a porch entrance, sitting room, dining room, kitchen, bathroom, utility room, 2 double bedrooms and 1 single bedroom. To the rear there is an enclosed, low-maintenance garden.

Agent Details

Ben Allman Estate & Letting Agent, Norwich

01603 555577

Next Steps?

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