2 Bed Terraced House, Single Let, Norwich, NR7 8GG, £200,000

Bolton Road, Sprowston, NR7 8GG - 7 months ago

Sold STC
Leasehold
BTL
~68 m²
+14 photos

ValuationUndervalued

Sold Prices£87.5K - £425K
Sold Prices/m²£1.3K/m² - £5.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£249,420
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£795 - £1,525

Rent Estimate

£825

Running Costs/mo

£810

Cashflow/mo

£15

Cashflow/yr

£180

ROI

0%

Gross Yield

5%

Local Sold Prices

49 sold prices from £87.5K to £425K, average is £240K. £1.3K/m² to £5.2K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£232.5K02/210.29 mi99, Harrisons Drive, Norwich, Norfolk NR7 9HU2
£217K01/210.29 mi51, Harrisons Drive, Norwich, Norfolk NR7 9HU2
£255K01/240.36 mi3, Greenwood Way, Norwich, Norfolk NR7 9HW2
£280K12/230.5 mi34, Greenborough Road, Norwich, Norfolk NR7 9HQ2
£253K01/240.5 mi30, Greenborough Road, Norwich, Norfolk NR7 9HQ2
£87.5K12/220.54 mi21, Coot Drive, Sprowston, Norwich, Norfolk NR7 8DW2
£220K11/210.59 mi90, Cere Road, Norwich, Norfolk NR7 8LH2
£228K12/200.65 mi5, Larch Close, Norwich, Norfolk NR7 8LE2
£260K11/200.65 mi20, Larch Close, Norwich, Norfolk NR7 8LE2
£275K02/240.66 mi116, Linacre Avenue, Norwich, Norfolk NR7 8JS2
£235K09/230.68 mi21, Cere Road, Norwich, Norfolk NR7 8JX2
£265K12/230.68 mi62, Cere Road, Norwich, Norfolk NR7 8JX2
£278K02/230.7 mi7, Bewit Road, Norwich, Norfolk NR7 8LB2
£230K02/240.71 mi29, Inman Road, Norwich, Norfolk NR7 8JT2
£280K08/230.72 mi24, Burrage Way, Norwich, Norfolk NR7 8FY2
£290K11/230.75 mi55, Linacre Avenue, Norwich, Norfolk NR7 8JY2
£242.5K09/210.75 mi18, Gage Road, Norwich, Norfolk NR7 8BN2
£270K11/230.76 mi4, Goodson Road, Sprowston, Norwich, Norfolk NR7 8FX2
£270K10/230.76 mi6, Goodson Road, Sprowston, Norwich, Norfolk NR7 8FX2
£260K04/230.78 mi56, Trendall Road, Norwich, Norfolk NR7 8BL2
£195K12/200.78 mi6, Pine Road, Norwich, Norfolk NR7 9LE2
£185K01/210.78 mi4, Grebe Drive, Sprowston, Norwich, Norfolk NR7 8FJ2
£265K03/230.78 mi40, Blithemeadow Drive, Norwich, Norfolk NR7 8PY2
£250K06/240.79 mi21, Blithewood Gardens, Norwich, Norfolk NR7 8PS2
£236.5K11/210.8 mi90, Linacre Avenue, Norwich, Norfolk NR7 8JZ2
£202K12/200.8 mi80, Linacre Avenue, Norwich, Norfolk NR7 8JZ2
£265K12/220.8 mi19, Lindsay Road, Norwich, Norfolk NR7 8JR2
£262.3K09/210.8 mi2, Lindsay Road, Norwich, Norfolk NR7 8JR2
£162K02/230.84 mi17, Peregrine Road, Norwich, Norfolk NR7 8JL2
£240K12/200.84 mi13, Peregrine Road, Norwich, Norfolk NR7 8JL2
£207K12/200.84 mi72, Linacre Avenue, Norwich, Norfolk NR7 8PG2
£240K10/230.87 mi20, Parana Road, Norwich, Norfolk NR7 8BJ2
£197K08/210.87 mi7, Linacre Avenue, Norwich, Norfolk NR7 8PF2
£198K05/230.88 mi46, Purland Road, Norwich, Norfolk NR7 9DZ2
£280K01/240.88 mi6, Tracey Road, Norwich, Norfolk NR7 9LA2
£287.5K01/230.88 mi22, Creance Road, Norwich, Norfolk NR7 8JW2
£210K12/200.9 mi25, Peregrine Road, Norwich, Norfolk NR7 8JF2
£160K10/230.91 mi35, Antingham Road, Norwich, Norfolk NR7 9TA2
£205K04/210.91 mi2, Tiercel Avenue, Norwich, Norfolk NR7 8JN2
£190K12/200.91 mi44, Tiercel Avenue, Norwich, Norfolk NR7 8JN2
£222.5K02/210.92 mi5, Peregrine Close, Norwich, Norfolk NR7 8JE2
£425K12/230.93 mi244, Wroxham Road, Norwich, Norfolk NR7 8RW2
£245K12/220.94 mi13, Caston Road, Norwich, Norfolk NR7 0LS2
£222.5K10/230.94 mi9, Caston Road, Norwich, Norfolk NR7 0LS2
£350K07/210.97 mi86, Falcon Road West, Norwich, Norfolk NR7 8NY2
£325K11/230.98 mi17, Belmore Close, Norwich, Norfolk NR7 0PS2
£125K03/230.98 mi2, Libra Court, Norwich, Norfolk NR7 8BD2
£265K08/231 mi40, Longfields Road, Norwich, Norfolk NR7 0NB2
£225K02/241 mi38, Longfields Road, Norwich, Norfolk NR7 0NB2

Local Rents

19 rents from £795/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,00012/240.07 mi-2
£97506/240.4 miEgyptian Goose Road, NR7 8FN2
£82512/240.46 mi-2
£82512/240.46 mi-2
£1,52512/240.46 mi-2
£95006/240.57 miPine Court, Plantation Drive, Norwich, Norfolk, NR72
£79512/240.57 miRowan Court, Plantation Drive, Norwich2
£95012/240.59 miCere Road, Norwich, Norfolk, NR72
£92512/240.61 miSwan Lane, Sprowston2
£95010/240.72 mi-2
£82512/240.83 miTracey Road, Norwich2
£1,30006/240.96 mi-2
£95006/240.97 mi-2
£95010/240.97 mi-2
£92512/240.98 mi-2
£1,05006/241.07 miLeveson Road, Norwich2
£1,05009/241.07 mi-2
£1,15006/241.12 miThunder Lane, Thorpe St Andrew, Norwich, NR72
£1,10003/251.18 mi-2

Local Area Statistics

Population in NR7

32,046

Population in Norwich

366,887

Town centre distance

2.63 miles away

Nearest school

0.60 miles away

Nearest train station

2.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £200,000

August 27, 2024

Floor Plans

Description

  • 80% DISCOUNTED MARKETING SCHEME +
  • IDEAL FOR FIRST TIME BUYERS +
  • BEAUTIFUL FAMILY HOME +
  • MODERN AND CONTEMPORARY FEATURES THROUGHOUT +
  • TWO BEDROOMS +
  • MODERN KITCHEN/BREAKFAST ROOM +
  • DOWNSTAIRS WC +
  • ENCLOSED REAR GARDEN +
  • SOUGHT AFTER LOCATION +
  • CLOSE TO AMENITIES +

80% Discount Market Scheme. This inviting 2-bedroom mid-terraced house, nestled in a sought-after location, stands as an ideal choice for first-time buyers seeking a beautiful family home. The property is an affordable home sold at 80% of market value, with purchasing priority being given to applicants with a local connection to Broadland. With modern and contemporary features tastefully integrated throughout, this is an appealing property that is worth a closer look. This house embodies the perfect combination of comfort, style, and functionality. Location Nestled in the thriving community of Sprowston, Bolton Road enjoys a prime location that seamlessly blends suburban tranquillity with easy access to urban conveniences. Situated just a short drive from Norwich city centre, this address offers the perfect balance between peaceful residential living and proximity to a vibrant array of amenities. Residents will appreciate the nearby Sprowston Retail Park, which hosts a variety of shops, dining options, and essential services. Families will find excellent local schools, and abundant green spaces, such as Sprowston Recreation Ground, are just a stroll away, providing ideal spots for leisure and recreation. With convenient transport links, including close proximity to the A1042 and A1151, and regular bus services, commuting to Norwich and beyond is both quick and efficient. Bolton Road is an ideal choice for those seeking a harmonious blend of convenience, community, and comfort. Bolton Road

Upon entering through the front door into the welcoming entrance hall. To the right, a convenient downstairs WC offers practicality for residents and guests alike. Straight ahead, the lounge provides a cosy space for relaxation and entertainment, featuring ample natural light that filters through the windows.

Continuing through, the modern kitchen/breakfast room awaits, boasting sleek finishes and efficient design. The kitchen offers functionality with style. Double doors lead from the kitchen to the rear enclosed garden, seamlessly blending indoor and outdoor living spaces for a harmonious flow.

Ascending the stairs to the upper floor, two well-proportioned bedrooms await. Adjacent, the family bathroom presents a clean and contemporary space for daily routines.

Stepping outside, the enclosed rear garden beckons with its low-maintenance appeal. A small storage shed at the end of the garden provides practical storage solutions, while a lawn area laid with astro turf and a patio space offer opportunities for outdoor enjoyment and alfresco dining.

Conveniently situated close to amenities, this property combines the best of modern living with a convenient location, ensuring that essential facilities are within easy reach. Don't miss the chance to experience firsthand the warmth and charm this home exudes. Agents Notes We understand this property will be sold freehold, connected to mains water, gas, and drainage. We understand there is an approximate site management fee of £50 every 6 months. This property is part of the 80% Discount Market scheme. All potential purchases must have a local connection to Broadland Council. Tax Council Band - A

EPC Rating: B Disclaimer Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.

Agent Details

Minors & Brady, Wroxham

01603 361621

Next Steps?

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