3 Bed Semi-Detached House, Planning Permission, Norwich, NR6 7HX, £290,000

West Acre Drive, Norwich, NR6 7HX - 7 months ago

Sold STC
Leasehold
Planning
ROI: 1%
~93 m²
+20 photos

ValuationOvervalued

Sold Prices£161.3K - £500K
Sold Prices/m²£1.9K/m² - £5.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£277,087

 

 

End Value (After Refurb)

£287,071

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£41,755

Bridging Loan Interest

£7,613

Total Cash In

£135,518

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£287,071

Mortgage (After Refinance)

£215,304

Mortgage LTV

75%

Cash Left In

£135,518

Equity

£71,768

Rent Range

£1,050 - £1,750

Rent Estimate

£1,267

Running Costs/mo

£1,170

Cashflow/mo

£97

Cashflow/yr

£1,158

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £161.3K to £500K, average is £246.3K. £1.9K/m² to £5.5K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£221K11/210.03 mi111, Westacre Drive, Norwich, Norfolk NR6 7HX3
£250K04/210.03 mi179, Westacre Drive, Norwich, Norfolk NR6 7HX3
£195K11/200.03 mi121, Westacre Drive, Norwich, Norfolk NR6 7HX3
£253K07/230.03 mi113, West Acre Drive, Norwich, Norfolk NR6 7HX3
£292.5K08/240.03 mi52, West Acre Drive, Norwich, Norfolk NR6 7HX3
£262K12/220.04 mi85, West Acre Drive, Norwich, Norfolk NR6 7HY3
£225K06/240.08 mi33, West Acre Drive, Norwich, Norfolk NR6 7HY3
£230K02/210.08 mi35, Westacre Drive, Norwich, Norfolk NR6 7HY3
£208K12/200.1 mi3, Kiln Close, Norwich, Norfolk NR6 7HZ3
£215K06/210.1 mi25, Edgefield Close, Norwich, Norfolk NR6 7HP3
£300K03/230.11 mi43, Edgefield Close, Old Catton, Norwich, Norfolk NR6 7HP3
£201K12/200.11 mi15, Edgefield Close, Old Catton, Norwich, Norfolk NR6 7HP3
£315K06/230.12 mi61, Norman Drive, Norwich, Norfolk NR6 7HW3
£198K12/200.12 mi89, Norman Drive, Norwich, Norfolk NR6 7HW3
£210K12/200.12 mi61, Norman Drive, Norwich, Norfolk NR6 7HW3
£205K12/200.15 mi173, The Paddocks, Norwich, Norfolk NR6 7HR3
£188K04/210.17 mi4 The Cottages, St Faiths Road, Norwich, Norfolk NR6 7BW3
£342.5K07/240.17 mi10, Norman Drive, Norwich, Norfolk NR6 7HN3
£260K09/230.17 mi8, Norman Drive, Norwich, Norfolk NR6 7HN3
£500K12/230.18 mi348, St Faiths Road, Norwich, Norfolk NR6 7BL3
£260K02/210.23 mi111, The Paddocks, Norwich, Norfolk NR6 7HE3
£230K03/210.23 mi65, The Paddocks, Norwich, Norfolk NR6 7HE3
£310K03/210.23 mi124, Lodge Lane, Norwich, Norfolk NR6 7HJ3
£268K02/210.26 mi85, Lodge Lane, Norwich, Norfolk NR6 7HQ3
£303K05/230.28 mi93, Three Corner Drive, Norwich, Norfolk NR6 7HB3
£255K10/210.29 mi7, Lindley Close, Norwich, Norfolk NR6 7LL3
£234K03/210.33 mi13, Ernest Drive, Old Catton, Norwich, Norfolk NR6 7GA3
£295K09/210.33 mi31, Three Corner Drive, Norwich, Norfolk NR6 7HA3
£260.5K07/210.33 mi37, Three Corner Drive, Norwich, Norfolk NR6 7HA3
£200K04/210.33 mi21, Three Corner Drive, Norwich, Norfolk NR6 7HA3
£173K04/210.35 mi23, Desmond Drive, Norwich, Norfolk NR6 7JP3
£230K11/200.35 mi30, Woodham Leas, Norwich, Norfolk NR6 7EE3
£161.3K04/210.36 mi32, Priors Drive, Norwich, Norfolk NR6 7LJ3
£219K06/210.36 mi53, Lodge Farm Drive, Norwich, Norfolk NR6 7LP3
£227K11/200.36 mi27, Lodge Farm Drive, Norwich, Norfolk NR6 7LP3
£270K05/240.36 mi33, Lodge Farm Drive, Norwich, Norfolk NR6 7LP3
£265K01/210.36 mi7, Lodge Lane, Norwich, Norfolk NR6 7EA3
£295K04/210.36 mi13, Lodge Lane, Norwich, Norfolk NR6 7EA3
£320K04/230.36 mi13, Lodge Lane, Norwich, Norfolk NR6 7EA3
£205K02/210.36 mi11, Dunwood Drive, Norwich, Norfolk NR6 7JS3
£315K01/240.38 mi12, Bronde Close, Norwich, Norfolk NR6 7LN3
£205K03/230.38 mi92, Desmond Drive, Norwich, Norfolk NR6 7JN3
£175K01/210.38 mi92, Desmond Drive, Norwich, Norfolk NR6 7JN3
£180K03/210.38 mi80, Desmond Drive, Norwich, Norfolk NR6 7JN3
£275K09/230.4 mi15, Wrenningham Road, Norwich, Norfolk NR6 7ED3
£255K10/220.42 mi196, Desmond Drive, Norwich, Norfolk NR6 7JW3
£187K09/230.42 mi25, Evans Way, Norwich, Norfolk NR6 7LR3
£242.5K11/200.42 mi24, Evans Way, Norwich, Norfolk NR6 7LR3
£285K11/230.42 mi47, Evans Way, Norwich, Norfolk NR6 7LR3
£250K08/240.42 mi16, Evans Way, Norwich, Norfolk NR6 7LR3

Local Rents

16 rents from £1.1K/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40006/240.33 miThree Corner Drive, Norwich3
£1,20012/240.36 miPriors Drive, Norwich3
£1,30012/240.51 mi-3
£1,05003/250.54 mi-3
£1,05006/240.57 miSpixworth Road, Old Catton, Norwich, NR63
£1,20012/240.65 miBeaufort Close, Old Catton, Norwich3
£1,17503/250.66 mi-3
£1,05012/240.82 miWilks Farm Drive, Sprowston, Norwich, NR73
£1,10012/240.84 miOld Catton3
£1,30001/250.87 mi-3
£1,10006/240.87 miRosebay Close, Norwich3
£1,30012/240.9 miNorth Walsham Road, Norwich3
£1,35006/240.9 miHartbee Road, Norwich, Norfolk, NR63
£1,75012/241 mi-3
£1,40012/241.07 mi-3
£1,40003/251.2 mi-3

Local Area Statistics

Population in NR6

24,173

Population in Norwich

366,887

Town centre distance

2.21 miles away

Nearest school

0.30 miles away

Nearest train station

3.08 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £290,000

August 28, 2024

Sold for £253,000

2023

Floor Plans

Description

  • FULLY RENOVATED SEMI-DETACHED RESIDENCE +
  • PLANNING PERMISSION GRANTED TO EXTEND THE GROUND FLOOR +
  • PRESENTED TO A HIGH STANDARD - CONTEMPORARY FIXTURES AND FITTINGS +
  • PERFECT FAMILY HOME TO ACCOMMODATE A BUSY LIFESTYLE +
  • COMFORTABLE SITTING ROOM - FILLED WITH AN ABUNDANCE OF NATURAL LIGHT +
  • OPEN-PLAN KITCHEN/DINING ROOM - BRIGHT AND AIRY INTERIOR +
  • THREE BEDROOMS & A MODERN FAMILY BATHROOM +
  • GENEROUS SIZE GARDEN - WELL MAINTAINED BY THE CURRENT OWNERS +
  • LARGE DRIVEWAY PROVIDING AMPLE OFF-ROAD PARKING & A GARAGE +
  • BRAND NEW BOILER - BRAND NEW FITTED WINDOWS +

Situated in a prime location in Norwich, this fully renovated, three bedroom semi-detached house is a testament to modern living. Meticulously presented to a high standard, this property boasts a sleek and stylish interior that will appeal to buyers seeking a comfortable family home that effortlessly caters to a busy lifestyle. With its contemporary interior, generous size garden, and the potential for further extension, this exceptional home is one you would not want to miss. LOCATION Catton, a suburb located to the north of Norwich, England, is a blend of historical charm and modern amenities. Known for its green spaces, Catton boasts Catton Park, a large, scenic parkland that offers a peaceful retreat with its walking paths and woodlands. The area has a mix of architectural styles, ranging from traditional cottages to more contemporary homes, reflecting its growth from a small village into a suburban area. With good transport links to Norwich city center, Catton provides residents with a balance of suburban tranquility and urban accessibility. The community is close-knit, with local shops, schools, and recreational facilities contributing to its family-friendly atmosphere. WEST ACRE DRIVE

Step inside where you are greeted by a bright and welcoming entrance hall, complemented with convenient storage space. You’ll immediately be drawn to the warm and welcoming ambience coming from the sitting room, creating a wonderful space to relax and unwind after a long day. At the heart of the home lies an incredible open plan kitchen/dining room, ensuring effortless interaction when hosting occasions and the everyday family living. It is well-equipped with high quality units and integrated appliances, to enhance your cooking experience. Seamlessly transitioning over to the dining area, encouraging gatherings with loved ones. Ascend to the first floor, where you will encounter three bedrooms, meticulously designed to offer you relaxation and privacy. The third bedroom is currently a dressing room, with the versatility to be a office, storage or a bedroom. Completing the upper floor is a modern family bathroom, accommodating all residents in the household.

Leading out the sliding doors onto the patio, where the generous size garden is equally appealing. The garden is predominately laid to lawn, bordered by planted beds and shrubbery. The shingled area is ideal for your outdoor furniture to enjoy the afternoon sunshine or your al-fresco dining parties during the summer months. Overall, this enjoyable space is privately enclosed so you can unwind in seclusion. At the front of the residence is a driveway providing ample off-road parking for all residents, whilst the garage offers additional secure parking or storage options.

One of the standout features of this property is the planning permission granted to extend the ground floor, presenting an exciting opportunity for prospective owners to further enhance the living space to suit their individual needs and preferences. Additional features include a brand new boiler, offering peace of mind in terms of energy efficiency and heating reliability. AGENTS NOTES

We understand that this property is freehold. Connected to mains water, electricity and drainage. Heating system - Gas central heating. Brand new boiler. Brand new fitted windows. Council Tax Band: C

EPC Rating: D 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?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪