3 Bed Semi-Detached House, Single Let, Norwich, NR6 5LH, £270,000

16 Reepham Road, Norwich, Norfolk, NR6 5LH - 1 views - 8 months ago

Sold STC
BTL
ROI: 2%
88 m²
+12 photos

ValuationOvervalued

Sold Prices£195K - £361K
Sold Prices/m²£2.2K/m² - £4.7K/m²

 

 

Square Metres

88 m²
Price/m²£3.1K/m²

Value Estimate

£262,416

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£1,200 - £1,600

Rent Estimate

£1,250

Running Costs/mo

£1,114

Cashflow/mo

£136

Cashflow/yr

£1,635

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £195K to £361K, average is £270K. £2.2K/m² to £4.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£305K09/210.05 mi93, Reepham Road, Norwich, Norfolk NR6 5LQ3
£295K04/210.07 mi40a, Bramble Avenue, Norwich, Norfolk NR6 6LN3
£272.5K11/200.07 mi56, Bramble Avenue, Norwich, Norfolk NR6 6LN3
£285K01/230.1 mi62, Overbury Road, Norwich, Norfolk NR6 5LB3
£262.5K09/210.11 mi1, Mountfield Avenue, Norwich, Norfolk NR6 5HW3
£280K02/210.11 mi15, Mountfield Avenue, Norwich, Norfolk NR6 5HW3
£285K03/210.11 mi19, Mountfield Avenue, Norwich, Norfolk NR6 5HW3
£260K12/200.13 mi30, Warren Avenue, Norwich, Norfolk NR6 6LR3
£245K04/240.13 mi34, Harlington Avenue, Norwich, Norfolk NR6 5LJ3
£235K05/210.13 mi28, Harlington Avenue, Norwich, Norfolk NR6 5LJ3
£285K11/200.15 mi36, Reepham Road, Norwich, Norfolk NR6 5LT3
£280K08/210.15 mi1, Bramble Avenue, Norwich, Norfolk NR6 6LJ3
£239K06/210.16 mi24, Hastings Avenue, Norwich, Norfolk NR6 5LL3
£235K12/200.16 mi19, Hastings Avenue, Norwich, Norfolk NR6 5LL3
£300K08/230.18 mi66, Cromer Road, Norwich, Norfolk NR6 6LZ3
£250K12/230.18 mi117, Reepham Road, Norwich, Norfolk NR6 5LU3
£337.5K08/230.19 mi32, Overbury Road, Norwich, Norfolk NR6 5LB3
£267.5K05/210.2 mi6, Eversley Road, Norwich, Norfolk NR6 6TA3
£250K06/210.2 mi75, Eversley Road, Norwich, Norfolk NR6 6TA3
£270K08/230.2 mi39, Eversley Road, Norwich, Norfolk NR6 6TA3
£240K07/210.21 mi12, Sutherland Avenue, Norwich, Norfolk NR6 5LW3
£225K03/210.21 mi4, Sutherland Avenue, Norwich, Norfolk NR6 5LN3
£357.5K06/210.23 mi138, Cromer Road, Norwich, Norfolk NR6 6XN3
£340K06/230.23 mi100, Cromer Road, Norwich, Norfolk NR6 6XN3
£328K12/220.23 mi12, Broom Avenue, Hellesdon, Norwich, Norfolk NR6 6LG3
£345K09/230.24 mi18, Prince Andrews Road, Norwich, Norfolk NR6 6XG3
£290K11/200.24 mi32, Prince Andrews Road, Norwich, Norfolk NR6 6XG3
£240K10/230.25 mi34, Hawthorne Avenue, Norwich, Norfolk NR6 6LE3
£195K12/220.27 mi3a, Hercules Road, Norwich, Norfolk NR6 5HQ3
£310K06/240.27 mi55, Hawthorne Avenue, Norwich, Norfolk NR6 6LD3
£280K10/230.27 mi53, Hawthorne Avenue, Norwich, Norfolk NR6 6LD3
£277K09/210.27 mi9, Berkley Close, Norwich, Norfolk NR6 5LZ3
£252K04/210.27 mi20, Cromer Road, Norwich, Norfolk NR6 6ND3
£240K05/240.29 mi29, Coronation Road, Norwich, Norfolk NR6 5HB3
£279K04/210.29 mi30, Boundary Road, Norwich, Norfolk NR6 5HX3
£220K10/230.3 mi2, Samson Road, Norwich, Norfolk NR6 5HG3
£260K08/230.3 mi11, Samson Road, Norwich, Norfolk NR6 5HG3
£245K06/240.3 mi6, Samson Road, Norwich, Norfolk NR6 5HG3
£310K01/210.3 mi8, Mayfield Avenue, Norwich, Norfolk NR6 6SN3
£270K12/230.3 mi2, Mayfield Avenue, Norwich, Norfolk NR6 6SN3
£325K12/230.3 mi38, Boundary Road, Norwich, Norfolk NR6 5HZ3
£265K02/210.3 mi5, Mayfield Avenue, Norwich, Norfolk NR6 6SN3
£310K06/230.31 mi35, Prince Andrews Road, Norwich, Norfolk NR6 6XJ3
£285K05/210.31 mi174, Links Avenue, Norwich, Norfolk NR6 5PQ3
£250K11/200.31 mi10, Prince Andrews Close, Norwich, Norfolk NR6 6XH3
£246K12/200.31 mi35, Prince Andrews Close, Norwich, Norfolk NR6 6XH3
£233K10/230.32 mi1, Sceptre Close, Norwich, Norfolk NR6 5HE3
£361K12/220.33 mi1, Coldershaw Road, Norwich, Norfolk NR6 6SQ3
£242.5K05/240.34 mi35, Hercules Road, Norwich, Norfolk NR6 5HQ3
£220K05/210.34 mi61, Meadow Close, Norwich, Norfolk NR6 6XY3

Local Rents

11 rents from £1.2K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25006/240.18 miCromer Road, Norwich, NR63
£1,50001/250.18 mi-3
£1,35012/240.28 miSilk Mill Road, Hellesdon, Norfolk, NR63
£1,20006/240.31 miHellesdon, Norwich, NR63
£1,60006/240.43 miLinks Avenue, Hellesdon, Norwich.3
£1,30007/240.44 miBaxter Court, Norwich, NR33
£1,30008/240.44 miBaxter Court, Norwich, NR33
£1,30008/240.44 mi-3
£1,25006/240.54 mi3 Elder Close, Norwich, Norfolk, NR63
£1,30003/240.56 miSycamore Court, Norwich, Norfolk, NR63
£1,35006/240.62 miHartbee Road, Norwich, Norfolk, NR63

Local Area Statistics

Population in NR6

24,173

Population in Norwich

366,887

Town centre distance

1.61 miles away

Nearest school

0.10 miles away

Nearest train station

2.71 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £270,000

September 6, 2024

Sold for £225,000

2021

Floor Plans

Description

  • Guide Price £270,000 - £280,000 +
  • 3 Bedroom Semi Detached House +
  • Well-Presented Throughout +
  • 14ft Kitchen & Conservatory +
  • Lounge & Bay Fronted Dining Room +
  • 3 Bedrooms Off Landing +
  • Recently Fitted Family Bathroom +
  • Double Glazed With Gas Central Heating +
  • Ample Parking To Drive & Enclosed Rear Garden +
  • Close To Local Schools & Amenities +

Be quick to view this impressive three-bedroom semi-detached house. Located close to a host of handy nearby amenities, schools for all ages and offering excellent transport links, this superb property is guaranteed to extremely popular.

The accommodation on offer comprises entrance hall, a 14ft kitchen, a lounge and bay fronted dining room as well as a 12ft garden room to the ground floor. Upstairs you will find three generous sized bedrooms and a recently refitted family bathroom off landing. The main bedroom is complete with built in storage and has full length windows giving the room a light and airy feel. The property also benefits from double glazing and gas central heating.

Outside, to the front of the property is a generous drive with off road parking. To the rear is a well-maintained enclosed garden which is laid mainly to lawn & patio.

This already incredible property lends itself to being extended to the rear (STP) and is available to view immediately. Please call now.

AGENTS NOTES
Tenure - Freehold
Council Tax Band - C
Local Authority - Broadland
We have been advised that the property is connected to mains water, electricity and gas.

Agent Details

Winkworth, Hellesdon

01603 361844

Next Steps?

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