3 Bed Bungalow, Potential PLO/LOA, Norwich, NR10 4QT, £300,000

Smugglers Lane, Reepham, Norwich, NR10 4QT - 2 views - 6 months ago

Auction
Negative Equity
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£160K - £470K
Sold Prices/m²£1.6K/m² - £5.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£288,098

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£8,700

Total Cash In

£83,700

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£831

Running Costs/mo

£1,124

Cashflow/mo

£-293

Cashflow/yr

£-3,512

Gross Yield

3%

Local Sold Prices

33 sold prices from £160K to £470K, average is £300K. £1.6K/m² to £5.3K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£296K06/210.01 mi18, Smugglers Lane, Reepham, Norwich, Norfolk NR10 4QT3
£350K03/230.05 mi41, Chapel Close, Reepham, Norwich, Norfolk NR10 4QP3
£300K09/230.18 mi5, Pightle Way, Reepham, Norwich, Norfolk NR10 4QW3
£270K05/210.19 mi60, School Road, Reepham, Norwich, Norfolk NR10 4JP3
£325K06/210.2 miOld Court House, Park Lane, Reepham, Norwich, Norfolk NR10 4JZ3
£355K04/230.2 mi32, Station Road, Reepham, Norwich, Norfolk NR10 4LN3
£440K06/230.22 mi18, Station Road, Reepham, Norwich, Norfolk NR10 4LJ3
£330K05/210.22 mi52, Station Road, Reepham, Norwich, Norfolk NR10 4LJ3
£235K03/240.22 mi75, Station Road, Reepham, Norwich, Norfolk NR10 4LJ3
£245K06/240.22 mi26, Sun Barn Road, Reepham, Norwich, Norfolk NR10 4JY3
£282K04/230.25 mi8, Elizabeth Close, Reepham, Norwich, Norfolk NR10 4JF3
£360K08/210.25 mi33, Ollands Road, Reepham, Norwich, Norfolk NR10 4EL3
£375K10/230.25 mi45, Ollands Road, Reepham, Norwich, Norfolk NR10 4EL3
£347.5K01/230.25 mi61, Ollands Road, Reepham, Norwich, Norfolk NR10 4EL3
£255K07/210.27 mi15, Robins Lane, Reepham, Norwich, Norfolk NR10 4JE3
£365K12/220.27 miWatchmakers Cottage, Norwich Road, Reepham, Norwich, Norfolk NR10 4JN3
£290K03/210.28 miThe End House, Norwich Road, Reepham, Norwich, Norfolk NR10 4JN3
£250K10/200.28 mi2, Stewards Close, Reepham, Norwich, Norfolk NR10 4JG3
£248K03/210.34 mi29, Irwin Close, Reepham, Norwich, Norfolk NR10 4EQ3
£262.5K05/230.34 mi15, Irwin Close, Reepham, Norwich, Norfolk NR10 4EQ3
£365K06/240.36 mi3, Whitwell Road, Reepham, Norwich, Norfolk NR10 4JS3
£250K06/230.36 miMartins Wood, Whitwell Road, Reepham, Norwich, Norfolk NR10 4JS3
£460K06/230.37 mi2, Mill Road, Reepham, Norwich, Norfolk NR10 4JX3
£460K06/230.37 mi2, Mill Road, Reepham, Norwich, Norfolk NR10 4JX3
£441K12/200.37 mi2, Mill Road, Reepham, Norwich, Norfolk NR10 4JX3
£285K06/210.38 mi7, Moorhouse Close, Reepham, Norwich, Norfolk NR10 4EG3
£160K12/200.41 miStrathyre, Rudds Lane, Reepham, Norwich, Norfolk NR10 4ST3
£470K03/230.44 mi26, Mill Road, Reepham, Norwich, Norfolk NR10 4JU3
£252K04/230.49 mi6, Richmond Rise, Reepham, Norwich, Norfolk NR10 4LS3
£200K11/220.49 mi28, Richmond Rise, Reepham, Norwich, Norfolk NR10 4LS3
£278K08/230.49 mi21, New Road, Reepham, Norwich, Norfolk NR10 4ND3
£460K05/230.53 miSakura, Orchard Lane, Reepham, Norwich, Norfolk NR10 4NP3
£360K11/200.7 mi47, Cawston Road, Reepham, Norwich, Norfolk NR10 4LT3

Local Rents

6 rents from £800/mo to £1.5K/mo, average is £988/mo.

RentDateDistanceAddressBeds 
£85006/240.05 miChapel Close, Reepham, NORWICH2
£1,10006/240.15 miSilver End, Reepham, NORWICH3
£1,50006/240.15 miMarket Place, Reepham, NORWICH4
£87506/240.22 miOllands Road, Reepham2
£80006/240.26 miOllands Road, Reepham, NORWICH2
£1,40012/242.37 miBrandiston Road, Cawston, NORWICH3

Local Area Statistics

Population in NR10

22,761

Population in Norwich

366,887

Town centre distance

11.53 miles away

Nearest school

0.30 miles away

Nearest train station

12.11 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £300,000

February 28, 2025

Listed for £250,000

-18%

September 9, 2024

Sold for £296,000

2021

Floor Plans

Description

  • >>> For Sale via Traditional Auction - Auction Date: 17th December 2024 <<< +

  • OPEN HOUSES - 23rd November & 7th December - By Appointment Only +

  • 3 Bedroom Detached Bungalow +

  • Extensive 'Wow' Factor Gardens (0.18 acres, stms) +

  • Home Office/Garden Room +

  • Imposing 36'11" Living Space +

  • Bathroom and Shower Rooms +

  • Gas (bottled) Heating +

SUMMARY
>>> For Sale via Traditional Auction - Auction Date: 17th December 2024 <<<
Generous proportions inside and out, including 36'11" living room and garden stretching away to the rear, home office/ garden room & a garage. Open houses are being held for this property by appointment only.

DESCRIPTION
For Sale via Traditional Auction - Auction Date: 17th December 2024
This detached, 3 bedroom bungalow boasts a 36'11" living space and extensive gardens (circa 0.18 acres) that you just don't find in the town normally. A conventional garage to the front and home office /garden room as a bonus. Nearing the end of extensive refurbishment since 2021 but with some finishing off and redecoration outstanding, given a change of plans for the owners.

Important Notice 
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller's instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.

Important Notice Continued 
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.

Important Notice Continued 
1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Entrance Hall 
With double-glazed side entrance door and window, radiator and airing cupboard.

Breakfast Room  12' 1" x 10' 2" max ( 3.68m x 3.10m max )
With double-glazed side window, gas (bottled), boiler, radiator, open into

Kitchen  11' 2" x 8' 1" ( 3.40m x 2.46m )
With double-glazed rear side windows and double-glazed door out to the rear garden. Fitted range of base and wall units, stainless steel 1½ bowl sink unit, gas (bottled) hob with hood above, separate oven, plumbing for washing machine and dishwasher.

Living Room  
Arranged as sitting space with double-glazed side door outside, double-glazed patio door opening to rear garden patio, double-glazed window overlooking garden. Air source air conditioning unit.

Dining Room  16' 10" x 10' 5" ( 5.13m x 3.17m )
With air source air conditioning unit.

Bedroom 1 11' 3" x 9' 9" ( 3.43m x 2.97m )
With double-glazed front window and radiator.

Bedroom 2 10' 10" x 10' ( 3.30m x 3.05m )
With double-glazed front window, radiator

Bedroom 3 9' 3" x 7' ( 2.82m x 2.13m )
With double-glazed side window, radiator

Shower Room  
With shower cubicle, W.C, wash basin, chrome towel radiator and extractor

Bathroom  
With double-glazed window, wash basin with unit, bath with shower over, W.C, extractor fan, chrome towel radiator.

Outside 
To the front the property is set back behind a lawned garden with driveway leading to your garage, lawn and shingled approached path.
The rear garden one of the main features of this property, an extensive rear garden with paved patio adjoining the bungalow, mainly laid to lawns with beds, borders, variety of young fruit trees and picket style fencing loosely dividing part way down.

Home Office / Garden Room  16' 5" x 8' 3" ( 5.00m x 2.51m )
With double-glazed side window, power and light and double-glazed doors opening from front and rear gardens.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Reepham

01603 361267

Next Steps?

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