3 Bed Terraced House, Refurb/BRRR, Norwich, NR3 4PU, £205,000

Knowsley Road, Norwich, NR3 4PU - 6 views - 6 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£154K - £335K
Sold Prices/m²£2.2K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£216,300
BMV3%

 

 

End Value (After Refurb)

£269,248

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£51,250

Stamp Duty & Legal Fees

£7,500

Refurb Costs

£42,000

Bridging Loan Interest

£5,381

Total Cash In

£107,881

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£269,248

Mortgage (After Refinance)

£201,936

Mortgage LTV

75%

Cash Released

£48,186

Cash Left In

£59,695

Equity

£67,312

Rent Range

£900 - £1,500

Rent Estimate

£1,191

Running Costs/mo

£1,100

Cashflow/mo

£91

Cashflow/yr

£1,097

ROI

1%

Gross Yield

7%

Local Sold Prices

50 sold prices from £154K to £335K, average is £211.8K. £2.2K/m² to £4.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£201K04/210.02 mi123, Knowsley Road, Norwich, Norfolk NR3 4PT3
£220K05/230.02 mi159, Knowsley Road, Norwich, Norfolk NR3 4PT3
£265K10/230.03 mi133, Churchill Road, Norwich, Norfolk NR3 4PZ3
£215K11/230.03 mi95, Churchill Road, Norwich, Norfolk NR3 4PZ3
£187.5K01/210.03 mi99, Churchill Road, Norwich, Norfolk NR3 4PZ3
£192K07/230.03 mi98, Churchill Road, Norwich, Norfolk NR3 4PZ3
£210K01/210.04 mi123, Beaconsfield Road, Norwich, Norfolk NR3 4AB3
£177.5K03/210.04 mi167, Beaconsfield Road, Norwich, Norfolk NR3 4AB3
£154K05/210.06 mi140, Silver Road, Norwich, Norfolk NR3 4TG3
£255.3K01/230.06 mi172, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£215K02/210.06 mi82, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£212.5K01/230.06 mi136, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£195K02/230.06 mi134, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£215K02/210.07 mi118a, Silver Road, Norwich, Norfolk NR3 4TF3
£232.4K10/210.08 mi99, Spencer Street, Norwich, Norfolk NR3 4PE3
£250K12/220.08 mi93, Spencer Street, Norwich, Norfolk NR3 4PE3
£189K02/210.08 mi70, Spencer Street, Norwich, Norfolk NR3 4PD3
£163K11/200.08 mi79, Spencer Street, Norwich, Norfolk NR3 4PD3
£190K11/210.09 mi146, Silver Road, Norwich, Norfolk NR3 4TQ3
£236.3K01/240.09 mi91, Northcote Road, Norwich, Norfolk NR3 4QE3
£265K08/230.09 mi73, Marlborough Road, Norwich, Norfolk NR3 4PL3
£240K07/230.09 mi111, Spencer Street, Norwich, Norfolk NR3 4PF3
£185K11/200.1 mi158, Marlborough Road, Norwich, Norfolk NR3 4PJ3
£265K12/220.11 mi150, Marlborough Road, Norwich, Norfolk NR3 4PJ3
£205K11/200.11 mi31, Crome Road, Norwich, Norfolk NR3 4RG3
£277K04/230.11 mi35, Crome Road, Norwich, Norfolk NR3 4RG3
£154K06/230.12 mi84, Silver Road, Norwich, Norfolk NR3 4TE3
£170K07/230.12 mi96, Silver Road, Norwich, Norfolk NR3 4TE3
£207K03/210.13 mi41, Marlborough Road, Norwich, Norfolk NR3 4PH3
£200K04/210.13 mi51, Churchill Road, Norwich, Norfolk NR3 4PX3
£235K04/230.13 mi16, Churchill Road, Norwich, Norfolk NR3 4PY3
£203K06/210.13 mi31, Churchill Road, Norwich, Norfolk NR3 4PX3
£285K11/230.13 mi79a, Churchill Road, Norwich, Norfolk NR3 4PX3
£275K01/210.13 mi3, Churchill Road, Norwich, Norfolk NR3 4PX3
£177K01/210.14 mi63, Wodehouse Street, Norwich, Norfolk NR3 4TY3
£259K02/230.14 mi32, Northcote Road, Norwich, Norfolk NR3 4QF3
£190K06/210.14 mi41, Knowsley Road, Norwich, Norfolk NR3 4PR3
£205K04/210.14 mi31, Knowsley Road, Norwich, Norfolk NR3 4PR3
£185K04/210.14 mi47, Knowsley Road, Norwich, Norfolk NR3 4PR3
£220K05/230.14 mi5, Knowsley Road, Norwich, Norfolk NR3 4PR3
£253K05/210.15 mi23, Northcote Road, Norwich, Norfolk NR3 4QF3
£275K09/230.15 mi21, Branford Road, Norwich, Norfolk NR3 4QD3
£194K05/210.15 mi39, Branford Road, Norwich, Norfolk NR3 4QD3
£230K11/200.15 mi42, Spencer Street, Norwich, Norfolk NR3 4PA3
£335K11/230.15 mi41, Spencer Street, Norwich, Norfolk NR3 4PA3
£210K09/230.16 mi62, Silver Road, Norwich, Norfolk NR3 4TD3
£211K11/200.16 mi49, Marlborough Road, Norwich, Norfolk NR3 4PH3
£190K06/230.17 mi20, Romany Road, Norwich, Norfolk NR3 4RE3
£230K09/210.17 mi18, Romany Road, Norwich, Norfolk NR3 4RE3
£253.5K02/240.17 mi25, Romany Road, Norwich, Norfolk NR3 4RE3

Local Rents

50 rents from £900/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,15007/240.03 miChurchil Road, Norwich3
£1,29008/240.07 mi-3
£1,45012/240.07 mi-3
£90006/240.08 miBeaconsfield Road, Norwich, 3
£1,10009/240.08 miBeaconsfield Road, Norwich, 3
£1,10006/240.08 miSpencer Street, Norwich, NR3 4PE3
£1,10011/240.08 mi-3
£1,40001/250.11 mi-3
£1,25001/250.12 mi-3
£1,40006/240.12 miSpencer Street, Norwich, NR33
£99502/250.13 mi-3
£1,30006/240.13 miChurchill Road, NR3 4PY3
£1,25007/240.14 miWodehouse Street, Norwich3
£1,10001/250.14 mi-3
£1,15006/240.15 miNorthcote Road, NORWICH3
£1,20007/240.15 miWodehouse Street3
£1,10007/240.16 miMarlborough Road, Norwich, NR33
£1,15008/240.17 miBell Road, Norwich, NR33
£1,20009/240.17 miNorwich3
£1,05006/240.2 miMagdalen Road, Norwich, Norfolk, NR33
£1,40006/240.21 miSilver Street, NR3 4TU3
£95006/240.22 miWall Lane, Norwich, Norfolk, NR33
£1,35006/240.24 miLadysmith Road, Norwich3
£1,05003/240.24 miSilver Road,Norwich,NR33
£1,10002/250.26 mi-3
£1,29506/240.27 miMousehold Avenue, Norwich, Norfolk, NR33
£1,10006/240.27 miStacy Road, Norwich, NR33
£1,10007/240.27 miStacy Road, Norwich, NR33
£1,30006/240.28 miMagpie Road, NORWICH3
£1,20006/240.28 miMagpie Road, Norwich3
£1,20007/240.28 miMagpie Road, Norwich3
£1,20007/240.28 miMagpie Road, Norwich3
£97506/240.28 miMagpie Road,Norwich,NR33
£99507/240.29 mi-3
£1,10006/240.29 miWaterloo Road, Norwich, NR33
£97506/240.29 mi-3
£1,20006/240.3 miMagdalen Street, Norwich3
£1,09506/240.3 mi-3
£97506/240.31 miGertrude Road, Norwich, NR33
£95006/240.31 miGertrude Road3
£1,10006/240.32 miGertrude Road, Norwich3
£1,15002/250.32 mi-3
£95008/240.32 miWaterloo Road, Norwich3
£90001/250.33 mi-3
£1,15008/240.36 miNorth Norwich3
£1,10006/240.37 miEsdelle Street, Norwich3
£1,50007/240.42 miBuxton Road, Norwich3
£1,37507/240.43 miStonemasons Court, Norwich, NR33
£1,37507/240.43 mi-3
£1,30008/240.44 miAngel Road, Norwich, Norfolk, NR33

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.39 miles away

Nearest school

0.10 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Price changed to £205,000

January 27, 2025

Listed for £210,000

September 20, 2024

Sold for £55,000

2000

Sold for £39,000

1997

Floor Plans

Description

  • No Onward Chain +
  • Bay Fronted Victorian Mid Terrace +
  • Three Bedrooms +
  • Ground Floor Bathroom +
  • North CIty +
  • Traditional Features +
  • Updating Required +
  • Gas Central Heating +
  • Double Glazing +

This attractive bay fronted Victorian mid terrace is located just north of Norwich City centre and exudes character and potential. The accommodation includes a spacious bay fronted lounge, a dining room, and a kitchen with an adjoining bathroom on the ground floor. Upstairs, there are two double bedrooms off the first floor landing, with a third bedroom accessed through bedroom two. The property benefits from double glazing and gas central heating, while still retaining several traditional features such as cast iron fireplaces, moulded coving and a ceiling rose. Outside, the home features an enclosed front garden, a bisected rear courtyard shared with just one neighbouring property, and an adjoining garden. While the property is in need of updating and modernisation, it offers a fantastic opportunity for a first time buyer. With No Onward Chain, it presents a blank canvas for those looking to make their own mark on a period home.

Location - Located in the heart of the ever popular NR3 area, just north of Norwich City centre, this charming Victorian terrace offers a blend of period character and convenience. The property is perfectly positioned within walking distance of local pubs, cafés, takeaway`s, and restaurants, making it ideal for those who enjoy a vibrant social scene. Families will appreciate the nearby schools and the convenience of a local doctor`s surgery just minutes away. For those who enjoy the outdoors, the cottage is close to several parks, providing green spaces for relaxation or recreation. Additionally, the City centre is within easy reach on foot, while excellent public transport links are available with bus stops along Sprowston Road ensuring effortless access to the wider Norwich area and beyond. Whether you are commuting, running errands, or enjoying the local amenities, this location offers the perfect balance of convenience and community charm.

Double Glazed Front Door to:

Lounge - 13'1" (3.99m) Into Bay x 11'2" (3.4m)
Double glazed bay window to front, concealed fireplace with decorative timber surround, moulded coving, ceiling rose, door to:

Lobby
Staircase to first floor, door to:

Dining Room - 11'4" (3.45m) x 11'2" (3.4m)
Double glazed window to rear, door to under stairs storage cupboard, stripped pine door to:

Kitchen - 8'2" (2.49m) x 6'0" (1.83m)
Double glazed window to side, double glaze door to side, range of wall and base units with worktops over, single sink and drainer with mixer taps over, space for cooker with extractor hood over, space for washing machine and fridge, tiled flooring, door to:

Bathroom
Double glazed window to side, panelled bath with electric shower over, low level WC, hand wash basin, fully tiled, extractor fan.

First Floor Landing
Pine doors to Bedrooms One and Two.

Bedroom One - 11'2" (3.4m) x 11'0" (3.35m)
Double glazed window to front, feature cast iron fireplace, pine door to cupboard over stairs.

Bedroom Two - 11'4" (3.45m) x 11'2" (3.4m)
Double glazed window to rear, feature cast iron fireplace, stripped pine door to:

Bedroom Three - 8'2" (2.49m) x 6'6" (1.98m)
Double glazed window to rear, wall mounted gas boiler, airing cupboard.

Outside
Brick walling and privet hedging encloses a front garden with pathway to the front door. Bisected by just one neighbouring property, a courtyard gives access to a good size garden with paved patio and steps up to further garden area, enclosed by timber fencing.

Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.

Agent Details

Pymm & Co, Norwich

01603 361642

Next Steps?

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