3 Bed Terraced House, Single Let, Norwich, NR7 8DN, £230,000

Mallard Way, Sprowston, Norwich, NR7 8DN - 3 views - 7 months ago

Sold STC
BTL
ROI: 2%
~93 m²
+8 photos

ValuationUndervalued

Sold Prices£197K - £25.5M
Sold Prices/m²£2.1K/m² - £307.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£278,300
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£1,035 - £1,650

Rent Estimate

£1,046

Running Costs/mo

£948

Cashflow/mo

£98

Cashflow/yr

£1,177

ROI

2%

Gross Yield

5%

Local Sold Prices

49 sold prices from £197K to £25.5M, average is £265K. £2.1K/m² to £307.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£220K11/210.25 mi62, Blue Boar Lane, Norwich, Norfolk NR7 8RT3
£245K02/210.26 mi7, Inman Road, Norwich, Norfolk NR7 8JT3
£260K10/230.28 mi9, Yew Court, Norwich, Norfolk NR7 8LQ3
£285K11/230.29 mi102, Cere Road, Norwich, Norfolk NR7 8LF3
£220K05/210.3 mi25, Trendall Road, Norwich, Norfolk NR7 8BL3
£237K10/200.3 mi4, Trendall Road, Norwich, Norfolk NR7 8BL3
£265K11/230.31 mi63, Cere Road, Norwich, Norfolk NR7 8LH3
£237.5K06/210.34 mi5, Hornbeam Close, Norwich, Norfolk NR7 8LN3
£240K07/230.36 mi12, Larch Close, Norwich, Norfolk NR7 8LE3
£292K06/210.37 mi21, Parana Road, Norwich, Norfolk NR7 8BJ3
£315K05/230.39 mi8, Birch Court, Norwich, Norfolk NR7 8LJ3
£270K08/210.39 mi2, Birch Court, Norwich, Norfolk NR7 8LJ3
£247.5K02/210.39 mi9, Birch Court, Norwich, Norfolk NR7 8LJ3
£300K07/210.4 mi6, Chenery Drive, Norwich, Norfolk NR7 8RR3
£265K11/230.42 mi101, St Marys Grove, Sprowston, Norwich, Norfolk NR7 8DL3
£280K11/220.42 mi125, St Marys Grove, Sprowston, Norwich, Norfolk NR7 8DL3
£295K08/230.42 mi9, Sparhawk Close, Norwich, Norfolk NR7 8BT3
£270K11/200.43 mi70, St Marys Grove, Norwich, Norfolk NR7 8DL3
£267.7K11/230.43 mi56, Cere Road, Norwich, Norfolk NR7 8JX3
£400K04/230.43 mi16, Mantle Close, Norwich, Norfolk NR7 8LD3
£320K04/210.43 mi16, Mantle Close, Norwich, Norfolk NR7 8LD3
£257.5K07/210.45 mi24, Gurney Drive, Sprowston, Norwich, Norfolk NR7 8LS3
£250K11/200.47 mi51, Linacre Avenue, Norwich, Norfolk NR7 8JZ3
£249K12/200.48 mi9, Falcon Mews, Norwich, Norfolk NR7 8LA3
£350K08/230.5 mi63, St Margarets Drive, Norwich, Norfolk NR7 8DB3
£260K08/230.5 mi96, St Margarets Drive, Norwich, Norfolk NR7 8DB3
£300K10/210.52 mi32, Cere Road, Norwich, Norfolk NR7 8JU3
£280K08/240.52 mi32, Cere Road, Norwich, Norfolk NR7 8JU3
£230K01/210.52 mi24, Cere Road, Norwich, Norfolk NR7 8JU3
£212K02/210.52 mi28, Cere Road, Norwich, Norfolk NR7 8JU3
£360K09/210.52 mi37, St Marys Grove, Norwich, Norfolk NR7 8DJ3
£250K12/200.52 mi21, St Marys Grove, Norwich, Norfolk NR7 8DJ3
£265K05/240.53 mi35, Tiercel Avenue, Norwich, Norfolk NR7 8JN3
£265K03/210.56 mi53, Merlin Mews, Norwich, Norfolk NR7 8BZ3
£310K01/210.56 mi43, Merlin Mews, Norwich, Norfolk NR7 8BZ3
£270K11/200.57 mi15, Church Green, Norwich, Norfolk NR7 8BA3
£285K07/230.58 mi54, St Margarets Drive, Norwich, Norfolk NR7 8DA3
£360K01/230.58 mi42, Linacre Avenue, Norwich, Norfolk NR7 8PF3
£197K06/210.59 mi174, Blithewood Gardens, Norwich, Norfolk NR7 8PP3
£223K12/230.59 mi10, Blenheim Road, Norwich, Norfolk NR7 8AH3
£225K01/240.61 mi10, Sparhawk Avenue, Norwich, Norfolk NR7 8BX3
£25.5M11/210.61 mi23, Sparhawk Avenue, Norwich, Norfolk NR7 8BX3
£275K01/230.61 mi25, Sparhawk Avenue, Norwich, Norfolk NR7 8BX3
£200K06/240.63 mi112, Blithewood Gardens, Norwich, Norfolk NR7 8PW3
£372.5K02/240.63 mi36, Martin Close, Norwich, Norfolk NR7 8PA3
£280K06/230.63 mi15, Martin Close, Norwich, Norfolk NR7 8PA3
£248K04/210.63 mi18, Varvel Avenue, Norwich, Norfolk NR7 8JH3
£248K04/210.63 mi18, Varvel Avenue, Norwich, Norfolk NR7 8JH3
£215K08/230.65 mi60, Varvel Avenue, Norwich, Norfolk NR7 8PJ3

Local Rents

30 rents from £1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35002/250.18 mi-3
£1,10006/240.29 miCranes Croft Road3
£1,25006/240.34 miLarch Close, Sprowston, Norwich, Norfolk, NR73
£1,15012/240.43 miCere Road, Norwich3
£1,40006/240.44 miRandall Road, Sprowston, NR73
£1,40012/240.7 mi-3
£1,40008/240.8 miSycamore Avenue, Rackheath, NR133
£1,10012/240.84 miSale Road, Norwich3
£1,25012/240.85 miCannerby Lane, NORWICH3
£1,29512/240.92 miCannerby Lane, Norwich, Norfolk, NR73
£1,05012/240.93 miWilks Farm Drive, Sprowston, Norwich, NR73
£1,35006/241 miRackheath Park, Rackheath, Norwich3
£1,57507/241 miOstler Road, Norwich, Norfolk, NR133
£1,62507/241 miOstler Road, Norwich, Norfolk, NR133
£1,57508/241 miOstler Road, Norwich, Norfolk, NR133
£1,57508/241 miOstler Road, Norwich, Norfolk, NR133
£1,19002/251.04 mi-3
£1,65007/241.05 miHumprey Way, Norwich, Norfolk, NR133
£1,57507/241.06 miMetcalf Road, Norwich, Norfolk, NR133
£1,57507/241.06 miMetcalf Road, Norwich, Norfolk, NR133
£1,57509/241.07 mi64 Metcalf Road, Norwich, Norfolk, NR133
£1,57508/241.07 miMetcalf Road, Norwich, Norfolk, NR133
£1,57507/241.09 miMetcalf Road, Norwich, Norfolk, NR133
£1,50006/241.11 miStafford Way, Rackheath, Norwich, NR133
£1,40006/241.11 miStafford Way, Rackheath, Norwich, NR133
£1,50006/241.11 mi-3
£1,40008/241.11 mi-3
£1,30012/241.17 miNorth Walsham Road, Norwich3
£1,03512/241.19 mi-3
£1,05003/251.19 mi-3

Local Area Statistics

Population in NR7

32,046

Population in Norwich

366,887

Town centre distance

2.41 miles away

Nearest school

0.90 miles away

Nearest train station

2.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £230,000

September 26, 2024

Floor Plans

Description

abbotFox presents this modern, end terraced home. A Discounted Market sale home, sold at 80% of market value.

Set within the sought after residential area of Sprowston, with a wealth of amenities on the doorstep, this home represents an ideal opportunity for any first time buyer or young family.

The accommodation is neatly arranged over two floors and comprises; entrance hall, cloakroom, kitchen breakfast room and lounge diner to the ground floor. The first floor offers three comfortable bedrooms, the master serviced with an en-suite shower room and a family bathroom accessed off landing. Externally, the property benefits from allocated parking and an enclosed rear garden. An internal viewing comes highly recommended.

Agents Note: This home is offered to the market as a re-sale of an affordable home at 80% of market value in perpetuity (protected via a restriction on the title). Applicants must have a local connection to Broadland district. For further information, please contact the sales team.

Guide price £230,000 - £240,000

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

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