4 Bed Detached House, Single Let, Norwich, NR7 8DB, £375,000

St. Margarets Drive, Norwich, NR7 8DB - 1 views - 6 months ago

Sold STC
Leasehold
BTL
~129 m²
+16 photos

ValuationUndervalued

Sold Prices£240K - £620K
Sold Prices/m²£1.3K/m² - £5.4K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.9K/m²

Value Estimate

£386,504
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,050 - £2,750

Rent Estimate

£1,050

Running Costs/mo

£1,402

Cashflow/mo

£-352

Cashflow/yr

£-4,222

Gross Yield

3%

Local Sold Prices

51 sold prices from £240K to £620K, average is £350K. £1.3K/m² to £5.4K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£352.8K02/210.1 mi66, Church Lane, Sprowston, Norwich, Norfolk NR7 8AZ4
£337K06/210.11 mi10, Church Green, Norwich, Norfolk NR7 8BA4
£450K07/240.15 mi15, Church Lane, Sprowston, Norwich, Norfolk NR7 8AY4
£362.5K01/210.32 mi139, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RQ4
£560K09/230.36 mi146, Wroxham Road, Norwich, Norfolk NR7 8EZ4
£365K08/210.37 mi95, Foxburrow Road, Norwich, Norfolk NR7 8QX4
£365K08/210.37 mi95, Foxburrow Road, Norwich, Norfolk NR7 8QX4
£300K07/210.37 mi69, Foxburrow Road, Norwich, Norfolk NR7 8QX4
£353K12/200.37 mi1, Conroy Close, Norwich, Norfolk NR7 8FF4
£620K03/210.45 mi147, Wroxham Road, Norwich, Norfolk NR7 8AF4
£350K11/200.48 mi112, Windsor Park Gardens, Norwich, Norfolk NR6 7PT4
£380K01/240.49 mi35, Foxburrow Road, Norwich, Norfolk NR7 8QU4
£320K11/210.51 mi6b, Edwards Road, Norwich, Norfolk NR7 8QW4
£295K12/200.51 mi2a, Dixon Road, Norwich, Norfolk NR7 8QJ4
£340K07/230.51 mi28, Dixon Road, Sprowston, Norwich, Norfolk NR7 8QJ4
£325K06/210.51 mi21, Pioneer Road, Norwich, Norfolk NR6 7PB4
£400K04/230.52 mi7, Cuthbert Close, Norwich, Norfolk NR7 8QL4
£265K02/210.53 mi57, Windsor Park Gardens, Norwich, Norfolk NR6 7PR4
£325K10/230.53 mi33, Windsor Park Gardens, Norwich, Norfolk NR6 7PR4
£545.6K05/230.55 mi102, Wroxham Road, Norwich, Norfolk NR7 8EX4
£420K05/210.57 mi123, Wroxham Road, Norwich, Norfolk NR7 8AD4
£420K03/230.57 mi115, Wroxham Road, Norwich, Norfolk NR7 8AD4
£380K03/210.6 mi52, Rosemary Road, Norwich, Norfolk NR7 8ER4
£405K03/230.6 mi68, Rosemary Road, Norwich, Norfolk NR7 8ER4
£575K12/220.61 mi9, Rosemary Road, Norwich, Norfolk NR7 8ER4
£378K12/200.64 mi61, Mountbatten Drive, Norwich, Norfolk NR6 7PP4
£305K11/230.64 mi96, Mountbatten Drive, Norwich, Norfolk NR6 7PP4
£290K02/240.64 mi124, Mountbatten Drive, Norwich, Norfolk NR6 7PP4
£475K01/210.66 mi14, Blithemeadow Drive, Norwich, Norfolk NR7 8PY4
£345K11/200.67 mi15, Colindeep Lane, Norwich, Norfolk NR7 8EG4
£350K12/200.69 mi37, Allens Avenue, Norwich, Norfolk NR7 8EP4
£295K03/210.71 mi19, Blithemeadow Drive, Norwich, Norfolk NR7 8PX4
£421.5K05/230.72 mi89, Blithemeadow Drive, Norwich, Norfolk NR7 8PZ4
£305K12/200.72 mi5, Mounteney Close, Norwich, Norfolk NR6 7QH4
£375K04/230.73 mi10, Allens Lane, Sprowston, Norwich, Norfolk NR7 8EL4
£380K10/230.73 mi5, Blithewood Gardens, Norwich, Norfolk NR7 8PR4
£246.5K03/210.74 mi9, Weston Court, Norwich, Norfolk NR6 7EX4
£265K02/210.75 mi26, Longe Road, Norwich, Norfolk NR6 7JD4
£500K08/230.75 mi77, Wroxham Road, Norwich, Norfolk NR7 8TW4
£240K11/210.75 mi94, Blithewood Gardens, Norwich, Norfolk NR7 8PW4
£295K03/210.77 mi5, Lovett Close, Norwich, Norfolk NR6 7JU4
£325K12/230.77 mi10, Lovett Close, Norwich, Norfolk NR6 7JU4
£255K07/210.79 mi143, Moore Avenue, Norwich, Norfolk NR6 7LQ4
£300K10/200.79 mi163, Moore Avenue, Norwich, Norfolk NR6 7LQ4
£347.5K01/240.82 mi23, Breydon Road, Norwich, Norfolk NR7 8EF4
£265K12/200.85 mi43, Billing Close, Norwich, Norfolk NR6 7EL4
£290K11/230.85 mi38, Billing Close, Norwich, Norfolk NR6 7EL4
£325K05/240.85 mi32, Billing Close, Norwich, Norfolk NR6 7EL4
£252.5K04/210.85 mi12, Desmond Drive, Norwich, Norfolk NR6 7JN4
£385K03/230.87 mi33, Burma Road, Norwich, Norfolk NR6 7LH4
£360K08/240.89 mi61, Cromwell Road, Norwich, Norfolk NR7 8XJ4

Local Rents

30 rents from £1.1K/mo to £2.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,80006/240.13 miSt. Marys Grove, Norwich, NR75
£1,80003/240.13 mi-5
£1,40012/240.2 mi-3
£1,10006/240.24 miCranes Croft Road3
£1,65012/240.38 miConroy Close, Norwich4
£1,05012/240.4 miWilks Farm Drive, Sprowston, Norwich, NR73
£2,00012/240.46 miWindsor Park Gardens, Norwich5
£1,25006/240.61 miLarch Close, Sprowston, Norwich, Norfolk, NR73
£1,30002/250.62 mi-4
£1,15012/240.63 miCere Road, Norwich3
£1,25012/240.68 miCannerby Lane, NORWICH3
£1,30012/240.69 miNorth Walsham Road, Norwich3
£1,35002/250.71 mi-3
£1,29512/240.78 miCannerby Lane, Norwich, Norfolk, NR73
£1,30004/250.8 mi-3
£1,35006/240.82 miMoore Avenue, NR64
£1,19002/250.89 mi-3
£1,40006/240.93 miThree Corner Drive, Norwich3
£1,05003/250.95 mi-3
£1,05006/240.96 miSpixworth Road, Old Catton, Norwich, NR63
£1,75012/240.97 mi-3
£1,40006/240.97 miRandall Road, Sprowston, NR73
£1,60006/241.04 miChurch Street, Old Catton, Norwich4
£1,20002/251.06 mi-3
£1,10012/241.07 miSale Road, Norwich3
£2,75009/241.08 mi-6
£1,20008/241.12 mi-3
£1,20007/241.12 miShipfield, Norwich, NR33
£1,20012/241.18 miPriors Drive, Norwich3
£1,30012/241.2 mi-3

Local Area Statistics

Population in NR7

32,046

Population in Norwich

366,887

Town centre distance

2.13 miles away

Nearest school

0.40 miles away

Nearest train station

2.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £375,000

October 3, 2024

Sold for £300,500

2021

Floor Plans

Description

  • Stunning extended kitchen/diner featuring an open-plan design with a large island breakfast bar, integrated appliances, and sleek bi-folding doors +
  • The master bedroom boasts a private dressing room and an en-suite bathroom with a spacious walk-in shower +
  • The kitchen extension is equipped with underfloor heating, providing added comfort and warmth +
  • Versatile fourth bedroom located on the ground floor, this bedroom offers flexibility for a guest room, home office, or playroom +
  • The entire property has been stylishly renovated with high-end finishes and contemporary design features +
  • The landscaped garden includes a large patio, artificial grass, and a raised seating area +
  • Excellent transport links with easy access to Norwich city and the A47 +
  • Situated in a family-friendly estate near parks and amenities +
  • END OF CHAIN! +

Chain free. This beautifully renovated four-bedroom detached home is situated in the desirable suburb of Sprowston. Featuring a stunning extended kitchen/diner with an island breakfast bar, integrated appliances, and bi-folding doors leading to a low-maintenance garden, it offers perfect family living. The master suite includes a dressing room and a luxurious en-suite with a walk-in shower. With underfloor heating in the extension and modern updates throughout, this immaculate property is located in a family-friendly estate with easy access to local amenities and parks. The Location St. Margarets Drive is located in the heart of the NR7 area of Norwich, a residential suburb to the northeast of the city. The property is well-positioned near essential amenities, including shops, schools, and parks, with local conveniences just a short walk away. Additionally, the area benefits from excellent transport links, including the Norwich Park & Ride service and easy access to the A47, connecting residents to the city center, the Norfolk Broads, and surrounding areas. It's an ideal location for families and commuters alike. St. Margarets Drive This beautifully renovated four-bedroom detached family home is located in the sought-after suburb of Sprowston. The property boasts a newly extended open-plan kitchen/diner with integrated appliances, an island breakfast bar with stove and stunning bi-folding doors that lead to a low-maintenance garden featuring a large patio, artificial grass, and a private, raised seating area. The ground floor includes a spacious lounge and a versatile fourth bedroom, while the first floor offers three additional bedrooms, including a master suite with a dressing room and a renovated en-suite featuring a walk-in shower. The home benefits from modern updates throughout, underfloor heating in the extension, and is presented in immaculate condition. Situated in a family-friendly estate, the house is within easy reach of local amenities and parks, offering great access to the city. With its contemporary design and excellent location, this property is the perfect family home. Agents Note We understand this property will be sold freehold. Connected to all mains services. Council Tax Band - D

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?

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