3 Bed Semi-Detached House, Planning Permission, Norwich, NR6 5PG, £290,000

Links Avenue, Norwich, NR6 5PG - 6 months ago

Planning
ROI: 1%
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£168K - £435K
Sold Prices/m²£2.2K/m² - £7K/m²

 

 

Square Metres

~93 m²
Price/m²£3.1K/m²

Value Estimate

£280,094

 

 

End Value (After Refurb)

£293,000

Uplift in Value

+-2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£12,700

Refurb Costs

£41,755

Bridging Loan Interest

£7,613

Total Cash In

£136,318

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£293,000

Mortgage (After Refinance)

£219,750

Mortgage LTV

75%

Cash Released

£2,250

Cash Left In

£134,068

Equity

£73,250

Rent Range

£950 - £2,000

Rent Estimate

£1,311

Running Costs/mo

£1,198

Cashflow/mo

£113

Cashflow/yr

£1,358

ROI

1%

Gross Yield

5%

Local Sold Prices

49 sold prices from £168K to £435K, average is £256K. £2.2K/m² to £7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£256K02/210 mi69, Links Avenue, Norwich, Norfolk NR6 5PG3
£435K11/220.02 mi96, Links Avenue, Norwich, Norfolk NR6 5PG3
£210K10/200.08 mi37, Links Avenue, Hellesdon, Norwich, Norfolk NR6 5PF3
£260K05/230.08 mi64, Links Avenue, Hellesdon, Norwich, Norfolk NR6 5PF3
£387.5K01/240.09 mi20, Links Close, Norwich, Norfolk NR6 5PJ3
£252.5K11/230.11 mi3, Kinsale Avenue, Norwich, Norfolk NR6 5SG3
£285K05/210.13 mi174, Links Avenue, Norwich, Norfolk NR6 5PQ3
£268K10/200.13 mi113, Links Avenue, Norwich, Norfolk NR6 5PQ3
£270K10/200.15 mi15, Links Avenue, Norwich, Norfolk NR6 5PE3
£235K06/210.16 mi156, Middletons Lane, Norwich, Norfolk NR6 5SQ3
£293K02/210.19 mi168, Middletons Lane, Norwich, Norfolk NR6 5SF3
£338.5K06/230.19 mi105, Middletons Lane, Norwich, Norfolk NR6 5SR3
£264K11/200.19 mi103, Middletons Lane, Norwich, Norfolk NR6 5SR3
£335K01/230.19 mi108, Middletons Lane, Norwich, Norfolk NR6 5SR3
£277K09/210.2 mi9, Berkley Close, Norwich, Norfolk NR6 5LZ3
£240K07/210.22 mi12, Sutherland Avenue, Norwich, Norfolk NR6 5LW3
£220K06/230.22 mi42, Nursery Close, Norwich, Norfolk NR6 5SJ3
£212.5K04/230.22 mi30, Nursery Close, Norwich, Norfolk NR6 5SJ3
£205K03/210.22 mi42, Nursery Close, Norwich, Norfolk NR6 5SJ3
£190K04/210.22 mi44, Nursery Close, Norwich, Norfolk NR6 5SJ3
£355K11/220.24 mi48, Hercules Road, Norwich, Norfolk NR6 5HH3
£242.5K05/240.25 mi35, Hercules Road, Norwich, Norfolk NR6 5HQ3
£195K09/210.25 mi69, Nursery Close, Norwich, Norfolk NR6 5SL3
£197K05/210.25 mi63, Nursery Close, Norwich, Norfolk NR6 5SL3
£168K12/200.25 mi41, Nursery Close, Norwich, Norfolk NR6 5SL3
£233K08/240.25 mi93, Nursery Close, Norwich, Norfolk NR6 5SL3
£195K12/220.25 mi3a, Hercules Road, Norwich, Norfolk NR6 5HQ3
£239K06/210.26 mi24, Hastings Avenue, Norwich, Norfolk NR6 5LL3
£235K12/200.26 mi19, Hastings Avenue, Norwich, Norfolk NR6 5LL3
£225K03/210.26 mi4, Sutherland Avenue, Norwich, Norfolk NR6 5LN3
£250K12/230.27 mi117, Reepham Road, Norwich, Norfolk NR6 5LU3
£255K01/230.27 mi163, Nursery Close, Norwich, Norfolk NR6 5SH3
£245K04/240.29 mi34, Harlington Avenue, Norwich, Norfolk NR6 5LJ3
£235K05/210.29 mi28, Harlington Avenue, Norwich, Norfolk NR6 5LJ3
£335K01/230.3 mi15, Woodland Road, Hellesdon, Norwich, Norfolk NR6 5RA3
£265K08/230.31 mi14, Woodland Road, Hellesdon, Norwich, Norfolk NR6 5RA3
£255K12/230.31 mi24, Woodland Road, Hellesdon, Norwich, Norfolk NR6 5RA3
£275K03/210.31 mi233, Reepham Road, Norwich, Norfolk NR6 5QA3
£315K11/230.31 mi231, Reepham Road, Norwich, Norfolk NR6 5QA3
£220K10/230.31 mi2, Samson Road, Norwich, Norfolk NR6 5HG3
£260K08/230.31 mi11, Samson Road, Norwich, Norfolk NR6 5HG3
£245K06/240.31 mi6, Samson Road, Norwich, Norfolk NR6 5HG3
£285K11/200.31 mi36, Reepham Road, Norwich, Norfolk NR6 5LT3
£275K10/200.32 mi19, Wood View Road, Hellesdon, Norwich, Norfolk NR6 5QB3
£300K10/230.33 mi9, Ferndale Close, Norwich, Norfolk NR6 5SD3
£325K05/240.35 mi43, Windsor Road, Norwich, Norfolk NR6 5NT3
£262.5K09/210.35 mi1, Mountfield Avenue, Norwich, Norfolk NR6 5HW3
£280K02/210.35 mi15, Mountfield Avenue, Norwich, Norfolk NR6 5HW3
£285K03/210.35 mi19, Mountfield Avenue, Norwich, Norfolk NR6 5HW3

Local Rents

32 rents from £950/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,60006/240.03 miLinks Avenue, Hellesdon, Norwich.3
£1,25006/240.36 mi3 Elder Close, Norwich, Norfolk, NR63
£1,50012/240.37 mi-3
£1,30003/240.37 miSycamore Court, Norwich, Norfolk, NR63
£1,50001/250.49 mi-3
£1,25006/240.53 miCromer Road, Norwich, NR63
£1,20006/240.6 miHellesdon, Norwich, NR63
£1,20012/240.64 mi-3
£1,40003/250.64 mi-3
£1,35012/240.7 miSilk Mill Road, Hellesdon, Norfolk, NR63
£1,10006/240.72 miDrayton Wood Road, Hellesdon3
£95003/240.76 mi-3
£1,30007/240.83 miBaxter Court, Norwich, NR33
£1,30008/240.83 miBaxter Court, Norwich, NR33
£1,30008/240.83 mi-3
£1,35006/240.95 miHartbee Road, Norwich, Norfolk, NR63
£1,30001/251.01 mi-3
£2,00006/241.03 miHarry Watson Court, Norwich, NR33
£1,20009/241.03 miDrayton Road, Norwich3
£1,50006/241.03 mi-3
£1,50003/251.03 mi-3
£1,40001/251.11 mi-3
£1,40003/251.12 mi-3
£1,10006/241.15 miRosebay Close, Norwich3
£1,25007/241.15 miDrayton Road, Norwich, Norfolk, NR33
£1,10012/241.19 miOld Catton3
£1,17503/251.21 mi-3
£1,20012/241.22 miBeaufort Close, Old Catton, Norwich3
£1,20003/241.24 mi-3
£1,20006/241.24 miAylsham Rd, Norwich, NR33
£1,40007/241.24 mi-3
£1,40007/241.24 miWoodcock Road, Norwich, NR33

Local Area Statistics

Population in NR6

24,173

Population in Norwich

366,887

Town centre distance

1.91 miles away

Nearest school

0.20 miles away

Nearest train station

3.01 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Price changed to £290,000

December 26, 2024

Listed for £300,000

October 8, 2024

Sold for £152,100

2010

Sold for £27,750

1995

Floor Plans

Description

  • Semi Detached House +

  • Three Bedrooms +

  • Mature & Established Enclosed Rear Garden +

  • Driveway Providing Ample Off-Road Parking +

  • Characterful Lounge With Original Fireplace +

  • Planning Permission For Extension (Broadland Reference - 2024/0171) +

  • Easy Reach Of Local Schools & Amenities +

SUMMARY
W H Brown are delighted to present this well-presented semi-detached property. Offering three bedrooms and located within a maturing residential area to the north side of the city! Planning permission is granted for a flat roof rear extension under Broadland council reference (2024/0171)..

DESCRIPTION
Located within the heart of Hellesdon a suburb to the north side of Norwich city and is within easy reach of many local facilities and amenities, is this three-bedroom semi-detached house, ideal for families!

Internally to the ground floor, the accommodation comprises of entrance hall, leading to living room, inner lobby, kitchen/dining room, and bathroom, all with plenty of natural light being given. This is complemented to the first floor with three bedrooms off the landing. Externally to the front of the property is a driveway providing ample off-road parking, and this is complemented by the rear garden, which is mainly laid to lawn with a patio area, summer house and well-established bushes and shrubs.

Properties like this are in high demand, therefore a full and early internal inspection is highly recommended!

Entrance Hall  
External entrance door to front aspect, radiator and opening to living room.

Living Room  17' 2" x 12' 2" Max ( 5.23m x 3.71m Max )
Upvc double glazed window to front aspect, wood effect floor, radiator and original fireplace. Door opening to inner lobby and further door opening to kitchen/dining room.

Inner Lobby 
Giving access to bathroom and understairs cupboard.

Bathroom  
Suite comprising bath with shower over, wash hand basin, wc and upvc double glazed window to side aspect.

Kitchen/Dining Room 18' 1" x 10' 6" Max ( 5.51m x 3.20m Max )
Upvc double glazed window to rear aspect, a range of wall and base units with work surfaces over, electric over with four ring gas hob, breakfast bar, and upvc double glazed door to side aspect.

First Floor Landing  
Giving access to all three bedrooms

Bedroom One 12' 3" x 10' 10" ( 3.73m x 3.30m )
Upvc double glazed window to front aspect, radiator and built in cupboard.

Bedroom Two  10' x 8' 1" ( 3.05m x 2.46m )
Upvc double glazed window to rear aspect and radiator.

Bedroom Three  7' 2" x 7' ( 2.18m x 2.13m )
Upvc double glazed window to rear aspect and radiator.

Outside  
To the front of the property a driveway can be found with an array of established bushes and shrubs. This is complemented by the rear garden which is mainly laid to lawn, with patio space and a summer house.

DIRECTIONS
From the W H Brown office in Hellesdon, follow the Reepham road towards the city centre direction, and at the roundabout continue over onto Reepham Road and take the first turning on the right-hand side onto Links Avenue where the property can be found.

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, Hellesdon

01603 361920

Next Steps?

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