4 Bed Detached House, Single Let, Norwich, NR8 5GB, £495,000

Costessey, NR8 5GB - 6 months ago

BTL
~129 m²
+9 photos

ValuationOvervalued

Sold Prices£210K - £430K
Sold Prices/m²£1.9K/m² - £3.7K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.8K/m²

Value Estimate

£315,971

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£123,750

Stamp Duty & Legal Fees

£28,300

Total Cash In

£152,050

 

 

Cash Out

 

Rent Range

£995 - £1,800

Rent Estimate

£1,219

Running Costs/mo

£1,811

Cashflow/mo

£-592

Cashflow/yr

£-7,100

Gross Yield

3%

Local Sold Prices

28 sold prices from £210K to £430K, average is £278.8K. £1.9K/m² to £3.7K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£375K12/220.13 mi2, Foxhouse Road, Costessey, Norwich, Norfolk NR8 5HL4
£210K06/230.29 mi7, Stockwell Road, Costessey, Norwich, Norfolk NR8 5EQ4
£335K12/220.35 mi3, Silvo Road, Costessey, Norwich, Norfolk NR8 5EL4
£270K11/220.37 mi29, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE4
£240K06/210.37 mi17, Magpie Close, Costessey, Norwich, Norfolk NR8 5AQ4
£257K01/230.37 mi33, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE4
£256.5K02/230.37 mi31, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE4
£265K08/240.37 mi15, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE4
£305K12/220.37 mi19, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE4
£265K04/240.4 mi36, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH4
£277.5K12/230.41 mi31, Ron Hill Road, Costessey, Norwich, Norfolk NR8 5GQ4
£265K05/230.41 mi7, Ron Hill Road, Costessey, Norwich, Norfolk NR8 5GQ4
£250K03/210.41 mi31, Ron Hill Road, Costessey, Norwich, Norfolk NR8 5GQ4
£228.5K02/210.41 mi7, Ron Hill Road, Costessey, Norwich, Norfolk NR8 5GQ4
£284K05/230.43 mi64, Poethlyn Drive, Costessey, Norwich, Norfolk NR8 5ET4
£340K06/230.43 mi6, Poethlyn Drive, Costessey, Norwich, Norfolk NR8 5ET4
£280K09/230.43 mi29, Poethlyn Drive, Costessey, Norwich, Norfolk NR8 5ET4
£295K10/230.48 mi32, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FF4
£325K10/210.48 mi40, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FF4
£265K06/230.48 mi15, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FF4
£310K01/230.55 mi28, Heron Road, Costessey, Norwich, Norfolk NR8 5FJ4
£290K11/220.59 mi12, Waxwing Way, Costessey, Norwich, Norfolk NR8 5GA4
£266K05/210.61 mi4, Crossbill Close, Costessey, Norwich, Norfolk NR8 5FY4
£355K06/230.61 mi2, Crossbill Close, Costessey, Norwich, Norfolk NR8 5FY4
£275K08/230.65 mi4, Lapwing Drive, Costessey, Norwich, Norfolk NR8 5FS4
£322K01/210.96 mi10, Dereham Road, Easton, Norwich, Norfolk NR9 5EJ4
£295K03/210.96 mi25, Dereham Road, Easton, Norwich, Norfolk NR9 5EH4
£430K02/210.96 mi27, Dereham Road, Easton, Norwich, Norfolk NR9 5EH4

Local Rents

19 rents from £995/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,45002/250.07 mi-3
£1,45012/240.07 miWoodcock Hill, Costessey, Norwich, NR83
£1,25011/240.25 mi-3
£1,30006/240.32 miKingfisher Close, NR8 5BF3
£1,10012/240.41 mi-3
£1,25006/240.45 miRobin Close, Queens Hill, Costessey, NR83
£1,29512/240.51 mi-3
£1,20006/240.54 miHeron Road, Norwich3
£1,35012/240.55 mi8 Falcon Crescent, NR84
£1,25012/240.68 miPochard Street, Costessey, Norwich3
£1,75010/240.85 mi-4
£1,79512/230.87 mi-4
£1,80007/240.87 mi-4
£1,29506/240.93 miBreydon Drive, NR83
£99503/251.02 mi-3
£99504/251.02 mi-3
£1,45012/241.2 miThe Street, Ringland, NR84
£1,75008/241.23 mi-4
£1,65004/251.23 mi-4

Local Area Statistics

Population in NR8

20,321

Population in Norwich

366,887

Town centre distance

5.21 miles away

Nearest school

0.30 miles away

Nearest train station

6.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £495,000

October 14, 2024

Floor Plans

Description

  • Executive detached house +
  • Four double bedrooms +
  • Generous living accommodation +
  • Detached double garage +
  • Private gardens backing woodland +
  • No onward chain +
  • Internal viewing highly recommended +
  • Solar panels fitted +

abbotFox presents this exceptional, executive detached family home. Occupying a prime position, with woodlands set to the rear, this home has been meticulously improved and exceptionally well maintained by the current owners since its construction.

Internally, this home offers a bright and stylish finish throughout, with the ground floor offering an inviting entrance hall, cloakroom, lounge, dining room, office, kitchen diner and utility room. The first floor offers four double bedrooms, two of which are furnished with en-suite shower rooms and a family bathroom.

Externally, the property offers ample off road parking for up to four vehicles and a generous detached double garage, which could be converted to additional accommodation (STNC). The enclosed low maintenance rear garden affords an exceptional degree of privacy with woodland set to the rear.

The property further benefits from a wealth of upgrades, including 4.2kW Solar Panel system, Hive Home and 1Gb Fibre Optic broadband, ensuring this home is energy efficient to run and ideal for those working from home. Offered to the market with no onward chain, an internal viewing is essential to appreciate this opportunity.

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

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