3 Bed Semi-Detached House, Refurb/BRRR, Norwich, NR4 6DB, £200,000

Friar Tuck Road, Norwich, NR4 6DB - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+12 photos

ValuationFair Value

Sold Prices£178.5K - £530K
Sold Prices/m²£2K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£202,000

 

 

End Value (After Refurb)

£260,512

Uplift in Value

+30%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£42,000

Bridging Loan Interest

£5,250

Total Cash In

£106,200

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£260,512

Mortgage (After Refinance)

£195,384

Mortgage LTV

75%

Cash Released

£45,384

Cash Left In

£60,816

Equity

£65,128

Rent Range

£900 - £2,000

Rent Estimate

£1,391

Running Costs/mo

£1,112

Cashflow/mo

£279

Cashflow/yr

£3,344

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £178.5K to £530K, average is £242.5K. £2K/m² to £5.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£200K05/240 mi11, Friar Tuck Road, Norwich, Norfolk NR4 6DB3
£255K09/220.01 mi9, Friar Tuck Road, Norwich, Norfolk NR4 6DB3
£190K10/210.06 mi7, Allanadale Road, Norwich, Norfolk NR4 6DA3
£223K06/210.08 mi4, Maid Marian Road, Norwich, Norfolk NR4 6DE3
£178.5K11/230.09 mi109, Ipswich Road, Norwich, Norfolk NR4 6LB3
£195K10/200.09 mi103, Ipswich Road, Norwich, Norfolk NR4 6LB3
£200K12/200.09 mi96, Robin Hood Road, Norwich, Norfolk NR4 6BL3
£240K01/240.1 mi99, Robin Hood Road, Norwich, Norfolk NR4 6BT3
£235K04/240.11 mi239, Robin Hood Road, Norwich, Norfolk NR4 6BY3
£281.8K09/230.11 mi233, Robin Hood Road, Norwich, Norfolk NR4 6BY3
£305K08/220.12 mi69, Scarlet Road, Norwich, Norfolk NR4 6BW3
£490K06/240.15 mi54, Ipswich Road, Norwich, Norfolk NR4 6QR3
£433K11/200.15 mi66, Ipswich Road, Norwich, Norfolk NR4 6QR3
£415K02/210.15 mi38, Ipswich Road, Norwich, Norfolk NR4 6QR3
£225K10/230.15 mi67, Scarlet Road, Norwich, Norfolk NR4 6BW3
£250K09/230.15 mi31, Scarlet Road, Norwich, Norfolk NR4 6BW3
£250K10/230.17 mi31, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£252K12/220.17 mi41, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£262.2K03/230.17 mi59, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£266K04/230.17 mi43, Tuckswood Lane, Norwich, Norfolk NR4 6BE3
£205K04/210.18 mi420, Hall Road, Norwich, Norfolk NR4 6NF3
£220K11/230.18 mi420, Hall Road, Norwich, Norfolk NR4 6NF3
£222.5K02/240.18 mi426, Hall Road, Norwich, Norfolk NR4 6NF3
£205K02/210.18 mi432, Hall Road, Norwich, Norfolk NR4 6NF3
£210K10/200.19 mi13, Tuckswood Lane, Norwich, Norfolk NR4 6BD3
£245K02/210.19 mi23, Tuckswood Lane, Norwich, Norfolk NR4 6BD3
£210K10/200.19 mi13, Tuckswood Lane, Norwich, Norfolk NR4 6BD3
£210K05/210.19 mi66, Tuckswood Lane, Norwich, Norfolk NR4 6BG3
£260K12/200.19 mi29, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£400K06/210.21 mi3, Broadhurst Road, Norwich, Norfolk NR4 6RD3
£235K09/220.21 mi86, Tuckswood Lane, Norwich, Norfolk NR4 6BQ3
£352.4K06/210.22 mi10, Irving Road, Norwich, Norfolk NR4 6RA3
£350K10/200.22 mi8, Welsford Road, Norwich, Norfolk NR4 6QF3
£227.8K04/210.22 mi14, Lakenham Road, Norwich, Norfolk NR4 6BA3
£225K10/200.23 mi15, Peterkin Road, Norwich, Norfolk NR4 6LQ3
£178.5K04/210.23 mi6, Peterkin Road, Norwich, Norfolk NR4 6LQ3
£232.5K08/230.23 mi19, Peterkin Road, Norwich, Norfolk NR4 6LQ3
£530K07/230.24 mi4, Beatty Road, Norwich, Norfolk NR4 6RQ3
£240K12/230.24 mi72, Lakenham Road, Norwich, Norfolk NR4 6BB3
£410K08/210.25 mi8, Boileau Close, Norwich, Norfolk NR4 6RJ3
£370K12/200.25 mi27, Welsford Road, Norwich, Norfolk NR4 6QA3
£440K11/200.25 mi25, Welsford Road, Norwich, Norfolk NR4 6QA3
£520K03/230.25 mi25, Welsford Road, Norwich, Norfolk NR4 6QA3
£180K05/210.26 mi2, Peterkin Road, Norwich, Norfolk NR4 6LQ3
£380K11/200.26 mi2, Broadhurst Road, Norwich, Norfolk NR4 6RD3
£190K01/210.29 mi26, Locksley Road, Norwich, Norfolk NR4 6LE3
£268K10/220.29 mi42, Locksley Road, Norwich, Norfolk NR4 6LE3
£250K08/220.29 mi3, Watkin Road, Norwich, Norfolk NR4 6LH3
£245K11/220.3 mi76, Locksley Road, Norwich, Norfolk NR4 6LF3
£225K11/200.3 mi86, Locksley Road, Norwich, Norfolk NR4 6LF3

Local Rents

51 rents from £900/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.13 mi-3
£1,30012/240.13 miLittle John Road, Norwich, NR43
£90001/240.14 mi-3
£1,40012/240.17 miRobin Hood Road, Norwich3
£1,40002/240.57 mi-3
£1,50012/240.57 mi-3
£1,25006/240.6 miThe Walnuts, Norwich, 3
£1,10006/240.81 miLong John Hill, Norwich3
£1,10012/240.81 miLong John Hill, Norwich3
£1,80006/240.86 miBrentwood, Norwich, NR43
£1,35003/240.88 miHanover Road, Norwich NR2 2HD3
£1,30006/240.88 miGrove Avenue, Norwich, NR13
£1,40006/240.89 miGrove Avenue, Norwich, 3
£1,35006/240.92 miUplands Court, Upton Road, Norwich, NR4 7PH3
£1,30002/250.93 mi-3
£1,45006/240.93 miUpton Road, Norwich, NR43
£1,10008/240.93 miNewmarket Street, Norwich, NR23
£1,20007/240.93 miBury Street, Norwich, NR23
£1,10007/240.93 miNewmarket Street, Norwich3
£1,90006/240.93 mi-3
£2,00006/240.93 mi-3
£2,00003/250.93 mi-3
£1,20011/240.94 mi-3
£1,20002/250.94 mi-3
£1,35006/240.94 miLeicester Street, Norwich NR2 2AS3
£1,50003/240.94 miHeigham Cottage, Brunswick Road, Norwich NR2 2HA3
£1,10006/240.94 miLeicester Street, Norwich, Norfolk, NR23
£1,45506/240.94 miLeicester Street, Norwich, Norfolk, NR23
£1,75003/240.95 miLeicester Street, Norwich, NR2 2DZ3
£1,45012/240.95 mi-3
£1,70006/240.95 miUpton Road, Norwich, NR43
£1,45012/240.95 mi-3
£1,65012/240.95 mi-3
£1,45012/240.95 mi-3
£1,45012/240.95 mi-3
£1,47506/240.95 miBrunswick Road, Norwich, NR23
£1,45006/240.95 miUpton Road, Norwich, NR43
£1,25003/240.96 miNewmarket Street, Norwich, NR2 2DW3
£1,50002/250.97 mi-3
£1,35006/240.97 miBury Street, Norwich NR2 2DN3
£1,26006/240.97 miBury Street, Norwich NR2 2DN3
£1,40006/240.98 miBrunswick Road, Norwich3
£1,50007/240.98 miBrunswick Road, Fellowes Plain, Norwich3
£1,20008/240.98 miNorwich3
£1,30006/240.98 miOnley Street, NORWICH3
£1,05006/240.98 miNorwich3
£1,14006/240.99 miOnley Street, Norwich NR2 2EB3
£1,65006/241 miCity Centre, Norwich, NR23
£1,20001/121.01 miBury Street,Norwich,NR23
£1,65012/241.01 miCarlyle Road, Norwich, Norfolk, NR13
£1,40012/241.01 miEbbisham Drive, Norwich3

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

2.23 miles away

Nearest school

0.10 miles away

Nearest train station

1.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £200,000

October 14, 2024

Floor Plans

Description

  • GUIDE PRICE £200,000 - £210,000 +

  • NO ONWARD CHAIN +

  • SEMI DETACHED HOUSE +

  • THREE BEDROOMS +

  • FRONT AND REAR GARDENS +

  • ESTABLISHED HOME IDEAL FOR A FAMILY OR FIRST TIME BUYER +

  • REQUESTED SOUTH CITY LOCATION CLOSE TO THE CITY AND LOCAL FACILITIES AND AMENITIES +

  • ON STREET PARKING AVAILABLE +

SUMMARY
NO ONWARD CHAIN* William H Brown are pleased to present this established home offered with no onward chain and occupying a sought after south city location close to the city centre and local amenities.

DESCRIPTION
Situated in a prime location within a vibrant urban south city setting, this enticing semi-detached property offers an ideal opportunity for a discerning buyer. Boasting three well-appointed bedrooms and positioned in close proximity to a plethora of local facilities and amenities, convenience is key in this sought-after location.

Benefiting from excellent transport links, the residence provides easy access to both the city centre and major routes including the A140, A47, and A11, ensuring seamless travel both within and beyond Norwich. With vast potential for modernisation and improvement, this property presents an exciting blank canvas for customization and enhancement to suit individual preferences.

Complemented by front and rear gardens exquisitely laid to lawn, the property also features on-street parking for added convenience. Further attributes include double glazing throughout, gas-fired central heating, and the added appeal of no onward chain, making this a compelling prospect for those seeking a well-situated property with abundant scope for personalisation.

Entrance Hall 
Double glazed door to front aspect, radiator, doors to lounge and kitchen, stairs to first floor landing.

Lounge 12' 1" x 13' 8" ( 3.68m x 4.17m )
Double glazed window to front aspect, wall lighting, gas fire with back boiler, radiator, open to dining room;

Dining Room 8' 7" x 10' 4" ( 2.62m x 3.15m )
Double glazed patio doors to rear aspect, laminate floor, radiator, door to kitchen;

Kitchen 8' 7" x 10' 3" ( 2.62m x 3.12m )
Double glazed window to rear aspect, fitted kitchen with a range of wall and base units, work surfaces over, inset stainless steel sink and drainer, tiled splash back, plumbing and space for washing machine, space for fridge freezer, freestanding cooker, door to side aspect leading to side lobby.

Side Lobby 
Double glazed door to side aspect leading to garden, door to WC;

Wc 
Single glazed window to side aspect, suite comprising low level wc.

Landing 
Stairs leading from entrance hall to first floor landing, double glazed window to side aspect, loft access, doors to all bedrooms and bathroom.

Bedroom One 12' x 12' 1" ( 3.66m x 3.68m )
Double glazed window to front aspect, radiator.

Bedroom Two 9' 1" x 8' 6" ( 2.77m x 2.59m )
Double glazed window to front aspect, radiator.

Bedroom Three 8' 7" x 13' 5" ( 2.62m x 4.09m )
Double glazed window to rear aspect, radiator.

Bathroom 
Double glazed window to rear aspect, suite comprising bath with electric shower over, low level wc, pedestal sink, radiator.

Outside 
The property is approached via a gated pathway leading to the front door leading through a manicured garden laid to lawn with shrub and plant borders. To the rear of the property there is an enclosed garden with high level hedging with a garden laid to lawn and patio offering side access to the front.

Agents Note 
The sale of this property is subject to grant of probate. Please seek an update from the branch with regards to the potential timeframes involved.

DIRECTIONS
Proceed out of Norwich via the Ipswich Road following to road over the ring road and proceeding past both the Oak Tree public house and Shell petrol station before taking a left hand turn into Maid Marian Road, right into Robin Hood Road and then left into Friar Tuck Road. The property will then be located on your right hand side.

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, Norwich, Unthank Road

01603 361982

Next Steps?

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