2 Bed Bungalow, Single Let, Norwich, NR8 5BA, £300,000

West End Avenue, Old Costessey, NR8 5BA - 6 months ago

BTL
~68 m²
+5 photos

ValuationOvervalued

Sold Prices£122.5K - £300K
Sold Prices/m²£2.6K/m² - £29.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£235,550

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£850 - £1,200

Rent Estimate

£873

Running Costs/mo

£1,132

Cashflow/mo

£-259

Cashflow/yr

£-3,109

Gross Yield

3%

Local Sold Prices

22 sold prices from £122.5K to £300K, average is £199.8K. £2.6K/m² to £29.7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£182K02/210.12 mi4, Breydon Drive, Costessey, Norwich, Norfolk NR8 5AR2
£125K08/210.21 mi5, Tower Close, Costessey, Norwich, Norfolk NR8 5AU2
£122.5K09/210.34 mi15, Bittern Road, Costessey, Norwich, Norfolk NR8 5FL2
£220K11/210.37 mi32, Woodpecker Way, Costessey, Norwich, Norfolk NR8 5FD2
£207.5K07/240.38 mi19, Crossbill Close, Costessey, Norwich, Norfolk NR8 5FY2
£177K01/210.43 mi80, Rose Avenue, Costessey, Norwich, Norfolk NR8 5EX2
£255K11/220.44 mi62, Poethlyn Drive, Costessey, Norwich, Norfolk NR8 5ET2
£135K05/240.48 mi20, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£220K06/210.51 mi54, West End, Costessey, Norwich, Norfolk NR8 5AJ2
£213K08/240.52 mi44, Ron Hill Road, Costessey, Norwich, Norfolk NR8 5GQ2
£155K05/210.55 mi14, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY2
£178.5K06/210.61 mi5, Stockwell Road, Costessey, Norwich, Norfolk NR8 5EQ2
£222.5K09/210.7 mi1a, West End, Costessey, Norwich, Norfolk NR8 5AG2
£190K09/210.73 mi3, Cleves Way, Costessey, Norwich, Norfolk NR8 5EN2
£300K01/240.74 miClive House, Townhouse Road, Costessey, Norwich, Norfolk NR8 5AA2
£187.5K12/200.77 mi79, Fairway, Costessey, Norwich, Norfolk NR8 5HE2
£192K02/210.78 mi19, Lords Hill, Costessey, Norwich, Norfolk NR8 5GE2
£242K05/230.8 mi49, The Street, Costessey, Norwich, Norfolk NR8 5DD2
£180K11/200.84 mi128, Fairway, Costessey, Norwich, Norfolk NR8 5GB2
£229.9K11/210.91 mi96, The Street, Costessey, Norwich, Norfolk NR8 5DF2
£250K06/210.96 mi2, The Croft, Costessey, Norwich, Norfolk NR8 5DT2
£220K04/210.99 mi34, Lime Tree Avenue, Costessey, Norwich, Norfolk NR8 5AD2

Local Rents

13 rents from £850/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,00012/240.28 miFalcon Crescent, Costessey, NR82
£90006/240.31 miFalcon Crescent, Costessey, Norwich2
£1,20003/250.33 mi-2
£90006/240.34 miRedpoll Road, Costessey2
£1,20003/250.36 mi-2
£89512/240.42 miWoodpecker Way, Queens Hill2
£89512/240.42 miNightingale Mews, Norwich2
£92512/240.42 mi-2
£85006/240.43 miWoodpecker Court, Woodpecker Way, Costessey2
£89512/240.45 miQueens Hills2
£85012/240.52 miRon Hill Road, Norwich2
£95012/240.56 miBahram Road, Costessey, NORWICH2
£95012/240.6 miCheena Court, Costessey, Norwich2

Local Area Statistics

Population in NR8

20,321

Population in Norwich

366,887

Town centre distance

4.40 miles away

Nearest school

0.60 miles away

Nearest train station

5.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £300,000

January 7, 2025

Listed for £325,000

October 24, 2024

Floor Plans

Description

  • Guide £300,000 - £325,000 On This Detached Bungalow +
  • Entrance Hall +
  • Lounge +
  • Kitchen/Breakfast Room +
  • Two Bedrooms +
  • Shower Room +
  • Lovely Mature Gardens With Summer House +
  • Driveway & Garage +
  • Popular Village Location +
  • Be Quick To View +

Property Summary
Beautifully presented and well maintained is this two bedroom detached bungalow with a private and generous plot in the village of Old Costessey. The property is light and spacious throughout and comprises kitchen/breakfast room, sitting room, shower room and two double bedrooms all accessed from the central ‘L' shaped hallway. The front and rear gardens have been landscaped and are meticulously well manicured and private. There is also a garage and a driveway and the property has had many upgrades including the fascia's and guttering, replaced boiler and windows to name a few. Entrance Porch
Door to: Entrance Hall
Wooden effect flooring, two cupboards, radiator and doors to all internal rooms. Kitchen/Breakfast Room
Fitted with a range of base and wall units, space for Range style cooker, fridge/freezer and washing machine, circular sink, tiled splash backs, breakfast bar, wooden effect flooring and window to front and rear. Shower Room
Fitted with a white modern suite comprising low level W.C, pedestal wash basin and corner shower. Tiled splash backs, radiator and window to the side. Sitting Room
Gas fireplace, radiator to front and side, bay window to the front and window to the side. Bedroom
Radiator and window to the rear. Bedroom
With built in wardrobes, radiator and double doors to the rear. Garage
With up and over door, power and light and window to the rear. Front
The front of the property is approached by a driveway providing off road parking. There is a lawned area and a dwarf brick wall. A pathway provides access to the front door and there are gates that lead to the extended driveway beyond, which in turn gives access to the garage. Rear
The rear gardens are Westerly facing and private. They are very well established and well stocked with a variety of plants, flowers and shrubs and a lawned area. A pathway to the side leads to the end of the garden and there is a summer house and storage shed. The gardens are fully enclosed and private.

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

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