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





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