2 Bed Semi-Detached House, Single Let, Norwich, NR6 7GA, £230,000

Ernest Drive, Norwich, Norfolk, NR6 7GA - 5 months ago

Sold STC
BTL
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£100K - £336K
Sold Prices/m²£990/m² - £5.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.4K/m²

Value Estimate

£235,384
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£795 - £1,200

Rent Estimate

£896

Running Costs/mo

£918

Cashflow/mo

£-22

Cashflow/yr

£-263

Gross Yield

5%

Local Sold Prices

50 sold prices from £100K to £336K, average is £215K. £990/m² to £5.4K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£220K11/210 mi11, Ernest Drive, Old Catton, Norwich, Norfolk NR6 7GA2
£252K01/240.09 mi61, Three Corner Drive, Norwich, Norfolk NR6 7HB2
£161K11/220.1 mi136, Desmond Drive, Norwich, Norfolk NR6 7JW2
£180K09/210.16 mi12, Three Corner Drive, Norwich, Norfolk NR6 7HA2
£232.5K03/240.18 mi36, Mountbatten Drive, Norwich, Norfolk NR6 7PJ2
£225K06/240.18 mi41, Mountbatten Drive, Norwich, Norfolk NR6 7PJ2
£150K12/200.2 mi153, White Woman Lane, Norwich, Norfolk NR6 7JL2
£275K01/230.2 mi107, The Paddocks, Norwich, Norfolk NR6 7HE2
£190K02/210.2 mi73, The Paddocks, Norwich, Norfolk NR6 7HE2
£193K04/210.2 mi125, The Paddocks, Norwich, Norfolk NR6 7HR2
£240K04/240.2 mi125, The Paddocks, Norwich, Norfolk NR6 7HR2
£210K11/230.2 mi169, The Paddocks, Norwich, Norfolk NR6 7HR2
£220K11/220.22 mi141, Mountbatten Drive, Norwich, Norfolk NR6 7PP2
£225K08/230.24 mi33, Brayfield Way, Norwich, Norfolk NR6 7ET2
£198K10/200.25 mi45, Edgefield Close, Old Catton, Norwich, Norfolk NR6 7HP2
£220K12/230.31 mi92, Proctor Road, Norwich, Norfolk NR6 7PH2
£240K12/200.31 mi102, Proctor Road, Norwich, Norfolk NR6 7PH2
£238K05/240.34 mi17, Windsor Park Gardens, Norwich, Norfolk NR6 7PR2
£182.5K11/210.34 mi54, Windsor Park Gardens, Norwich, Norfolk NR6 7PR2
£212K10/210.36 mi11, Billing Close, Norwich, Norfolk NR6 7EL2
£177K04/210.36 mi10, Billing Close, Norwich, Norfolk NR6 7EL2
£230K11/220.39 mi14, Lindley Close, Norwich, Norfolk NR6 7LL2
£235K11/220.39 mi36, Lindley Close, Norwich, Norfolk NR6 7LL2
£187K05/210.39 mi36, Lindley Close, Norwich, Norfolk NR6 7LL2
£208K11/230.39 mi24, Lindley Close, Norwich, Norfolk NR6 7LL2
£205K05/240.39 mi27, Lindley Close, Norwich, Norfolk NR6 7LL2
£100K03/230.39 mi131, Windsor Park Gardens, Norwich, Norfolk NR6 7PT2
£220K10/230.4 mi73, Norman Drive, Norwich, Norfolk NR6 7HW2
£215K09/230.42 mi130, Lodge Lane, Norwich, Norfolk NR6 7HJ2
£178K06/210.42 mi46, Priors Drive, Norwich, Norfolk NR6 7LJ2
£215K03/230.42 mi48, Priors Drive, Norwich, Norfolk NR6 7LJ2
£220K11/230.42 mi47, Priors Drive, Norwich, Norfolk NR6 7LJ2
£210K04/230.42 mi68, Priors Drive, Norwich, Norfolk NR6 7LJ2
£215K04/210.43 mi173, Spixworth Road, Norwich, Norfolk NR6 7DY2
£181.6K07/210.43 mi167, Spixworth Road, Norwich, Norfolk NR6 7DY2
£220K03/240.43 mi167, Spixworth Road, Norwich, Norfolk NR6 7DY2
£260K01/240.45 mi318, St Faiths Road, Norwich, Norfolk NR6 7BL2
£336K11/220.46 mi128, Moore Avenue, Norwich, Norfolk NR6 7LQ2
£280K08/230.47 mi106, Moore Avenue, Norwich, Norfolk NR6 7LQ2
£187K01/210.5 mi28, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£225K12/230.5 mi7, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£240K07/230.5 mi12, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£209K08/240.5 mi40, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£240K04/230.5 mi64, Moore Avenue, Norwich, Norfolk NR6 7LF2
£198K08/210.56 mi26, Blacksmiths Way, Norwich, Norfolk NR6 7DT2
£215K09/230.59 mi17, Lodge Farm Drive, Norwich, Norfolk NR6 7LP2
£203.5K02/210.59 mi31, Lodge Farm Drive, Norwich, Norfolk NR6 7LP2
£195K06/210.6 mi4, Bracey Avenue, Norwich, Norfolk NR6 7LB2
£195K07/210.61 mi55, Lodge Farm Drive, Norwich, Norfolk NR6 7LP2
£255K03/210.64 mi3, Elizabeth Close, Norwich, Norfolk NR7 8QH2

Local Rents

18 rents from £795/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95006/240.21 mi-2
£1,05003/240.39 miCatton, North Of The City2
£1,20012/240.42 mi-2
£89506/240.49 miSt Faiths Lane, Old Catton, NR62
£89506/240.5 miWilks Farm Drive, Sprowston, Norwich, NR72
£95003/240.5 miWilks Farm Drive,Sprowston,Norwich,NR72
£92506/240.69 miChurch View Court, NORWICH2
£1,10006/240.77 miNR62
£1,20012/240.83 miPennyroyal, Norwich, NR6 2
£79512/241.03 miNeville Road, Norwich, Norfolk, NR72
£92512/241.08 mi-2
£95006/241.09 mi-2
£95010/241.09 mi-2
£92506/241.12 miSchool Lane, NR7 8TR2
£1,20006/241.15 miDenton Road, Norwich2
£90003/241.2 miMousehold Lane, NR72
£99507/241.21 miSprowston Road, Norwich2
£99508/241.21 miSprowston Road, Norwich2

Local Area Statistics

Population in NR6

24,173

Population in Norwich

366,887

Town centre distance

2.10 miles away

Nearest school

0.20 miles away

Nearest train station

2.88 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £230,000

October 29, 2024

Floor Plans

Description

*IDEAL FIRST TIME HOME*

Abbotts would like to present this immaculate two-bedroom house nestled in the desirable area of Old Catton. This charming home offers a blend of modern amenities and classic appeal.

Upon entering, you are greeted by a spacious and inviting open plan kitchen and living area bathed in natural light, ideal for relaxing or entertaining. The well-appointed kitchen boasts contemporary fixtures and ample storage, perfect for culinary enthusiasts. Two generously sized bedrooms provide a peaceful retreat, complemented by a stylish, modern bathroom finished with high-quality fittings.

The exterior is equally impressive, featuring a beautifully manicured garden ideal for outdoor relaxation, and off-street parking adds convenience. Situated within a sought-after community, this property is close to local amenities, parks, and schools, while providing easy access to the city center.

Ideal for first-time buyers, small families, or those looking to downsize, this property in Old Catton offers move-in-ready comfort and sophistication in a prime location. Call now to book your viewing....

Agent Details

Abbotts, Norwich

01603 361914

Next Steps?

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