2 Bed Terraced House, Single Let, Norwich, NR3 1JG, £185,000

Magpie Road, Norwich, NR3 1JG - 3 views - 5 months ago

BTL
ROI: 2%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£168K - £310K
Sold Prices/m²£2.4K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.7K/m²

Value Estimate

£207,918
BMV12%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£6,750

Total Cash In

£53,000

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£863

Running Costs/mo

£771

Cashflow/mo

£92

Cashflow/yr

£1,107

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £168K to £310K, average is £215.5K. £2.4K/m² to £4.3K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£190K12/200.1 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£305K09/230.1 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£173K03/210.1 mi38, Magpie Road, Norwich, Norfolk NR3 1JQ2
£180K01/230.1 mi29, Esdelle Street, Norwich, Norfolk NR3 3BN2
£180K05/230.1 mi37, Esdelle Street, Norwich, Norfolk NR3 3BN2
£205K05/230.1 mi52, Heath Road, Norwich, Norfolk NR3 1JW2
£235K01/230.1 mi10, Heath Road, Norwich, Norfolk NR3 1JW2
£205K07/230.1 mi20, Heath Road, Norwich, Norfolk NR3 1JW2
£240K09/210.1 mi32, Magpie Road, Norwich, Norfolk NR3 1JQ2
£215K11/210.12 mi4, Clarke Road, Norwich, Norfolk NR3 1JL2
£216K12/200.14 mi156, Waterloo Road, Norwich, Norfolk NR3 3HN2
£275K09/230.14 mi156, Waterloo Road, Norwich, Norfolk NR3 3HN2
£168K07/230.14 mi30, Beaconsfield Road, Norwich, Norfolk NR3 4PW2
£178K03/210.15 mi40, Shipstone Road, Norwich, Norfolk NR3 1JY2
£248K12/210.15 mi61, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£245K02/240.15 mi5, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£220K11/200.15 mi28, St Augustines Street, Norwich, Norfolk NR3 3BZ2
£265K01/230.15 mi23, Cowgate, Norwich, Norfolk NR3 1SZ2
£220K05/230.15 mi5, Shipstone Road, Norwich, Norfolk NR3 1JZ2
£216K03/230.16 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£192K01/210.16 mi57, Knowsley Road, Norwich, Norfolk NR3 4PR2
£189K02/210.17 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£237.6K01/230.18 mi45, Knowsley Road, Norwich, Norfolk NR3 4PR2
£216K09/210.18 mi54, Magdalen Road, Norwich, Norfolk NR3 4AQ2
£190.3K06/230.18 mi77, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£240K10/220.18 mi82, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£203.5K11/200.18 mi58, Knowsley Road, Norwich, Norfolk NR3 4PS2
£232K06/230.18 mi6, Knowsley Road, Norwich, Norfolk NR3 4PS2
£249.5K06/230.18 mi56, Knowsley Road, Norwich, Norfolk NR3 4PS2
£243K06/210.18 mi14, Albany Road, Norwich, Norfolk NR3 1EE2
£240K04/210.18 mi2a, Albany Road, Norwich, Norfolk NR3 1EE2
£207.5K12/200.18 mi31, Albany Road, Norwich, Norfolk NR3 1EE2
£233K10/230.18 mi27, Albany Road, Norwich, Norfolk NR3 1EE2
£200K12/200.19 mi10, Alma Terrace, Norwich, Norfolk NR3 3EE2
£191K11/220.19 mi36, Cowgate, Norwich, Norfolk NR3 1SY2
£200K10/210.19 mi21, Albany Road, Norwich, Norfolk NR3 1EE2
£248K10/200.2 mi46, Buxton Road, Norwich, Norfolk NR3 3HH2
£180K12/200.21 mi17, Willis Street, Norwich, Norfolk NR3 1SW2
£196K06/210.21 mi9, Willis Street, Norwich, Norfolk NR3 1SW2
£168K12/200.21 mi69, Peacock Street, Norwich, Norfolk NR3 1TB2
£310K11/210.21 mi8, Gildencroft, Norwich, Norfolk NR3 1DS2
£310K11/210.21 mi8, Gildencroft, Norwich, Norfolk NR3 1DS2
£250K03/240.22 mi6, Churchill Road, Norwich, Norfolk NR3 4PY2
£225K02/240.22 mi44, Churchill Road, Norwich, Norfolk NR3 4PY2
£205K12/230.22 mi14, Churchill Road, Norwich, Norfolk NR3 4PY2
£204.1K03/210.22 mi48, Churchill Road, Norwich, Norfolk NR3 4PY2
£215K02/240.22 mi58, Churchill Road, Norwich, Norfolk NR3 4PY2
£195K01/230.22 mi11, St Pauls Square, Norwich, Norfolk NR3 1SN2
£183.5K11/210.23 mi96, Spencer Street, Norwich, Norfolk NR3 4PE2
£218.5K10/230.24 mi38, Angel Road, Norwich, Norfolk NR3 3HP2

Local Rents

48 rents from £825/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£99507/240 miMagpie Road, Norwich2
£90009/240.02 miMagpie Road2
£99506/240.06 mi-2
£89506/240.09 miGuernsey Road, Norwich2
£95006/240.09 miCross Keys Yard2
£95007/240.09 miCross Keys Yard2
£1,20006/240.09 miMagdalen Street, Norwich2
£92506/240.09 miEdward Street, Norwich2
£1,20006/240.1 miMagpie Road, Norwich, NR32
£1,20006/240.1 mi-2
£95008/240.1 miDalymond Court, NR3 3FH2
£97508/240.1 miDalymond Court, Norwich, NR3 3FH2
£90006/240.11 miBull Close Road, NORWICH2
£1,25006/240.11 miMagdalen Road, Norwich, 2
£1,10008/240.12 mi-2
£1,10008/240.12 miMarlborough Road, Norwich, Norfolk, NR32
£1,00006/240.12 miClarke Road, Norwich, NR32
£1,20008/240.13 miBeaconsfield Road2
£1,15007/240.14 miBeaconsfield Road, NR32
£1,05002/250.14 mi-2
£1,20008/240.14 mi-2
£1,20007/240.14 miSaint Augustines Street, Norwich, NR32
£95010/240.15 mi-2
£1,10006/240.15 miNorwich, NR32
£1,20007/240.16 miBull Close, NORWICH2
£92507/240.17 miSt. Augustines Gate, Norwich2
£1,10006/240.17 miSt. Martins At Oak Wall Lane, Norwich2
£1,05006/240.17 miSt. Martins At Oak Wall Lane, Norwich2
£1,29507/240.18 mi-2
£1,29405/240.18 mi-2
£1,29404/250.18 mi-2
£1,30006/240.18 miCowgate, Norwich, NR32
£1,00006/240.18 mi-2
£99506/240.18 miJust Off City Centre2
£82506/240.19 miYarn Mews, Norwich2
£99506/240.2 miKnowsley Road, Norwich2
£1,05006/240.21 miWillis Street, Norwich2
£95008/240.21 miWillis Street, NORWICH2
£1,05006/240.21 miPeacock Street, Norwich, Norfolk, NR32
£1,30003/250.23 mi-2
£1,05007/240.23 miPatteson Road, Norwich, NR32
£87507/240.24 miWodehouse Street, Norwich, NR32
£1,10007/240.24 miWodehouse Street, Norwich, Norfolk, NR32
£1,15006/240.25 miSilver Street, NR32
£95006/240.25 miSilver Street, Norwich, NR32
£1,05007/240.26 miSpencer Street, Norwich, NR32
£1,15008/240.26 miSilver Street, Norwich2
£1,15009/240.26 miSilver Street, Norwich2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.17 miles away

Nearest school

0.10 miles away

Nearest train station

0.95 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £185,000

October 30, 2024

Floor Plans

Description

  • CURRENT COUNCIL TAX BAND B
  • FREEHOLD
  • TWO BEDROOM OVER THE PASSAGE
  • TERRACE HOUSE
  • PERMIT PARKING
  • NO CHAIN
  • EPC RATING E +

A TWO BEDROOM OVER THE PASSAGE TERRACE HOUSE SITUATED JUST NORTH OF THE CITY CENTRE

* LOUNGE* DINING ROOM* KITCHEN* REAR LOBBY* SHOWER ROOM* LANDING* TWO BEDROOMS* BATHROOM* SEALED UNIT DOUBLE GLAZED WINDOWS* GAS FIRED CENTRAL HEATING* GARDENS* PERMIT PARKING* NO CHAIN* FREEHOLD* CURRENT COUNCIL TAX BAND B* EPC RATING E*

ACCOMMODATION

SEALED UNIT DOUBLE GLAZED DOOR TO

ENTRANCE LOBBY

LOUNGE 11'8 x 10'6

Sealed unit double glazed window to front. Radiator.

DINING ROOM 11'8 x 10'5

Sealed unit double glazed window to rear. Radiator. Understairs cupboard. Door to.

KITCHEN 8' x 6'5

Built in oven and gas hob. Inset sink. Wall mounted gas boiler and programmer.

REAR LOBBY

Built in cupboard. Sealed unit double glazed door to side. Door to.

SHOWER ROOM

Close coupled w.c. Pedestal basin. Sealed unit double glazed window to side. Radiator. Plumbing for washing machine. Tiled shower area.

STAIRS TO FIRST FLOOR

BEDROOM 1 15'5 x 10'7

Sealed unit double glazed window to front. Radiator.

BEDROOM 2 15'4 x 13'6 max 10'8 min

Sealed unit double glazed window to rear. Radiator. Door to.

BATHROOM

Panelled bath. Close coupled w.c. Basin and cupboard below. Radiator. Sealed unit double glazed window to rear.

SMALL FRONT GARDEN

PERMIT PARKING

NON BISECTED REAR GARDEN

Side access gate. Shed.

 
Consumer Protection from Unfair Trading Regulations 2008.

The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property. Also, if there is anything in particular that you require clarification on call the office before viewing.

Mills Knight refer sellers and buyers to various trusted firms for services associated with the home move process for which in some cases a referral fee is paid to Mills Knight by the service provider. It is your decision whether you choose to deal with those firms. Mills Knight from time to time recommends conveyancing services. Should you decide to use them we could receive a referral fee of £120.00. Mills Knight recommend Brancaster House to sellers and buyers for mortgage advice. Should you decide to use Brancaster House we could receive a referral fee of £250.

Agent Details

Mills Knight, Norwich

01603 361674

Next Steps?

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