3 Bed Bungalow, Single Let, Norwich, NR13 3BJ, £230,000

5 Mill Lane, Acle, Norwich, NR13 3BJ - 6 months ago

Sold STC
BTL
~78 m²
+17 photos

ValuationUndervalued

Sold Prices£210K - £470K
Sold Prices/m²£2.1K/m² - £5.3K/m²

 

 

Square Metres

~77.70 m²
Price/m²£3K/m²

Value Estimate

£276,659
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£800 - £1,500

Rent Estimate

£800

Running Costs/mo

£899

Cashflow/mo

£-99

Cashflow/yr

£-1,185

Gross Yield

4%

Local Sold Prices

31 sold prices from £210K to £470K, average is £275K. £2.1K/m² to £5.3K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£210K10/200.06 mi4, Mill Crescent, Acle, Norwich, Norfolk NR13 3BL3
£215K05/230.08 mi15b, Mill Lane, Acle, Norwich, Norfolk NR13 3BJ3
£440K11/230.1 mi5, Peter Avenue, Acle, Norwich, Norfolk NR13 3BS3
£220K06/220.12 mi12, The Street, Acle, Norwich, Norfolk NR13 3DX3
£215K12/230.12 mi6, The Street, Acle, Norwich, Norfolk NR13 3DX3
£435K10/230.18 miHeath House, Bridewell Lane, Acle, Norwich, Norfolk NR13 3RA3
£242K11/200.18 mi22, Priory Close, Acle, Norwich, Norfolk NR13 3AA3
£295K02/230.19 miBulwark Lodge, New Road, Acle, Norwich, Norfolk NR13 3BE3
£300K07/230.2 mi56, Nursery Close, Acle, Norwich, Norfolk NR13 3EH3
£262.5K08/230.2 mi30, Nursery Close, Acle, Norwich, Norfolk NR13 3EH3
£235K02/230.2 mi83, Market Manor, Acle, Norwich, Norfolk NR13 3ET3
£233.5K12/230.22 miSilver Mist, Reedham Road, Acle, Norwich, Norfolk NR13 3DE3
£350K12/220.23 mi16, Nursery Close, Acle, Norwich, Norfolk NR13 3EH3
£222K11/200.23 mi34, Englands Road, Acle, Norwich, Norfolk NR13 3EQ3
£260K06/210.25 mi6, New Close, Acle, Norwich, Norfolk NR13 3BG3
£230K06/210.25 mi16, Old Market Close, Acle, Norwich, Norfolk NR13 3EY3
£260K11/230.25 mi17, Old Market Close, Acle, Norwich, Norfolk NR13 3EY3
£321.5K06/230.27 mi7, De Carle Smith Road, Acle, Norwich, Norfolk NR13 3RB3
£315K10/230.27 mi11, De Carle Smith Road, Acle, Norwich, Norfolk NR13 3RB3
£300K09/230.28 mi6, Englands Road, Acle, Norwich, Norfolk NR13 3ED3
£275K09/230.32 mi5, Calthorpe Close, Acle, Norwich, Norfolk NR13 3EN3
£310K09/210.32 mi7, Habgood Close, Acle, Norwich, Norfolk NR13 3RE3
£275K12/230.34 mi2, Fishley View, Acle, Norwich, Norfolk NR13 3EL3
£258K06/210.34 mi17, Springfield, Acle, Norwich, Norfolk NR13 3JW3
£470K11/230.36 mi5, George Lane, Acle, Norwich, Norfolk NR13 3DR3
£400K10/230.41 mi5, The Drive, Acle, Norwich, Norfolk NR13 3RF3
£281.5K07/230.44 mi32, Fletcher Way, Acle, Norwich, Norfolk NR13 3RH3
£260K07/230.44 mi46, Fletcher Way, Acle, Norwich, Norfolk NR13 3RH3
£277K01/240.44 mi44, Fletcher Way, Acle, Norwich, Norfolk NR13 3RH3
£227.5K02/210.45 mi57, Fletcher Way, Acle, Norwich, Norfolk NR13 3RQ3
£415K06/210.57 mi7, Hillcrest, Acle, Norwich, Norfolk NR13 3DA3

Local Rents

23 rents from £800/mo to £1.5K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,15002/240.07 mi-3
£80008/240.16 miCalthorpe Green, Acle, Norwich, NR132
£80002/240.16 mi-2
£80008/240.16 mi-2
£99506/240.19 miMarket Manor, Acle3
£1,10008/240.2 miNursery Close, Acle, Norwich3
£1,17506/240.21 miMarket Manor, Acle, NR133
£92509/240.23 miAcle2
£85001/240.25 mi-2
£1,35008/240.31 mi-3
£1,35007/240.31 miHabgood Close, Acle, Norwich, NR133
£1,00010/240.31 mi-2
£1,00010/240.31 mi-2
£85001/240.45 mi-2
£1,00011/240.45 mi-2
£1,40012/230.56 mi-4
£1,15012/241.77 mi-3
£1,50006/231.85 mi-3
£89506/241.89 miTunstall3
£89506/241.89 miTunstall3
£95006/241.91 miHalvergate3
£1,50007/242.03 miMain Road, North Burlingham, Norwich4
£95007/242.37 miBroadacres, South Walsham, Norwich2

Local Area Statistics

Population in NR13

26,695

Population in Norwich

366,887

Town centre distance

10.64 miles away

Nearest school

0.30 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+117%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £230,000

January 23, 2025

Listed for £240,000

October 31, 2024

Floor Plans

Description

  • Chain Free Three bedroom detached bungalow +
  • Spacious front garden ideal for outdoor seating +
  • Versatile third bedroom, suitable as a dining room +
  • Generously sized lounge featuring a cosy fireplace +
  • Separate shower room and toilet for convenience +
  • Good-sized second bedroom freshly painted +
  • Well-appointed kitchen with space for appliances and pantry storage +
  • Bright and airy conservatory, perfect for relaxation and enjoying natural light +
  • Shed at rear of the garden, ideal for extra storage +

ATTIK are pleased to market this charming 3-bedroom detached bungalow which offers ample on-road parking and spacious front and rear gardens. The property features a versatile third bedroom that can also serve as a dining room. Inside, you'll find a generous dual-aspect lounge with a fireplace, a well-appointed kitchen, and separate shower and toilet facilities. The good-sized master bedroom, along with a newly painted second bedroom, provides comfortable retreats. A lovely conservatory further enhances the property's appeal, inviting plenty of natural light. Additionally, a tool shed at the back and side access contribute to the practical features of this bungalow. This is an excellent opportunity that should not be missed. Contact us today to arrange a viewing!

The Lovely Three Bedroom Detached Bungalow... - Attik are delighted to present this 3-bedroom detached bungalow situated on the desirable Mill Lane in Acle. Upon arrival, you will notice ample on-road parking, complemented by steps that lead up to the front entrance. The property boasts a generous space at the front, ideal for a quaint seating area should you desire to enjoy the outdoors.

Upon entering the bungalow, you'll find a small entrance hall leading into the main lobby. To your left is the versatile third bedroom, which could also serve as a delightful dining room, offering a view overlooking the front garden. Straight ahead, the spacious lounge awaits, featuring a cosy fireplace and views of the front and side gardens.
Continuing through the property, you will discover a separate shower room and toilet, equipped with a walk-in shower, heated towel rail and basin for your convenience. Opposite is the freshly painted second bedroom. The generously sized master bedroom can be found further down the corridor, offering a peaceful retreat. As you progress, you will arrive at the well-appointed kitchen, which features space for standard appliances and a pantry.

Completing this lovely bungalow is a spacious conservatory, bathed in natural light – a perfect spot to unwind. This inviting space enjoys an unobstructed view, ensuring it remains a suntrap throughout the day. The property also includes a useful shed at the back of the garden. This lovely bungalow presents a unique opportunity in a tranquil setting.

Agents Notes... - A pre-recorded walkaround tour is available for this property
Council Tax Band C

Agent Details

Attik City Country Coast, Norwich

01603 964777

Next Steps?

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