3 Bed Detached House, Single Let, Norwich, NR4 7WR, £350,000

Sorrel Grove, Cringleford, NR4 7WR - 5 months ago

BTL
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£252.5K - £660K
Sold Prices/m²£2.7K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£312,312

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£800 - £2,595

Rent Estimate

£1,300

Running Costs/mo

£1,374

Cashflow/mo

£-74

Cashflow/yr

£-885

Gross Yield

4%

Local Sold Prices

20 sold prices from £252.5K to £660K, average is £350K. £2.7K/m² to £5.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£300K09/230.1 mi7, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB3
£300K05/240.14 mi24, Oriole Drive, Cringleford, Norwich, Norfolk NR4 7LU3
£263K02/210.15 mi12, Round House Way, Cringleford, Norwich, Norfolk NR4 7LH3
£305K08/230.25 mi52, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7JR3
£263K03/210.27 mi91, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7SP3
£365K04/210.35 mi50, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£325K12/200.35 mi74, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£335K12/230.37 mi7, Chestnut Place, Cringleford, Norwich, Norfolk NR4 7BD3
£295K05/210.38 mi5, Honeysuckle Close, Cringleford, Norwich, Norfolk NR4 7SY3
£275K08/210.41 mi38, Willowcroft Way, Cringleford, Norwich, Norfolk NR4 7JG3
£660K12/200.46 mi43, Cantley Lane, Norwich, Norfolk NR4 6TA3
£465K11/230.48 mi66, Brettingham Avenue, Norwich, Norfolk NR4 6XJ3
£380K05/210.52 mi3, Langley Close, Norwich, Norfolk NR4 6XW3
£450K09/210.59 mi7, Harmer Lane, Norwich, Norfolk NR4 7RT3
£450K08/210.6 mi17, Kedleston Drive, Norwich, Norfolk NR4 6XN3
£390K10/230.61 mi3, Harmer Crescent, Norwich, Norfolk NR4 7RX3
£575K04/210.7 mi16, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UE3
£500K01/230.8 mi45, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£252.5K11/230.8 mi17, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£395K10/200.86 mi16, Keswick Close, Norwich, Norfolk NR4 6UW3

Local Rents

32 rents from £800/mo to £2.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.1 miPeregrine Mews, NR4 7NB3
£1,35006/240.1 miPeregrine Mews, Cringleford3
£1,35012/240.16 miCringleford3
£1,55006/240.16 miRose Drive, Norwich, Norfolk, NR43
£1,55006/240.16 miRose Drive, Cringleford, NORWICH3
£1,50006/240.18 mi-3
£1,50006/240.18 mi-3
£1,50006/240.18 miRose Drive, Norwich, NR43
£1,40012/240.21 mi-3
£1,19902/250.22 mi-3
£1,40006/240.22 miWoodpecker Lane, Cringleford, Norwich3
£1,29506/240.25 miDragonfly Lane, Cringleford, Norwich, NR43
£1,40012/240.27 miDragonfly Lane, Cringleford3
£1,50002/250.29 mi-3
£1,40012/240.33 mi-3
£1,10006/240.33 miLobelia Lane, Cringleford3
£2,59506/240.34 mi-3
£2,59505/240.34 mi-3
£2,59512/240.34 mi-3
£1,97503/250.34 mi-3
£1,35006/240.35 miWillowcroft Way, Norwich3
£1,50012/240.37 mi-3
£80002/240.38 mi-3
£1,50012/240.41 miWillowcroft Way, Cringleford3
£1,40006/240.46 miFreesia Way, Cringleford, NORWICH3
£1,99512/240.46 miCringleford, Norwich3
£1,70012/240.47 miBrettingham Avenue, Norwich3
£1,45012/240.51 miScott-Moncrief Street, Cringleford3
£1,45012/240.54 miHaldane Drive, NR4 7FY3
£1,45006/240.58 mi-3
£1,45006/240.58 miHaldane Drive, Norwich, NR43
£1,30006/240.62 miSidell Close, Cringleford, Norwich, Norfolk, NR43

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

3.57 miles away

Nearest school

0.30 miles away

Nearest train station

3.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £350,000

November 8, 2024

Floor Plans

Description

  • Guide Price £350,000 - £375,000 +
  • 3 bedroom detached house on the outskirts of a modern development, built by Tilia Homes +
  • Offered with No Onward Chain! +
  • Immerse yourself in the perfect blend of elegance and practicality in this contemporary home +
  • Dual aspect lounge seamlessly connected to the kitchen/diner with some integrated appliances +
  • Ground floor WC, first floor bathroom and en-suite to main bedroom +
  • Gas central heating and double glazing +
  • Single garage with driveway parking in front of it +
  • Enclosed garden with lawn and patio +
  • Overlooking extensive green space and located within easy reach of the UEA and N&N hospital +

SUMMARY Offered with No Onward Chain, this 3 bedroom detached home combines elegance and practicality. Located on the outskirts of a modern development, accommodation boasts a dual aspect lounge flowing into a kitchen/diner with integrated appliances and both areas feature garden access. Additional benefits include a single garage with driveway parking, an enclosed garden and scenic views of green space surrounding the property. Conveniently situated near the UEA and N&N Hospital, it's the perfect contemporary retreat. 

OUTSIDE A brick weave drive leads to the property and allows for off-road parking for multiple vehicles in front of the single garage, which benefits from power, light and a manual door. A side gate provides access in to the generous garden, measuring approx. 45' x 30' and offering mainly lawn.  

AGENTS NOTE The Seller has informed us that Service Charges may apply however, as the development is still under construction, the exact amount is currently unknown. 

DIRECTIONS Proceed out of Norwich via Newmarket Road and turn right at the round about onto Round House Way. Go straight over the next roundabout continuing on Round House Way before turning left at the following roundabout on to Sorrel Grove. The property can be found on the right-hand side overlooking an area of extensive green space, just after the electricity substation. 

LOCAL AUTHORITY South Norfolk 

COUNCIL TAX BAND

We offer a professional, ARLA accredited Lettings and Management Service via our affiliated agency, Habi Lettings. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free, no obligation review of your current portfolio then please contact the office to discuss this further. 

DISCLAIMER While we have made diligent efforts to ensure the accuracy of the information relating to each property at the point of listing, you are advised to consult the official local council website for details on conservation areas, flood risks, tree preservation orders, planning applications, and other relevant aspects. These details are for guidance purposes only and we do not seek advice from the seller's legal representative in their preparation. We also strongly advise that you inspect the property and surrounding area on Google Maps and Street View prior to viewing. The photographs do not infer that items shown are included in the sale, the measurements quoted are approximate and the fixtures, fittings and appliances have not been tested, therefore no guarantee can be given that they are in working order. If there is any point which is of particular importance to you then please obtain professional confirmation of it. 

Should you wish to view one of our properties, we will require certain pieces of personal information from you in order to provide a professional service to you and our client, the seller. The personal information you provide to us will be shared with the seller, but it will not be shared with any other third parties without your consent.

Should you wish to proceed and make an offer on a property, some of the personal information you provide to us will be passed to the seller. Again, it will not be shared with any other third parties without your consent.

More information on how we hold and process your data is available upon request or on our website.

Agent Details

Hammond & Stratford, Norwich

01603 361699

Next Steps?

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