3 Bed Detached House, Planning Permission, Norwich, NR4 6UE, £675,000

24 Newmarket Road, Norwich, Norfolk, NR4 6UE - 4 views - 6 months ago

BTL
Planning
~93 m²
+17 photos

ValuationOvervalued

Sold Prices£190K - £660K
Sold Prices/m²£2.7K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£7.3K/m²

Value Estimate

£342,657

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£168,750

Stamp Duty & Legal Fees

£42,700

Total Cash In

£211,450

 

 

Cash Out

 

Rent Range

£1,095 - £2,595

Rent Estimate

£1,100

Running Costs/mo

£2,349

Cashflow/mo

£-1,249

Cashflow/yr

£-14,992

Gross Yield

2%

Local Sold Prices

50 sold prices from £190K to £660K, average is £326K. £2.7K/m² to £5.4K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£575K04/210.15 mi16, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UE3
£275K08/210.16 mi38, Willowcroft Way, Cringleford, Norwich, Norfolk NR4 7JG3
£380K05/210.19 mi3, Langley Close, Norwich, Norfolk NR4 6XW3
£500K01/230.23 mi45, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£252.5K11/230.23 mi17, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£365K04/210.24 mi50, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£325K12/200.24 mi74, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£660K12/200.24 mi43, Cantley Lane, Norwich, Norfolk NR4 6TA3
£450K08/210.29 mi17, Kedleston Drive, Norwich, Norfolk NR4 6XN3
£305K08/230.34 mi52, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7JR3
£450K09/210.35 mi7, Harmer Lane, Norwich, Norfolk NR4 7RT3
£465K11/230.35 mi66, Brettingham Avenue, Norwich, Norfolk NR4 6XJ3
£335K12/230.39 mi7, Chestnut Place, Cringleford, Norwich, Norfolk NR4 7BD3
£390K10/230.4 mi3, Harmer Crescent, Norwich, Norfolk NR4 7RX3
£263K02/210.43 mi12, Round House Way, Cringleford, Norwich, Norfolk NR4 7LH3
£300K05/240.46 mi24, Oriole Drive, Cringleford, Norwich, Norfolk NR4 7LU3
£263K03/210.5 mi91, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7SP3
£445K06/210.52 mi6, Bluebell Road, Norwich, Norfolk NR4 7LF3
£300K09/230.52 mi7, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB3
£262K06/210.54 mi9, Havant Close, Norwich, Norfolk NR4 6NP3
£295K05/210.59 mi5, Honeysuckle Close, Cringleford, Norwich, Norfolk NR4 7SY3
£425K10/230.64 mi9, Nutfield Close, Norwich, Norfolk NR4 6PF3
£350K11/200.66 mi13, Leng Crescent, Norwich, Norfolk NR4 7NX3
£271K07/210.68 mi16, Merrow Gardens, Norwich, Norfolk NR4 6HH3
£315K11/210.68 mi11, Norvic Drive, Norwich, Norfolk NR4 7NN3
£264.5K03/240.68 mi22, Norvic Drive, Norwich, Norfolk NR4 7NN3
£330K11/230.68 mi46, Norvic Drive, Norwich, Norfolk NR4 7NN3
£325K02/230.68 mi36, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K11/230.68 mi9, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K09/230.68 mi35, Norvic Drive, Norwich, Norfolk NR4 7NN3
£327K09/220.68 mi13, Norvic Drive, Norwich, Norfolk NR4 7NN3
£345K05/230.68 mi45, Norvic Drive, Norwich, Norfolk NR4 7NN3
£410K04/210.7 mi16, Greenways, Norwich, Norfolk NR4 6PE3
£360K12/220.7 mi9, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£330K11/230.7 mi12, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£315K08/210.72 mi24, Leng Crescent, Norwich, Norfolk NR4 7NY3
£385K12/220.73 mi7, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£400K11/220.73 mi23, Parsons Mead, Norwich, Norfolk NR4 6PG3
£460K08/240.73 mi41, Parsons Mead, Norwich, Norfolk NR4 6PG3
£315K09/210.74 mi28, Buckland Rise, Norwich, Norfolk NR4 6EZ3
£275K03/210.74 mi78, Buckland Rise, Norwich, Norfolk NR4 6EZ3
£330K07/240.74 mi18, Buckland Rise, Eaton, Norwich, Norfolk NR4 6EZ3
£380K06/230.74 mi40, Buckland Rise, Eaton, Norwich, Norfolk NR4 6EZ3
£370K10/230.74 mi41, Ebbisham Drive, Norwich, Norfolk NR4 6HQ3
£300K12/220.75 mi1, Wren Close, Norwich, Norfolk NR4 7NR3
£301K05/210.75 mi1, Bek Close, Norwich, Norfolk NR4 7NT3
£190K03/210.75 mi13, Amderley Drive, Norwich, Norfolk NR4 6HY3
£300K04/240.75 mi3, Amderley Drive, Norwich, Norfolk NR4 6HY3
£200K07/210.76 mi18, Rugge Drive, Norwich, Norfolk NR4 7NJ3
£315K11/230.76 mi6, Pyrford Drive, Norwich, Norfolk NR4 6HB3

Local Rents

31 rents from £1.1K/mo to £2.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40006/240.12 miFreesia Way, Cringleford, NORWICH3
£1,50012/240.16 miWillowcroft Way, Cringleford3
£1,09512/240.23 miIntwood Road, Cringleford, Norwich, NR43
£1,35006/240.23 miWillowcroft Way, Norwich3
£1,10006/240.24 miLobelia Lane, Cringleford3
£1,55012/240.25 mi-3
£1,47512/240.25 mi-3
£1,29506/240.34 miDragonfly Lane, Cringleford, Norwich, NR43
£1,99512/240.35 miCringleford, Norwich3
£1,70012/240.35 miBrettingham Avenue, Norwich3
£1,40006/240.39 miWoodpecker Lane, Cringleford, Norwich3
£1,50002/250.41 mi-3
£1,30006/240.42 miSidell Close, Cringleford, Norwich, Norfolk, NR43
£1,35012/240.43 miCringleford3
£1,40012/240.43 mi-3
£2,59506/240.45 mi-3
£2,59505/240.45 mi-3
£2,59512/240.45 mi-3
£1,97503/250.45 mi-3
£1,97504/250.45 mi-3
£1,40012/240.45 mi-3
£1,40012/240.5 miDragonfly Lane, Cringleford3
£1,50006/240.52 miRose Drive, Norwich, NR43
£1,50006/240.52 mi-3
£1,50006/240.52 mi-3
£1,30006/240.52 miPeregrine Mews, NR4 7NB3
£1,35006/240.52 miPeregrine Mews, Cringleford3
£1,20012/240.54 miHavant Close, NORWICH3
£1,19902/250.55 mi-3
£1,55006/240.56 miRose Drive, Norwich, Norfolk, NR43
£1,55006/240.56 miRose Drive, Cringleford, NORWICH3

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

3.24 miles away

Nearest school

0.30 miles away

Nearest train station

3.17 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £675,000

November 12, 2024

Sold for £420,000

2019

Sold for £206,000

2014

Floor Plans

Description

  • Charming detached cottage with a rich history, blending modern finishes and period features +
  • Contemporary kitchen/breakfast room with a central island and integrated appliances +
  • Dual aspect lounge with exposed beams, an inglenook fireplace, plus a separate study/snug +
  • Dining room also with a feature inglenook fireplace, ideal for entertaining or family gatherings +
  • 3 first floor bedrooms including a spacious main bedroom with en-suite +
  • Modern bathrooms, including a family shower room, en-suite to the main bedroom and ground floor WC +
  • Gas central heating via a combi boiler, underfloor heating and partial secondary glazing +
  • Approx. 0.12 acre plot, enjoying a landscaped garden with a lawn and patio seating area +
  • Side by side off-road parking and planning permission approved for a garden office and garage! +
  • Situated in Cringleford, the property is ideally located for schools, city centre and road links +

SUMMARY Nestled in a sought-after location, this charming property, once part of an old dairy farm, is brimming with charm and historical significance. Behind its charming façade lies a beautifully renovated home with stunning period features, such as exposed beams and 2 enviable inglenook fireplaces, perfectly balanced with contemporary upgrades throughout. Located in a conservation area, this home is perfect for those seeking character, space and an exceptional living environment - do not miss out! 

OUTSIDE Steeped in history, the property was previously part of an old dairy and is one of the earliest recorded homes in Cringleford. Set on a plot of approx. 0.12 acres, this property offers an exceptional blend of practicality and charm. Accessed via Hill Farm Close, the front of the property is framed by an expansive shingled driveway, providing side-by-side parking for multiple vehicles, enclosed by wooden gates. Planning permission has already been granted for the addition of a garden office and garage, providing exciting opportunities for further enhancement and versatility. The gardens, which wrap around the property, are beautifully landscaped and offer a mix of lawn, a patio seating area, mature planting and raised flower beds, creating a serene outdoor sanctuary. Situated in the heart of the historic Cringleford village, this property enjoys a highly desirable location conveniently close to local amenities, well-regarded schools and excellent transport links.  

AGENTS NOTE We have been advised by the Seller that Planning Permission has been granted for the erection of a garden office with garage. For more information see the South Norfolk planning reference, 2022/0124. 

DIRECTIONS Leave the city centre via Newmarket Road, A11 and at the roundabout with Daniels Road/A140 continue straight. Before joining the dual carriageway, take the slip road to Cringleford and at the crossroads continue straight on Eaton Street which becomes Newmarket Road. Follow the road and the property can then be found on the right-hand side, opposite The Ridings. Access to the property is via neighbouring Hill Farm Close, slightly further along Newmarket Road. 

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.

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Agent Details

Hammond & Stratford, Norwich

01603 361699

Next Steps?

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