4 Bed HMO, Norwich, NR5 8RL £200,000

Waring Road, Norwich, NR5 8RL - 1 views - a year ago
Sold STC
HMO
Outside Article 4
ROI: 14%
~129 m²
Property image
Property image
Property image
Property image

ValuationUndervalued

Sold Prices£150K - £600K
Sold Prices/m²£1.8K/m² - £5.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.5K/m²

Value Estimate

£246,000
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£62,700

 

 

Cash Out

 

Room Rate

£576

Gross Rent

£2,304

Running Costs/mo

£1,554

Cashflow/mo

£750

Cashflow/yr

£8,995

ROI

14%

Gross Yield

14%

Local Sold Prices

50 sold prices from £150K to £600K, average is £310K. £1.8K/m² to £5.9K/m², average is £3.1K/m².

Price
Date
Distance
Address
Beds
 
£225K11/220.16 mi44, St Mildreds Road, Norwich, Norfolk NR5 8RS4
£170K01/250.38 mi120, Beecheno Road, Norwich NR5 8TG4
£268K05/240.39 mi1, Clarkson Road, Norwich, Norfolk NR5 8EF4
£300K10/230.41 mi612, Dereham Road, Norwich, Norfolk NR5 8TE4
£230K05/210.45 mi45, Clarkson Road, Norwich, Norfolk NR5 8EE4
£250K08/230.45 mi8, Humbleyard, Norwich, Norfolk NR5 9BA4
£315K07/230.46 mi61, Holworthy Road, Norwich, Norfolk NR5 9DG4
£272.5K02/250.47 mi16, Scarnell Road, Norwich, Norfolk NR5 8HT4
£150K02/240.47 mi33, Scarnell Road, Norwich, Norfolk NR5 8HT4
£375K11/230.49 mi2, The Hedgerows, Norwich, Norfolk NR5 9BP4
£272.5K02/250.5 mi16, Scarnell Road, Norwich NR5 8HT4
£391.5K06/230.56 mi16, Earlham Green Lane, Norwich, Norfolk NR5 8HA4
£370K11/230.58 mi36a, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SY4
£350K07/230.63 mi561, Earlham Road, Norwich, Norfolk NR4 7TF4
£272K05/240.65 mi24, Stylman Road, Norwich NR5 9EU4
£381.5K01/240.69 mi2, Gurney Close, Norwich NR5 0HB4
£389K03/240.7 mi23, Sunny Grove, Norwich, Norfolk NR5 0EJ4
£430K05/230.7 mi30, Sunny Grove, Norwich, Norfolk NR5 0EJ4
£290K03/230.7 mi63, Hellesdon Road, Norwich, Norfolk NR6 5EE4
£220K01/240.7 mi33, Irstead Road, Norwich, Norfolk NR5 8AR4
£208K05/210.72 mi29, Braithwait Close, Norwich, Norfolk NR5 9EJ4
£220K06/230.72 mi28, Braithwait Close, Norwich, Norfolk NR5 9EJ4
£470K03/240.76 mi22, Sunny Grove, Norwich NR5 0EJ4
£458K04/230.77 mi21b, Hellesdon Road, Norwich, Norfolk NR6 5EB4
£300K05/210.77 mi11, Swallow Tail Close, Norwich, Norfolk NR5 9HX4
£287.5K12/220.78 mi160, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SX4
£512K10/210.78 mi24, Primula Drive, Norwich, Norfolk NR4 7LZ4
£440K02/250.8 mi2, Jasmine Close, Norwich NR4 7NE4
£375K02/250.8 mi8, The Swale, Norwich NR5 9HE4
£380K10/220.8 mi16, The Swale, Norwich, Norfolk NR5 9HE4
£310K03/250.8 mi29, Mawkin Close, Norwich NR5 9PT4
£310K03/250.8 mi29, Mawkin Close, Norwich NR5 9PT4
£230K10/230.82 mi49, Oval Road, Norwich, Norfolk NR5 0DG4
£350K11/220.83 mi26, Tizzick Close, Norwich, Norfolk NR5 9HB4
£335K12/240.83 mi45, Mardle Street, Norwich NR5 9HU4
£321.8K12/240.85 mi19, Earles Gardens, Norwich NR4 7SH4
£320K08/210.86 mi15, Crown Road, New Costessey, Norwich, Norfolk NR5 0ER4
£315K06/240.88 mi15, Layer Close, Norwich NR5 9NS4
£264.5K06/210.88 mi11, Layer Close, Norwich, Norfolk NR5 9NS4
£600K12/220.88 mi496, Earlham Road, Norwich, Norfolk NR4 7HP4
£275K04/250.89 mi5, Leewood Crescent, Norwich NR5 0DA4
£275K04/250.89 mi5, Leewood Crescent, Norwich NR5 0DA4
£590K11/240.9 mi73, Gipsy Lane, Norwich NR5 8AX4
£470K07/250.91 mi30, Grove Avenue, Norwich NR5 0HN4
£358K08/230.91 mi65, Oval Road, Norwich, Norfolk NR5 0DQ4
£315K11/220.92 mi71, Oval Road, Norwich, Norfolk NR5 0DQ4
£260K06/210.92 mi19, Courtenay Close, Norwich, Norfolk NR5 9LB4
£235K06/240.92 mi17, Courtenay Close, Norwich, Norfolk NR5 9LB4
£281K03/250.93 mi3, William Childerhouse Way, Norwich NR5 9LY4
£281K03/250.93 mi3, William Childerhouse Way, Norwich NR5 9LY4

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.43 miles away

Nearest school

0.40 miles away

Nearest train station

3.08 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-29%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £200,000

March 28, 2025

Price changed to £220,000

March 4, 2025

Price changed to £180,000

January 23, 2025

Listed for £200,000

November 18, 2024

Floor Plans

Property image

Description

  • Five bedroomed semi-detached house +
  • Extended +
  • Off road parking +
  • Close to UEA and hospital +
  • Ideal student let/HMO potential +
  • Excellent decorative order +
  • NO ONWARD CHAIN +

SUMMARY
*THIS IMPRESSIVE AND HIGHLY SPACIOUS, EXTENDED FIVE BEDROOM 1950'S BUILT SEMI-DETACHED HOUSE is located close to UEA and N&N hospital, in a sought-after west city location perfect for buy to let investors and students. It must be viewed internally to be fully appreciated!! *

DESCRIPTION
THIS IMPRESSIVE AND HIGHLY SPACIOUS, EXTENDED FIVE BEDROOM 1950'S BUILT SEMI-DETACHED HOUSE boasts a first floor bathroom and ground floor shower room, good decorative order and is sold with the added benefit of having NO ONWARD CHAIN. This is an ideal tailor-made student let with potential to be a successful HMO. The property is flexible and spacious with uPVC double glazing, gas fired central heating and must be viewed internally to be fully appreciated!!

Entrance Porch 
UPVC door to front and door to hall.

Entrance Hall 
Door to front, storage cupboard and stairs to first floor.

Lounge 13' 9" x 12' 1" ( 4.19m x 3.68m )
UPVC window to front aspect, laminated flooring and picture rail.

Bedroom Five/ Dining Room 10' 3" x 8' 6" ( 3.12m x 2.59m )
UPVC window to rear aspect and radiator.

Kitchen 12' 4" max. x 8' 1" max. ( 3.76m max. x 2.46m max. )
Range of eye and base level kitchen units, inset stainless steel sink unit, space for electric cooker.

Utility Room 
Plumbing for washing machine, fridge/freezer and window and door to rear garden.

Shower Room 
Suite comprising of shower cubicle with inset electric shower, wash hand basin, low level WC.

Bedroom Four 12' 9" x 10' 9" ( 3.89m x 3.28m )
UPVC window to rear aspect and radiator.

First Floor 

Bedroom One 13' x 8' 7" ( 3.96m x 2.62m )
UPVC window to front, built-in storage cupboard and radiator.

Bedroom Two 9' 1" x 8' 7" ( 2.77m x 2.62m )
UPVC window to front aspect and radiator.

Bedroom Three 12' 1" x 12' ( 3.68m x 3.66m )
UPVC window to front aspect and radiator.

Family Bathroom 
Suite comprising panel bath, hand wash basin, low level WC, tiled splashbacks, UPVC window to rear aspect.

Exterior 
The property occupies an impressive corner plot location with established shrub beds and borders to front and side aspects. Retaining brick wall with railings. Sunken patio area to rear, offering a high degree of privacy to the rear with further top lawned garden with large paved patio. Enclosed by fencing.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Norwich

01603 361933

Next Steps?

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