3 Bed Detached House, Single Let, Norwich, NR1 1JB, £475,000

61 Kerrison Road, Norwich, Norfolk, NR1 1JB - 5 months ago

Leasehold
BTL
135 m²
+27 photos

ValuationOvervalued

Sold Prices£176K - £430K
Sold Prices/m²£2.2K/m² - £4.7K/m²

 

 

Square Metres

135 m²
Price/m²£3.5K/m²

Value Estimate

£403,631

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£995 - £2,400

Rent Estimate

£996

Running Costs/mo

£1,704

Cashflow/mo

£-708

Cashflow/yr

£-8,491

Gross Yield

3%

Local Sold Prices

50 sold prices from £176K to £430K, average is £247.5K. £2.2K/m² to £4.7K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£285K11/220.02 mi11, Kerrison Road, Norwich, Norfolk NR1 1JB3
£265K11/220.02 mi19, Kerrison Road, Norwich, Norfolk NR1 1JB3
£285K10/230.07 mi71, Carrow Road, Norwich, Norfolk NR1 1HS3
£228K12/230.07 mi43, Carrow Road, Norwich, Norfolk NR1 1HS3
£232.5K07/210.07 mi69, Carrow Road, Norwich, Norfolk NR1 1HS3
£272K12/220.07 mi45, Cozens Road, Norwich, Norfolk NR1 1JJ3
£195K01/240.09 mi33, Hardy Road, Norwich, Norfolk NR1 1JN3
£236K06/240.09 mi27, Hardy Road, Norwich, Norfolk NR1 1JN3
£235K07/240.09 mi35, Hardy Road, Norwich, Norfolk NR1 1JN3
£245K05/240.19 mi32, Carrow Road, Norwich, Norfolk NR1 1HJ3
£368K09/210.2 mi11, Cedar Road, Norwich, Norfolk NR1 1HL3
£224K05/210.2 mi27, Cedar Road, Norwich, Norfolk NR1 1HL3
£220K10/200.2 mi30, Cedar Road, Norwich, Norfolk NR1 1HL3
£350K02/210.27 mi126c, Thorpe Road, Norwich, Norfolk NR1 1RJ3
£250K12/200.3 mi288, King Street, Norwich, Norfolk NR1 2BL3
£220K08/230.3 mi278, King Street, Norwich, Norfolk NR1 2BL3
£284K01/240.3 mi288, King Street, Norwich, Norfolk NR1 2BL3
£230K01/230.33 mi5, Alan Road, Norwich, Norfolk NR1 2BX3
£176K11/230.33 mi10, Glendenning Road, Norwich, Norfolk NR1 1YS3
£280K12/200.34 mi2, Fernhill, Norwich, Norfolk NR1 4AQ3
£390K12/210.34 mi37, Wherry Road, Norwich, Norfolk NR1 1WS3
£380K02/210.34 mi40, Wherry Road, Norwich, Norfolk NR1 1WS3
£250K08/210.39 mi16a, Ethel Road, Norwich, Norfolk NR1 4DB3
£270K07/210.39 mi16b, Ethel Road, Norwich, Norfolk NR1 4DB3
£219K07/210.39 mi44, Salisbury Road, Norwich, Norfolk NR1 1TU3
£176.5K03/210.39 mi62, Salisbury Road, Norwich, Norfolk NR1 1TU3
£255K08/240.39 mi48, Salisbury Road, Norwich, Norfolk NR1 1TU3
£230K03/240.39 mi25, Salisbury Road, Norwich, Norfolk NR1 1TU3
£210K03/210.4 mi4, Argyle Street, Norwich, Norfolk NR1 2DA3
£370K02/210.4 mi3, Churston Close, Norwich, Norfolk NR1 2BD3
£382.5K06/240.41 mi154, Thorpe Road, Norwich, Norfolk NR1 1TJ3
£310K03/210.41 mi14, Hillhouse Road, Norwich, Norfolk NR1 4BW3
£313.5K02/210.42 mi10, Rosedale Crescent, Norwich, Norfolk NR1 4BH3
£245K04/210.44 mi25, Ella Road, Norwich, Norfolk NR1 4BP3
£250K10/210.45 mi27, Cremorne Lane, Norwich, Norfolk NR1 1TX3
£250K07/230.45 mi27, Cremorne Lane, Norwich, Norfolk NR1 1TX3
£200K11/200.46 mi19, Ella Road, Norwich, Norfolk NR1 4BP3
£192K06/210.46 mi11, Ella Road, Norwich, Norfolk NR1 4BP3
£430K01/210.46 mi8, Old Library Mews, Norwich, Norfolk NR1 1ET3
£230K05/240.46 mi46, Ella Road, Norwich, Norfolk NR1 4BS3
£230K06/210.46 mi16, Ella Road, Norwich, Norfolk NR1 4BS3
£238K06/210.47 mi52, Ella Road, Norwich, Norfolk NR1 4BS3
£255K01/230.47 mi84e, Rosary Road, Norwich, Norfolk NR1 4BX3
£220K12/200.48 mi24, Marion Road, Norwich, Norfolk NR1 4BN3
£229K02/240.48 mi33, Marion Road, Norwich, Norfolk NR1 4BN3
£307K03/210.5 mi3, Aspland Road, Norwich, Norfolk NR1 1SH3
£280K10/230.5 mi31, City Road, Norwich, Norfolk NR1 3AJ3
£244.5K07/230.5 mi17, Geoffrey Road, Norwich, Norfolk NR1 3BN3
£222.5K02/230.51 mi16, Doman Road, Norwich, Norfolk NR1 3AW3
£275K03/230.52 mi40, Beatrice Road, Norwich, Norfolk NR1 4BB3

Local Rents

34 rents from £995/mo to £2.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35006/240.09 miCarrow Road, Norwich, NR13
£1,60006/240.13 miGeoffrey Watling Way, Norwich NR13
£1,90012/240.14 miRobinson Bank, NR1 1GG3
£1,25004/250.18 mi-3
£1,89506/240.18 miGeoffrey Watling Way, Norwich, NR13
£99512/240.19 miCarrow Road, Norwich3
£1,40012/240.2 miCedar Road, NORWICH3
£1,19512/240.21 miCedar Road, Norwich, NR13
£1,15012/240.28 miThorpe Road3
£2,40012/240.3 miKing Street, Norwich3
£1,50001/240.3 mi-3
£1,69506/240.32 miTibbenha house3
£1,29512/240.33 miAlan Road, Norwich3
£99506/240.34 miStuart Road, Norwich3
£1,05006/240.4 miArgyle Street, Norwich, NR13
£1,30006/240.43 miWherry Road, NORWICH3
£1,00006/240.46 miNormandie Tower, Norwich, 3
£1,00012/240.46 miNormandie Tower, Rouen Road, Norwich3
£1,10006/240.48 miMarion Road, Norwich, Norfolk, NR13
£1,20006/240.48 miMarion Road, Norwich, 3
£1,25012/240.49 miCricket Ground Road, Norwich3
£1,40012/240.53 miChalk Hill Road, Norwich, 3
£1,30006/240.54 miSt. Matthews Road, Norwich, Norfolk, NR13
£1,30006/240.55 miThorpe Road, Norwich3
£1,35012/240.56 miKing Street, NORWICH3
£1,09005/240.57 mi-3
£1,65012/240.57 miCarlyle Road, Norwich, Norfolk, NR13
£2,00012/240.58 miFoundry Court, Recorder Road, Norwich, Norfolk, NR13
£2,10001/240.59 mi-3
£2,00006/240.59 mi-3
£2,00012/240.59 mi-3
£2,00012/240.59 mi-3
£1,50006/240.59 miBracondale Millgate, Norwich, Norfolk, NR13
£2,10006/240.59 miPrince Of Wales Road, NORWICH3

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.55 miles away

Nearest school

0.60 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £475,000

November 23, 2024

Sold for £270,000

2014

Sold for £293,000

2007

Floor Plans

Description

  • No Onward Chain +
  • Stunning Warehouse Conversion +
  • Top Floor 2-Storey Penthouse +
  • Perfectly Located Within Norwich City Centre +
  • Stunning Contemporary Finish +
  • Must See South-Facing Private Roof Terrace +
  • Stunning Bathroom & Kitchen +
  • Remarkable Open Plan Living +
  • Vaulted Ceilings & Picturesque City Views +
  • Allocated Parking & Secure Intercom Entry +

This airy and expansive ‘loft-style’ apartment is a rare and astonishing sight. 'The Factory' is unlike any other apartments found in Norwich's City Centre.

From the moment you enter through the grand communal entrance you know you are about to see something very special that’s steeped in history. The building itself, a former mechanical factory was transformed in 2006 and is now home to a handful of beautiful apartments and penthouses all of which have a real focus on space and light.

Designed with open plan living in mind this two-storey penthouse is an entertainer’s dream. The expansive open plan living, dining and kitchen area is truly spectacular. The grand vaulted ceiling and expansive windows allow light to flood through this section of the home and offers a sense of space you would expect to see in a detached family home! The high quality fitted kitchen boasts a sleek and modern design along with a host of high-quality integral appliances which is sure to impress.

The versatile third bedroom can be found off the entrance hall, this room offers a variety of uses and would make for an ideal office/study for those looking to work from home. On this floor you will also find a contemporary bathroom suite boasting a high-end finish.

As you continue to explore this penthouse and discover the roof terrace, be prepared to fall in love with this home. This south facing terrace is an exceptional size and offers a high level of privacy. The various seating areas create the perfect environment for alfresco dining, a cleverly designed bar area is sure to prove popular with those who love to entertain.

The first floor continues to impress and is home to two further sizeable bedrooms found either side of the landing. An additional W/C can also be found off the landing which acts as a WC-en-suite for the first-floor bedrooms.

This seldom penthouse offers contemporary interiors, an abundance of space and views offering a lifestyle like no other. A parking space is found to the rear of The Factory.

Located within walking distance of Riverside and situated within easy reach of Norwich's Train Station this conversion is sure to be the first choice for those searching for convenient living. Offered with no onward chain.

Agent Details

Winkworth, Eaton

01603 361730

Next Steps?

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