2 Bed Terraced House, Single Let, Norwich, NR3 3NG, £250,000

Pelham Road, Norwich, NR3 3NG - 4 views - 5 months ago

Sold STC
BTL
~68 m²
+22 photos

ValuationOvervalued

Sold Prices£97K - £300K
Sold Prices/m²£1.3K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£206,154

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£725 - £1,950

Rent Estimate

£831

Running Costs/mo

£967

Cashflow/mo

£-136

Cashflow/yr

£-1,637

Gross Yield

4%

Local Sold Prices

50 sold prices from £97K to £300K, average is £215.5K. £1.3K/m² to £4.3K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£270K06/230.02 mi8, Pelham Road, Norwich, Norfolk NR3 3NG2
£232.5K09/230.02 mi12, Pelham Road, Norwich, Norfolk NR3 3NG2
£260K09/210.05 mi49, Rosebery Road, Norwich, Norfolk NR3 3AB2
£255K01/230.05 mi45, Rosebery Road, Norwich, Norfolk NR3 3AB2
£215K12/200.06 mi81, Rosebery Road, Norwich, Norfolk NR3 3AB2
£235K12/210.08 mi95, Rosebery Road, Norwich, Norfolk NR3 3AB2
£210K08/230.09 mi12, Rosebery Road, Norwich, Norfolk NR3 3NA2
£220K07/230.09 mi30, Rosebery Road, Norwich, Norfolk NR3 3NA2
£180K12/200.09 mi38, Rosebery Road, Norwich, Norfolk NR3 3NA2
£205K03/210.09 mi22, Rosebery Road, Norwich, Norfolk NR3 3NA2
£230K03/210.09 mi17, Rosebery Road, Norwich, Norfolk NR3 3NA2
£230K05/220.14 mi1, Chamberlin Road, Norwich, Norfolk NR3 3LZ2
£205K11/230.18 mi79, Waterloo Road, Norwich, Norfolk NR3 1EG2
£230K10/230.18 mi23, Temple Road, Norwich, Norfolk NR3 1ED2
£180K01/210.18 mi15, Temple Road, Norwich, Norfolk NR3 1ED2
£300K11/210.19 mi112, Magdalen Road, Norwich, Norfolk NR3 4AN2
£257K12/230.19 mi86, Magdalen Road, Norwich, Norfolk NR3 4AN2
£220K11/200.19 mi40, Denmark Road, Norwich, Norfolk NR3 4JS2
£113K03/210.19 mi51, Waterloo Road, Norwich, Norfolk NR3 1EG2
£175K02/210.19 mi36, Waterloo Road, Norwich, Norfolk NR3 1EW2
£203K09/230.19 mi78, Waterloo Road, Norwich, Norfolk NR3 1EW2
£200K04/230.2 mi54, Lawson Road, Norwich, Norfolk NR3 4LF2
£217.5K11/210.2 mi21, Sewell Road, Norwich, Norfolk NR3 4BP2
£210K11/200.2 mi77, Lawson Road, Norwich, Norfolk NR3 4LE2
£200K10/210.24 mi21, Albany Road, Norwich, Norfolk NR3 1EE2
£218.5K10/230.24 mi38, Angel Road, Norwich, Norfolk NR3 3HP2
£195K03/210.24 mi59, Sprowston Road, Norwich, Norfolk NR3 4QJ2
£200K08/210.24 mi95, Sprowston Road, Norwich, Norfolk NR3 4QJ2
£243K06/210.25 mi14, Albany Road, Norwich, Norfolk NR3 1EE2
£240K04/210.25 mi2a, Albany Road, Norwich, Norfolk NR3 1EE2
£207.5K12/200.25 mi31, Albany Road, Norwich, Norfolk NR3 1EE2
£233K10/230.25 mi27, Albany Road, Norwich, Norfolk NR3 1EE2
£188K01/210.26 mi17, Northcote Road, Norwich, Norfolk NR3 4QF2
£240K09/230.26 mi17, Northcote Road, Norwich, Norfolk NR3 4QF2
£200K01/210.26 mi47, Northcote Road, Norwich, Norfolk NR3 4QF2
£240K02/230.26 mi99, Sprowston Road, Norwich, Norfolk NR3 4QG2
£216K09/210.26 mi54, Magdalen Road, Norwich, Norfolk NR3 4AQ2
£180K08/210.28 mi181, Sprowston Road, Norwich, Norfolk NR3 4QQ2
£220K05/230.28 mi5, Shipstone Road, Norwich, Norfolk NR3 1JZ2
£178K03/210.28 mi40, Shipstone Road, Norwich, Norfolk NR3 1JY2
£250K03/240.29 mi6, Churchill Road, Norwich, Norfolk NR3 4PY2
£225K02/240.29 mi44, Churchill Road, Norwich, Norfolk NR3 4PY2
£205K12/230.29 mi14, Churchill Road, Norwich, Norfolk NR3 4PY2
£204.1K03/210.29 mi48, Churchill Road, Norwich, Norfolk NR3 4PY2
£215K02/240.29 mi58, Churchill Road, Norwich, Norfolk NR3 4PY2
£240K05/230.3 mi66, Eade Road, Norwich, Norfolk NR3 3EJ2
£97K02/230.3 mi22, Eade Road, Norwich, Norfolk NR3 3EJ2
£205K03/230.3 mi64, Eade Road, Norwich, Norfolk NR3 3EJ2
£232K07/230.3 mi112, Eade Road, Norwich, Norfolk NR3 3EJ2
£175K12/200.3 mi10, Branford Road, Norwich, Norfolk NR3 4QD2

Local Rents

49 rents from £725/mo to £1.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20009/240.05 mi-2
£1,20006/240.07 miRosebery Road, Norwich2
£1,00006/240.1 mi-2
£1,20008/240.13 miConstitution Hill, NORWICH2
£1,05002/250.16 mi-2
£84012/230.17 mi-2
£99507/240.18 miHoward Mews,Denmark RoadNorwich,NR3 4JU2
£1,20003/240.19 miDenmark Road2
£85007/240.21 miThe Erins, Norwich, NR32
£99507/240.22 miSprowston Road, Norwich2
£1,30003/250.25 mi-2
£95006/240.26 miNorthcote Road, Norwich2
£1,05006/240.26 miNorthcote Road2
£1,10007/240.27 miSprowston Road, Norwich, 2
£1,15003/250.27 mi-2
£1,95012/230.28 mi-2
£95010/240.28 mi-2
£1,10006/240.3 miSpencer Street, NORWICH2
£1,00008/240.3 miSpencer Street, Norwich, Norfolk, NR32
£1,00006/240.3 miClarke Road, Norwich, NR32
£95003/240.31 miNorwich2
£1,05007/240.31 miSpencer Street, Norwich, NR32
£1,10008/240.32 miSilver Road, Norwich, Norfolk, NR32
£89501/240.32 mi-2
£89501/250.32 mi-2
£1,20008/240.32 miSprowston Road, Norwich, NR32
£99503/240.32 mi-2
£1,10008/240.32 mi-2
£1,25006/240.33 miMagdalen Road, Norwich, 2
£1,05007/240.34 miPatteson Road, Norwich, NR32
£1,15007/240.34 mi-2
£1,15006/240.34 miRackham Road, Norwich, NR32
£89506/240.34 miGuernsey Road, Norwich2
£1,25008/240.34 miSt. Olaves Road, Norwich, NR32
£1,20008/240.35 miBeaconsfield Road2
£99506/240.35 miKnowsley Road, Norwich2
£1,10006/240.35 miNorwich, NR32
£90006/240.35 mi-2
£1,15007/240.35 miChurchill Road, Norwich2
£87507/240.35 miPenn Grove, Norwich2
£87508/240.35 miPenn Grove, Norwich2
£72507/240.36 miRackham Road, Norwich, NR32
£1,15007/240.37 miBeaconsfield Road, NR32
£82508/240.39 miGilman Road, Norwich2
£1,10001/250.39 mi-2
£95006/240.41 miCrome Road, Norwich, NR32
£1,10008/240.41 miMarlborough Road, Norwich, Norfolk, NR32
£1,25004/250.41 mi-2
£90009/240.42 miMagpie Road2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.36 miles away

Nearest school

0.20 miles away

Nearest train station

1.34 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £250,000

November 25, 2024

Sold for £150,000

2016

Sold for £112,500

2005

Sold for £73,000

2001

Floor Plans

Description

  • PERIOD MID TERRACED HOUSE +
  • ENTRANCE HALL +
  • 2 RECEPTION ROOMS +
  • WELL APPOINTED KITCHEN +
  • 2/3 BEDROOMS +
  • NON BISECTED GARDEN +
  • EPC D +
  • 906 SQUARE FEET +

*GUIDE PRICE RANGE £250,000 to £260,000*
This impressive mid-terraced house enjoys a lovely location on the ever-popular Pelham Road adjacent to St Clements Hill in this sought after area with excellent access to the city centre, local shops, schooling and public transport, as well as vehicular access to the Ring Roads (Outer and Inner) and the Broadland Northway.

The property is well presented throughout and has the bonus of an entrance hall which is rare for this style of property, with two reception rooms (sitting room and dining room both accessed from the hall) a fitted kitchen, rear entrance lobby and bathroom all on the ground floor. The 1st floor provides two bedrooms in a traditional format with a third bedroom off the second.
Features include gas-fired central heating to radiators, sealed unit double glazing, small front garden and a very pleasant enclosed non bisected rear garden.

Early viewing is most strongly recommended to appreciate the property and its location.

Double glazed UPVC front door to
ENTRANCE HALL Engineered wood flooring, radiator, ceiling corbels. Stairway to first floor. Glazed panel doors to lounge and dining room.
DINING ROOM Fireplace recess engineered wood flooring, radiator, sealed unit double window to front.
SITTING ROOM Fireplace recess with tiled hearth, engineered wood flooring, radiator, sealed unit double glazed window to rear. Built-in cupboard. Opening to
KITCHEN Fitted comprising single drainer sink unit with mixer tap, timber work surfaces with tiled and timbered splash backs, base and eye level units, built-in electric hob, electric oven and stainless-steel extractor hood over. integrated fridge and freezer, plumbing for automatic washing machine and dishwasher, wall mounted gas-fired boiler, sealed unit double glazed window to rear. Panel door to
REAR ENTRANCE LOBBY Double glazed UPVC door to outside. Wood panel door to
BATHROOM White suite comprising panel sided bath with wall mounted shower attachment, curtain and rail, pedestal wash hand basin, WC, radiator, tiled floor and walls, sealed unit double glazed window to rear, extractor unit.

STAIRWAY TO FIRST FLOOR LANDING Panel doors to bedrooms 1 and 2.
BEDROOM ONE Radiator, sealed unit double glazed window to front.
BEDROOM TWO Older style cast time fireplace, radiator, sealed unit double glazed window to rear. Built-in cupboard with loft access. Door to
BEDROOM THREE Radiator, sealed unit double glazed window to rear.

OUTSIDE
Enclosed small front garden with wrought iron gate.

Enclosed non-bisected rear garden with paved and shingled areas.

Timber garden shed.

Outside tap and light.

Timber gate opening to rear pedestrian access.
Council tax band: B

Agent Details

Morton Reeves Estate Agents, Norwich

01603 361279

Next Steps?

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