5 Bed HMO, Norwich, NR3 2AF £280,000

Hemming Way, Norwich, NR3 2AF - 1 views - a year ago
Sold STC
HMO
ROI: 10%
~178 m²
Property image

ValuationUndervalued

Sold Prices£307K - £2.0M
Sold Prices/m²£1.5K/m² - £6.2K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.6K/m²

Value Estimate

£341,600
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£19,200

Total Cash In

£89,200

 

 

Cash Out

 

Room Rate

£560

Gross Rent

£2,800

Running Costs/mo

£2,024

Cashflow/mo

£777

Cashflow/yr

£9,318

ROI

10%

Gross Yield

12%

Local Sold Prices

50 sold prices from £307K to £2.0M, average is £571.3K. £1.5K/m² to £6.2K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£345K05/250.15 mi318, Heigham Street, Norwich NR2 4LS5
£345K05/250.15 mi318, Heigham Street, Norwich NR2 4LS5
£315K01/240.74 mi1, Catton Grove Road, Norwich, Norfolk NR3 3NJ5
£430K07/210.79 mi20, Catton Grove Road, Norwich, Norfolk NR3 3NH5
£307K03/250.93 mi11, Overbury Road, Norwich NR6 5LB5
£1.2M12/220.94 mi18, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£550K11/210.94 mi8, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£595K11/230.94 mi138, Earlham Road, Norwich, Norfolk NR2 3HF5
£675K06/210.95 mi161, Earlham Road, Norwich, Norfolk NR2 3RG5
£565K08/220.95 mi54, Constitution Hill, Norwich, Norfolk NR3 4BT5
£345K06/231 mi11, Overbury Road, Norwich, Norfolk NR6 5LB5
£707.5K06/211.02 mi2, Clarendon Road, Norwich, Norfolk NR2 2PW5
£700K07/221.05 mi170, College Road, Norwich, Norfolk NR2 3JA5
£555K10/241.06 mi108, Constitution Hill, Norwich NR3 4BB5
£683K03/241.08 mi70, Mill Hill Road, Norwich NR2 3DS5
£820K08/231.09 mi40, Grosvenor Road, Norwich, Norfolk NR2 2PZ5
£427K05/231.12 mi11, Doris Road, Norwich, Norfolk NR2 3EJ5
£625K06/211.14 mi3, Marionville Road, Norwich, Norfolk NR3 4DB5
£605K03/251.16 mi102, Avenue Road, Norwich NR2 3HP5
£605K03/251.16 mi102, Avenue Road, Norwich NR2 3HP5
£425K08/211.16 mi11, Pigg Lane, Norwich, Norfolk NR3 1RS5
£470K07/231.16 mi12, Pigg Lane, Norwich, Norfolk NR3 1RS5
£390K09/231.18 mi24, Whitehall Road, Norwich, Norfolk NR2 3EW5
£430K03/241.21 mi450, Earlham Road, Norwich, Norfolk NR4 7HL5
£467K12/231.21 mi452, Earlham Road, Norwich, Norfolk NR4 7HL5
£385K11/241.22 mi4, Harlington Avenue, Norwich NR6 5LJ5
£658K06/211.24 mi53, The Avenues, Norwich, Norfolk NR2 3QR5
£630K09/241.28 mi144, Christchurch Road, Norwich NR2 3PG5
£630K09/241.28 mi144, Christchurch Road, Norwich NR2 3PG5
£677.3K06/211.29 mi119, Christchurch Road, Norwich, Norfolk NR2 3PG5
£790K05/231.29 mi117, Christchurch Road, Norwich, Norfolk NR2 3PG5
£610K03/251.3 mi206, Constitution Hill, Norwich NR3 4HB5
£610K03/251.3 mi206, Constitution Hill, Norwich NR3 4HB5
£580.5K03/231.33 mi501, Earlham Road, Norwich, Norfolk NR4 7HN5
£650K12/221.34 mi1, Colkett Drive, Old Catton, Norwich, Norfolk NR6 7ND5
£555K06/211.35 mi55, Low Road, Hellesdon, Norwich, Norfolk NR6 5AF5
£560K07/241.35 mi63, Low Road, Hellesdon, Norwich, Norfolk NR6 5AF5
£725K08/221.38 mi88, Christchurch Road, Norwich, Norfolk NR2 3NG5
£487.5K01/231.41 mi33, Phillipa Flowerday Plain, Norwich, Norfolk NR2 2TA5
£527.5K09/231.41 mi18, Phillipa Flowerday Plain, Norwich, Norfolk NR2 2TA5
£330K11/231.43 mi78, Oval Road, Norwich, Norfolk NR5 0DQ5
£435K06/231.46 mi9, Edward Jodrell Plain, Norwich, Norfolk NR2 2TD5
£750K03/231.47 mi59, Mount Pleasant, Norwich, Norfolk NR2 2DQ5
£580K12/221.47 mi18, Jessopp Road, Norwich, Norfolk NR2 3QA5
£950K07/221.49 mi202, Unthank Road, Norwich, Norfolk NR2 2AH5
£375K10/231.5 mi220, Middletons Lane, Norwich, Norfolk NR6 5SA5
£415K06/231.57 mi2, Hartbee Road, Norwich, Norfolk NR6 6GJ5
£2.0M05/221.58 mi20, Christchurch Road, Norwich, Norfolk NR2 2AE5
£577.5K06/231.58 mi15, Baltic Wharf, Norwich, Norfolk NR1 1QA5
£385K06/211.59 mi5, Blackburn Road, Norwich, Norfolk NR6 6GG5

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.69 miles away

Nearest school

0.40 miles away

Nearest train station

1.70 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+15%

Sales demand

Seller's market

Capital growth (5yrs)

+26%

Property History

Listed for £280,000

November 28, 2024

Floor Plans

Property image

Description

  • 4/5 Bedroom Townhouse +
  • Walking Distance To City Centre +
  • Kitchen/Diner & Utility Room +
  • Large Lounge/Bedroom 5 With Juliet Balcony +
  • 2 En-Suites, Bathroom & WC +
  • Car Port For Two Cars +
  • Enclosed Non-Overlooked Rear Garden +
  • No Onward Chain +
  • Would rent in the region of £2800 PCM as a HMO +
  • Guide Price £280,000-£290,000 +

Property Summary
*NO ONWARD CHAIN* With this 4/5 bedroom TOWNHOSUE situated within WALKING DISTANCE TO THE CITY and would be the PERFECT FAMILY HOME or HMO. The property offers very SPACIOUS AND FLEXIBLE ACCOMMODATION including TWO EN-SUITES, bathroom, cloakroom, enclosed gardens and off road parking * Entrance Hall 23.4" x 4.5"
Double glazed windows to the side aspect, doors to all rooms, stairs to the first floor, radiator, carpet. Cloarkoom
WC hand wash basin, radiator, extractor fan. Kitchen/Diner 18.6" x 10.1"
Double glazed window to the front aspect, a range of wall and base units with work surface over and tiled splashback, integrated electric oven with gas hob and extractor over, space for a fridge/freezer, stainless steel 1 1/2 sink with drainer, arch to utility room, radiator, tiled floor. Utility Room 6.8" x 4.5"
Double glazed door to the rear aspect, wall and base units with work surface and splashback, space for a washing machine and tumble dryer, tiled floor. First Floor Landing
Double glazed window to the rear aspect, doors to all rooms, stairs to the second floor, radiator, carpet. Bathroom 10.2" x 6.6"
Double glazed window to the rear aspect, shower over panel bath, WC, hand wash basin, vinyl flooring, radiator, extractor fan. Bedroom 1 12.9" x 7.5"
Double glazed window to the front aspect, radiator, carpet. Bedroom 2/ Lounge 15.3" x 12.9"
Double glazed window and French double doors over a Juliet balcony to the front aspect, radiator, carpet. Bedroom 3 10.2" x 9.1"
Double glazed window to the rear aspect, radiator, carpet. Second Floor Landing
Doors to all rooms and airing cupboard, carpet. Bedroom 4 13.4" x 10.6"
Double glazed window to the front aspect, door to the En-Suite, integrated wardrobe, radiator, carpet. En-Suite 6.9" x 5.9"
Double glazed Velux window to the rear aspect, shower cubicle, WC, hand wash basin, radiator, vinyl flooring, extractor fan.
Bedroom 5 14.10" x 10.1"
Double glazed window to the front aspect, door to the En-Suite, radiator, carpet. En-Suite 9.2" x 5.9
Double glazed Velux window to the rear aspect, shower cubicle, WC, hand wash basin, radiator, vinyl flooring, extractor fan.
Outside
To the rear of the house is a lawned garden backing onto a row of trees with brick weave patio. There is a carport to the side of the house offering off road parking for up to 2 cars.

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

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