3 Bed Semi-Detached House, Refurb/BRRR, Norwich, NR5 9DF, £170,000

32 Webster Close, Norwich, Norfolk, NR5 9DF - 11 views - 3 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+16 photos

ValuationFair Value

Sold Prices£172K - £425K
Sold Prices/m²£1.9K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£173,400

 

 

End Value (After Refurb)

£249,938

Uplift in Value

+47%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Refurb Costs

£42,000

Bridging Loan Interest

£4,463

Total Cash In

£97,013

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£249,938

Agent Fees (1%)

£2,499

Bridging Loan

£127,500

Bridging Loan Interest

£4,463

Flip Profit

£22,926

Local Sold Prices

50 sold prices from £172K to £425K, average is £230K. £1.9K/m² to £4.6K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£228K03/230.03 mi5, Webster Close, Norwich, Norfolk NR5 9DF3
£215K09/230.03 mi28, Webster Close, Norwich, Norfolk NR5 9DF3
£172K01/210.03 mi7, Holworthy Road, Norwich, Norfolk NR5 9DG3
£245K05/230.03 mi53, Holworthy Road, Norwich, Norfolk NR5 9DG3
£232K03/230.03 mi57, Holworthy Road, Norwich, Norfolk NR5 9DG3
£220K09/210.03 mi45, Holworthy Road, Norwich, Norfolk NR5 9DG3
£213K11/220.03 mi70, Holworthy Road, Norwich, Norfolk NR5 9DG3
£184.3K06/210.04 mi42, Holworthy Road, Norwich, Norfolk NR5 9DG3
£175K09/200.05 mi8, Drury Close, Norwich, Norfolk NR5 9DD3
£195K12/200.07 mi10, Lushington Close, Norwich, Norfolk NR5 9AU3
£172K02/210.07 mi4, Lushington Close, Norwich, Norfolk NR5 9AU3
£237K03/230.08 mi4, Fitzhenry Mews, Norwich, Norfolk NR5 9BH3
£210K02/230.09 mi22, Toftes Place, Norwich, Norfolk NR5 9DA3
£204K08/230.11 mi8, Skoner Road, Norwich, Norfolk NR5 9AX3
£258K08/230.12 mi9, Mayes Close, Norwich, Norfolk NR5 9AR3
£298K01/230.12 mi48, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SY3
£270K04/210.12 mi56, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SY3
£240K10/220.14 mi9, Morris Close, Norwich, Norfolk NR5 9DQ3
£185K02/210.14 mi5, Cotterall Court, Norwich, Norfolk NR5 9AZ3
£310K11/210.15 mi654, Dereham Road, Norwich, Norfolk NR5 0SZ3
£205K11/230.18 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£200K04/210.19 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£236K11/220.19 mi5, Skye Close, Norwich, Norfolk NR5 9DL3
£214K06/210.19 mi11, Skye Close, Norwich, Norfolk NR5 9DL3
£310K08/230.19 mi18, Gurney Close, Norwich, Norfolk NR5 0HB3
£425K03/210.2 mi1a, Autumn Drive, Norwich, Norfolk NR5 0EE3
£275K08/230.2 mi1, Gurney Court, New Costessey, Norwich, Norfolk NR5 0SS3
£215K10/220.22 mi30, Notykin Street, Norwich, Norfolk NR5 9DN3
£198K12/210.22 mi18, Notykin Street, Norwich, Norfolk NR5 9DN3
£210K07/210.22 mi6, Reydon Close, Norwich, Norfolk NR5 9AG3
£182K01/210.23 mi28, Notykin Street, Norwich, Norfolk NR5 9DN3
£177K06/210.23 mi11, Notykin Street, Norwich, Norfolk NR5 9DN3
£235K08/230.24 mi90, Beecheno Road, Norwich, Norfolk NR5 8TQ3
£235K03/230.25 mi182, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£280K11/220.25 mi168, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£325K02/230.25 mi8, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£362.5K10/230.26 mi88, Norwich Road, Norwich, Norfolk NR5 0EG3
£267.5K02/210.26 mi59, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£175K06/210.26 mi8, Bumpstede Court, Norwich, Norfolk NR5 9DW3
£177.5K03/210.27 mi22, Brennewater Mews, Norwich, Norfolk NR5 9DH3
£180K03/230.29 mi34, Jamieson Place, Norwich, Norfolk NR5 8YY3
£200K03/240.29 mi18, Jamieson Place, Norwich, Norfolk NR5 8YY3
£295K03/240.29 mi580, Dereham Road, Norwich, Norfolk NR5 8TE3
£240K07/210.29 mi35, Sunny Close, Norwich, Norfolk NR5 0ET3
£200K05/230.3 mi14, Kerville Street, Norwich, Norfolk NR5 9BG3
£260K03/240.3 mi45, Crown Road, New Costessey, Norwich, Norfolk NR5 0ES3
£235K07/210.31 mi25, Jerningham Road, Norwich, Norfolk NR5 0RG3
£265K05/210.31 mi2, Jerningham Road, New Costessey, Norwich, Norfolk NR5 0RE3
£340K12/230.31 mi40, Jerningham Road, New Costessey, Norwich, Norfolk NR5 0RE3
£255K04/210.31 mi45, Jerningham Road, Norwich, Norfolk NR5 0RG3

Local Rents

22 rents from £950/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,60012/240.08 miLushington Close, Norwich3
£1,10012/240.08 mi-3
£95006/240.18 miBeecheno Road, NORWICH3
£1,30012/240.2 miNorwich Road, Norwich3
£1,30012/240.26 miShepherd Purse Way, NORWICH3
£1,10006/240.28 miNorwich, NR53
£1,45006/240.29 miDereham Road, Norwich, NR53
£1,25012/240.29 mi-3
£1,40012/240.29 miNotridge Road, Norwich, NR53
£1,05006/240.29 miGilbard Road, Norwich3
£1,27512/240.3 miGilbard Road, NR5 8TR3
£1,50006/240.3 miKerville Street, NR5 9BG3
£1,15012/240.36 mi-3
£1,30012/240.39 miKnowland Grove, NORWICH3
£1,30008/240.41 mi-3
£1,35012/240.43 mi-3
£1,40001/250.43 mi-3
£1,28002/250.43 mi-3
£1,35005/230.51 mi-3
£1,49501/240.51 mi-3
£1,10012/240.53 mi-3
£1,50012/240.61 mi-3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.57 miles away

Nearest school

0.10 miles away

Nearest train station

3.34 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £170,000

December 6, 2024

Sold for £59,950

2001

Description

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The ground floor features a spacious living/dining room, providing a blank canvas to create a cosy and welcoming space. The kitchen, while in need of some updating, offers ample room for customization and could easily be transformed into a modern family hub. A dining area opens out to the rear garden, which has plenty of potential to become a lovely outdoor retreat.

Upstairs, the property has three bedrooms—a master, a good-sized second, and a versatile third room that could be used as a home office or guest bedroom. The family bathroom offers basic amenities and is ready for refurbishment as with the separate W/C.

Outside, you’ll find a private garden with both lawn and patio areas, ready for landscaping to suit your taste. The property also benefits from off-street parking.

Located close to local amenities, schools, and transport links, this property is ideal for buyers with a vision. With some updates and care, it could become a wonderful family home or investment opportunity. Don’t miss the chance to make this house your own!

Agent Details

haart, Norwich

01603 937768

Next Steps?

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