2 Bed Bungalow, Motivated Seller, Norwich, NR13 5RE, £335,000

10 Laurel Drive, Norwich, Norfolk, NR13 5RE - 1 views - 4 months ago

Motivated
BTL
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£187.5K - £386K
Sold Prices/m²£2.9K/m² - £6.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.9K/m²

Value Estimate

£246,186

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£15,500

Total Cash In

£99,250

 

 

Cash Out

 

Rent Range

£625 - £2,625

Rent Estimate

£650

Running Costs/mo

£1,197

Cashflow/mo

£-547

Cashflow/yr

£-6,562

Gross Yield

2%

Local Sold Prices

34 sold prices from £187.5K to £386K, average is £240K. £2.9K/m² to £6.8K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£248.9K06/210.18 mi12, Postwick Lane, Brundall, Norwich, Norfolk NR13 5LR2
£205K11/200.24 mi11, Levine Close, Brundall, Norwich, Norfolk NR13 5RH2
£240K07/220.27 mi5, Springdale Road, Brundall, Norwich, Norfolk NR13 5QZ2
£230K09/230.27 mi13, Springdale Road, Brundall, Norwich, Norfolk NR13 5QZ2
£230K09/230.27 mi13, Springdale Road, Brundall, Norwich, Norfolk NR13 5QZ2
£240K08/230.37 mi1, Page Road, Brundall, Norwich, Norfolk NR13 5QP2
£240K08/230.37 mi1, Page Road, Brundall, Norwich, Norfolk NR13 5QP2
£290K04/240.38 mi2, Maurecourt Drive, Brundall, Norwich, Norfolk NR13 5SE2
£212K10/230.62 mi7, Deepdale, Brundall, Norwich, Norfolk NR13 5AG2
£205K03/210.66 mi31, Oakdale Road, Brundall, Norwich, Norfolk NR13 5AF2
£248K01/240.71 mi16, Westfield Road, Brundall, Norwich, Norfolk NR13 5LF2
£210K04/210.72 mi17, The Street, Brundall, Norwich, Norfolk NR13 5AA2
£377.5K03/230.79 miGreenacres, The Common, Surlingham, Norwich, Norfolk NR14 7AP2
£250K03/240.89 mi35, Braydeston Crescent, Brundall, Norwich, Norfolk NR13 5LD2
£252.5K12/230.89 mi4, Braydeston Crescent, Brundall, Norwich, Norfolk NR13 5LD2
£250K01/230.98 mi59, Riverside Estate, Brundall, Norwich, Norfolk NR13 5PU2
£241.5K12/230.99 mi31, Highfield Avenue, Brundall, Norwich, Norfolk NR13 5NT2
£386K06/211.1 mi6, Yarmouth Road, Blofield, Norwich, Norfolk NR13 4JS2
£202K04/211.19 mi26, Strumpshaw Road, Brundall, Norwich, Norfolk NR13 5PA2
£225K05/241.22 mi8, St Andrews Close, Blofield, Norwich, Norfolk NR13 4JX2
£230K02/231.29 mi18, Brecklands Road, Brundall, Norwich, Norfolk NR13 5PE2
£225K05/231.29 mi23, Brecklands Road, Brundall, Norwich, Norfolk NR13 5PE2
£350K12/201.31 miThe Bungalow, Garden Road, Blofield, Norwich, Norfolk NR13 4JL2
£245K12/221.38 mi5, Church Alley, Blofield, Norwich, Norfolk NR13 4JJ2
£200K10/211.5 mi9, Beech Drive, Little Plumstead, Norwich, Norfolk NR13 5FJ2
£360K10/231.52 miWhite Cottage, Hare Road, Great Plumstead, Norwich, Norfolk NR13 5DD2
£345K03/231.54 mi6, Nursery Gardens, Blofield, Norwich, Norfolk NR13 4JE2
£240K06/231.56 mi15, Kevill Davis Drive, Little Plumstead, Norwich, Norfolk NR13 5FB2
£187.5K03/231.56 mi21, Kevill Davis Drive, Little Plumstead, Norwich, Norfolk NR13 5FB2
£215K01/241.57 mi3, Morris Drive, Little Plumstead, Norwich, Norfolk NR13 5FD2
£187.5K04/211.59 mi5, Braydeston Drive, Blofield, Norwich, Norfolk NR13 4NQ2
£222K03/241.59 mi6, Braydeston Drive, Blofield, Norwich, Norfolk NR13 4NQ2
£325K01/231.76 miSouth Lodge, Low Road, Great Plumstead, Norwich, Norfolk NR13 5ED2
£305K01/241.91 miLittle Croft, Woodbastwick Road, Blofield, Norwich, Norfolk NR13 4RR2

Local Rents

48 rents from £625/mo to £2.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,05007/240.13 miPostwick Lane, Norwich, NR13 53
£62507/240.44 miGreenacre Close, Brundall, NORWICH2
£1,25006/240.45 miPostwick3
£95007/240.49 miThe Close, Brundall, Norwich3
£1,00006/240.54 miFinch Way, Brundall, Norwich3
£1,00006/240.54 miLackford Close, Brundall, NR133
£1,10006/240.56 miBrundall, Norwich3
£1,10008/240.56 miLackford Close, Brundall, NORWICH3
£65007/240.75 miBrundall1
£65009/240.75 mi-1
£65003/250.75 mi-1
£1,90006/240.76 miCherry Tree Barn West, NR13 5DP4
£1,97508/240.76 miMayflower Barn, Witton, Norfolk, NR13 5DP5
£1,40006/240.81 miReedcutters Avenue, Brundall, 3
£90007/240.81 miUplands Court, Brundall, Norfolk2
£70004/241.15 mi-3
£90007/241.17 miCharles Marler Way, Blofield, NR132
£1,20006/241.19 miCharles Marler Way, Blofield3
£1,10007/241.19 miThe Coigncroft, Brundall, 3
£92506/241.19 miStrumpshaw Road, Brundall3
£1,80006/241.22 miCharles Marler Way, Blofield, NR134
£1,60007/241.22 miCharles Marler Way, Blofield, NR134
£85003/251.27 mi-2
£89506/241.31 miBlofield, , Norwich2
£1,40006/241.32 miBlofield3
£1,25008/241.33 miMission Hall Close, Blofield, 3
£65006/241.36 miBlofield2
£85006/241.36 miChamberlin Court, Blofield, Norwich, NR132
£1,35007/241.38 miHighview Close, Norwich4
£79508/241.4 miChurch Road, Blofield2
£1,35007/241.45 miPenrice Road, NR13 5FP3
£1,20007/241.51 miLittle Plumstead3
£79506/241.51 miDanesbower Lane, Blofield, Norwich, NR132
£1,20006/241.54 miMorris Drive, Little Plumstead, NR133
£1,30006/241.55 miMorris Drive , Little Plumstead , Norfolk4
£1,15006/241.55 miMorris Drive, Little Plumstead, NR133
£1,30006/241.57 miMorris Drive, Little Plumstead, NORWICH4
£1,25007/241.57 miCozens-Wiley Road, Norfolk, NR13 5GA3
£1,20006/241.58 miPound Lane , Blofield , Norfolk3
£1,20007/241.58 miPound Lane , Blofield , Norfolk3
£1,35006/241.65 miShreeve Road, Blofield, Norwich3
£2,62506/241.68 mi-5
£1,35008/241.74 mi-3
£1,35006/241.74 miShreeve Road, Blofield, Norwich, NR133
£1,35006/241.74 miShreeve Road, Blofield, Norwich, NR133
£1,35007/241.74 miShreeve Road, Blofield, Norwich, NR133
£1,55006/241.8 miLingwood Road, NR133
£1,80006/242.02 miToad Lane, Great Plumstead, NR133

Local Area Statistics

Population in NR13

26,695

Population in Norwich

366,887

Town centre distance

5.43 miles away

Nearest school

0.80 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+117%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £335,000

December 11, 2024

Sold for £320,000

2022

Sold for £144,000

2003

Floor Plans

Description

  • Motivated Seller! +
  • Detached Bungalow with Huge Potential +
  • Ample Parking & Gated Plot +
  • Two Open Plan Reception Rooms +
  • Kitchen with Separate Utility Room +
  • Two Double Bedrooms +
  • Wet Room +
  • Private Non-Overlooked Gardens +

SETTING THE SCENE
A shingle parking area offers ample off road parking with an electric car charger installed. A large wrought iron gate provides access to the front garden and further parking - ready for landscaping. The front garden is fully enclosed with timber panel fencing whilst offering a mixture of hard standing shingle and lawned spaces, with access to the main property and detached garage structure. A timber picket fence leads to the rear garden whilst a shingle pathway to the side leads to the main entrance door.
THE GRAND TOUR
As you head inside, a porch entrance greets you providing coats and boot storage, with a further door to the main entrance hall, finished with stripped wood flooring underfoot, picture rail and doors leading to the bedroom and living accommodation. The main sitting room offers a walk-in bay window to the side, with fitted carpet underfoot and a feature cast iron wood burner with a tiled hearth. Open plan, the dining room is finished with stripped wood flooring and a window to front, with ample space for a dining table and huge potential to remodel the space incorporating the adjacent garden room - currently offering windows to side and a further door to the front driveway. The kitchen sits adjacent to the main living room offering a range of wall and base level units in a contrasting style, with space for an electric cooker and general white goods including a washing machine and dishwasher. The floor standing oil fired central heating boiler sits within a fireplace, with a door leading to the rear garden. A door also leads into the utility space, with a range of built-in cupboards and space for a fridge freezer. The two bedrooms enjoy views across the rear garden being finished with flooring underfoot. Completing the property is the wet-room style shower room, with non-slip vinyl flooring and tiled splash backs.
FIND US
Postcode : NR13 5RE
What3Words : ///decanter.format.bothered
VIRTUAL TOUR
View our virtual tour for a full 360 degree of the interior of the property.

Agent Details

Starkings & Watson, Brundall

01603 336556

Next Steps?

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