3 Bed Detached House, Single Let, Norwich, NR5 0EX, £240,000

Norwich Road, Costessey, Norwich, NR5 0EX - 1 views - 3 months ago

Sold STC
BTL
ROI: 5%
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£171K - £425K
Sold Prices/m²£1.6K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£288,504
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£1,100 - £1,600

Rent Estimate

£1,300

Running Costs/mo

£1,030

Cashflow/mo

£270

Cashflow/yr

£3,240

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £171K to £425K, average is £265K. £1.6K/m² to £5.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£190K02/210.06 mi21, Glenda Crescent, Norwich, Norfolk NR5 0AZ3
£195K11/200.09 mi33, Glenda Close, Norwich, Norfolk NR5 0BA3
£300K05/240.1 mi186, Norwich Road, Norwich, Norfolk NR5 0EW3
£330K11/220.11 mi9, Beaumont Road, Norwich, Norfolk NR5 0HQ3
£270K05/230.12 mi22, Glenda Road, Norwich, Norfolk NR5 0AX3
£280K02/210.12 mi21, Glenda Road, Norwich, Norfolk NR5 0AX3
£240K04/210.14 mi246, Norwich Road, Norwich, Norfolk NR5 0LQ3
£320K05/230.14 mi26, Ruskin Road, New Costessey, Norwich, Norfolk NR5 0LL3
£242K05/230.15 mi14, Valley Road, Norwich, Norfolk NR5 0BH3
£315K08/240.18 mi15, Kabin Road, Norwich, Norfolk NR5 0LW3
£345K02/230.18 mi18, Kabin Road, Norwich, Norfolk NR5 0LW3
£192.5K02/210.19 mi14, Kabin Road, Norwich, Norfolk NR5 0LN3
£258K02/210.19 mi3, Hendon Close, Norwich, Norfolk NR5 0EL3
£265K07/240.19 mi13, Hendon Close, Norwich, Norfolk NR5 0EL3
£224K08/210.19 mi158, Norwich Road, Norwich, Norfolk NR5 0EH3
£240K12/220.2 mi84, Gunton Lane, Norwich, Norfolk NR5 0AG3
£293K09/210.22 mi87, Olive Road, Norwich, Norfolk NR5 0AP3
£270K09/220.22 mi25, Hawthorn Road, Norwich, Norfolk NR5 0LP3
£370K12/210.23 mi25, Northview Road, Norwich, Norfolk NR5 0BG3
£226K02/230.23 mi138, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£203K03/230.25 mi100, Gunton Lane, Norwich, Norfolk NR5 0AG3
£216K03/230.26 mi146, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£240K07/210.26 mi35, Sunny Close, Norwich, Norfolk NR5 0ET3
£175K03/210.27 mi160, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£255K12/230.27 mi8, Oval Road, Norwich, Norfolk NR5 0DE3
£280K11/230.27 mi9, Oval Road, Norwich, Norfolk NR5 0DE3
£175K03/210.27 mi160, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£260K03/240.27 mi45, Crown Road, New Costessey, Norwich, Norfolk NR5 0ES3
£267.5K02/210.29 mi59, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£235.6K01/230.29 mi29, Oval Road, Norwich, Norfolk NR5 0DF3
£325K02/230.29 mi8, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£266K12/200.32 mi44, Oval Road, Norwich, Norfolk NR5 0DG3
£317.5K11/210.33 mi3, George Lowe Close, New Costessey, Norwich, Norfolk NR5 0NS3
£296K11/230.34 mi45, Hill Road, Norwich, Norfolk NR5 0LY3
£288K12/200.34 mi113, Olive Road, Norwich, Norfolk NR5 0AN3
£280K01/230.35 mi42, Woodhill Rise, Norwich, Norfolk NR5 0DN3
£290K07/240.35 mi5, Woodhill Rise, Norwich, Norfolk NR5 0DD3
£260K11/230.35 mi15, Woodhill Rise, Norwich, Norfolk NR5 0DD3
£290K12/220.36 mi16, Oval Avenue, Norwich, Norfolk NR5 0DP3
£310K08/230.37 mi18, Gurney Close, Norwich, Norfolk NR5 0HB3
£425K03/210.37 mi1a, Autumn Drive, Norwich, Norfolk NR5 0EE3
£362.5K10/230.39 mi88, Norwich Road, Norwich, Norfolk NR5 0EG3
£245K02/210.4 mi1, Chapel Road, Norwich, Norfolk NR5 0NN3
£265K05/210.41 mi2, Jerningham Road, New Costessey, Norwich, Norfolk NR5 0RE3
£340K12/230.41 mi40, Jerningham Road, New Costessey, Norwich, Norfolk NR5 0RE3
£171K06/210.41 mi44, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£185K01/240.41 mi39, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£255K11/230.41 mi5, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£220K01/240.41 mi20, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£181K02/210.42 mi45, Leewood Crescent, Norwich, Norfolk NR5 0DA3

Local Rents

12 rents from £1.1K/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35005/230.14 mi-3
£1,49501/240.14 mi-3
£1,39502/250.21 mi-3
£1,32506/240.28 miOlive Road, Norwich3
£1,30012/240.47 miKnowland Grove, NORWICH3
£1,30012/240.5 miNorwich Road, Norwich3
£1,35012/240.52 mi-3
£1,40001/250.52 mi-3
£1,28002/250.52 mi-3
£1,10012/240.55 mi-3
£1,45006/240.59 miDereham Road, Norwich, NR53
£1,60012/240.6 miLushington Close, Norwich3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.47 miles away

Nearest school

0.50 miles away

Nearest train station

3.38 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £240,000

December 11, 2024

Sold for £140,000

2011

Floor Plans

Description

  • Three Bedrooms +
  • Large Rear Garden +
  • Semi-Detached House +
  • New Roof Fitted 2023 +
  • Family Bathroom & Cloakroom +
  • Off Road Parking +
  • Separate Sitting & Dining Room +
  • Potential to Extend (stp) +

SETTING THE SCENE
The property can be found set back from Norwich road with a private tree lined driveway leading to the right of the property. A manageable from lawn space is also nestled behind mature bushes leading you to the front door and porch entrance.

THE GRAND TOUR
Stepping into the front porch entrance, the ideal spot to slip off your shoes and coat before heading in further, the property opens into the main hallway, with wooden flooring, gas radiator and stairs to the first floor. The sitting room can be found to your left, with tall ceilings, wooden flooring and a fireplace with wooden mantle, this space offers a wealth of floor space for soft furnishings while the separate dining room sits behind this with a rear facing aspect. This room currently serves as a ground floor bedroom but would make the ideal formal dining space with sliding doors into the rear garden. This space could also be opened into the sitting room or adjacent kitchen, to create a more open plan arrangement. The kitchen sits in the heart of the home, with characterful tiled flooring, base mounted storage with wooden work surfaces, this room leaves more than enough space for additional storage solution and a large gas range cooker. Leading you through to the utility room where plumbing can be found for the washing machine, inlet for a tumble dryer and space for an American style fridge/freezer with a uPVC double glazed door to the outside of the property. The bathroom sits at the rear of the property, just off from the kitchen, this split space first opens to present the bath and sink with vanity storage while the toilet is located at the very rear, separate to the rest with a uPVC double glazed window onto the rear garden. The larger of the double bedrooms sits with a front facing aspect. This sizeable double bedroom has wooden flooring underfoot and ample floor space for a king size bed and free standing or fitted storage. The second of the generous double bedrooms faces over the rear garden with a uPVC double glazed window and all new plastering sitting next to the third of the double bedrooms with a dual aspect, this room formerly served as the ideal study, but would serve as a bedroom, nursery or maintain its standing as a study if so desired.

FIND US
Postcode : NR5 0EX
What3Words : ///splice.decent.spider

VIRTUAL TOUR
View our virtual tour for a full 360 degree of the interior of the property.

EPC Rating: D

Agent Details

Starkings & Watson, Costessey

01603 336446

Next Steps?

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