2 Bed Bungalow, Single Let, Norwich, NR13 3AD, £270,000

Malthouse Lane, Cantley, Norwich, NR13 3AD - 4 months ago

Sold STC
BTL
~68 m²
+20 photos

ValuationOvervalued

Sold Prices£164.5K - £300K
Sold Prices/m²£2.3K/m² - £5.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£251,368

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£750 - £2,500

Rent Estimate

£823

Running Costs/mo

£1,028

Cashflow/mo

£-205

Cashflow/yr

£-2,464

Gross Yield

4%

Local Sold Prices

29 sold prices from £164.5K to £300K, average is £209.7K. £2.3K/m² to £5.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£195K06/210.04 mi7, Stanley Close, Cantley, Norwich, Norfolk NR13 3RW2
£164.5K08/210.11 mi6, Langley Road, Cantley, Norwich, Norfolk NR13 3SR2
£204.5K10/230.11 mi12, Langley Road, Cantley, Norwich, Norfolk NR13 3SR2
£180K04/210.18 mi25, Church Road, Cantley, Norwich, Norfolk NR13 3SN2
£262.5K05/210.41 miBirds Nest Cottage, School Lane, Cantley, Norwich, Norfolk NR13 3SA2
£180K02/211.04 miMagnolia Cottage, Well Road, Limpenhoe, Norwich, Norfolk NR13 3AL2
£205K01/231.7 mi65, The Common, Freethorpe, Norwich, Norfolk NR13 3LX2
£165K12/201.79 mi11, Preston Close, Freethorpe, Norwich, Norfolk NR13 3XB2
£237K08/232.29 mi23, Station Drive, Reedham, Norwich, Norfolk NR13 3JF2
£237K08/232.29 mi23, Station Drive, Reedham, Norwich, Norfolk NR13 3JF2
£300K03/212.38 mi2, Chapel Road, Beighton, Norwich, Norfolk NR13 3LE2
£192K12/202.38 mi35, Station Road, Reedham, Norwich, Norfolk NR13 3TB2
£235K06/212.38 mi33, Station Road, Reedham, Norwich, Norfolk NR13 3TB2
£295K05/232.58 miOrenda, Mill Road, Halvergate, Norwich, Norfolk NR13 3PG2
£194K01/212.62 mi7, Station Road, Reedham, Norwich, Norfolk NR13 3TA2
£205K05/212.73 mi11, Willow Close, Lingwood, Norwich, Norfolk NR13 4BT2
£190K04/212.73 mi16, Willow Close, Lingwood, Norwich, Norfolk NR13 4BT2
£237.5K07/212.76 mi46, Riverside, Reedham, Norwich, Norfolk NR13 3TE2
£240K08/232.76 mi58, Riverside, Reedham, Norwich, Norfolk NR13 3TE2
£216K11/222.87 mi15, Norwich Road, Lingwood, Norwich, Norfolk NR13 4BH2
£181.3K01/212.87 mi27, Norwich Road, Lingwood, Norwich, Norfolk NR13 4BH2
£170K04/212.9 mi51, Homelea Crescent, Lingwood, Norwich, Norfolk NR13 4BP2
£205K04/232.9 mi82, Homelea Crescent, Lingwood, Norwich, Norfolk NR13 4BP2
£270K04/232.95 mi3, Buckenham Road, Strumpshaw, Norwich, Norfolk NR13 4NP2
£210K03/242.97 mi23a, Clarkson Road, Lingwood, Norwich, Norfolk NR13 4BA2
£209.7K02/212.97 mi49, Clarkson Road, Lingwood, Norwich, Norfolk NR13 4BA2
£215K02/242.97 mi6, Clarkson Road, Lingwood, Norwich, Norfolk NR13 4BA2
£235K08/232.97 mi49, Clarkson Road, Lingwood, Norwich, Norfolk NR13 4BA2
£227.5K02/242.98 mi28, St Peters Close, Strumpshaw, Norwich, Norfolk NR13 4NR2

Local Rents

13 rents from £750/mo to £2.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£1,20006/240.16 mi-3
£82507/240.99 miLimpenhoe3
£2,50009/241.3 miLangley Street, Langley, Norwich4
£2,50009/241.34 miLangley Street, Langley, Norwich, Norfolk, NR144
£82507/241.4 miLimpenhoe2
£95007/241.77 miPearsons Close, Freethorpe, Norwich3
£82007/241.84 miHardley Road, Langley2
£75008/242.03 miThe Green, Freethorpe, Norwich1
£1,35006/242.11 miSutton Crescent, NR134
£1,35006/242.11 miSutton Crescent, NR134
£95006/242.29 miStation Drive, Reedham, Norwich2
£89506/242.39 miThe Warren, Claxton3
£1,50006/232.45 mi-3

Local Area Statistics

Population in NR13

26,695

Population in Norwich

366,887

Town centre distance

10.07 miles away

Nearest school

0.40 miles away

Nearest train station

0.18 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+117%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £270,000

December 11, 2024

Floor Plans

Description

  • Detached Bungalow +
  • Approx. 0.27 Acre Plot (stms) +
  • Kitchen/Breakfast Room +
  • Newly Fitted Shower Room +
  • Two Double Bedrooms +
  • Well Stocked Gardens +
  • Various Outbuildings +
  • Garage & Large Driveway +

SETTING THE SCENE
The property is approached via a large gravel driveway with lawned frontage and mature shrubs and tree which leads to the hard standing pathway to the main entrance. FIND US
You may wish to use your Sat-Nav (NR13 3AD), but to help you... Leave Norwich via the A47 heading towards Great Yarmouth. Proceed straight over the Brundall roundabout and through the single carriageway. Turn right across the dual carriageway signposted Cantley and turn immediately left onto High Road. Follow this road up and over the hill and into Beighton. Proceed through Beighton and into Cantley following round at the 'S' bends. Follow until you reach a junction and head straight over onto Station Road. Take the first right onto Langley Road, then right and immediate left onto Malthouse Lane where the property can be found on the left hand side marked by our 'For Sale' board.

EPC Rating: E

Agent Details

Starkings & Watson, Brundall

01603 336556

Next Steps?

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