3 Bed Terraced House, Single Let, Norwich, NR3 4DH, £230,000

8 Lorraine Gardens, Norwich, Norfolk, NR3 4DH - 4 months ago

Sold STC
BTL
ROI: 1%
77 m²
+12 photos

ValuationUndervalued

Sold Prices£147.5K - £500K
Sold Prices/m²£1.8K/m² - £5.4K/m²

 

 

Square Metres

77.20 m²
Price/m²£3K/m²

Value Estimate

£251,777
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,400

Total Cash In

£65,900

 

 

Cash Out

 

Rent Range

£950 - £1,750

Rent Estimate

£1,021

Running Costs/mo

£943

Cashflow/mo

£78

Cashflow/yr

£937

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £147.5K to £500K, average is £282.5K. £1.8K/m² to £5.4K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£183K02/210 mi2, Lorraine Gardens, Norwich, Norfolk NR3 4DH3
£500K08/230.07 mi9a, St Clements Hill, Norwich, Norfolk NR3 4DE3
£320K06/210.08 mi219, Woodcock Road, Norwich, Norfolk NR3 3TE3
£352K10/220.12 mi186, Woodcock Road, Norwich, Norfolk NR3 3TA3
£375K08/210.12 mi3, Carterford Drive, Norwich, Norfolk NR3 4DW3
£375K08/210.12 mi3, Carterford Drive, Norwich, Norfolk NR3 4DW3
£335K11/200.13 mi49, Constitution Hill, Norwich, Norfolk NR3 4HA3
£371K07/220.13 mi180, Woodcock Road, Norwich, Norfolk NR3 3TA3
£210K07/230.14 mi6, Tanager Close, Norwich, Norfolk NR3 3QD3
£265K12/200.15 mi178, Woodcock Road, Norwich, Norfolk NR3 3TA3
£225K04/210.15 mi138, Woodcock Road, Norwich, Norfolk NR3 3TA3
£263K08/230.15 mi188, Woodcock Road, Norwich, Norfolk NR3 3TA3
£450K09/230.15 mi164, Woodcock Road, Norwich, Norfolk NR3 3TA3
£340K02/210.16 mi180, Constitution Hill, Norwich, Norfolk NR3 4HB3
£280K08/210.16 mi24, Aylesbury Close, Norwich, Norfolk NR3 3LB3
£227K05/210.16 mi71, Aylesbury Close, Norwich, Norfolk NR3 3LB3
£220K01/210.16 mi48, Aylesbury Close, Norwich, Norfolk NR3 3LB3
£243.3K08/230.16 mi19, Ardney Rise, Norwich, Norfolk NR3 3QH3
£167.5K11/200.16 mi5, Ardney Rise, Norwich, Norfolk NR3 3QH3
£235K05/230.16 mi4, Ardney Rise, Norwich, Norfolk NR3 3QH3
£285K01/230.17 mi209, Woodcock Road, Norwich, Norfolk NR3 3TG3
£347.5K03/230.19 mi68, Mansel Drive, Norwich, Norfolk NR6 7NB3
£235K03/210.19 mi207, Woodcock Road, Norwich, Norfolk NR3 3TG3
£384K11/220.21 mi28, Spixworth Road, Norwich, Norfolk NR6 7NF3
£400K07/230.22 mi16, Elm Grove Lane, Norwich, Norfolk NR3 3LE3
£405K05/230.22 mi11, Spixworth Road, Norwich, Norfolk NR6 7NE3
£320K06/210.22 mi1a, Oak Lane, Norwich, Norfolk NR3 3QG3
£402K08/230.22 mi34, Oak Lane, Norwich, Norfolk NR3 3QG3
£245K10/200.22 mi12, Oak Lane, Norwich, Norfolk NR3 3QG3
£350K10/200.22 mi39, Wall Road, Norwich, Norfolk NR3 4HJ3
£365K12/200.22 mi27, Wall Road, Norwich, Norfolk NR3 4HJ3
£450K12/220.23 mi20a, Colkett Drive, Old Catton, Norwich, Norfolk NR6 7ND3
£360K12/200.26 mi27, Clabon Road, Norwich, Norfolk NR3 4HG3
£300K12/220.26 mi43, Clabon Road, Norwich, Norfolk NR3 4HG3
£260.9K11/220.3 mi77, Catton Grove Road, Norwich, Norfolk NR3 3NR3
£325K08/210.3 mi13, Ash Grove, Norwich, Norfolk NR3 4BE3
£260K05/210.3 mi40, Ash Grove, Norwich, Norfolk NR3 4BE3
£379K08/220.3 mi22, Ash Grove, Norwich, Norfolk NR3 4BE3
£200K10/210.31 mi141, Catton Grove Road, Norwich, Norfolk NR3 3PB3
£152K03/210.32 mi34, Hillmead, Norwich, Norfolk NR3 3PF3
£147.5K03/210.32 mi28, Hillmead, Norwich, Norfolk NR3 3PF3
£207.5K10/230.32 mi28, Hillmead, Norwich, Norfolk NR3 3PF3
£260K06/230.33 mi1, Chamberlin Close, Norwich, Norfolk NR3 3LP3
£230K08/210.33 mi2, Lilburne Avenue, Norwich, Norfolk NR3 3NY3
£325K08/230.33 mi4, Wall Road, Norwich, Norfolk NR3 4HW3
£160K03/210.34 mi15, Foster Road, Norwich, Norfolk NR3 3PN3
£325K01/210.35 mi28, Tillett Road, Norwich, Norfolk NR3 4BJ3
£170K11/200.35 mi26, Tillett Road, Norwich, Norfolk NR3 4BJ3
£205K03/230.35 mi2, Tillett Road, Norwich, Norfolk NR3 4BJ3
£277K09/210.35 mi23, Tillett Road, Norwich, Norfolk NR3 4BJ3

Local Rents

20 rents from £950/mo to £1.8K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,25007/240.16 miAylesbury Close, Norwich3
£99506/240.23 miRostwold Way, Norwich, Norfolk3
£1,60006/240.35 miTillett Road, NR3 4BJ3
£1,20008/240.4 mi-3
£1,20007/240.4 miShipfield, Norwich, NR33
£1,12010/240.4 mi-3
£1,20003/250.41 mi-3
£1,40007/240.42 miWoodcock Road, Norwich, NR33
£1,40007/240.42 mi-3
£1,15008/240.42 miNorth Norwich3
£1,75012/240.48 mi-3
£95006/240.52 miGertrude Road3
£1,20002/250.55 mi-3
£1,35006/240.58 miLadysmith Road, Norwich3
£1,10006/240.58 miGertrude Road, Norwich3
£1,10006/240.59 miWaterloo Road, Norwich, NR33
£97506/240.59 miGertrude Road, Norwich, NR33
£1,30008/240.61 miAngel Road, Norwich, Norfolk, NR33
£1,15008/240.61 miBell Road, Norwich, NR33
£1,20009/240.61 miNorwich3

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.84 miles away

Nearest school

0.30 miles away

Nearest train station

1.75 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Price changed to £230,000

January 23, 2025

Listed for £240,000

December 23, 2024

Sold for £187,000

2021

Sold for £133,000

2012

Sold for £125,000

2003

Floor Plans

Description

*CALLING ALL FIRST TIME BUYERS*

Nestled in the sought-after NR3 area in a quiet cul-de-sac location, this charming three-bedroom mid-terrace house offers a perfect blend of modern updates and comfortable living. The property boasts three generously sized bedrooms, ideal for families or those in need of additional space.

The heart of the home is the open-plan lounge and dining area, creating a light and airy living space perfect for relaxing or entertaining. The kitchen and bathroom have been thoughtfully updated to combine style with practicality, ensuring they meet the demands of modern living.

Externally, the property features a private rear garden and a garage, providing convenient storage or parking options. With minimal overlooking from both the front and rear, the house enjoys an excellent sense of privacy, making it an ideal retreat in this desirable location.

This property presents a fantastic opportunity for anyone looking for a comfortable home in the vibrant NR3 area. Call now to book your viewing today...

Agent Details

Abbotts, Norwich

01603 361914

Next Steps?

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