3 Bed Terraced House, Single Let, Norwich, NR8 5AY, £210,000

74 Tower Close, Costessey, NR8 5AY - 2 views - 3 months ago

BTL
ROI: 4%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£135K - £493.5K
Sold Prices/m²£1.8K/m² - £6.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£240,152
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£7,800

Total Cash In

£60,300

 

 

Cash Out

 

Rent Range

£995 - £1,450

Rent Estimate

£1,138

Running Costs/mo

£904

Cashflow/mo

£234

Cashflow/yr

£2,810

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £135K to £493.5K, average is £240K. £1.8K/m² to £6.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£234K11/200.1 mi124, West End, Costessey, Norwich, Norfolk NR8 5AN3
£240K02/210.1 mi153, West End, Costessey, Norwich, Norfolk NR8 5AN3
£261K08/230.11 mi9, Linalls Drive, Costessey, Norwich, Norfolk NR8 5AS3
£197K06/210.17 mi3, Breydon Drive, Costessey, Norwich, Norfolk NR8 5AR3
£250K12/200.2 mi7, Breydon Drive, Costessey, Norwich, Norfolk NR8 5AR3
£315K01/230.2 mi7, Breydon Drive, Costessey, Norwich, Norfolk NR8 5AR3
£440K06/230.28 mi177, West End, Costessey, Norwich, Norfolk NR8 5AW3
£431.5K10/230.28 mi170, West End, Costessey, Norwich, Norfolk NR8 5AW3
£493.5K03/230.28 mi197, West End, Costessey, Norwich, Norfolk NR8 5AW3
£275K05/240.28 mi186, West End, Costessey, Norwich, Norfolk NR8 5AW3
£340K09/210.53 mi35, Longwater Lane, Norwich, Norfolk NR5 0TB3
£208K10/200.55 mi27, Pochard Street, Costessey, Norwich, Norfolk NR8 5FP3
£275K09/230.55 mi26, Pochard Street, Costessey, Norwich, Norfolk NR8 5FP3
£236K12/220.56 mi48, Rose Avenue, Costessey, Norwich, Norfolk NR8 5EX3
£187K02/210.57 mi22, Rose Avenue, Costessey, Norwich, Norfolk NR8 5EX3
£224.4K06/230.57 mi22, Rose Avenue, Costessey, Norwich, Norfolk NR8 5EX3
£230K01/230.57 mi14, Rose Avenue, Costessey, Norwich, Norfolk NR8 5EX3
£220K09/230.57 mi60, Rose Avenue, Costessey, Norwich, Norfolk NR8 5EX3
£242K09/230.59 mi5, Woodpecker Way, Costessey, Norwich, Norfolk NR8 5FD3
£225K03/240.59 mi30a, The Street, Costessey, Norwich, Norfolk NR8 5DB3
£195K07/210.61 mi32, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH3
£230K11/220.61 mi34, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH3
£285K12/220.62 mi4, Heron Road, Costessey, Norwich, Norfolk NR8 5FJ3
£237.5K05/230.63 mi30, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FF3
£212K03/210.63 mi6, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FF3
£135K07/210.64 mi35, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE3
£240K06/210.64 mi66, Longwater Lane, Norwich, Norfolk NR5 0TF3
£233.5K08/210.66 mi28, Poethlyn Drive, Costessey, Norwich, Norfolk NR8 5ET3
£220K12/200.66 mi19, Magpie Close, Costessey, Norwich, Norfolk NR8 5AQ3
£245K04/230.66 mi11, Magpie Close, Costessey, Norwich, Norfolk NR8 5AQ3
£211.5K04/210.67 mi8, Crossbill Close, Costessey, Norwich, Norfolk NR8 5FY3
£260K06/230.68 mi82, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY3
£247.5K09/230.68 mi2, Siskin Close, Costessey, Norwich, Norfolk NR8 5BL3
£275K03/210.71 mi62, The Street, Costessey, Norwich, Norfolk NR8 5DD3
£244K08/210.73 mi3, Holly Blue Mews, Costessey, Norwich, Norfolk NR8 5GR3
£265K06/230.73 mi19, Red Admiral Close, Costessey, Norwich, Norfolk NR8 5GU3
£225K04/230.73 mi13, Red Admiral Close, Costessey, Norwich, Norfolk NR8 5GU3
£275K04/230.73 mi72, Longwater Lane, Norwich, Norfolk NR5 0TH3
£220K11/210.74 mi47, Kestrel Avenue, Costessey, Norwich, Norfolk NR8 5FT3
£280K02/230.74 mi26, Peacock Grove, Costessey, Norwich, Norfolk NR8 5GT3
£260K05/210.75 mi24, Peacock Grove, Costessey, Norwich, Norfolk NR8 5GT3
£323.5K08/230.75 mi31, Townhouse Road, Costessey, Norwich, Norfolk NR8 5AB3
£220K04/210.76 mi21, Peacock Grove, Costessey, Norwich, Norfolk NR8 5GS3
£270K04/230.78 mi29, Lime Tree Avenue, Costessey, Norwich, Norfolk NR8 5AD3
£271.5K12/220.79 mi8, Lime Tree Avenue, Costessey, Norwich, Norfolk NR8 5AD3
£220K11/210.81 mi19, Doctor Torrens Way, New Costessey, Norwich, Norfolk NR5 0GB3
£260K02/240.81 mi15, Dr Torrens Way, New Costessey, Norwich, Norfolk NR5 0GB3
£210K03/240.82 mi11, St Simon Close, Costessey, Norwich, Norfolk NR8 5ES3
£223K11/200.82 mi15, St Simon Close, Costessey, Norwich, Norfolk NR8 5ES3
£204K07/210.82 mi6, St Simon Close, Costessey, Norwich, Norfolk NR8 5ES3

Local Rents

18 rents from £995/mo to £1.4K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£99503/250.02 mi-3
£99503/250.02 mi-3
£1,29506/240.2 miBreydon Drive, NR83
£1,25012/240.53 miPochard Street, Costessey, Norwich3
£1,10012/240.54 mi-3
£1,29512/240.59 mi-3
£1,10012/240.6 mi-3
£1,25006/240.63 miRobin Close, Queens Hill, Costessey, NR83
£1,20006/240.63 miHeron Road, Norwich3
£1,30006/240.72 miKingfisher Close, NR8 5BF3
£1,25002/240.79 mi-3
£1,15001/240.8 mi-3
£1,19506/240.81 miDr Torrens Way, Norwich, Norfolk, NR53
£1,25003/250.81 mi-3
£1,25011/240.82 mi-3
£1,38002/250.82 mi-3
£1,45002/250.94 mi-3
£1,45012/240.94 miWoodcock Hill, Costessey, Norwich, NR83

Local Area Statistics

Population in NR8

20,321

Population in Norwich

366,887

Town centre distance

4.20 miles away

Nearest school

0.40 miles away

Nearest train station

5.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £210,000

March 12, 2025

Listed for £220,000

December 31, 2024

Floor Plans

Description

  • Guide Price £220,000 - £230,000 +
  • No Onward Chain +
  • Detached Garage And Driveway +
  • Private Rear Garden Backing Onto Woodland +
  • Three Bedrooms +
  • Kitchen/Diner +
  • Large Sitting Room with Panoramic Window And Patio Door +
  • Downstairs WC +

Offered with no onward chain, this delightful property is perfect for a quick sale. Situated in a peaceful setting, backing on to woodland, it boasts a detached garage, a large driveway, and an enclosed front garden.

Step inside to discover a spacious and practical layout. The ground floor features a generous kitchen/diner, a convenient WC, and a bright sitting room with panoramic windows overlooking the secluded rear garden. A patio door opens directly onto the garden.

Upstairs, you’ll find three bedrooms—two doubles and one single—alongside a well-appointed family bathroom and ample built-in storage.

One of the standout features of this home is the private rear garden, which offers a tranquil retreat., backing onto a stunning woodland area that extends to a nearby golf course.

Agent Details

Ben Allman Estate & Letting Agent, Norwich

01603 555577

Next Steps?

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