3 Bed Semi-Detached House, Single Let, Norwich, NR5 8RY, £230,000

St. Mildreds Road, Norwich, NR5 8RY - 3 views - 4 months ago

BTL
ROI: 2%
~93 m²
+17 photos

ValuationUndervalued

Sold Prices£162.5K - £315K
Sold Prices/m²£1.9K/m² - £3.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.5K/m²

Value Estimate

£277,021
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£950 - £2,100

Rent Estimate

£1,050

Running Costs/mo

£949

Cashflow/mo

£101

Cashflow/yr

£1,215

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £162.5K to £315K, average is £227.8K. £1.9K/m² to £3.9K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£225K08/240.05 mi142, St Mildreds Road, Norwich, Norfolk NR5 8RY3
£189K11/220.16 mi9, Malbrook Road, Norwich, Norfolk NR5 8RR3
£235K03/230.22 mi182, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£280K11/220.22 mi168, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£227.2K11/200.24 mi1, St Mildreds Road, Norwich, Norfolk NR5 8RJ3
£210K07/210.25 mi6, Reydon Close, Norwich, Norfolk NR5 9AG3
£295K09/210.27 mi161, Earlham Green Lane, Norwich, Norfolk NR5 8RG3
£258K08/230.3 mi9, Mayes Close, Norwich, Norfolk NR5 9AR3
£185K02/210.3 mi5, Cotterall Court, Norwich, Norfolk NR5 9AZ3
£195K12/200.32 mi10, Lushington Close, Norwich, Norfolk NR5 9AU3
£172K02/210.32 mi4, Lushington Close, Norwich, Norfolk NR5 9AU3
£237K03/230.32 mi4, Fitzhenry Mews, Norwich, Norfolk NR5 9BH3
£200K05/230.32 mi14, Kerville Street, Norwich, Norfolk NR5 9BG3
£204K08/230.32 mi8, Skoner Road, Norwich, Norfolk NR5 9AX3
£205K11/230.33 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£200K04/210.34 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£227.5K02/240.34 mi79, Stevenson Road, Norwich, Norfolk NR5 8TS3
£260K06/210.34 mi20, Rydal Close, Norwich, Norfolk NR5 8LT3
£270K09/210.34 mi7, Cornwallis Close, Norwich, Norfolk NR5 9BJ3
£228K03/230.35 mi5, Webster Close, Norwich, Norfolk NR5 9DF3
£215K09/230.35 mi28, Webster Close, Norwich, Norfolk NR5 9DF3
£250K07/230.38 mi31, Enfield Road, Norwich, Norfolk NR5 8LF3
£270K11/230.38 mi39, Larkman Lane, Norwich, Norfolk NR5 8TY3
£230K01/240.38 mi42, Larkman Lane, Norwich, Norfolk NR5 8TY3
£172K01/210.39 mi7, Holworthy Road, Norwich, Norfolk NR5 9DG3
£245K05/230.39 mi53, Holworthy Road, Norwich, Norfolk NR5 9DG3
£232K03/230.39 mi57, Holworthy Road, Norwich, Norfolk NR5 9DG3
£220K09/210.39 mi45, Holworthy Road, Norwich, Norfolk NR5 9DG3
£213K11/220.39 mi70, Holworthy Road, Norwich, Norfolk NR5 9DG3
£184.3K06/210.39 mi42, Holworthy Road, Norwich, Norfolk NR5 9DG3
£162.5K06/210.39 mi32, Stevenson Road, Norwich, Norfolk NR5 8TT3
£238.5K12/230.39 mi200, Beloe Avenue, Norwich, Norfolk NR5 9AQ3
£235K08/230.4 mi90, Beecheno Road, Norwich, Norfolk NR5 8TQ3
£310K11/210.43 mi654, Dereham Road, Norwich, Norfolk NR5 0SZ3
£205K11/200.43 mi45, Stylman Road, Norwich, Norfolk NR5 9ET3
£197.5K05/210.43 mi5, Stylman Road, Norwich, Norfolk NR5 9ET3
£245K10/220.45 mi2, Beecheno Road, Norwich, Norfolk NR5 8TJ3
£210K02/230.45 mi22, Toftes Place, Norwich, Norfolk NR5 9DA3
£295K03/240.46 mi580, Dereham Road, Norwich, Norfolk NR5 8TE3
£282.5K06/210.46 mi23, Pitchford Road, Norwich, Norfolk NR5 8LQ3
£240K06/230.46 mi25, Larkman Lane, Norwich, Norfolk NR5 8TZ3
£315K12/220.46 mi81, Sukey Way, Norwich, Norfolk NR5 9NZ3
£247.5K02/210.47 mi25, Pollywiggle Close, Norwich, Norfolk NR5 9PG3
£280K10/230.47 mi22, Pollywiggle Close, Norwich, Norfolk NR5 9PG3
£245K07/230.47 mi24, Pollywiggle Close, Norwich, Norfolk NR5 9PG3
£240K10/220.48 mi9, Morris Close, Norwich, Norfolk NR5 9DQ3
£182K01/210.48 mi28, Notykin Street, Norwich, Norfolk NR5 9DN3
£177K06/210.48 mi11, Notykin Street, Norwich, Norfolk NR5 9DN3
£215K10/220.48 mi30, Notykin Street, Norwich, Norfolk NR5 9DN3
£177.5K03/210.49 mi22, Brennewater Mews, Norwich, Norfolk NR5 9DH3

Local Rents

33 rents from £950/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,30012/240.17 miShepherd Purse Way, NORWICH3
£1,10006/240.25 miNorwich, NR53
£1,27512/240.28 miGilbard Road, NR5 8TR3
£1,05006/240.28 miGilbard Road, Norwich3
£1,20006/240.3 miBevan Close, Norwich3
£1,50006/240.32 miKerville Street, NR5 9BG3
£1,60012/240.33 miLushington Close, Norwich3
£95006/240.33 miBeecheno Road, NORWICH3
£1,25012/240.35 mi-3
£1,40012/240.35 miNotridge Road, Norwich, NR53
£1,15012/240.38 mi-3
£1,10012/240.38 mi-3
£1,45006/240.46 miDereham Road, Norwich, NR53
£1,35012/240.46 miPollywiggle Close, Norwich, NR53
£1,35012/240.46 mi-3
£1,10012/240.46 mi-3
£1,20006/240.47 miPollywiggle Close, Norwich3
£1,30012/240.47 miNorwich Road, Norwich3
£1,15012/240.48 miHorn Pie Road, Norwich, Norfolk3
£1,29006/240.5 mi-3
£1,38012/240.5 mi-3
£1,15012/240.52 miThree Score, NR53
£1,50012/240.52 miSukey Way, NR5 9NZ3
£1,40004/250.53 mi-3
£1,50012/240.54 mi-3
£1,30008/240.54 mi-3
£1,20006/240.55 miFresher Mews, Three Score, Norwich, NR53
£1,10006/240.55 miFresher Mews, Three Score, Norwich, NR53
£1,20012/240.55 miBishy Barnebee Way, Threescore, Norwich3
£1,50012/240.57 miMotum Road, Norwich3
£1,35012/240.6 miCaddow Road, Norwich3
£1,35006/240.61 miThe Swale, Three Score, Norwich, NR53
£2,10012/240.62 miEarlham Road, Norwich, NR4 7TG3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.62 miles away

Nearest school

0.40 miles away

Nearest train station

3.28 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £230,000

January 1, 2025

Floor Plans

Description

  • Semi-Detached House +
  • Generous Sitting Room +
  • Separate Dining Room +
  • Three Bedrooms +
  • Private & Enclosed Rear Garden +
  • Brick Outbuildings & Toilet +
  • Short Walk To All Amenities +
  • Ideal First Time Buy or Investment +

IN SUMMARY
This SEMI-DETACHED HOUSE would make the ideal INVESTMENT or FIRST TIME BUY being a short walk from the UEA with easy links into Norwich city centre. The property boasts uPVC DOUBLE GLAZED WINDOWS and gas fired CENTRAL HEATING, with the ground floor offering a FREE FLOWING living space comprising the SITTING ROOM with separate DINING ROOM, leading into the KITCHEN - all with the ability to be closed off from one another or left open. The first floor gives way to THREE BEDROOMS, two with BUILT-IN STORAGE and the third being a versatile single bedroom, study or nursery. The FAMILY BATHROOM suite was updated by the current owner around 2020 and features a showerhead mounted over the bath. Externally, the LARGER THAN AVERAGE PLOT offers a PATIO SEATING AREA with large LAWN GARDEN as well as OUTBUILDINGS with electricity and a gardeners W.C. The front of the home could be turned into OFF ROAD PARKING for more than one vehicle if desired (stp).

SETTING THE SCENE
The property can be found set back from this popular street with a low level brick wall to the front giving way to a low maintenance frontage and small lawn garden separated by the access path. This space could easily be converted to offer off road parking to the front of the property (stp) with an iron gate giving direct access to the rear garden. THE GRAND TOUR
Once inside you will find yourself stood in the central hallway with all wood effect flooring laid underfoot granting access to all living spaces on the ground floor as well as stairs for the first floor and handy under the stairs storage space. To your left is the sitting room where a large carpeted space reaches out allowing a choice of soft furnishings with large uPVC double glazed windows to the front and feature fireplace recently installed in the centre of the room. Through from here the property flows seamlessly into the dining room area with all wood effect flooring running through towards the kitchen. Within this room there is ample space for a formal dining table with large uPVC double glazed windows looking into the rear garden. All spaces on the ground floor can be open to create a free flowing feel suitable for modern living or separated if this is your preference. Finally on the ground floor the kitchen comes towards the rear of the home with wall mounted gas boiler and a mixture of wall and base mounted storage units set around rolled edge work surfaces with ample room for freestanding appliances and and plumbing for a washing machine. Access to the rear garden can be found here taking you directly to the patio area also before looping back around into the hallway. The first floor landing grants access to all three bedrooms on the first floor as well as the recently updated three piece family bathroom suite complete with a mostly tiled surround, wall mounted towel rail and shower head over the bath with glass screen. The smaller of the bedrooms sits adjacent to the bathroom, the ideal single bedroom/home office or nursery with carpeted flooring and front facing window with radiator mounted below. The larger of the two double bedrooms comes towards the front of the home with carpeted flooring and radiator mounted below the double glazed window with a large floor space giving way to an integrated storage cupboard. The second double bedroom has a rear facing aspect overlooking the rear gardens with a tree lined view in the distance. Again, the radiator is mounted below the double glazed window with a large carpeted floor space giving way to arrangement of soft furnishings with built in storage cupboard. FIND US
Postcode : NR5 8RY
What3Words : ///baking.lower.villa

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

AGENTS NOTE
We understand the property to be System Built, therefore it is recommended that potential purchasers complete their own research to confirm if a mortgage can be obtained with your own choice of lender. 

EPC Rating: D

Agent Details

Starkings & Watson, Costessey

01603 336446

Next Steps?

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