4 Bed Terraced House, Planning Permission, Norwich, NR15 1LX, £450,000

Flordon, Norwich, NR15 1LX - 3 months ago

Sold STC
Planning
~129 m²
+28 photos

ValuationOvervalued

Sold Prices£183.3K - £600K
Sold Prices/m²£2.1K/m² - £4.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£380,566

 

 

End Value (After Refurb)

£450,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£58,447

Bridging Loan Interest

£11,813

Total Cash In

£209,209

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£450,000

Mortgage (After Refinance)

£337,500

Mortgage LTV

75%

Cash Left In

£209,209

Equity

£112,500

Rent Range

£800 - £2,150

Rent Estimate

£1,074

Running Costs/mo

£1,641

Cashflow/mo

£-567

Cashflow/yr

£-6,805

Gross Yield

3%

Local Sold Prices

38 sold prices from £183.3K to £600K, average is £350K. £2.1K/m² to £4.3K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£490K11/230.15 miMandhari, The Street, Flordon, Norwich, Norfolk NR15 1RN4
£510K03/210.3 miSummer Orchard, Greenways, Flordon, Norwich, Norfolk NR15 1QN4
£520K11/210.37 miRobin Hill, Station Road, Flordon, Norwich, Norfolk NR15 1QR4
£440K04/230.71 miPilgrim Cottage, Low Road, Tasburgh, Norwich, Norfolk NR15 1LT4
£400K04/230.8 mi1, Harvey Close, Tasburgh, Norwich, Norfolk NR15 1LS4
£350K12/200.83 miPorch Cottage, The Street, Hapton, Norwich, Norfolk NR15 1SL4
£188K01/210.9 mi1, Grove Lane, Tasburgh, Norwich, Norfolk NR15 1LR4
£300K07/230.9 mi1, Grove Lane, Tasburgh, Norwich, Norfolk NR15 1LR4
£320K11/231.33 mi1, Willow Close, Tasburgh, Norwich, Norfolk NR15 1NE4
£345K05/211.34 mi15, Church Road, Tasburgh, Norwich, Norfolk NR15 1ND4
£315K06/211.4 mi7, Dell Close, Newton Flotman, Norwich, Norfolk NR15 1RG4
£488K05/211.42 miPeplins Cottage, Top Row, Wreningham, Norwich, Norfolk NR16 1AR4
£347K03/211.44 mi94, Alan Avenue, Newton Flotman, Norwich, Norfolk NR15 1RF4
£335K09/221.48 mi70, Alan Avenue, Newton Flotman, Norwich, Norfolk NR15 1RF4
£255K06/211.51 miThe Birches, Exchange Road, Newton Flotman, Norwich, Norfolk NR15 1PS4
£308.5K10/231.53 mi5, Kingsway, Saxlingham Thorpe, Norwich, Norfolk NR15 1UA4
£301.5K01/211.54 mi7, Grove Close, Newton Flotman, Norwich, Norfolk NR15 1QF4
£360K04/231.54 mi5, Grove Close, Newton Flotman, Norwich, Norfolk NR15 1QF4
£260K12/201.54 mi13, Sewells Close, Newton Flotman, Norwich, Norfolk NR15 1PX4
£416.5K11/221.56 miRiver Cottage, Old Street, Newton Flotman, Norwich, Norfolk NR15 1PD4
£355K11/221.56 miThe Old Bakery, Old Street, Newton Flotman, Norwich, Norfolk NR15 1PD4
£282K09/231.57 mi24, St Marys Close, Newton Flotman, Norwich, Norfolk NR15 1AH4
£455K10/201.67 miApple Trees, The Street, Tharston, Norwich, Norfolk NR15 2YP4
£600K08/231.69 miBarn House, The Street, Tharston, Norwich, Norfolk NR15 2YP4
£525K01/211.7 mi1, Meadows Drive, Mulbarton, Norwich, Norfolk NR14 8GX4
£437.5K05/211.73 mi13, Hare Close, Mulbarton, Norwich, Norfolk NR14 8QQ4
£435K12/221.73 mi13, Hare Close, Mulbarton, Norwich, Norfolk NR14 8QQ4
£460K08/211.74 mi25, Sowdlefield Walk, Mulbarton, Norwich, Norfolk NR14 8GP4
£440K02/211.74 mi7, Sowdlefield Walk, Mulbarton, Norwich, Norfolk NR14 8GP4
£547.5K05/231.74 mi43, Sowdlefield Walk, Mulbarton, Norwich, Norfolk NR14 8GP4
£300K02/211.81 mi99, Bromedale Avenue, Mulbarton, Norwich, Norfolk NR14 8GZ4
£350K10/231.81 mi34, Catmere Herne, Mulbarton, Norwich, Norfolk NR14 8NU4
£280K02/211.81 mi7, Bromedale Avenue, Mulbarton, Norwich, Norfolk NR14 8GG4
£485K03/231.83 mi25, Chappshill Way, Mulbarton, Norwich, Norfolk NR14 8GN4
£215K06/211.96 mi6, School Road, Bracon Ash, Norwich, Norfolk NR14 8HG4
£183.3K10/201.98 mi24, Lark Rise, Mulbarton, Norwich, Norfolk NR14 8BE4
£262.5K02/211.98 mi9, Primrose Close, Mulbarton, Norwich, Norfolk NR14 8BJ4
£183.3K10/201.98 mi24, Lark Rise, Mulbarton, Norwich, Norfolk NR14 8BE4

Local Rents

26 rents from £800/mo to £2.1K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£1,20008/241.4 miAlan Avenue, Newton Flotman, NR153
£1,20008/241.41 miAlan Avenue, NR153
£82508/231.45 mi-1
£85008/241.45 mi-1
£85012/241.45 mi-1
£85003/251.45 mi-1
£1,15006/241.51 miOlive Avenue, Newton Flotman, Norwich3
£80006/241.77 miRyefield Road, Mulbarton, Norwich, South Norfolk, NR142
£90002/241.77 mi-2
£90012/241.77 mi-2
£1,10007/241.77 miRyefield Road, NR143
£92507/241.77 miWheatfield Road, NR142
£1,37507/241.79 miMinnow Way, Mulbarton, Norwich, Norfolk, NR143
£1,19506/241.81 miMulbarton3
£87509/241.81 miBromedale Avenue, Mulbarton, NORWICH1
£90009/231.82 mi-2
£99506/241.84 miBromdale Avenue, Mulbarton, NR14 8GG3
£1,30007/241.89 miNorwich Road, Ashwellthorpe, Norwich2
£1,30007/241.89 miNorwich Road, Ashwellthorpe, Norwich2
£1,05003/241.96 mi-3
£1,25011/232 mi-3
£1,00007/242.03 miMulbarton3
£99506/242.11 miWoodyard Close, Mulbarton3
£1,20007/242.14 miGowing Road, Mulbarton, NR143
£80006/242.17 miThe Common, Mulbarton2
£2,15006/242.37 miThe Common, Dunston, Norwich3

Local Area Statistics

Population in NR15

15,806

Population in Norwich

366,887

Town centre distance

8.20 miles away

Nearest school

0.90 miles away

Nearest train station

5.17 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £450,000

January 2, 2025

Floor Plans

Description

  • Substantial Detached Character Cottage +
  • A wealth of exposed timber throughout +
  • Exceptionally large Sitting Room/Dining Room +
  • Three Double bedrooms +
  • Beautifully maintained gardens +
  • Outstanding views from the cottage and gardens +
  • Oil Fired Central Heating +

A Unique Opportunity

This is a rare chance to acquire a charming period property with exceptional potential, nestled in a picturesque location where a series of streams feed into the River Tas. Thought to date back to 1853, Mill Cottage retains an abundance of original features, including beautiful exposed beams throughout. The property offers three generously sized double bedrooms, a large family bathroom with a separate WC, and an additional cloakroom on the ground floor.

A standout feature of the cottage is the spacious, open-plan family sitting and dining room, complete with a cosy log burner and stunning views over the well-maintained garden. There is also the exciting potential for future extensions, subject to the necessary planning permissions.

Mill Cottage is set within beautifully landscaped gardens that will be a major attraction for the new owner. Elevated to take full advantage of its tranquil surroundings, the property offers breathtaking views over the stream that flows into the River Tas. Accessed via a private track, the property is approached from between Station Road and Low Road, with ample parking space for several vehicles and a detached garage.

The extensive grounds surrounding the cottage include a wide variety of plants, trees, and shrubs, as well as a feature pond and a woodland area that stretches to the roadside. The property has a water borehole, private drainage system with a septic tank, and oil-fired central heating. This truly is an extraordinary property in a beautiful, peaceful setting, offering endless possibilities.

Agent Details

Howards, covering Long Stratton

01508 505543

Next Steps?

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