3 Bed Semi-Detached House, Refurb/BRRR, Norwich, NR2 2PH, £450,000

161 Unthank Road, Norwich, Norfolk, NR2 2PG - 1 views - 3 months ago

Sold STC
Refurb/BRRR
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£200K - £800K
Sold Prices/m²£2.6K/m² - £5.9K/m²

 

 

Square Metres

~93 m²
Price/m²£4.8K/m²

Value Estimate

£347,951

 

 

End Value (After Refurb)

£392,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£42,055

Bridging Loan Interest

£11,813

Total Cash In

£204,317

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£392,500

Mortgage (After Refinance)

£294,375

Mortgage LTV

75%

Cash Left In

£204,317

Equity

£98,125

Rent Range

£910 - £2,000

Rent Estimate

£1,358

Running Costs/mo

£1,518

Cashflow/mo

£-160

Cashflow/yr

£-1,922

Gross Yield

4%

Local Sold Prices

50 sold prices from £200K to £800K, average is £304K. £2.6K/m² to £5.9K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£367.5K12/200.07 mi14, Grange Road, Norwich, Norfolk NR2 3NH3
£315K02/240.07 mi2, Grange Road, Norwich, Norfolk NR2 3NH3
£510K07/230.07 mi4, Grange Road, Norwich, Norfolk NR2 3NH3
£455K06/230.09 mi49, Christchurch Road, Norwich, Norfolk NR2 3NE3
£412.4K05/210.1 mi1, Mornington Road, Norwich, Norfolk NR2 3NA3
£270K01/210.12 mi185a, Unthank Road, Norwich, Norfolk NR2 2PQ3
£564K09/210.13 mi65, Christchurch Road, Norwich, Norfolk NR2 3NF3
£352K01/210.14 mi8, Mornington Road, Norwich, Norfolk NR2 3NB3
£515K10/220.14 mi10, Highland Avenue, Norwich, Norfolk NR2 3NP3
£306K12/220.16 mi94, Glebe Road, Norwich, Norfolk NR2 3JQ3
£267K09/210.17 mi13, Muriel Road, Norwich, Norfolk NR2 3NY3
£256.5K06/230.17 mi13, Muriel Road, Norwich, Norfolk NR2 3NY3
£400K10/200.18 mi157, Unthank Road, Norwich, Norfolk NR2 2PG3
£390K03/210.18 mi120, Glebe Road, Norwich, Norfolk NR2 3JQ3
£270K02/210.18 mi96, Glebe Road, Norwich, Norfolk NR2 3JQ3
£475K02/210.18 mi109, Glebe Road, Norwich, Norfolk NR2 3JH3
£285K10/230.18 mi143, Glebe Road, Norwich, Norfolk NR2 3JH3
£228K12/210.18 mi29, Highland Road, Norwich, Norfolk NR2 3NN3
£325K11/230.18 mi36, Highland Road, Norwich, Norfolk NR2 3NN3
£245K12/200.19 mi44, Muriel Road, Norwich, Norfolk NR2 3NZ3
£200K01/210.19 mi33, Bury Street, Norwich, Norfolk NR2 2DJ3
£275K01/210.2 mi121, College Road, Norwich, Norfolk NR2 3JP3
£300K08/210.21 mi32, Portland Street, Norwich, Norfolk NR2 3LF3
£374.5K02/210.21 mi118, Portland Street, Norwich, Norfolk NR2 3LF3
£250K11/200.21 mi56, Mile End Road, Norwich, Norfolk NR4 7QX3
£264.3K01/230.22 mi55, Portland Street, Norwich, Norfolk NR2 3LE3
£425K10/200.22 mi103, Christchurch Road, Norwich, Norfolk NR2 3NG3
£265K01/230.22 mi89, Portland Street, Norwich, Norfolk NR2 3LE3
£222K03/240.23 mi107, Lincoln Street, Norwich, Norfolk NR2 3JZ3
£375K12/200.24 mi94, Lincoln Street, Norwich, Norfolk NR2 3LB3
£277.5K06/230.24 mi128, Lincoln Street, Norwich, Norfolk NR2 3LB3
£245K12/230.24 mi105, Highland Road, Norwich, Norfolk NR2 3NW3
£250K08/230.24 mi87, Highland Road, Norwich, Norfolk NR2 3NW3
£247K09/210.24 mi125, Lincoln Street, Norwich, Norfolk NR2 3JZ3
£230K06/210.24 mi30, Waldeck Road, Norwich, Norfolk NR4 7PG3
£305K09/210.24 mi31, Waldeck Road, Norwich, Norfolk NR4 7PG3
£255K10/230.24 mi26, Waldeck Road, Norwich, Norfolk NR4 7PG3
£390K06/210.25 mi47, Meadow Rise Road, Norwich, Norfolk NR2 3QF3
£511.6K12/230.25 mi61, Meadow Rise Road, Norwich, Norfolk NR2 3QF3
£515K11/200.25 mi23, Mount Pleasant, Norwich, Norfolk NR2 2DH3
£303K02/230.25 mi79, Bury Street, Norwich, Norfolk NR2 2DL3
£407.5K04/210.26 mi33, Jessopp Road, Norwich, Norfolk NR2 3JF3
£511.5K04/230.26 mi43, Jessopp Road, Norwich, Norfolk NR2 3JF3
£248K09/230.26 mi142, Unthank Road, Norwich, Norfolk NR2 2RS3
£583K04/220.26 mi97, Christchurch Road, Norwich, Norfolk NR2 3NG3
£248K07/210.27 mi348, Unthank Road, Norwich, Norfolk NR4 7QD3
£271K12/210.27 mi63, Gloucester Street, Norwich, Norfolk NR2 2DX3
£272K11/210.28 mi29, Warwick Street, Norwich, Norfolk NR2 3LD3
£350K02/240.28 mi87, Warwick Street, Norwich, Norfolk NR2 3LD3
£800K03/230.28 mi2b, Mile End Road, Norwich, Norfolk NR4 7QY3

Local Rents

51 rents from £910/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,60006/240.08 mi-3
£1,20004/250.09 mi-3
£1,35006/240.1 miHenley Road, Norwich NR2 3NL3
£1,15008/240.15 miSouth City3
£1,52006/240.16 miLincoln Street, Norwich NR2 3JY4
£91008/240.17 miLincoln Street, Norwich3
£99506/240.18 miGlebe Road, Norwich, NR23
£99506/240.18 miGlebe Road, Norwich, NR23
£1,40008/240.18 miHighland Road, NORWICH3
£1,12503/250.19 mi-3
£1,23006/240.19 miMuriel Road, Norwich NR2 3NZ3
£1,20001/120.19 miBury Street,Norwich,NR23
£1,05008/240.2 miSouth West City3
£1,60008/240.2 miCollege Road, Norwich3
£1,50004/250.21 mi-3
£1,70007/240.22 miPortland Street, Norwich, Norfolk, NR23
£1,65007/240.22 miPortland Street, NR2 3LE3
£1,11003/240.22 miPortland Street, Norwich NR2 3LF3
£1,45007/240.22 miPortland Street, Norwich, NR23
£1,26006/240.23 miDover Street, Norwich NR2 3LG3
£1,26006/240.23 miDover Street, Norwich NR2 3LQ, 3 Bed3
£1,20007/240.23 miDover Street, Norwich3
£1,20008/240.23 miDover Street, Norwich3
£1,05006/240.23 miDover Street, Norwich, NR23
£1,35006/240.23 miBury Street, Norwich NR2 2DN3
£1,26006/240.23 miBury Street, Norwich NR2 2DN3
£1,70007/240.25 miPortland Street, Norwich3
£1,20011/240.26 mi-3
£1,20002/250.26 mi-3
£1,30006/240.26 miOnley Street, NORWICH3
£1,20007/240.26 miBury Street, Norwich, NR23
£1,14006/240.26 miOnley Street, Norwich NR2 2EB3
£1,25007/240.28 miPortersfield Road, Norwich, NR23
£1,30009/240.3 miPortersfield Road, Norwich, NR23
£1,60007/240.31 miYork Street, Norwich, NR2 3
£1,42506/240.31 miRose Valley, Norwich, NR23
£1,80006/240.31 miRose Valley, Norwich, NR23
£1,29506/240.32 miRutland Street, Norwich, Norfolk, NR23
£1,29507/240.32 miRutland Street, Norwich, Norfolk, NR23
£1,29507/240.32 miRose Valley, Off Unthank Road, Norwich3
£2,00009/240.34 mi-3
£2,00008/240.34 miCambridge Street, Norwich, NR23
£1,35006/240.36 miLeicester Street, Norwich NR2 2AS3
£1,35006/240.36 miUplands Court, Upton Road, Norwich, NR4 7PH3
£1,45006/240.36 miUpton Road, Norwich, NR43
£1,05006/240.37 miNorwich3
£1,70006/240.37 miUpton Road, Norwich, NR43
£1,45012/240.37 mi-3
£1,65012/240.37 mi-3
£1,45012/240.37 mi-3
£1,45012/240.37 mi-3

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

1.54 miles away

Nearest school

0.30 miles away

Nearest train station

1.53 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £450,000

January 10, 2025

Floor Plans

Description

  • PRIME GOLDEN TRIANGLE LOCATION +
  • SEMI DETACHED HOME +
  • RARE OPPORTUNITY WITH SCOPE FOR MODERNISATION AND IMPROVEMENT +
  • TWO RECEPTION ROOMS +
  • THREE BEDROOMS, WC, BATHROOM AND SHOWER ROOM +
  • WRAP AROUND GARDENS +
  • GARAGE PARKING +
  • NO ONWARD CHAIN +

SUMMARY
Location, Location, Location. Sitting in an elevated position form Unthank Road this established semi detached home offers potential to extend and improve and offers the rare opportunity of garage parking

DESCRIPTION
Presenting a captivating opportunity in the heart of the prime Golden Triangle locale, this exceptional semi-detached home boasts a rare chance for modernisation and improvement. Situated in a vibrant city setting, this property features three bedrooms, double glazing, and gas-fired central heating. Elegantly designed with two reception rooms, the residence offers a functional layout for versatile living spaces.

The property's charm is further underscored by its wrap-around gardens, offering a tranquil sanctuary within the bustling urban landscape. Complete with garage parking for convenience, this property presents a seamless blend of comfort and potential for enhancement.

With a coveted location and the promise of personalisation to suit individual tastes, this property stands as an exceptional residence waiting to be transformed into a bespoke urban oasis. Offered with no onward chain, seize the opportunity to make this property your own and enjoy a lifestyle of modern sophistication in a sought-after city address.

Entrance Hall 
Composite door to front aspect, double glazed window to side aspect, under stairs cupboard housing gas fired central heating boiler, picture rail, radiator.

Lounge 14' 3" max x 12' 5" ( 4.34m max x 3.78m )
Double glazed windows to front aspect, electric fire, ceiling rose, wall lighting, picture rail, alcove shelving, radiator.

Dining Room 14' 2" max x 11' ( 4.32m max x 3.35m )
Alcove shelving, serving hatch to kitchen, solid fuel fire set in ceramic fireplace, radiator, double glazed french doors to garden.

Kitchen 11' x 7' ( 3.35m x 2.13m )
Double glazed windows to side aspect, fitted kitchen with a range of wall and base units, inset one and a half bowl sink and drainer, electric double oven, electric hob, plumbing and space for washing machine, space for fridge / freezer, double glazed door to rear leading to garden.

Wc 
Double glazed window to side aspect, suite comprising low level wc.

Landing 
Stairs leading from entrance hall to first floor landing, double glazed window to side aspect, fitted storage cupboard, loft access, doors to all bedrooms, bathroom and shower room.

Bedroom One 14' 3" max x 10' 5" ( 4.34m max x 3.17m )
Double glazed window to front aspect, vanity sink unit, picture rail, radiator.

Bedroom Two 14' 2" max x 9' 3" ( 4.32m max x 2.82m )
Double glazed window to rear aspect, vanity sink unit, picture rail, radiator.

Bedroom Three 10' 3" x 7' 6" ( 3.12m x 2.29m )
Double glazed window to front aspect, picture rail, radiator.

Bathroom 
Double glazed window to side aspect, suite comprising bath, low level wc, wash hand basin, part tiled walls, vinyl flooring.

Shower Room 
Double glazed window to rear aspect, suite comprising shower cubicle with electric shower, pedestal sink, picture rail, vinyl flooring, extractor fan, chrome heated towel rail.

External 
The property sits elevated from the road with a mature garden and pathway leading to the front. The property offers wrap around gardens with hard standing to the side and mature garden to the rear with beds and borders with access to the garage which is accessed via Glebe Road.

DIRECTIONS
Proceed out of Norwich via the Unthank Road where the property will be located on the junction of Glebe Road.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Norwich, Unthank Road

01603 361982

Next Steps?

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