3 Bed Detached House, Refurb/BRRR, Norwich, NR4 7LB, £500,000

Poplar Avenue, Norwich, Norfolk, NR4 7LB - 2 views - 3 months ago

Refurb/BRRR
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£190K - £575K
Sold Prices/m²£2.5K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£5.4K/m²

Value Estimate

£309,405

 

 

End Value (After Refurb)

£410,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£42,000

Bridging Loan Interest

£13,125

Total Cash In

£210,575

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£410,000

Mortgage (After Refinance)

£307,500

Mortgage LTV

75%

Cash Left In

£210,575

Equity

£102,500

Rent Range

£1,095 - £2,000

Rent Estimate

£1,557

Running Costs/mo

£1,613

Cashflow/mo

£-56

Cashflow/yr

£-668

Gross Yield

4%

Local Sold Prices

50 sold prices from £190K to £575K, average is £315K. £2.5K/m² to £5.4K/m², average is £3.6K/m².

PriceDateDistanceAddressBeds 
£445K06/210.1 mi6, Bluebell Road, Norwich, Norfolk NR4 7LF3
£350K11/200.12 mi13, Leng Crescent, Norwich, Norfolk NR4 7NX3
£315K08/210.16 mi24, Leng Crescent, Norwich, Norfolk NR4 7NY3
£315K11/210.17 mi11, Norvic Drive, Norwich, Norfolk NR4 7NN3
£264.5K03/240.17 mi22, Norvic Drive, Norwich, Norfolk NR4 7NN3
£330K11/230.17 mi46, Norvic Drive, Norwich, Norfolk NR4 7NN3
£325K02/230.17 mi36, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K11/230.17 mi9, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K09/230.17 mi35, Norvic Drive, Norwich, Norfolk NR4 7NN3
£327K09/220.17 mi13, Norvic Drive, Norwich, Norfolk NR4 7NN3
£345K05/230.17 mi45, Norvic Drive, Norwich, Norfolk NR4 7NN3
£301K05/210.17 mi1, Bek Close, Norwich, Norfolk NR4 7NT3
£425K10/230.21 mi9, Nutfield Close, Norwich, Norfolk NR4 6PF3
£262K06/210.22 mi9, Havant Close, Norwich, Norfolk NR4 6NP3
£363K10/230.23 mi48, Leng Crescent, Norwich, Norfolk NR4 7NY3
£375K11/220.23 mi27, Leng Crescent, Norwich, Norfolk NR4 7NY3
£400K11/220.23 mi23, Parsons Mead, Norwich, Norfolk NR4 6PG3
£460K08/240.23 mi41, Parsons Mead, Norwich, Norfolk NR4 6PG3
£410K04/210.28 mi16, Greenways, Norwich, Norfolk NR4 6PE3
£200K07/210.29 mi18, Rugge Drive, Norwich, Norfolk NR4 7NJ3
£220K11/210.29 mi82, Leng Crescent, Norwich, Norfolk NR4 7NZ3
£246.8K05/240.3 mi43, Rugge Drive, Norwich, Norfolk NR4 7NP3
£300K12/220.3 mi1, Wren Close, Norwich, Norfolk NR4 7NR3
£370K10/230.33 mi41, Ebbisham Drive, Norwich, Norfolk NR4 6HQ3
£270K06/210.33 mi1, Osborne Road, Norwich, Norfolk NR4 7BN3
£360K12/220.36 mi9, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£330K11/230.36 mi12, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£315K11/230.37 mi6, Pyrford Drive, Norwich, Norfolk NR4 6HB3
£271K07/210.37 mi16, Merrow Gardens, Norwich, Norfolk NR4 6HH3
£385K12/220.38 mi7, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£290K07/230.38 mi13, Nasmith Road, Norwich, Norfolk NR4 7BH3
£228K02/210.38 mi55, Peckover Road, Norwich, Norfolk NR4 7BP3
£230K04/210.39 mi51, Pettus Road, Norwich, Norfolk NR4 7BY3
£190K03/210.39 mi13, Amderley Drive, Norwich, Norfolk NR4 6HY3
£300K04/240.39 mi3, Amderley Drive, Norwich, Norfolk NR4 6HY3
£255K03/240.4 mi82, Nasmith Road, Norwich, Norfolk NR4 7BJ3
£300K12/220.41 mi5, Sumpter Road, Norwich, Norfolk NR4 7BX3
£500K01/230.43 mi45, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£252.5K11/230.43 mi17, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£300K06/210.43 mi35, Amderley Drive, Norwich, Norfolk NR4 6HZ3
£575K04/210.45 mi16, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UE3
£285K12/230.46 mi17, Wakehurst Close, Norwich, Norfolk NR4 6JL3
£318K06/230.46 mi51, Wakehurst Close, Norwich, Norfolk NR4 6JL3
£390K10/230.46 mi3, Harmer Crescent, Norwich, Norfolk NR4 7RX3
£369K06/230.47 mi19, Kingswood Close, Norwich, Norfolk NR4 6JF3
£273K03/240.47 mi7, Kingswood Close, Norwich, Norfolk NR4 6JF3
£450K09/210.47 mi7, Harmer Lane, Norwich, Norfolk NR4 7RT3
£315K09/210.48 mi28, Buckland Rise, Norwich, Norfolk NR4 6EZ3
£275K03/210.48 mi78, Buckland Rise, Norwich, Norfolk NR4 6EZ3
£380K06/230.48 mi40, Buckland Rise, Eaton, Norwich, Norfolk NR4 6EZ3

Local Rents

16 rents from £1.1K/mo to £2K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,40006/240.17 miNorvic Drive, NR43
£1,55012/240.17 miNorvic Drive, NORWICH3
£1,20012/240.22 miHavant Close, NORWICH3
£1,30001/240.28 miLeng Crescent, Norwich3
£1,45012/240.34 mi-3
£1,40012/240.35 miEbbisham Drive, Norwich3
£1,55012/240.39 mi-3
£1,47512/240.39 mi-3
£1,09512/240.43 miIntwood Road, Cringleford, Norwich, NR43
£1,90006/240.43 mi-3
£2,00006/240.43 mi-3
£2,00003/250.43 mi-3
£1,80006/240.45 miBrentwood, Norwich, NR43
£1,55012/240.53 miLamb Lane, Cringleford3
£1,25012/240.57 mi-3
£1,99512/240.6 miCringleford, Norwich3

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

2.67 miles away

Nearest school

0.50 miles away

Nearest train station

2.60 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £500,000

January 10, 2025

Floor Plans

Description

  • Individually Designed Home +
  • In Need Of Updating Throughout +
  • Ideal For Any Growing Family Wanting To Put Their Own Stamp On A Home +
  • Potential For Further Expansion (STP) +
  • Sizeable Living Room & Separate Dining Room +
  • Three Well Proportioned Bedrooms +
  • Well Kept & Private Rear Garden +
  • Ample Off Road Parking & Garage +
  • Highly Sought After Location Off Newmarket Road +
  • Private Road With Just A Handful Of Other Select Homes +

This three bedroom individually designed home is quietly located on one of Norwich's most sought after roads! In need of updating throughout this is the perfect opportunity for any family looking to put their own stamp on their forever family home.

Poplar Avenue is a private road situated off Newmarket Road. home to just a handful of exclusive and unique homes, this property's location is sure to appeal.

As you approach this home you are greeted by a two veichle car port which provides off road parking. You will also find a garage which provides ample storage & potential for expansion of the living space (STP).

The entrance hall leads you into the living room which is a tremendous size stretching the length of the property. Measuring over 21ft this room is ideal for any growing family & boasts a double aspect as well as patio doors with views down the private rear garden ensuring this room is always filled with natural light. The formal dining room can also be found off the entrance hall and is the perfect space for those who like to entertain, again boasting a dual aspect. The kitchen is found to the at the end of the entrance hall and offers further dining space as well as plenty of both storage and workspace. The utility room/W/C provides space for all necessary white goods as well as a further storage cupboard, rounding off the ground floor accommodation.

The first floor continues to impress, home to three well proportioned bedrooms all found off landing. Bedroom one is an excellent size measuring over 15ft in width and is home to an en-suite shower room. Bedrooms two & three are both comfortable double rooms with bedroom three comprising of built in storage/cupboard space which would also make for an excellent office or study. The family bathroom comprises of a well kept three piece suite completing the internal accommodation on offer with this impressive home!

The outdoor space on offer continues to impress, the private rear garden is laid to lawn & surrounded by mature borders, again perfect for any family! The garden offers a naturally sunny aspect and further potential to expand the already sizeable living space.

A truly unique home situated in one of Norwich's most sought after spots this property is perfect for any family looking for their own private haven that they can make their own! A true hidden gem in every sense and an absolute must see. Book your appointment to view today before missing out.

Council Tax Band - E
Local Authority - Norwich City Council
We have been advised that the property is connected to mains water, electricity and gas.

Winkworth wishes to inform prospective buyers and tenants that these particulars are a guide and act as information only. All our details are given in good faith and believed to be correct at the time of printing but they don’t form part of an offer or contract. No Winkworth employee has authority to make or give any representation or warranty in relation to this property. All fixtures and fittings, whether fitted or not are deemed removable by the vendor unless stated otherwise and room sizes are measured between internal wall surfaces, including furnishings. The services, systems and appliances have not been tested, and no guarantee as to their operability or efficiency can be given.

Agent Details

Winkworth, Eaton

01603 361730

Next Steps?

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