2 Bed Terraced House, Single Let, Norwich, NR3 4PL, £250,000

59 Marlborough Road, Norwich - NR3 4PL - 3 months ago

Sold STC
Leasehold
BTL
~80 m²
+18 photos

ValuationOvervalued

Sold Prices£163K - £305K
Sold Prices/m²£2.4K/m² - £4.1K/m²

 

 

Square Metres

~80.36 m²
Price/m²£3.1K/m²

Value Estimate

£245,021

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£13,700

Total Cash In

£76,200

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£888

Running Costs/mo

£979

Cashflow/mo

£-91

Cashflow/yr

£-1,090

Gross Yield

4%

Local Sold Prices

50 sold prices from £163K to £305K, average is £215.5K. £2.4K/m² to £4.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£219K10/230.04 mi121, Marlborough Road, Norwich, Norfolk NR3 4PL2
£210K11/200.04 mi87, Marlborough Road, Norwich, Norfolk NR3 4PL2
£240K12/220.04 mi103, Marlborough Road, Norwich, Norfolk NR3 4PL2
£189K02/210.04 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£230K08/230.05 mi176, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£225K01/210.05 mi80, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£235K05/230.05 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£163K03/210.05 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£253K10/230.05 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£195K07/210.06 mi97, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£240K10/230.06 mi129, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£206.5K09/210.06 mi105, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£220K12/200.06 mi127, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£216K03/230.06 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£230K12/200.07 mi47, Wodehouse Street, Norwich, Norfolk NR3 4TY2
£210K07/210.08 mi155, Knowsley Road, Norwich, Norfolk NR3 4PT2
£185K02/210.08 mi78, Wodehouse Street, Norwich, Norfolk NR3 4TZ2
£201K04/210.08 mi123, Knowsley Road, Norwich, Norfolk NR3 4PT2
£192.5K02/210.1 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£168K07/230.1 mi30, Beaconsfield Road, Norwich, Norfolk NR3 4PW2
£183.5K11/210.1 mi96, Spencer Street, Norwich, Norfolk NR3 4PE2
£237.6K01/230.11 mi45, Knowsley Road, Norwich, Norfolk NR3 4PR2
£248K12/210.11 mi61, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£245K02/240.11 mi5, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£235K12/210.11 mi122, Churchill Road, Norwich, Norfolk NR3 4PZ2
£200K01/210.11 mi105, Churchill Road, Norwich, Norfolk NR3 4PZ2
£192K01/210.11 mi57, Knowsley Road, Norwich, Norfolk NR3 4PR2
£203.5K11/200.12 mi58, Knowsley Road, Norwich, Norfolk NR3 4PS2
£232K06/230.12 mi6, Knowsley Road, Norwich, Norfolk NR3 4PS2
£249.5K06/230.12 mi56, Knowsley Road, Norwich, Norfolk NR3 4PS2
£190.3K06/230.13 mi77, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£240K10/220.13 mi82, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£230K08/230.14 mi107, Spencer Street, Norwich, Norfolk NR3 4PF2
£245K04/230.14 mi118, Spencer Street, Norwich, Norfolk NR3 4PF2
£200K05/230.14 mi40, Silver Road, Norwich, Norfolk NR3 4TB2
£207.5K12/200.14 mi114, Spencer Street, Norwich, Norfolk NR3 4PF2
£250K03/240.15 mi6, Churchill Road, Norwich, Norfolk NR3 4PY2
£225K02/240.15 mi44, Churchill Road, Norwich, Norfolk NR3 4PY2
£205K12/230.15 mi14, Churchill Road, Norwich, Norfolk NR3 4PY2
£204.1K03/210.15 mi48, Churchill Road, Norwich, Norfolk NR3 4PY2
£215K02/240.15 mi58, Churchill Road, Norwich, Norfolk NR3 4PY2
£190K12/200.15 mi40, St Olaves Road, Norwich, Norfolk NR3 4QB2
£206.5K12/230.15 mi26, Morley Street, Norwich, Norfolk NR3 1ND2
£190K12/200.18 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£305K09/230.18 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£188K01/210.19 mi17, Northcote Road, Norwich, Norfolk NR3 4QF2
£240K09/230.19 mi17, Northcote Road, Norwich, Norfolk NR3 4QF2
£200K01/210.19 mi47, Northcote Road, Norwich, Norfolk NR3 4QF2
£228K12/220.2 mi41a, Crome Road, Norwich, Norfolk NR3 4RG2
£265K01/230.2 mi23, Cowgate, Norwich, Norfolk NR3 1SZ2

Local Rents

48 rents from £825/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£87507/240.08 miWodehouse Street, Norwich, NR32
£1,10001/250.08 mi-2
£1,10007/240.08 miWodehouse Street, Norwich, Norfolk, NR32
£95001/250.09 mi-2
£1,10008/240.09 miMarlborough Road, Norwich, Norfolk, NR32
£99506/240.09 miKnowsley Road, Norwich2
£1,15007/240.1 miBeaconsfield Road, NR32
£1,25003/250.1 mi-2
£89506/240.1 miNorth City2
£1,10006/240.11 miNorwich, NR32
£1,25012/240.11 mi-2
£1,20008/240.12 miBeaconsfield Road2
£90006/240.13 miBull Close Road, NORWICH2
£1,15007/240.13 miChurchill Road, Norwich2
£1,15006/240.13 miSilver Street, NR32
£95006/240.13 miSilver Street, Norwich, NR32
£1,15008/240.13 miSilver Street, Norwich2
£1,15009/240.13 miSilver Street, Norwich2
£95008/240.13 miSilver Road, Norwich, Norfolk, NR32
£1,05007/240.14 miSpencer Street, Norwich, NR32
£1,25008/240.15 miSt. Olaves Road, Norwich, NR32
£1,00008/240.15 miSpencer Street, Norwich, Norfolk, NR32
£1,05006/240.16 miMorley Street, Norwich2
£1,10006/240.16 miSpencer Street, NORWICH2
£1,25006/240.17 miMagdalen Road, Norwich, 2
£1,20007/240.17 miBull Close, NORWICH2
£99506/240.18 miSilver Road, Norwich, Norfolk, NR32
£82506/240.18 miYarn Mews, Norwich2
£99503/240.18 mi-2
£90009/240.18 miMagpie Road2
£99506/240.19 mi-2
£95006/240.19 miNorthcote Road, Norwich2
£1,05006/240.19 miNorthcote Road2
£1,30006/240.2 miSt James Quay, Norwich, NR32
£99507/240.21 miMagpie Road, Norwich2
£95006/240.21 miCross Keys Yard2
£95007/240.21 miCross Keys Yard2
£1,20006/240.21 miMagdalen Street, Norwich2
£1,29507/240.21 mi-2
£1,29405/240.21 mi-2
£1,29404/250.21 mi-2
£1,30006/240.21 miCowgate, Norwich, NR32
£89506/240.22 miGuernsey Road, Norwich2
£95010/240.22 mi-2
£99507/240.22 miSprowston Road, Norwich2
£1,00006/240.22 miClarke Road, Norwich, NR32
£1,05006/240.23 miWillis Street, Norwich2
£95008/240.23 miWillis Street, NORWICH2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.35 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £250,000

January 15, 2025

Floor Plans

Description

    • Guide price : £250,000 - £260,000 * +
  • Two-bedroom mid-terrace house +
  • Built-in cupboards in both bedrooms for storage +
  • Kitchen with built-in cupboards and ample counter space +
  • Two bathrooms, one on each floor for convenience +
  • Double-glazed windows +
  • Radiator heating throughout the property +
  • Enclosed rear garden +
  • Parking space available along with a garage +
  • Close to local amenities +

* Guide price £250,000 - £260,000 * Welcome to this 2-bedroom mid-terraced house that is set apart from other properties in the area, located in a convenient area with easy access to transport links to Norwich city centre and surrounding areas. Offering a comfortable living space, it features practical storage, a well-equipped kitchen, and a garage with a parking space. The property also has an ensuite in addition to the family bathroom. With its modern amenities and functional layout, this property is ideal for those looking for a well-connected and practical home. Location This well-established residential street is known for its characterful homes and easy access to local amenities. Situated just a short distance from the city centre, residents enjoy easy access to a variety of shops, restaurants, and leisure facilities. The area is well-served by public transport, with bus routes connecting to key parts of Norwich. The property is also a short walk to the train station, in addition to the existing transport links. Local schools, such as Magdalen Gates Primary, are within walking distance, making it a convenient location for families. Marlborough Road, Norwich

As you step through the porch, you are greeted by a cosy lounge area with built-in cupboards, providing ample storage for your belongings. The adjacent dining room offers a designated space for family meals and entertaining guests, creating a seamless flow from one room to the next.

The well-equipped kitchen boasts built-in cupboards and ample counter space, allowing you to prepare meals with ease. A bathroom on this floor features a bath with an overhead shower attachment, adding convenience to your daily routine.

Upstairs, you will find two bedrooms, both with built-in cupboards offering additional storage options. The second bedroom benefits from an ensuite with a shower, providing privacy and comfort for guests or family members staying over.

Throughout the property, double-glazed windows and radiator heating ensure a comfortable living environment all year round. The property features an enclosed rear garden that gets plenty of sun. It also benefits from a garage and a parking space, ensuring secure and convenient parking options. Agents notes We understand the property will be sold freehold, connected to mains services water electricity, gas and drainage. Heating system -Gas central heating Parking permit Council Tax Band- A Disclaimer Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.

Agent Details

Minors & Brady, Unthank Road, Norwich

01603 361808

Next Steps?

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