3 Bed Bungalow, Single Let, Norwich, NR5 0BA, £230,000

5 Glenda Close, NR5 0BA - 2 months ago

BTL
ROI: 4%
111 m²
+4 photos

ValuationUndervalued

Sold Prices£168K - £425K
Sold Prices/m²£1.6K/m² - £5.2K/m²

 

 

Square Metres

111 m²
Price/m²£2.1K/m²

Value Estimate

£278,300
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£12,700

Total Cash In

£70,200

 

 

Cash Out

 

Rent Range

£950 - £1,600

Rent Estimate

£1,190

Running Costs/mo

£977

Cashflow/mo

£213

Cashflow/yr

£2,559

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £168K to £425K, average is £259K. £1.6K/m² to £5.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£195K11/200.01 mi33, Glenda Close, Norwich, Norfolk NR5 0BA3
£190K02/210.03 mi21, Glenda Crescent, Norwich, Norfolk NR5 0AZ3
£270K05/230.07 mi22, Glenda Road, Norwich, Norfolk NR5 0AX3
£280K02/210.07 mi21, Glenda Road, Norwich, Norfolk NR5 0AX3
£300K05/240.08 mi186, Norwich Road, Norwich, Norfolk NR5 0EW3
£242K05/230.09 mi14, Valley Road, Norwich, Norfolk NR5 0BH3
£224K08/210.15 mi158, Norwich Road, Norwich, Norfolk NR5 0EH3
£370K12/210.15 mi25, Northview Road, Norwich, Norfolk NR5 0BG3
£293K09/210.16 mi87, Olive Road, Norwich, Norfolk NR5 0AP3
£330K11/220.17 mi9, Beaumont Road, Norwich, Norfolk NR5 0HQ3
£240K12/220.19 mi84, Gunton Lane, Norwich, Norfolk NR5 0AG3
£258K02/210.19 mi3, Hendon Close, Norwich, Norfolk NR5 0EL3
£265K07/240.19 mi13, Hendon Close, Norwich, Norfolk NR5 0EL3
£226K02/230.2 mi138, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£175K03/210.21 mi160, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£240K04/210.21 mi246, Norwich Road, Norwich, Norfolk NR5 0LQ3
£216K03/230.21 mi146, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£320K05/230.21 mi26, Ruskin Road, New Costessey, Norwich, Norfolk NR5 0LL3
£255K12/230.21 mi8, Oval Road, Norwich, Norfolk NR5 0DE3
£280K11/230.21 mi9, Oval Road, Norwich, Norfolk NR5 0DE3
£175K03/210.21 mi160, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£235.6K01/230.22 mi29, Oval Road, Norwich, Norfolk NR5 0DF3
£203K03/230.22 mi100, Gunton Lane, Norwich, Norfolk NR5 0AG3
£266K12/200.24 mi44, Oval Road, Norwich, Norfolk NR5 0DG3
£240K07/210.24 mi35, Sunny Close, Norwich, Norfolk NR5 0ET3
£315K08/240.25 mi15, Kabin Road, Norwich, Norfolk NR5 0LW3
£345K02/230.25 mi18, Kabin Road, Norwich, Norfolk NR5 0LW3
£288K12/200.26 mi113, Olive Road, Norwich, Norfolk NR5 0AN3
£192.5K02/210.26 mi14, Kabin Road, Norwich, Norfolk NR5 0LN3
£290K07/240.28 mi5, Woodhill Rise, Norwich, Norfolk NR5 0DD3
£260K11/230.28 mi15, Woodhill Rise, Norwich, Norfolk NR5 0DD3
£280K01/230.28 mi42, Woodhill Rise, Norwich, Norfolk NR5 0DN3
£267.5K02/210.28 mi59, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£325K02/230.29 mi8, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£260K03/240.29 mi45, Crown Road, New Costessey, Norwich, Norfolk NR5 0ES3
£290K12/220.3 mi16, Oval Avenue, Norwich, Norfolk NR5 0DP3
£270K09/220.3 mi25, Hawthorn Road, Norwich, Norfolk NR5 0LP3
£171K06/210.33 mi44, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£185K01/240.33 mi39, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£255K11/230.33 mi5, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£220K01/240.33 mi20, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£181K02/210.34 mi45, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£362.5K10/230.34 mi88, Norwich Road, Norwich, Norfolk NR5 0EG3
£220K04/240.34 mi18, Winsford Way, Norwich, Norfolk NR5 0DH3
£184K02/210.34 mi11, Winsford Way, Norwich, Norfolk NR5 0DH3
£192K03/240.34 mi10, Winsford Way, Norwich, Norfolk NR5 0DH3
£168K02/240.34 mi21, Winsford Way, Norwich, Norfolk NR5 0DH3
£425K03/210.34 mi1a, Autumn Drive, Norwich, Norfolk NR5 0EE3
£310K08/230.37 mi18, Gurney Close, Norwich, Norfolk NR5 0HB3
£317.5K11/210.39 mi3, George Lowe Close, New Costessey, Norwich, Norfolk NR5 0NS3

Local Rents

13 rents from £950/mo to £1.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35005/230.06 mi-3
£1,49501/240.06 mi-3
£1,39502/250.15 mi-3
£1,32506/240.21 miOlive Road, Norwich3
£1,30012/240.41 miKnowland Grove, NORWICH3
£1,30012/240.45 miNorwich Road, Norwich3
£1,35012/240.45 mi-3
£1,40001/250.45 mi-3
£1,28002/250.45 mi-3
£1,10012/240.52 mi-3
£1,45006/240.53 miDereham Road, Norwich, NR53
£1,60012/240.58 miLushington Close, Norwich3
£95006/240.59 miBeecheno Road, NORWICH3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.40 miles away

Nearest school

0.40 miles away

Nearest train station

3.30 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £230,000

March 12, 2025

Listed for £235,000

January 17, 2025

Floor Plans

Description

  • LINK DETACHED BUNGALOW +
  • THREE BEDROOMS +
  • EN BLOC GARAGE +
  • HIDDEN LOCATION +

TUCKED AWAY IN A HIDDEN LOCATION Gilson Bailey are delighted to offer this LARGE, THREE BEDROOM, LINK DETACHED BUNGALOW situated in a quiet cul-de-sac in the sought after suburb of Costessey. Accommodation comprising entrance hall, lounge, kitchen, THREE BEDROOMS and bathroom. Outside there is an EN-BLOC GARAGE and an enclosed rear garden. The bungalow benefits from double glazing, gas heating and is in excellent condition throughout. The property would make a great first time purchase so be quick to book a viewing.

Location - Costessey can be found to the west of Norwich with a selection of amenities including good primary and secondary schooling, selection of shops, popular local pubs and restaurants, also good access to the University of East Anglia, University Hospital, A47 Southern Bypass and good public transport links in and out of the city centre.

Accommodation Comprises - Front door to:

Entrance Hall - Doors to lounge and rear garden.

Lounge - 4.67 x 3.69 (15'3" x 12'1") - Two double glazed windows, radiator.

Kitchen - 2.70 x 2.54 (8'10" x 8'3") - Fitted wall and base units with worktops over, sink and drainer, space for Range Cooker and fridge/freezer, double glazed window.

Bedroom One - 3.78 x 3.70 (12'4" x 12'1") - Double glazed window, radiator.

Bedroom Two - 2.72 x 2.28 (8'11" x 7'5") - Double glazed window, radiator.

Bedroom Three - 2.73 x 2.28 (8'11" x 7'5") - Double glazed window, radiator.

Bathroom - 2.04 x 1.80 (6'8" x 5'10") - Panelled bath with shower over, low level WC, hand wash basin, radiator, frosted double glazed window.

Outside - Enclosed lawned garden with patio seating area and en-bloc garage.

Local Authority - South Norfolk District Council, Tax Band B.

Tenure - Freehold

Utilities - Superfast fibre broadband available.
Mains water and electric.

Agent Details

Gilson Bailey, Norwich

01603 361812

Next Steps?

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