3 Bed Terraced House, Refurb/BRRR, Norwich, NR3 4PN, £380,000

Beaconsfield Road, Norwich, NR3 4PN - 3 views - 3 months ago

Sold STC
Leasehold
Refurb/BRRR
~93 m²
+18 photos

ValuationOvervalued

Sold Prices£158.5K - £495K
Sold Prices/m²£1.8K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.1K/m²

Value Estimate

£250,102

 

 

End Value (After Refurb)

£275,313

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£95,000

Stamp Duty & Legal Fees

£19,100

Refurb Costs

£42,000

Bridging Loan Interest

£9,975

Total Cash In

£167,825

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,313

Mortgage (After Refinance)

£206,484

Mortgage LTV

75%

Cash Left In

£167,825

Equity

£68,828

Rent Range

£900 - £1,500

Rent Estimate

£1,176

Running Costs/mo

£1,116

Cashflow/mo

£60

Cashflow/yr

£725

ROI

0%

Gross Yield

4%

Local Sold Prices

50 sold prices from £158.5K to £495K, average is £213.8K. £1.8K/m² to £4.6K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£190K06/210.02 mi41, Knowsley Road, Norwich, Norfolk NR3 4PR3
£205K04/210.02 mi31, Knowsley Road, Norwich, Norfolk NR3 4PR3
£185K04/210.02 mi47, Knowsley Road, Norwich, Norfolk NR3 4PR3
£220K05/230.02 mi5, Knowsley Road, Norwich, Norfolk NR3 4PR3
£203K06/210.05 mi31, Churchill Road, Norwich, Norfolk NR3 4PX3
£285K11/230.05 mi79a, Churchill Road, Norwich, Norfolk NR3 4PX3
£275K01/210.05 mi3, Churchill Road, Norwich, Norfolk NR3 4PX3
£207K03/210.06 mi41, Marlborough Road, Norwich, Norfolk NR3 4PH3
£200K04/210.06 mi51, Churchill Road, Norwich, Norfolk NR3 4PX3
£189K02/210.06 mi70, Spencer Street, Norwich, Norfolk NR3 4PD3
£163K11/200.06 mi79, Spencer Street, Norwich, Norfolk NR3 4PD3
£211K11/200.06 mi49, Marlborough Road, Norwich, Norfolk NR3 4PH3
£235K04/230.07 mi16, Churchill Road, Norwich, Norfolk NR3 4PY3
£232.4K10/210.08 mi99, Spencer Street, Norwich, Norfolk NR3 4PE3
£250K12/220.08 mi93, Spencer Street, Norwich, Norfolk NR3 4PE3
£210K07/230.1 mi56, Magdalen Road, Norwich, Norfolk NR3 4AQ3
£240K07/230.11 mi111, Spencer Street, Norwich, Norfolk NR3 4PF3
£230K11/200.11 mi42, Spencer Street, Norwich, Norfolk NR3 4PA3
£335K11/230.11 mi41, Spencer Street, Norwich, Norfolk NR3 4PA3
£253K05/210.12 mi23, Northcote Road, Norwich, Norfolk NR3 4QF3
£159.5K04/230.13 mi51, Guernsey Road, Norwich, Norfolk NR3 1JJ3
£158.5K01/210.13 mi13, Guernsey Road, Norwich, Norfolk NR3 1JJ3
£215K11/200.13 mi22, Guernsey Road, Norwich, Norfolk NR3 1JJ3
£205K11/210.13 mi32, Stacy Road, Norwich, Norfolk NR3 1JN3
£225K11/210.14 mi23, Clarke Road, Norwich, Norfolk NR3 1JL3
£245K12/220.14 mi28, Clarke Road, Norwich, Norfolk NR3 1JL3
£201K04/210.14 mi123, Knowsley Road, Norwich, Norfolk NR3 4PT3
£220K05/230.14 mi159, Knowsley Road, Norwich, Norfolk NR3 4PT3
£210K01/210.14 mi123, Beaconsfield Road, Norwich, Norfolk NR3 4AB3
£177.5K03/210.14 mi167, Beaconsfield Road, Norwich, Norfolk NR3 4AB3
£259K02/230.14 mi32, Northcote Road, Norwich, Norfolk NR3 4QF3
£255.3K01/230.14 mi172, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£215K02/210.14 mi82, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£212.5K01/230.14 mi136, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£195K02/230.14 mi134, Beaconsfield Road, Norwich, Norfolk NR3 4PP3
£265K10/230.14 mi133, Churchill Road, Norwich, Norfolk NR3 4PZ3
£215K11/230.14 mi95, Churchill Road, Norwich, Norfolk NR3 4PZ3
£187.5K01/210.14 mi99, Churchill Road, Norwich, Norfolk NR3 4PZ3
£192K07/230.14 mi98, Churchill Road, Norwich, Norfolk NR3 4PZ3
£200K01/230.14 mi34, Clarke Road, Norwich, Norfolk NR3 1JL3
£265K08/230.15 mi73, Marlborough Road, Norwich, Norfolk NR3 4PL3
£185K11/200.15 mi158, Marlborough Road, Norwich, Norfolk NR3 4PJ3
£195K04/210.15 mi46, Sprowston Road, Norwich, Norfolk NR3 4QN3
£175K10/210.15 mi23, Shipstone Road, Norwich, Norfolk NR3 1JZ3
£221.5K03/230.15 mi11, Shipstone Road, Norwich, Norfolk NR3 1JZ3
£173.7K11/200.15 mi38, Sprowston Road, Norwich, Norfolk NR3 4QN3
£265K12/220.15 mi150, Marlborough Road, Norwich, Norfolk NR3 4PJ3
£270K01/230.16 mi50, Sprowston Road, Norwich, Norfolk NR3 4QN3
£495K04/220.16 mi108, Magdalen Road, Norwich, Norfolk NR3 4AN3
£290K11/210.16 mi97, Magdalen Road, Norwich, Norfolk NR3 4LB3

Local Rents

50 rents from £900/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.06 miMarlborough Road, Norwich, NR33
£90006/240.07 miBeaconsfield Road, Norwich, 3
£1,10009/240.07 miBeaconsfield Road, Norwich, 3
£1,40001/250.07 mi-3
£1,30006/240.07 miChurchill Road, NR3 4PY3
£1,05006/240.07 miMagdalen Road, Norwich, Norfolk, NR33
£1,10006/240.08 miSpencer Street, Norwich, NR3 4PE3
£1,40006/240.1 miSpencer Street, Norwich, NR33
£95006/240.12 miWall Lane, Norwich, Norfolk, NR33
£1,10002/250.12 mi-3
£1,15006/240.12 miNorthcote Road, NORWICH3
£1,10006/240.13 miStacy Road, Norwich, NR33
£1,10007/240.13 miStacy Road, Norwich, NR33
£1,15007/240.14 miChurchil Road, Norwich3
£1,10011/240.14 mi-3
£99507/240.15 mi-3
£1,20007/240.15 miWodehouse Street3
£97506/240.15 mi-3
£1,30006/240.15 miMagpie Road, NORWICH3
£1,20006/240.15 miMagpie Road, Norwich3
£1,20007/240.15 miMagpie Road, Norwich3
£1,20007/240.15 miMagpie Road, Norwich3
£97506/240.15 miMagpie Road,Norwich,NR33
£1,09506/240.17 mi-3
£1,25007/240.17 miWodehouse Street, Norwich3
£1,20006/240.2 miMagdalen Street, Norwich3
£99502/250.21 mi-3
£1,29008/240.21 mi-3
£1,45012/240.21 mi-3
£1,15003/250.21 mi-3
£95008/240.21 miWaterloo Road, Norwich3
£1,25001/250.21 mi-3
£1,40006/240.22 miSilver Street, NR3 4TU3
£90001/250.22 mi-3
£1,10006/240.23 miWaterloo Road, Norwich, NR33
£1,10001/250.23 mi-3
£1,10006/240.23 miEsdelle Street, Norwich3
£1,15008/240.24 miBell Road, Norwich, NR33
£1,20009/240.24 miNorwich3
£1,50007/240.28 miBuxton Road, Norwich3
£1,05003/240.29 miSilver Road,Norwich,NR33
£1,37507/240.29 miStonemasons Court, Norwich, NR33
£1,37507/240.29 mi-3
£1,30006/240.31 miSt. Augustines Gate, Norwich, Norfolk, NR33
£1,35006/240.32 miLadysmith Road, Norwich3
£1,00007/240.33 miEade Road3
£1,30008/240.34 miAngel Road, Norwich, Norfolk, NR33
£1,40005/240.34 mi-3
£92512/230.36 mi-3
£1,15008/240.38 miNorth Norwich3

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.25 miles away

Nearest school

0.10 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £380,000

January 17, 2025

Floor Plans

Description

  • Guide price £380,000 - £400,000 +
  • Traditional mid-terrace a short distance away from Norwich city centre +
  • Suitable option for families or couples looking to live within a central location, with no renovation work required +
  • Original stripped wooden flooring and high ceilings, preserving the properties original features +
  • Open-plan sitting/dining room, suitable for relaxation and entertainment +
  • Well-equipped kitchen with new modern fixtures and fittings +
  • Ground floor shower room fitted with a new suite +
  • Three bedrooms & a family bathroom +
  • Well-maintained garden that is fully enclosed for privacy +
  • Prime location just a short walk away from the city centre's amenities and transport +

Guide price £380,000 - £400,000 Positioned in a prime location on the outer skirts of Norwich city centre, this traditional mid-terrace residence retains its original charm with stripped wooden flooring and high ceilings, with contemporary upgrades that suits todays modern lifestyle. It presents the perfect opportunity for couples or families looking for central location, with no renovation work required. Don’t miss the chance to acquire this stunning residence and experience all it has to offer. Location Norwich NR3 is a vibrant area located to the north of the city centre in Norwich, Norfolk. It is a mix of residential, commercial, and recreational spaces, making it a popular choice for both families and young professionals. The area offers good local amenities, including schools, parks, and shops, while still being close to the bustling city centre. The proximity to Norwich's historic landmarks, such as Norwich Castle and the beautiful riverside, makes NR3 an appealing place to live. Public transport links are also well-established, ensuring easy access to other parts of the city and beyond. Beaconsfield Road

Upon entering the home, you are greeted by the inviting open-plan sitting/dining room, offering a versatile space that is well-suited for relaxation, socialising, or entertainment. The bay window floods the room with an abundance of natural light, creating a warm and inviting ambience.

The kitchen is well-equipped with new fixtures and fittings, offering ample amount of storage and counter-top space for meal preparation. It blends functionality with a contemporary style to suit a busy modern lifestyle. Adjacent to the kitchen, a convenient ground floor shower room has been fitted with a new suite, providing a comfortable and practical amenity for the household.

Ascending the staircase, three bedrooms await on the upper level, each thoughtfully designed to offer relaxation and privacy. The main bedroom flaunts a large window, flooding the room with an abundance of natural light. It has the versatility to be a dressing room, playroom or a home office, depending on your own requirements. A modern family bathroom completes the upper floor, ensuring convenience for residents and guests alike.

Towards the rear is low maintenance garden that is primarily paved, bordered by planted beds and shrubbery. The patio is suitable for your outdoor seating arrangements during the summer months. The addition of a wooden shed is ideal for storing your garden equipment and tools. Overall, it is fully enclosed so you can enjoy in seclusion. Agents Notes
**
We understand that this property is freehold.** Connected to mains water, electricity, gas and drainage. Heating system - Gas central heating. Permit parking available - Approximately £100 a year. Underfloor heating in the kitchen. Council Tax Band: B 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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