3 Bed Terraced House, Refurb/BRRR, Norwich, NR2 3NN, £300,000

Highland Road, Norwich, NR2 3NN - 4 views - 2 months ago

Leasehold
Refurb/BRRR
~93 m²
+18 photos

ValuationUndervalued

Sold Prices£222K - £720K
Sold Prices/m²£2.7K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£331,500
BMV2%

 

 

End Value (After Refurb)

£369,417

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£42,055

Bridging Loan Interest

£7,875

Total Cash In

£141,380

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£369,417

Mortgage (After Refinance)

£277,063

Mortgage LTV

75%

Cash Released

£52,063

Cash Left In

£89,317

Equity

£92,354

Rent Range

£910 - £1,800

Rent Estimate

£1,319

Running Costs/mo

£1,438

Cashflow/mo

£-119

Cashflow/yr

£-1,431

Gross Yield

5%

Local Sold Prices

50 sold prices from £222K to £720K, average is £351.5K. £2.7K/m² to £6.9K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£228K12/210.02 mi29, Highland Road, Norwich, Norfolk NR2 3NN3
£325K11/230.02 mi36, Highland Road, Norwich, Norfolk NR2 3NN3
£245K12/200.06 mi44, Muriel Road, Norwich, Norfolk NR2 3NZ3
£564K09/210.06 mi65, Christchurch Road, Norwich, Norfolk NR2 3NF3
£267K09/210.07 mi13, Muriel Road, Norwich, Norfolk NR2 3NY3
£256.5K06/230.07 mi13, Muriel Road, Norwich, Norfolk NR2 3NY3
£390K06/210.07 mi47, Meadow Rise Road, Norwich, Norfolk NR2 3QF3
£511.6K12/230.07 mi61, Meadow Rise Road, Norwich, Norfolk NR2 3QF3
£352K01/210.07 mi8, Mornington Road, Norwich, Norfolk NR2 3NB3
£425K10/200.08 mi103, Christchurch Road, Norwich, Norfolk NR2 3NG3
£245K12/230.08 mi105, Highland Road, Norwich, Norfolk NR2 3NW3
£250K08/230.08 mi87, Highland Road, Norwich, Norfolk NR2 3NW3
£455K06/230.09 mi49, Christchurch Road, Norwich, Norfolk NR2 3NE3
£412.4K05/210.1 mi1, Mornington Road, Norwich, Norfolk NR2 3NA3
£515K10/220.1 mi10, Highland Avenue, Norwich, Norfolk NR2 3NP3
£525K01/220.11 mi65, Meadow Rise Road, Norwich, Norfolk NR2 3QF3
£405K06/230.12 mi8, Meadow Rise Avenue, Norwich, Norfolk NR2 3QG3
£583K04/220.12 mi97, Christchurch Road, Norwich, Norfolk NR2 3NG3
£367.5K12/200.12 mi14, Grange Road, Norwich, Norfolk NR2 3NH3
£315K02/240.12 mi2, Grange Road, Norwich, Norfolk NR2 3NH3
£510K07/230.12 mi4, Grange Road, Norwich, Norfolk NR2 3NH3
£425K09/230.15 mi7, Meadow Rise Close, Norwich, Norfolk NR2 3QQ3
£540K01/240.15 mi28g, Jessopp Road, Norwich, Norfolk NR2 3QB3
£407.5K04/210.17 mi33, Jessopp Road, Norwich, Norfolk NR2 3JF3
£511.5K04/230.17 mi43, Jessopp Road, Norwich, Norfolk NR2 3JF3
£390K03/210.18 mi120, Glebe Road, Norwich, Norfolk NR2 3JQ3
£270K02/210.18 mi96, Glebe Road, Norwich, Norfolk NR2 3JQ3
£306K12/220.18 mi94, Glebe Road, Norwich, Norfolk NR2 3JQ3
£315K10/230.18 mi4, Jessopp Road, Norwich, Norfolk NR2 3QA3
£400K10/230.18 mi2, Jessopp Road, Norwich, Norfolk NR2 3QA3
£475K02/210.19 mi109, Glebe Road, Norwich, Norfolk NR2 3JH3
£285K10/230.19 mi143, Glebe Road, Norwich, Norfolk NR2 3JH3
£355K10/210.22 mi7, Caroline Court, Norwich, Norfolk NR4 7EJ3
£535K04/230.22 mi9, Caroline Court, Norwich, Norfolk NR4 7EJ3
£248K07/210.23 mi348, Unthank Road, Norwich, Norfolk NR4 7QD3
£275K01/210.24 mi121, College Road, Norwich, Norfolk NR2 3JP3
£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
£250K11/200.25 mi56, Mile End Road, Norwich, Norfolk NR4 7QX3
£237K03/210.26 mi95, Colman Road, Norwich, Norfolk NR4 7HE3
£375K12/200.27 mi94, Lincoln Street, Norwich, Norfolk NR2 3LB3
£277.5K06/230.27 mi128, Lincoln Street, Norwich, Norfolk NR2 3LB3
£270K01/210.28 mi185a, Unthank Road, Norwich, Norfolk NR2 2PQ3
£222K03/240.28 mi107, Lincoln Street, Norwich, Norfolk NR2 3JZ3
£720K03/230.29 mi120, College Road, Norwich, Norfolk NR2 3JB3
£247K09/210.29 mi125, Lincoln Street, Norwich, Norfolk NR2 3JZ3
£282.5K06/240.29 mi70, Waldeck Road, Norwich, Norfolk NR4 7PQ3
£351K06/230.29 mi53, Waldeck Road, Norwich, Norfolk NR4 7PQ3
£382.5K02/230.29 mi49, Waldeck Road, Norwich, Norfolk NR4 7PQ3

Local Rents

51 rents from £910/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40008/240.02 miHighland Road, NORWICH3
£1,15008/240.04 miSouth City3
£1,23006/240.07 miMuriel Road, Norwich NR2 3NZ3
£1,12503/250.07 mi-3
£1,35006/240.15 miHenley Road, Norwich NR2 3NL3
£99506/240.19 miGlebe Road, Norwich, NR23
£99506/240.19 miGlebe Road, Norwich, NR23
£1,50006/240.21 miJessopp Road, Norwich, Norfolk, NR23
£1,60006/240.22 mi-3
£1,60008/240.24 miCollege Road, Norwich3
£1,50003/250.25 mi-3
£1,20011/240.25 mi-3
£1,20002/250.25 mi-3
£91008/240.27 miLincoln Street, Norwich3
£1,05008/240.29 miSouth West City3
£1,52006/240.29 miLincoln Street, Norwich NR2 3JY4
£1,70007/240.32 miPortland Street, Norwich, Norfolk, NR23
£1,65007/240.32 miPortland Street, NR2 3LE3
£1,45006/240.32 miUpton Road, Norwich, NR43
£1,70007/240.32 miPortland Street, Norwich3
£1,11003/240.32 miPortland Street, Norwich NR2 3LF3
£1,45007/240.32 miPortland Street, Norwich, NR23
£1,45012/240.33 mi-3
£1,70006/240.33 miUpton Road, Norwich, NR43
£1,45012/240.33 mi-3
£1,65012/240.33 mi-3
£1,45012/240.33 mi-3
£1,45012/240.33 mi-3
£1,35006/240.34 miUplands Court, Upton Road, Norwich, NR4 7PH3
£1,20007/240.34 miDover Street, Norwich3
£1,20008/240.34 miDover Street, Norwich3
£1,45006/240.34 miUpton Road, Norwich, NR43
£1,05006/240.34 miDover Street, Norwich, NR23
£1,25007/240.35 miPortersfield Road, Norwich, NR23
£1,20001/120.36 miBury Street,Norwich,NR23
£1,26006/240.36 miDover Street, Norwich NR2 3LG3
£1,26006/240.36 miDover Street, Norwich NR2 3LQ, 3 Bed3
£1,30009/240.37 miPortersfield Road, Norwich, NR23
£1,35006/240.41 miBury Street, Norwich NR2 2DN3
£1,26006/240.41 miBury Street, Norwich NR2 2DN3
£1,42506/240.42 miRose Valley, Norwich, NR23
£1,80006/240.42 miRose Valley, Norwich, NR23
£1,29507/240.42 miRose Valley, Off Unthank Road, Norwich3
£1,30006/240.43 miOnley Street, NORWICH3
£1,14006/240.43 miOnley Street, Norwich NR2 2EB3
£1,15006/240.44 miCardiff Road, Norwich, NR23
£1,15006/240.44 mi-3
£1,20007/240.44 miBury Street, Norwich, NR23
£1,26006/240.44 miSwansea Road, Norwich NR2 3HU3
£1,26006/240.45 miAvenue Road, Norwich NR2 3HN3
£1,20006/240.45 miAvenue Road, Norwich NR2 3HW3

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

1.61 miles away

Nearest school

0.10 miles away

Nearest train station

1.69 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £300,000

February 8, 2025

Listed for £325,000

January 27, 2025

Floor Plans

Description

  • Mid-terrace residence down a tree lined street in the city of Norwich +
  • Situated within the popular golden triangle, a short distance away from the city centre +
  • Retains the properties original character features including high ceilings, Sash windows and original flooring +
  • Beautiful home for a small family or a first time purchase +
  • Light-filled sitting room flaunting a bay window and a traditional brick-built fireplace +
  • Formal dining room to encourage casual gatherings, accentuated by a wood burner +
  • Newly fitted kitchen with modern fixtures and fittings +
  • Three bedrooms and a ground floor bathroom +
  • Non-bisected garden that is fully enclosed for privacy and seclusion +
  • Close proximity to local shops, healthcare facilities, Eaton park and schools for all ages +

Down a beautiful tree-lined street in the city of Norwich, rests a charming three bedroom mid-terrace house, epitomising the allure of city living. Positioned within the desirable golden triangle, this residence offers a prime location, moments from the bustling heart of the city. Offering a blend of modern comforts with preserved original character, this property presents an ideal setting for a small family or a first-time buyer seeking a home that does not require renovation. Location Norwich NR2 is situated within the vibrant Golden Triangle area of Norwich, which is renowned for its charming blend of residential streets, independent shops, and local amenities. The Golden Triangle is a sought-after neighbourhood that offers a mix of Victorian and Edwardian terraced houses, along with easy access to the city's lively cultural scene. Being just a short distance from Norwich city centre, NR2 enjoys the benefits of both a peaceful residential vibe and proximity to urban attractions like theatres, restaurants, and shops. The area also boasts green spaces such as the nearby Eaton Park, making it a popular choice for families and professionals alike. Highland Road

Upon entry, the home welcomes you with a sense of warmth and character, showcasing its original charm through high ceilings, classic sash windows, and immaculately preserved original flooring. The light-filled sitting room beckons you in with its bay window, offering a light filled space for relaxation accentuated by a traditional brick-built fireplace, creating the perfect ambience for cosy evenings. The adjacent formal dining room provides an elegant setting for hosting gatherings, enhanced by a wood burner that adds a touch of refinement to casual occasions.

The heart of the home, the newly fitted kitchen, stands as a testament to modern living with its sleek fixtures and fittings seamlessly blending functionality with style. Offering plenty of storage and counter-top space for meal preparation. Completing the accommodation is a convenient ground floor bathroom, designed for convenience and functionality, catering to the needs of modern living with ease.

Ascending to the upper level, where you will find three well-proportioned bedrooms, each thoughtfully designed to offer relaxation and privacy. The third bedroom has the versatility to be a home office, dressing room or playroom, depending on your own requirements.

Beyond the confines of the home, a non-bisected garden awaits, offering a private space for outdoor activities and leisure. It is primarily laid to lawn, bordered by planted beds and a wooden shed for storing your garden equipment. 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. Non permit on-street parking available. 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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