3 Bed Terraced House, Single Let, Norwich, NR5 8NF, £280,000

Wilberforce Road, NORWICH, Norfolk, NR5 8NF - 2 months ago

BTL
~93 m²
+12 photos

ValuationFair Value

Sold Prices£162.5K - £315K
Sold Prices/m²£1.9K/m² - £5.8K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£275,081

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,900

Total Cash In

£81,900

 

 

Cash Out

 

Rent Range

£950 - £2,100

Rent Estimate

£1,069

Running Costs/mo

£1,109

Cashflow/mo

£-40

Cashflow/yr

£-478

Gross Yield

5%

Local Sold Prices

50 sold prices from £162.5K to £315K, average is £233.5K. £1.9K/m² to £5.8K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£189K11/220.11 mi9, Malbrook Road, Norwich, Norfolk NR5 8RR3
£227.2K11/200.15 mi1, St Mildreds Road, Norwich, Norfolk NR5 8RJ3
£260K06/210.17 mi20, Rydal Close, Norwich, Norfolk NR5 8LT3
£225K08/240.19 mi142, St Mildreds Road, Norwich, Norfolk NR5 8RY3
£250K07/230.24 mi31, Enfield Road, Norwich, Norfolk NR5 8LF3
£295K09/210.26 mi161, Earlham Green Lane, Norwich, Norfolk NR5 8RG3
£282.5K06/210.29 mi23, Pitchford Road, Norwich, Norfolk NR5 8LQ3
£235K03/230.3 mi182, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£280K11/220.3 mi168, Earlham Green Lane, Norwich, Norfolk NR5 8RD3
£227.5K02/240.33 mi79, Stevenson Road, Norwich, Norfolk NR5 8TS3
£270K11/230.33 mi39, Larkman Lane, Norwich, Norfolk NR5 8TY3
£230K01/240.33 mi42, Larkman Lane, Norwich, Norfolk NR5 8TY3
£255K04/210.36 mi35, Cunningham Road, Norwich, Norfolk NR5 8HH3
£270K06/230.36 mi6, Hemlin Close, Norwich, Norfolk NR5 8JB3
£260K02/240.38 mi13, Douglas Haig Road, Norwich, Norfolk NR5 8LD3
£162.5K06/210.39 mi32, Stevenson Road, Norwich, Norfolk NR5 8TT3
£295K04/230.4 mi77, Friends Road, Norwich, Norfolk NR5 8HP3
£295K02/230.4 mi89, Friends Road, Norwich, Norfolk NR5 8HP3
£205K11/230.42 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£200K04/210.42 mi144, Beecheno Road, Norwich, Norfolk NR5 8TP3
£240K06/230.43 mi25, Larkman Lane, Norwich, Norfolk NR5 8TZ3
£210K07/210.43 mi6, Reydon Close, Norwich, Norfolk NR5 9AG3
£204K08/230.44 mi8, Skoner Road, Norwich, Norfolk NR5 9AX3
£240K08/230.45 mi6, Richenda Close, Norwich, Norfolk NR5 8JG3
£255K01/230.45 mi11, Richenda Close, Norwich, Norfolk NR5 8JG3
£245K10/220.45 mi2, Beecheno Road, Norwich, Norfolk NR5 8TJ3
£235K08/230.46 mi90, Beecheno Road, Norwich, Norfolk NR5 8TQ3
£195K12/200.46 mi10, Lushington Close, Norwich, Norfolk NR5 9AU3
£172K02/210.46 mi4, Lushington Close, Norwich, Norfolk NR5 9AU3
£198.3K10/220.46 mi84, Motum Road, Norwich, Norfolk NR5 8EQ3
£258K08/230.46 mi9, Mayes Close, Norwich, Norfolk NR5 9AR3
£185K02/210.47 mi5, Cotterall Court, Norwich, Norfolk NR5 9AZ3
£237K03/230.48 mi4, Fitzhenry Mews, Norwich, Norfolk NR5 9BH3
£228K03/230.49 mi5, Webster Close, Norwich, Norfolk NR5 9DF3
£215K09/230.49 mi28, Webster Close, Norwich, Norfolk NR5 9DF3
£295K03/240.5 mi580, Dereham Road, Norwich, Norfolk NR5 8TE3
£200K05/230.51 mi14, Kerville Street, Norwich, Norfolk NR5 9BG3
£172K01/210.52 mi7, Holworthy Road, Norwich, Norfolk NR5 9DG3
£245K05/230.52 mi53, Holworthy Road, Norwich, Norfolk NR5 9DG3
£232K03/230.52 mi57, Holworthy Road, Norwich, Norfolk NR5 9DG3
£220K09/210.52 mi45, Holworthy Road, Norwich, Norfolk NR5 9DG3
£213K11/220.52 mi70, Holworthy Road, Norwich, Norfolk NR5 9DG3
£184.3K06/210.52 mi42, Holworthy Road, Norwich, Norfolk NR5 9DG3
£310K11/210.53 mi654, Dereham Road, Norwich, Norfolk NR5 0SZ3
£270K09/210.53 mi7, Cornwallis Close, Norwich, Norfolk NR5 9BJ3
£186K09/210.54 mi1, Shepherd Close, Norwich, Norfolk NR5 8HS3
£315K12/220.54 mi81, Sukey Way, Norwich, Norfolk NR5 9NZ3
£185K02/240.55 mi21, Jamieson Place, Norwich, Norfolk NR5 8YZ3
£185K04/240.55 mi41, Jamieson Place, Norwich, Norfolk NR5 8YZ3
£247.5K02/210.55 mi25, Pollywiggle Close, Norwich, Norfolk NR5 9PG3

Local Rents

26 rents from £950/mo to £2.1K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20006/240.12 miBevan Close, Norwich3
£1,10006/240.3 miNorwich, NR53
£1,27512/240.31 miGilbard Road, NR5 8TR3
£1,05006/240.31 miGilbard Road, Norwich3
£1,29006/240.32 mi-3
£1,38012/240.32 mi-3
£1,30012/240.36 miShepherd Purse Way, NORWICH3
£1,15012/240.37 mi-3
£95006/240.42 miBeecheno Road, NORWICH3
£2,10012/240.43 miEarlham Road, Norwich, NR4 7TG3
£1,50012/240.44 mi-3
£1,60012/240.46 miLushington Close, Norwich3
£1,50012/240.46 miMotum Road, Norwich3
£1,10012/240.5 mi-3
£1,45006/240.5 miDereham Road, Norwich, NR53
£1,50006/240.51 miKerville Street, NR5 9BG3
£1,25012/240.54 mi-3
£1,40012/240.54 miNotridge Road, Norwich, NR53
£1,35012/240.54 miPollywiggle Close, Norwich, NR53
£1,35012/240.54 mi-3
£1,30012/240.55 miNorwich Road, Norwich3
£1,20006/240.55 miPollywiggle Close, Norwich3
£1,15012/240.56 miCadge Close, Norwich3
£1,50006/240.57 miFoxley Road, Norwich3
£1,15012/240.58 miHorn Pie Road, Norwich, Norfolk3
£1,50012/240.61 miSukey Way, NR5 9NZ3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.51 miles away

Nearest school

0.50 miles away

Nearest train station

3.13 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £280,000

February 28, 2025

Listed for £290,000

January 28, 2025

Floor Plans

Description

*NO ONWARD CHAIN*
*GUIDE PRICE £290,000 - £300,000*

This delightful three-bedroom terraced home is bursting with potential and ready for you to make it your own. Nestled in the highly sought-after area of NR5, this property benefits from close proximity to the university, hospital, and a range of local amenities, making it an ideal choice for families, professionals, or investors alike.

The property offers well-proportioned living spaces, including a spacious lounge, a functional kitchen with the opportunity to modernize, and three generously sized bedrooms. A family bathroom completes the upstairs layout.

To the rear, a private garden provides the perfect canvas for outdoor relaxation or entertaining, while the front of the property also benefits from a private front garden.

With some updating and creative vision, this home could truly shine, offering a fantastic opportunity to tailor the space to your taste and needs.

This is a must-see property for anyone seeking a home with potential in a prime location.

Agent Details

Abbotts, Norwich

01603 361914

Next Steps?

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