4 Bed Detached House, Single Let, Norwich, NR4 7LT, £425,000

The Pines, Cringleford, NR4 7LT - 2 months ago

Under Offer
BTL
~129 m²
+13 photos

ValuationUndervalued

Sold Prices£232K - £885K
Sold Prices/m²£2.5K/m² - £7.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.3K/m²

Value Estimate

£473,114
BMV5%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£24,700

Total Cash In

£130,950

 

 

Cash Out

 

Rent Range

£800 - £2,595

Rent Estimate

£1,162

Running Costs/mo

£1,581

Cashflow/mo

£-419

Cashflow/yr

£-5,022

Gross Yield

3%

Local Sold Prices

33 sold prices from £232K to £885K, average is £535K. £2.5K/m² to £7.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£535K06/230.06 mi29, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB4
£325K08/210.06 mi21, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB4
£407K01/210.06 mi2, The Pines, Cringleford, Norwich, Norfolk NR4 7LT4
£312K03/210.06 mi12, Dunlin Drive, Cringleford, Norwich, Norfolk NR4 7PX4
£422K03/210.08 mi6, Daffodil Close, Cringleford, Norwich, Norfolk NR4 7SN4
£340K12/220.09 mi44, Verbena Road, Cringleford, Norwich, Norfolk NR4 7ST4
£403K11/200.11 mi8, Raven Croft, Cringleford, Norwich, Norfolk NR4 7NA4
£405K08/240.22 mi32, Almond Drive, Cringleford, Norwich, Norfolk NR4 7SJ4
£877K08/210.32 mi3, St Lawrence Drive, Norwich, Norfolk NR4 7RZ4
£575K08/230.32 mi21, Newfound Drive, Norwich, Norfolk NR4 7RY4
£750K03/240.32 mi16, Newfound Drive, Norwich, Norfolk NR4 7RY4
£440K12/220.34 mi21, Viola Close, Cringleford, Norwich, Norfolk NR4 7JL4
£740K03/210.4 mi64a, Colney Lane, Cringleford, Norwich, Norfolk NR4 7RF4
£625K12/200.47 mi23a, Cantley Lane, Norwich, Norfolk NR4 6TA4
£625K08/230.47 mi21a, Cantley Lane, Norwich, Norfolk NR4 6TA4
£495K02/230.51 mi1, Langley Close, Norwich, Norfolk NR4 6XW4
£650K01/210.52 mi58, Brettingham Avenue, Norwich, Norfolk NR4 6XJ4
£635K04/230.54 mi9, Keswick Road, Cringleford, Norwich, Norfolk NR4 6UH4
£500K08/210.56 mi18, Taylor Avenue, Norwich, Norfolk NR4 6XY4
£645K12/220.58 mi13, The Ridings, Cringleford, Norwich, Norfolk NR4 6UJ4
£515K02/230.61 mi8, Patteson Close, Norwich, Norfolk NR4 6XX4
£375K02/210.62 mi13, Churchfield, Norwich, Norfolk NR4 6UP4
£510K08/230.68 mi18, Armitage Close, Norwich, Norfolk NR4 6XZ4
£558K12/200.71 mi10, Meadway, Norwich, Norfolk NR4 6XS4
£675K03/210.82 mi40, Bluebell Road, Norwich, Norfolk NR4 7LG4
£680K03/210.82 mi52, Bluebell Road, Norwich, Norfolk NR4 7LG4
£576.5K06/210.82 mi34, Bluebell Road, Norwich, Norfolk NR4 7LG4
£590K11/200.82 mi42, Keswick Road, Cringleford, Norwich, Norfolk NR4 6UQ4
£295K08/230.88 mi7, Norvic Drive, Norwich, Norfolk NR4 7NL4
£415K06/230.93 mi11, Leng Crescent, Norwich, Norfolk NR4 7NX4
£885K12/200.94 mi43, Church Lane, Eaton, Norwich, Norfolk NR4 6NW4
£570K12/200.95 mi5, Poplar Avenue, Norwich, Norfolk NR4 7LB4
£232K11/200.98 mi3, Nasmith Road, Norwich, Norfolk NR4 7BH4

Local Rents

50 rents from £800/mo to £2.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,50006/240.03 mi-3
£1,50006/240.03 mi-3
£1,50006/240.03 miRose Drive, Norwich, NR43
£1,55006/240.06 miRose Drive, Norwich, Norfolk, NR43
£1,55006/240.06 miRose Drive, Cringleford, NORWICH3
£1,30006/240.06 miPeregrine Mews, NR4 7NB3
£1,35006/240.06 miPeregrine Mews, Cringleford3
£1,40012/240.06 mi-3
£1,80012/240.07 mi-4
£2,00012/240.07 mi-4
£1,19902/250.08 mi-3
£1,35012/240.1 miCringleford3
£1,40006/240.11 miWoodpecker Lane, Cringleford, Norwich3
£1,40012/240.12 miDragonfly Lane, Cringleford3
£2,00006/240.13 miNightingale Drive, Round House Park5
£1,82004/250.16 mi-4
£1,29506/240.16 miDragonfly Lane, Cringleford, Norwich, NR43
£1,50012/240.17 miAlmond Drive, Cringleford4
£1,40012/240.18 mi-3
£2,59506/240.18 mi-3
£2,59505/240.18 mi-3
£2,59512/240.18 mi-3
£1,97503/250.18 mi-3
£1,65006/240.22 miAlmond Drive, Cringleford, Norwich, NR44
£1,85012/240.23 miPoppy Close, Cringleford5
£1,95004/250.24 mi-4
£1,70006/240.25 miFern Drive, Cringleford5
£1,35006/240.27 miWillowcroft Way, Norwich3
£1,55012/240.27 miWillowcroft Way, Cringleford, Norwich4
£1,10006/240.29 miLobelia Lane, Cringleford3
£1,90012/240.29 miLobelia Lane, Norwich6
£1,50012/240.3 mi-3
£2,19912/240.3 miLamb Lane, Norwich, NR44
£1,99912/240.3 mi-4
£1,55006/240.32 miWillowcroft Way, Cringleford, Norwich4
£1,99512/240.32 miCringleford, Norwich3
£1,75006/240.34 miViola Close, Cringleford5
£1,50002/250.35 mi-3
£1,50012/240.35 miWillowcroft Way, Cringleford3
£1,40006/240.38 miFreesia Way, Cringleford, NORWICH3
£1,85006/240.4 miFreesia Way, Cringleford, Norwich5
£1,45012/240.4 miScott-Moncrief Street, Cringleford3
£1,45012/240.41 miHaldane Drive, NR4 7FY3
£1,45006/240.45 mi-3
£1,45006/240.45 miHaldane Drive, Norwich, NR43
£1,70012/240.51 miBrettingham Avenue, Norwich3
£1,40006/240.53 miLamb Lane, Cringleford, Norwich3
£80002/240.53 mi-3
£1,67512/240.54 mi-3
£1,90012/240.61 miKedleston Drive, Cringleford, Norwich, Norfolk4

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

3.41 miles away

Nearest school

0.20 miles away

Nearest train station

3.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £425,000

February 24, 2025

Listed for £450,000

February 3, 2025

Floor Plans

Description

  • Guide Price £450,000 - £475,000 +
  • Modern, bay-fronted family home, perfectly positioned on a sought-after residential development +
  • 4 first floor bedrooms, with the main bedroom featuring storage and an en-suite shower room +
  • Modern fitted kitchen/breakfast room with sleek units, ample workspace and a separate utility room +
  • Dual aspect lounge with French doors to the south-facing garden – ideal for entertaining! +
  • Dedicated dining room with bay window, providing a bright entertaining space +
  • Ground floor WC and first floor family bathroom +
  • Gas central heating and double glazing +
  • Off-road parking, a brick-built garage and a south-facing rear garden with lawn and patio +
  • Excellent location in a sought-after area, opposite a play area, with easy access to local amenities +

SUMMARY A beautifully presented 4 bedroom detached family home in the desirable Cringleford area, offering well-proportioned accommodation across approx. 1,352 sq/ft. The dual aspect lounge with French doors opens onto the south-facing garden, while the modern kitchen/breakfast room enjoys a utility and separate dining room. Outside, the property benefits from off-road parking and a garage, while its prime position opposite a play area makes it an ideal choice for families - call now to view! 

OUTSIDE Positioned in a desirable location, this property enjoys a prime spot opposite a play area and green space, offering an open outlook and an ideal setting for families. The front of the home is well-maintained, featuring hedging and a pathway leading to the entrance, enhancing its kerb appeal. A shared access driveway to the side of the property leads to off-road parking, along with a brick-built garage, which provides additional enclosed parking and storage. At the rear, the approx. 30' max. south-facing garden features a spacious raised patio area, perfect for entertaining, along with a sloping lawn bordered by trees and planted beds. A retractable awning provides shade on sunny days, while 3 water harvesters offer an eco-friendly water supply for garden maintenance. This home is ideally situated in a sought-after area, close to local amenities, schools and transport links, making it a fantastic choice for families and professionals alike.  

DIRECTIONS Head into Round House Park via Round House Way from the A11, Newmarket Road. At the roundabout go straight over, continuing on Round House Way. At the next roundabout turn right onto The Pines where the property can be found on the right-hand side, opposite the children's play area and green space. 

LOCAL AUTHORITY South Norfolk 

COUNCIL TAX BAND

We offer a professional, ARLA accredited Lettings and Management Service via our affiliated agency, Habi Lettings. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free, no obligation review of your current portfolio then please contact the office to discuss this further. 

DISCLAIMER While we have made diligent efforts to ensure the accuracy of the information relating to each property at the point of listing, you are advised to consult the official local council website for details on conservation areas, flood risks, tree preservation orders, planning applications, and other relevant aspects. These details are for guidance purposes only and we do not seek advice from the seller's legal representative in their preparation. We also strongly advise that you inspect the property and surrounding area on Google Maps and Street View prior to viewing. The photographs do not infer that items shown are included in the sale, the measurements quoted are approximate and the fixtures, fittings and appliances have not been tested, therefore no guarantee can be given that they are in working order. If there is any point which is of particular importance to you then please obtain professional confirmation of it. 

Should you wish to view one of our properties, we will require certain pieces of personal information from you in order to provide a professional service to you and our client, the seller. The personal information you provide to us will be shared with the seller, but it will not be shared with any other third parties without your consent.

Should you wish to proceed and make an offer on a property, some of the personal information you provide to us will be passed to the seller. Again, it will not be shared with any other third parties without your consent.

More information on how we hold and process your data is available upon request or on our website.

Agent Details

Hammond & Stratford, Norwich

01603 361699

Next Steps?

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