5 Bed Detached House, Refurb/BRRR, Norwich, NR4 7LE, £700,000

Bluebell Crescent, Eaton, NR4 7LE - 2 views - 2 months ago

Sold STC
BTL
Refurb/BRRR
~178 m²
+17 photos

ValuationOvervalued

Sold Prices£245K - £1.1M
Sold Prices/m²£2.8K/m² - £7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£3.9K/m²

Value Estimate

£567,742

 

 

End Value (After Refurb)

£616,753

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£175,000

Stamp Duty & Legal Fees

£44,700

Refurb Costs

£80,515

Bridging Loan Interest

£18,375

Total Cash In

£320,340

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£616,753

Mortgage (After Refinance)

£462,565

Mortgage LTV

75%

Cash Left In

£320,340

Equity

£154,188

Rent Range

£1,300 - £3,900

Rent Estimate

£2,207

Running Costs/mo

£2,389

Cashflow/mo

£-182

Cashflow/yr

£-2,181

Gross Yield

4%

Local Sold Prices

27 sold prices from £245K to £1.1M, average is £605K. £2.8K/m² to £7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£370K02/230.19 mi37, Leng Crescent, Norwich, Norfolk NR4 7NY5
£880K12/220.28 mi15, Poplar Avenue, Norwich, Norfolk NR4 7LB5
£695K11/230.36 mi470, Unthank Road, Norwich, Norfolk NR4 7QJ5
£1.1M08/240.47 mi187, Newmarket Road, Norwich, Norfolk NR4 6AP5
£955K12/200.47 mi1, Judges Drive, Norwich, Norfolk NR4 7QQ5
£950K02/210.48 mi13, Colney Lane, Cringleford, Norwich, Norfolk NR4 7RE5
£825K08/230.52 mi426, Unthank Road, Norwich, Norfolk NR4 7QH5
£350K06/210.63 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB5
£740K03/230.66 mi17, Judges Walk, Norwich, Norfolk NR4 7QF5
£605K11/220.67 mi6, St Peters Close, Norwich, Norfolk NR4 6UL5
£246K06/210.67 mi158, Northfields, Norwich, Norfolk NR4 7EX5
£245K11/230.67 mi186, Northfields, Norwich, Norfolk NR4 7EX5
£985K02/230.69 mi381, Unthank Road, Norwich, Norfolk NR4 7QG5
£1.1M06/210.7 mi83, Church Lane, Eaton, Norwich, Norfolk NR4 6NY5
£595K01/210.82 mi4, Keswick Close, Norwich, Norfolk NR4 6UW5
£470K03/210.82 mi5, Fern Drive, Cringleford, Norwich, Norfolk NR4 7JT5
£685K04/210.9 mi17, Cantley Lane, Norwich, Norfolk NR4 6TA5
£420K07/210.9 mi5, Salter Avenue, Norwich, Norfolk NR4 7LX5
£335K10/200.9 mi6, Salter Avenue, Norwich, Norfolk NR4 7LX5
£580K12/220.94 mi18, Jessopp Road, Norwich, Norfolk NR2 3QA5
£350K12/200.94 mi12, Jasmine Close, Norwich, Norfolk NR4 7NE5
£540K09/210.95 mi6, Tungate Crescent, Norwich, Norfolk NR4 6UZ5
£420K10/200.97 mi35, Primula Drive, Norwich, Norfolk NR4 7LZ5
£672K05/240.98 mi40, Mile End Road, Norwich, Norfolk NR4 7QX5
£1.0M03/230.98 mi19, Mile End Road, Norwich, Norfolk NR4 7QX5
£580K11/220.99 mi10, Patteson Close, Norwich, Norfolk NR4 6XX5
£1.1M10/221 mi54, Branksome Road, Norwich, Norfolk NR4 6SW5

Local Rents

50 rents from £1.3K/mo to £3.9K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,85006/240.13 miOsborne Road, Norwich, Norfolk, NR44
£1,52011/240.13 mi-4
£1,40006/240.15 miNorvic Drive, NR43
£1,55012/240.15 miNorvic Drive, NORWICH3
£2,60012/240.17 miLeng Crescent, Norwich6
£3,00006/240.17 miLeng Crescent, Norwich, NR46
£1,30001/240.18 miLeng Crescent, Norwich3
£3,30006/240.18 miNasmith Road6
£1,90006/240.19 miNasmith Road, Norwich, NR44
£2,60006/240.19 miLeng Crescent, Norwich, NR46
£2,60012/240.19 miLeng Crescent, Norwich, NR46
£2,60012/240.19 miNasmith Road, NORWICH5
£3,00012/240.19 miNasmith Road, Norwich5
£1,60003/240.2 miNasmith Road, Norwich4
£2,75006/240.21 miNasmith Road, Norwich, NR45
£2,60012/240.21 miNasmith Road, Norwich5
£2,75006/240.21 miNasmith Road, Norwich5
£2,25006/240.22 miPeckover Road, Norwich, NR45
£1,60002/240.22 miPeckover Road, Norwich4
£1,65012/240.22 mi-4
£1,80012/240.24 miBek Close, Norwich, NR44
£1,80012/240.24 miBek Close, Norwich, NR44
£2,10003/240.24 miNasmith Road, Norwich, NR45
£2,10012/240.24 miNasmith Road, Norwich5
£1,34012/240.25 miBlakeney Close, Eaton, NR44
£2,75006/240.25 miPeckover Road, Norwich, NR45
£1,55012/240.25 miLamb Lane, Cringleford3
£1,56006/240.27 miOsbourne Road, NR44
£1,80006/240.27 miPettus Road, Norwich, 4
£2,75006/240.33 miSumpter Road, Norwich, NR45
£2,20006/240.33 miSumpter Road, Norwich4
£3,90012/240.33 miNewmarket Road, Norwich, Norfolk, NR48
£2,20006/240.36 miUnthank Road, Norwich4
£2,90012/240.37 miSouth Park Avenue, Norwich, NR45
£2,90012/240.37 miSouth Park Avenue, Norwich5
£2,90012/240.37 miSouth Park Avenue, Norwich5
£2,20006/240.38 miSouth Park Avenue, Norwich4
£1,65012/240.38 mi-4
£1,75002/250.38 mi-4
£1,75003/250.38 mi-4
£2,90012/240.38 miSouth Park Avenue, NORWICH5
£2,00012/240.43 miPettus Road, Norwich, Norfolk, NR44
£1,49506/240.43 miPettus Road, NORWICH4
£3,05006/240.44 miChestnut Hill, Norwich, NR46
£2,20012/240.45 mi-5
£2,10012/240.45 mi-5
£1,39512/240.46 mi-3
£2,20012/240.46 miWycliffe Road, Norwich4
£1,60012/240.48 miBuckingham Road, Norwich4
£3,30006/240.48 miBuckingham Road, Norwich, NR46

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

2.61 miles away

Nearest school

0.50 miles away

Nearest train station

2.67 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £700,000

February 4, 2025

Floor Plans

Description

  • Detached 4/5 bedroom residence offering flexible accommodation throughout +
  • Approx. 0.43 acre plot with a mature rear garden with lawn and patio seating area +
  • Presenting a perfect opportunity to craft a bespoke family home in a sought-after location +
  • Well-appointed kitchen with a convenient larder for additional storage +
  • Spacious lounge/diner with a central wood burner, plus separate study/dining room for versatility +
  • 4/5 bedrooms including a generous triple aspect main bedroom, plus shower room and bathroom +
  • Air source heating and dry lined walls for added insulation +
  • Solar thermal panels for hot water and a mixture of single, secondary and double glazing +
  • Driveway with off-road parking for multiple vehicles and a double tandem garage +
  • Ideally located for major road links, amenities and Norwich city centre +

SUMMARY Offered with No Onward Chain and situated on a private crescent off Bluebell Road, this substantial 4/5 bedroom detached home offers fantastic potential for modernisation. With spacious living areas, an approx. 0.43 acre plot and sustainable features such as solar panels and an air source heat pump, this property is an ideal family home with room to update and personalise. Benefitting from a spacious driveway, double tandem garage and extensive gardens, it is perfect for buyers seeking space and privacy in a desirable Norwich location. Call now to view! 

OUTSIDE Positioned on an enviable plot within a private crescent off Bluebell Road, this property enjoys a secluded setting while remaining conveniently close to local amenities, schools and transport links. A long, sloping driveway leads up to the house, offering parking, alongside a double tandem garage with power, lighting and internal access. The front garden is partially enclosed with mature hedging and trees creating a degree of privacy. To the rear, the garden features a spacious patio area, with steps leading up to a lawn, surrounded by mature hedging, featuring a small pond and oak trees creating a haven for wildlife, plus fruit trees including a Mirabella plum. The ASHP unit is also located within the boundary. This home is perfect for families and those seeking a balance of space and convenience.  

AGENTS NOTE Please be advised a planning application has been made within the area. 

DIRECTIONS From the Hammond and Stratford office in Eaton, head over the traffic lights and under the flyover onto Bluebell Road. Continue on this road, before turning right onto Bluebell Crescent, where the property can be found, set back from the road, on the right-hand side.

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LOCAL AUTHORITY Norwich 

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 💪