4 Bed Bungalow, Single Let, Norwich, NR13 6LT, £450,000

Green Lane West, Rackheath, NR13 6LT - 2 months ago

Leasehold
BTL
~149 m²
+21 photos

ValuationUndervalued

Sold Prices£310K - £600K
Sold Prices/m²£1.9K/m² - £7.2K/m²

 

 

Square Metres

~148.60 m²
Price/m²£3K/m²

Value Estimate

£479,057
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Total Cash In

£146,200

 

 

Cash Out

 

Rent Range

£700 - £3,750

Rent Estimate

£809

Running Costs/mo

£1,588

Cashflow/mo

£-779

Cashflow/yr

£-9,349

Gross Yield

2%

Local Sold Prices

26 sold prices from £310K to £600K, average is £400K. £1.9K/m² to £7.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£350K08/230.75 mi2, Tagg Way, Rackheath, Norwich, Norfolk NR13 6SQ4
£450K07/230.8 mi16, Willoughby Way, Rackheath, Norwich, Norfolk NR13 6SL4
£400K03/210.8 mi18, Willoughby Way, Rackheath, Norwich, Norfolk NR13 6SL4
£375K07/230.82 mi22, Canfor Road, Rackheath, Norwich, Norfolk NR13 6SP4
£310K08/210.82 mi3, Canfor Road, Rackheath, Norwich, Norfolk NR13 6SP4
£348K02/210.82 mi9, Canfor Road, Rackheath, Norwich, Norfolk NR13 6SP4
£344K05/210.86 mi8, Eva Road, Rackheath, Norwich, Norfolk NR13 6PE4
£329K02/210.88 mi7, Wood Green, Salhouse, Norwich, Norfolk NR13 6NS4
£435K06/230.88 mi27, Salhouse Road, Rackheath, Norwich, Norfolk NR13 6PD4
£310K06/210.88 mi19, Salhouse Road, Rackheath, Norwich, Norfolk NR13 6PD4
£595K03/210.93 miWagtail Barn, Norwich Road, Rackheath, Norwich, Norfolk NR13 6FB4
£425K03/211.05 mi86, Norwich Road, Salhouse, Norwich, Norfolk NR13 6PB4
£400K09/211.05 mi8, Warren Green, Salhouse, Norwich, Norfolk NR13 6NU4
£450K03/231.06 miLongacre, Howletts Loke, Salhouse, Norwich, Norfolk NR13 6EX4
£520K12/211.14 mi12, Bernard Close, Rackheath, Norwich, Norfolk NR13 6QS4
£425K02/211.14 mi18, Bernard Close, Rackheath, Norwich, Norfolk NR13 6QS4
£390K12/201.54 mi49, Padgate, Thorpe End, Norwich, Norfolk NR13 5DG4
£370K11/201.54 mi45, Padgate, Thorpe End, Norwich, Norfolk NR13 5DG4
£400K04/231.66 mi1, Broad View, Thorpe End, Norwich, Norfolk NR13 5DZ4
£600K01/211.73 mi28, Plumstead Road, Thorpe End, Norwich, Norfolk NR13 5AJ4
£353K12/201.74 mi1, Conroy Close, Norwich, Norfolk NR7 8FF4
£594.6K12/221.75 mi24, Lower Street, Salhouse, Norwich, Norfolk NR13 6RW4
£320K07/231.84 mi29, Rosa Close, Spixworth, Norwich, Norfolk NR10 3NZ4
£375K05/231.96 mi7, Thieves Lane, Salhouse, Norwich, Norfolk NR13 6RF4
£500K12/201.96 mi50, Thieves Lane, Salhouse, Norwich, Norfolk NR13 6RQ4
£457.5K03/231.99 mi37, Heron Close, Salhouse, Norwich, Norfolk NR13 6SB4

Local Rents

50 rents from £700/mo to £3.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,20008/240.3 miRackheath2
£1,35007/240.3 miConsort Avenue3
£89507/240.75 miRackheath, Norwich2
£1,05008/240.75 miWebb Drive, Norwich, Norfolk, NR132
£1,25003/240.83 miCanfor Road, Rackheath, Norwich3
£1,35006/240.88 miRackheath Park, Rackheath, Norwich3
£1,30007/240.91 mi62 Salhouse Road, Rackheath, Norwich3
£1,40009/240.93 miSaxon Road, Rackheath3
£2,75009/240.97 mi-6
£1,50008/241.04 mi-4
£1,50006/241.4 mi-3
£1,40008/241.4 mi-3
£1,50006/241.4 miStafford Way, Rackheath, Norwich, NR133
£1,40006/241.4 miStafford Way, Rackheath, Norwich, NR133
£1,35002/251.54 mi-3
£1,57507/241.56 miMetcalf Road, Norwich, Norfolk, NR133
£1,57507/241.56 miMetcalf Road, Norwich, Norfolk, NR133
£1,40006/241.56 miRandall Road, Sprowston, NR73
£1,59507/241.57 miGallard Way, Norwich, 4
£1,50008/241.57 miGallard Way, Norwich, 4
£97506/241.57 miEgyptian Goose Road, NR7 8FN2
£1,52512/241.58 mi-2
£82512/241.58 mi-2
£82512/241.58 mi-2
£1,57507/241.58 miMetcalf Road, Norwich, Norfolk, NR133
£1,57509/241.6 mi64 Metcalf Road, Norwich, Norfolk, NR133
£1,57508/241.6 miMetcalf Road, Norwich, Norfolk, NR133
£1,65007/241.63 miHumprey Way, Norwich, Norfolk, NR133
£92512/241.65 miSwan Lane, Sprowston2
£2,12508/241.66 miBanfather Way, Norwich, Norfolk, NR134
£1,65012/241.69 miConroy Close, Norwich4
£2,12507/241.7 miOstler Road, Norwich, Norfolk, NR134
£1,57507/241.7 miOstler Road, Norwich, Norfolk, NR133
£2,02507/241.7 miOstler Road, Norwich, Norfolk, NR134
£1,62507/241.7 miOstler Road, Norwich, Norfolk, NR133
£2,02508/241.7 mi59 Ostler Road, Norwich, Norfolk, NR134
£2,02508/241.7 miOstler Road, Norwich, Norfolk, NR134
£1,57508/241.7 miOstler Road, Norwich, Norfolk, NR133
£2,02508/241.7 miOstler Road, Norwich, Norfolk, NR134
£1,57508/241.7 miOstler Road, Norwich, Norfolk, NR133
£1,00012/241.7 mi-2
£70007/241.74 miPlumstead Road, Thorpe End, Norwich1
£70008/241.74 miPlumstead Road, Thorpe End, Norwich1
£3,75006/241.78 miNorth Walsham Road, Norwich, Norfolk, NR124
£3,75006/241.78 miNorth Walsham Road, Crostwick4
£1,00006/241.81 miHeath Road, Thorpe End, NR133
£1,10006/241.86 miCranes Croft Road3
£1,40008/241.88 miSycamore Avenue, Rackheath, NR133
£1,80003/241.89 mi-5
£1,80006/241.89 miSt. Marys Grove, Norwich, NR75

Local Area Statistics

Population in NR13

26,695

Population in Norwich

366,887

Town centre distance

4.08 miles away

Nearest school

0.90 miles away

Nearest train station

0.84 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+117%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £450,000

March 8, 2025

Listed for £475,000

February 4, 2025

Floor Plans

Description

  • Energy-efficient air source heat pump and solar panels, reducing energy bills and environmental impact +
  • Stunning patterned mosaic flooring that runs seamlessly throughout the home, adding character and style +
  • Transform a bedroom into a home office, with fast broadband available for work-from-home purposes +
  • Traditional Belfast sink, paired with a range cooker, offering a charming yet functional kitchen space +
  • Private rear garden with a well-maintained lawn, wooden pergola, and small patio, perfect for outdoor dining and relaxation +
  • Bright and airy sunroom, ideal for additional seating, a home office, or utility purposes +
  • High-quality fixtures and finishes, from elegant wooden internal doors to refined bathroom fittings +
  • Guide Price: £450,000-£475,000 +

Guide Price: £450,000-£475,000 Eye-catching elements are woven throughout this four-bedroom bungalow, where thoughtful design and energy-efficient features come together to create a welcoming and stylish home. From the patterned mosaic flooring to the traditional Belfast sink in the kitchen, every detail reflects quality and care. With spacious rooms, including four generously sized double bedrooms,family four-piece bathroom and ensuite shower room, this property offers ample room for families to grow. Outside, the private rear garden with a wooden pergola and the large front driveway complete this perfect family home, making it an ideal choice for those seeking both comfort in a well connected area. The Location Located at Green Lane West, Rackheath, NR13, this property offers the best of village life with convenient access to essential amenities and shops. Just 0.5 miles away, you’ll find the Rackheath Co-op for everyday essentials, while a short 10-minute drive (4 miles) into the heart of Norwich opens up a wider selection, including popular retailers at Riverside Retail Park. For dining and socializing close to home, the Sole & Heel Pub is less than a mile away, offering a cosy atmosphere and local fare. Families will appreciate the proximity to Rackheath Primary School, just a 5-minute walk, while nature enthusiasts can enjoy the scenic surroundings and nearby Broads National Park, just 3 miles away, ideal for outdoor activities. Rowan Tree Cottage This immaculate four-bedroom bungalow offers a spacious and well-thought-out layout, perfect for family living or anyone seeking a comfortable and energy-efficient home. Boasting modern energy-saving features such as an air source heat pump and solar panels, this property ensures a reduced carbon footprint and lower energy costs without compromising on style or comfort. High-quality finishes and fixtures are evident throughout, contributing to a refined atmosphere in every room. Upon entering, you are greeted by a charming entrance hallway, ideal for hanging coats and shoes or welcoming guests. The main hallway leads to the four generously sized double bedrooms, providing ample space for a growing family or those seeking extra room for guests. The hallway is finished with eye-catching patterned mosaic flooring, which is consistent throughout the home and similiar design also found in the main four-piece bathroom and ensuite. The heart of the home lies in the expansive kitchen/diner, equipped with a traditional Belfast sink, a range cooker and a recessed space for a large fridge freezer—everything needed to create your favourite meals. An opening from the kitchen leads to a bright and airy sunroom, offering additional space that can be utilised for utility purposes or as an extension for general furniture and home essentials. The lounge, which offers a more intimate and enclosed atmosphere, is perfect for quiet relaxation or family gatherings. Patio doors lead to the rear garden, adding to the sense of comfort, while carpeting creates a cosy, inviting environment. Designed with family life in mind, the property includes classic wooden internal doors throughout, which seamlessly guide you to the four double bedrooms. Each bedroom is generously sized, making this an ideal home for large families or those wanting extra space to grow. Outside, the rear garden offers a private setting, complete with a well-maintained lawn, a charming wooden pergola, and a small patio area—perfect for outdoor entertaining. To the front of the property, a large driveway accommodates multiple vehicles, ensuring that parking is never a concern. This bungalow presents an excellent opportunity for anyone looking for a quality home in a peaceful yet practical location. Agents Note Sold Freehold Connected to air source heat pump - alongside remaining mains services.

EPC Rating: 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, Wroxham

01603 361621

Next Steps?

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