2 Bed Terraced House, Refurb/BRRR, Norwich, NR2 3JQ, £250,000

Glebe Road, Golden Triangle, NR2 3JQ - 2 months ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£207K - £405K
Sold Prices/m²£2.9K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£246,816

 

 

End Value (After Refurb)

£277,625

Uplift in Value

+-3%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£11,500

Refurb Costs

£30,800

Bridging Loan Interest

£6,563

Total Cash In

£113,113

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£277,625

Mortgage (After Refinance)

£208,219

Mortgage LTV

75%

Cash Released

£20,719

Cash Left In

£92,394

Equity

£69,406

Rent Range

£695 - £2,900

Rent Estimate

£1,181

Running Costs/mo

£1,124

Cashflow/mo

£57

Cashflow/yr

£687

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £207K to £405K, average is £270K. £2.9K/m² to £4.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£260K06/210 mi84, Glebe Road, Norwich, Norfolk NR2 3JQ2
£270K11/200.06 mi14, Spelman Road, Norwich, Norfolk NR2 3NJ2
£275K02/240.09 mi102, Lincoln Street, Norwich, Norfolk NR2 3LB2
£255K07/210.11 mi24, Henley Road, Norwich, Norfolk NR2 3NL2
£300K08/230.11 mi43, Henley Road, Norwich, Norfolk NR2 3NL2
£308K08/210.11 mi24, Glebe Road, Norwich, Norfolk NR2 3JG2
£331K08/230.11 mi24, Glebe Road, Norwich, Norfolk NR2 3JG2
£280K08/230.14 mi15, Lincoln Street, Norwich, Norfolk NR2 3JY2
£287K12/220.15 mi53, Portland Street, Norwich, Norfolk NR2 3LE2
£270K10/210.17 mi16, Dover Street, Norwich, Norfolk NR2 3LQ2
£230K04/230.17 mi32, Dover Street, Norwich, Norfolk NR2 3LQ2
£240K02/210.17 mi38, Dover Street, Norwich, Norfolk NR2 3LQ2
£264.5K01/240.17 mi28, Dover Street, Norwich, Norfolk NR2 3LQ2
£272.5K08/230.18 mi19, Dover Street, Norwich, Norfolk NR2 3LG2
£250K03/210.2 mi165, Unthank Road, Norwich, Norfolk NR2 2PG2
£250K03/210.2 mi165, Unthank Road, Norwich, Norfolk NR2 2PG2
£405K01/240.2 mi25, Meadow Rise Road, Norwich, Norfolk NR2 3QE2
£275K03/210.22 mi35, Avenue Road, Norwich, Norfolk NR2 3HW2
£276.5K09/220.22 mi6, Dover Street, Norwich, Norfolk NR2 3LQ2
£330K12/230.23 mi21b, Muriel Road, Norwich, Norfolk NR2 3NY2
£330K04/230.23 mi19, Muriel Road, Norwich, Norfolk NR2 3NY2
£232.5K11/200.26 mi65, Caernarvon Road, Norwich, Norfolk NR2 3HY2
£230K06/230.27 mi23, Swansea Road, Norwich, Norfolk NR2 3HU2
£282.5K11/230.27 mi50, Mornington Road, Norwich, Norfolk NR2 3ND2
£275K09/220.27 mi48, Rose Valley, Norwich, Norfolk NR2 2PX2
£367.5K04/230.28 mi32, Cardiff Road, Norwich, Norfolk NR2 3HS2
£265.4K09/230.28 mi61, Pembroke Road, Norwich, Norfolk NR2 3HD2
£275K09/210.31 mi36, Bury Street, Norwich, Norfolk NR2 2DN2
£260K12/200.31 mi38, Bury Street, Norwich, Norfolk NR2 2DN2
£275K06/210.31 mi80, Caernarvon Road, Norwich, Norfolk NR2 3HX2
£265K06/210.31 mi23, Denbigh Road, Norwich, Norfolk NR2 3HH2
£264K04/230.31 mi67, Gloucester Street, Norwich, Norfolk NR2 2DX2
£295K09/230.31 mi27, Gloucester Street, Norwich, Norfolk NR2 2DX2
£278K11/230.31 mi25, Gloucester Street, Norwich, Norfolk NR2 2DX2
£227K12/200.32 mi20, Denbigh Road, Norwich, Norfolk NR2 3AA2
£207.5K01/240.32 mi15, Denbigh Road, Norwich, Norfolk NR2 3AA2
£290K11/230.32 mi109, Onley Street, Norwich, Norfolk NR2 2EA2
£246.1K07/230.35 mi52, Caernarvon Road, Norwich, Norfolk NR2 3HX2
£245K03/210.35 mi131, Bury Street, Norwich, Norfolk NR2 2DL2
£232K11/230.35 mi20, Rutland Street, Norwich, Norfolk NR2 2AZ2
£210K05/210.35 mi22, Rutland Street, Norwich, Norfolk NR2 2AZ2
£262.5K12/210.37 mi50, Wellington Road, Norwich, Norfolk NR2 3HT2
£262.5K09/210.37 mi45, Wellington Road, Norwich, Norfolk NR2 3HT2
£265K02/210.37 mi19, Wellington Road, Norwich, Norfolk NR2 3HT2
£307.5K03/230.37 mi36, Wellington Road, Norwich, Norfolk NR2 3HT2
£207K04/210.37 mi6, Waldeck Road, Norwich, Norfolk NR4 7PG2
£318K12/200.38 mi48, Cambridge Street, Norwich, Norfolk NR2 2BB2
£318K12/200.38 mi48, Cambridge Street, Norwich, Norfolk NR2 2BB2
£347K10/230.38 mi39, Havelock Road, Norwich, Norfolk NR2 3HQ2
£245.5K05/210.38 mi17, Waldeck Road, Norwich, Norfolk NR4 7PG2

Local Rents

50 rents from £695/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,30003/240.06 miCollege Road, Norwich, NR22
£1,10007/240.06 miGlebe Road, Norwich, NR22
£1,10008/240.06 miGlebe Road, Norwich, NR22
£1,10009/240.06 mi-2
£1,09506/240.09 miLincoln Street, Norwich, Norfolk, NR22
£1,19511/240.11 mi-2
£1,42503/250.11 mi-2
£1,14502/250.16 mi-2
£1,29502/250.16 mi-2
£1,45005/240.17 mi-2
£1,50012/240.17 mi-2
£1,40006/240.17 miUnthank Road, NORWICH2
£99507/240.18 miDover Street, Norwich, Norfolk, NR22
£95006/240.21 miNorwich2
£1,09502/250.23 mi-2
£1,10006/240.24 miMuriel Road, Norwich, NR22
£90002/250.25 mi-2
£1,20006/240.25 mi-2
£1,15007/240.25 miBury Street, NORWICH2
£1,05006/240.26 miCaernarvon Road, Norwich2
£1,20006/240.27 miUnthank Road, NORWICH2
£99507/240.28 miRose Valley, Off Unthank Road, Norwich2
£1,25006/240.28 miSwansea Road, Norwich, NR22
£1,20006/240.28 miPembroke Road, NORWICH2
£1,32507/240.29 miDenbigh Road, Norwich, Norfolk, NR22
£1,20002/250.3 mi-2
£1,30012/240.31 mi-2
£1,10006/240.31 miBury Street, NORWICH2
£95006/240.31 miBury Street, Norwich, NR22
£1,20003/240.31 miBury Street, Norwich, NR2 2DN2
£2,90010/240.31 mi-2
£1,64703/250.32 mi-2
£1,14002/250.32 mi-2
£1,60002/250.33 mi-2
£1,25006/240.33 mi-2
£1,25006/240.33 miOnley Street, Norwich2
£1,15006/240.35 miCaernarvon Road, Norwich2
£1,10006/240.35 miBury Street, Norwich2
£88007/240.36 miKinghorn Road, NR22
£95007/240.36 mi-2
£95007/240.36 miDenbigh House, Norwich, NR22
£69506/240.38 miCambridge Court, Cambridge Street, Norwich, NR22
£1,20009/240.39 miTrinity Court, Norwich, NR22
£87511/240.39 mi-2
£1,15007/240.42 miUnthank Road, NR2 2PB2
£1,10006/240.44 miNewmarket Street, Norwich2
£1,25006/240.45 mi-2
£1,15001/250.45 mi-2
£1,20008/240.45 miLeicester Street, Norwich, NR22
£1,20006/240.46 miLeicester Street, Norwich, NR22

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

1.43 miles away

Nearest school

0.20 miles away

Nearest train station

1.54 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £250,000

March 12, 2025

Listed for £285,000

February 5, 2025

Floor Plans

Description

  • Mid Terrace House +
  • Entrance Porch +
  • Open Plan Lounge/Dining Room +
  • Kitchen +
  • Two Bedrooms Off Landing +
  • Bathroom Off Landing +
  • Rear Garden +
  • In Need Of Updating +

Property Summary
* NO CHAIN on this mid terrace house located in the very popular Golden Triangle area of Norwich. The property has entrance porch, open plan lounge/dining room, kitchen, TWO BEDROOMS & BATHROOM OFF LANDING and a rear garden *

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

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