5 Bed Detached House, Single Let, Norwich, NR4 7LA, £1,500,000

Newmarket Road, Norwich, Norfolk, NR4 7LA - 2 months ago

BTL
~178 m²
+14 photos

ValuationOvervalued

Sold Prices£245K - £1.4M
Sold Prices/m²£2.8K/m² - £7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£8.4K/m²

Value Estimate

£610,748

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£375,000

Stamp Duty & Legal Fees

£137,450

Total Cash In

£512,450

 

 

Cash Out

 

Rent Range

£1,095 - £3,900

Rent Estimate

£1,305

Running Costs/mo

£4,969

Cashflow/mo

£-3,663

Cashflow/yr

£-43,962

Gross Yield

1%

Local Sold Prices

30 sold prices from £245K to £1.4M, average is £678.5K. £2.8K/m² to £7K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£880K12/220.05 mi15, Poplar Avenue, Norwich, Norfolk NR4 7LB5
£695K11/230.24 mi470, Unthank Road, Norwich, Norfolk NR4 7QJ5
£370K02/230.24 mi37, Leng Crescent, Norwich, Norfolk NR4 7NY5
£1.1M08/240.28 mi187, Newmarket Road, Norwich, Norfolk NR4 6AP5
£1.1M06/210.39 mi83, Church Lane, Eaton, Norwich, Norfolk NR4 6NY5
£825K08/230.44 mi426, Unthank Road, Norwich, Norfolk NR4 7QH5
£955K12/200.46 mi1, Judges Drive, Norwich, Norfolk NR4 7QQ5
£950K02/210.48 mi13, Colney Lane, Cringleford, Norwich, Norfolk NR4 7RE5
£740K03/230.54 mi17, Judges Walk, Norwich, Norfolk NR4 7QF5
£605K11/220.58 mi6, St Peters Close, Norwich, Norfolk NR4 6UL5
£595K01/210.62 mi4, Keswick Close, Norwich, Norfolk NR4 6UW5
£985K02/230.66 mi381, Unthank Road, Norwich, Norfolk NR4 7QG5
£350K06/210.66 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB5
£540K09/210.76 mi6, Tungate Crescent, Norwich, Norfolk NR4 6UZ5
£1.1M10/220.78 mi54, Branksome Road, Norwich, Norfolk NR4 6SW5
£246K06/210.85 mi158, Northfields, Norwich, Norfolk NR4 7EX5
£245K11/230.85 mi186, Northfields, Norwich, Norfolk NR4 7EX5
£685K04/210.85 mi17, Cantley Lane, Norwich, Norfolk NR4 6TA5
£470K03/210.86 mi5, Fern Drive, Cringleford, Norwich, Norfolk NR4 7JT5
£580K11/220.91 mi10, Patteson Close, Norwich, Norfolk NR4 6XX5
£672K05/240.92 mi40, Mile End Road, Norwich, Norfolk NR4 7QX5
£1.0M03/230.92 mi19, Mile End Road, Norwich, Norfolk NR4 7QX5
£1.4M05/210.92 mi111, Newmarket Road, Norwich, Norfolk NR2 2HT5
£555K03/210.93 mi6, Woodgate, Norwich, Norfolk NR4 6XT5
£715K03/230.94 mi36, Mile End Road, Norwich, Norfolk NR4 7QY5
£555K11/210.94 mi20, Mile End Road, Norwich, Norfolk NR4 7QY5
£532K03/210.94 mi14, Mile End Road, Norwich, Norfolk NR4 7QY5
£585K04/210.95 mi30, Constable Road, Norwich, Norfolk NR4 6RW5
£785K06/210.96 mi4, Statham Close, Norwich, Norfolk NR4 6PT5
£550K05/210.98 mi24, Armitage Close, Norwich, Norfolk NR4 6XZ5

Local Rents

50 rents from £1.1K/mo to £3.9K/mo, average is £1.9K/mo.

RentDateDistanceAddressBeds 
£3,90012/240.04 miNewmarket Road, Norwich, Norfolk, NR48
£3,05006/240.12 miChestnut Hill, Norwich, NR46
£1,80012/240.14 miBek Close, Norwich, NR44
£1,80012/240.15 miBek Close, Norwich, NR44
£1,20012/240.2 miHavant Close, NORWICH3
£1,40006/240.2 miNorvic Drive, NR43
£1,55012/240.2 miNorvic Drive, NORWICH3
£2,20006/240.24 miUnthank Road, Norwich4
£2,60012/240.24 miLeng Crescent, Norwich, NR46
£1,45012/240.3 mi-3
£1,30001/240.3 miLeng Crescent, Norwich3
£2,60012/240.31 miLeng Crescent, Norwich6
£1,52011/240.31 mi-4
£1,40012/240.31 miEbbisham Drive, Norwich3
£3,00006/240.31 miLeng Crescent, Norwich, NR46
£1,56006/240.32 miOsbourne Road, NR44
£1,34012/240.32 miBlakeney Close, Eaton, NR44
£2,60006/240.32 miLeng Crescent, Norwich, NR46
£1,40012/240.34 mi-4
£1,85006/240.36 miOsborne Road, Norwich, Norfolk, NR44
£1,90006/240.39 mi-3
£2,00006/240.39 mi-3
£2,00003/250.39 mi-3
£2,40012/240.39 miThe Loke, Cringleford, NORWICH4
£2,25006/240.4 miPeckover Road, Norwich, NR45
£1,60002/240.4 miPeckover Road, Norwich4
£1,55012/240.4 mi-3
£1,47512/240.4 mi-3
£3,00012/240.4 miNasmith Road, Norwich5
£2,60012/240.4 miNasmith Road, NORWICH5
£1,80006/240.41 miBrentwood, Norwich, NR43
£1,80006/240.41 miPettus Road, Norwich, 4
£2,75006/240.41 miSumpter Road, Norwich, NR45
£2,20006/240.41 miSumpter Road, Norwich4
£1,60003/240.42 miNasmith Road, Norwich4
£1,65012/240.42 mi-4
£3,30006/240.42 miNasmith Road6
£2,60012/240.42 miNasmith Road, Norwich5
£2,75006/240.42 miNasmith Road, Norwich5
£2,75006/240.42 miNasmith Road, Norwich, NR45
£1,90006/240.43 miNasmith Road, Norwich, NR44
£1,09512/240.44 miIntwood Road, Cringleford, Norwich, NR43
£2,10003/240.44 miNasmith Road, Norwich, NR45
£2,10012/240.45 miNasmith Road, Norwich5
£2,75006/240.45 miPeckover Road, Norwich, NR45
£2,00012/240.49 miPettus Road, Norwich, Norfolk, NR44
£1,49506/240.49 miPettus Road, NORWICH4
£1,65012/240.5 mi-4
£1,75002/250.5 mi-4
£1,75003/250.5 mi-4

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

2.65 miles away

Nearest school

0.50 miles away

Nearest train station

2.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £1,500,000

February 5, 2025

Floor Plans

Description

  • Impressive detached house +
  • About 4,170 sq ft of accommodation +
  • Stunning period features +
  • About 0.38 acres of beautiful gardens +
  • Swimming pool +
  • Double and driveway +
  • Desirable location +
  • EPC Rating = D +

An impressive Victorian house with stunning period features in about 0.38 acres of beautiful gardens and a heated swimming pool.

Description

This impressive detached house, dating back to the 1840s, is set back from the road and screened by mature trees, providing privacy. It is accessed via a private road, Poplar Avenue.

The property boasts spacious living and entertaining areas, totalling 4,170 square feet. The house is rich in period features, including detailed panelling, striking fireplaces, and high ceilings. The current owners have carefully renovated the home, introducing modern comforts such as a new heating system and updated windows, while preserving its original charm. An impressive extension has created a new reception room, featuring roof lanterns and bifold doors that open onto the garden, seamlessly blending indoor and outdoor spaces.

Inside, the home offers a formal dining room, which leads into the main reception room with a stunning fireplace that adds to the room's elegant character. The spacious reception hall, adorned with beautiful panelled walls, also includes a ground-floor cloakroom. The modern kitchen and breakfast room provide a welcoming space for everyday living and offer bifold doors leading directly into the garden. Adjacent to the kitchen, there is a utility room and a boot room. A second staircase leads from the kitchen to the first floor.

The first floor accommodates five generously sized bedrooms, with the principal bedroom offering a vaulted ceiling, an en suite shower room, and a dressing area. In addition, there are two further bathrooms serving the other bedrooms.

The beautifully landscaped garden is a standout feature of the property, with various points of interest such as a swimming pool, a pond, mature trees, and a charming summer house. A pathway leads to double gates that open onto Newmarket Road, adding a sense of convenience and accessibility to this idyllic home.

Location

Oakcroft is situated in one of Norwich’s most sought after residential districts, lying between the city centre and the suburbs of Eaton and Cringleford, where there is a Waitrose supermarket, pharmacy, opticians, public houses, hairdressers and post office. There are also lovely walks along the river and marshes.

Eaton Park is about one mile away and offers golfing, tennis courts, a cafe, skate park, basketball courts, children’s amenities and beautiful gardens.

The thriving city centre of Norwich provides excellent retail, gastronomic and cultural offerings with vibrant and award winning covered market, a plethora of cafes and restaurants to suit all tastes, theatres, galleries and a vibrant art sector. The city has a deep history, with a timeline of architecture, and is carefully managed to strike the right balance of independent and nationwide retail offerings.

Private and state school education can be found in a number of schools nearby including Town Close House, Norwich School, Norwich High School for Girls and Notre Dame High School, alongside the University of East Anglia.

Norwich has established transport links, with a mainline rail service to London Liverpool Street and an international airport to the north of the city.

Square Footage: 4,170 sq ft

Acreage: 0.38 Acres

Additional Info

Services
Mains gas, electricity, water and drainage.

Local Authority
Norwich City Council
Tax band G

Viewings
Strictly by appointment with Savills. If there is any point which is of particular importance to you, we invite you to discuss this with us, especially before you travel to view the property.

Agent Details

Savills, Norwich

01603 361924

Next Steps?

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