3 Bed Semi-Detached House, Refurb/BRRR, Norwich, NR1 2NT, £220,000

11 Theobald Road, Norwich, NR1 2NT - 1 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+5 photos

ValuationFair Value

Sold Prices£170K - £305K
Sold Prices/m²£1.6K/m² - £4K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£219,214

 

 

End Value (After Refurb)

£239,509

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Refurb Costs

£41,983

Bridging Loan Interest

£5,775

Total Cash In

£112,308

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£239,509

Mortgage (After Refinance)

£179,632

Mortgage LTV

75%

Cash Released

£14,632

Cash Left In

£97,676

Equity

£59,877

Rent Range

£900 - £1,650

Rent Estimate

£1,294

Running Costs/mo

£1,027

Cashflow/mo

£267

Cashflow/yr

£3,201

ROI

3%

Gross Yield

7%

Local Sold Prices

50 sold prices from £170K to £305K, average is £225K. £1.6K/m² to £4K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£197.5K09/200.04 mi12, Theobald Road, Norwich, Norfolk NR1 2NT3
£218K03/210.04 mi58, Theobald Road, Norwich, Norfolk NR1 2NT3
£267K11/220.04 mi52, Theobald Road, Norwich, Norfolk NR1 2NT3
£235K05/240.04 mi50, Theobald Road, Norwich, Norfolk NR1 2NT3
£253.4K05/230.05 mi14, Coleburn Road, Norwich, Norfolk NR1 2PA3
£200K11/200.06 mi13, Astell Road, Norwich, Norfolk NR1 2NU3
£193K02/240.06 mi16, Astell Road, Norwich, Norfolk NR1 2NU3
£235.6K06/240.08 mi46, Sandy Lane, Norwich, Norfolk NR1 2AB3
£182.5K01/210.12 mi12, Sandy Lane, Norwich, Norfolk NR1 2PB3
£198K12/200.14 mi140, Theobald Road, Norwich, Norfolk NR1 2NX3
£170.5K06/210.15 mi82, Coleburn Road, Norwich, Norfolk NR1 2NZ3
£230K03/230.15 mi66, Coleburn Road, Norwich, Norfolk NR1 2NZ3
£220K01/230.15 mi55, Coleburn Road, Norwich, Norfolk NR1 2NZ3
£235K08/230.15 mi20, Osbert Close, Norwich, Norfolk NR1 2NL3
£190K11/200.15 mi8, Osbert Close, Norwich, Norfolk NR1 2NL3
£180K02/210.21 mi63, Harwood Road, Norwich, Norfolk NR1 2NG3
£220K10/210.28 mi178, Theobald Road, Norwich, Norfolk NR1 2NY3
£255K12/220.28 mi99, Theobald Road, Norwich, Norfolk NR1 2NY3
£240K08/230.31 mi2, Cranage Road, Norwich, Norfolk NR1 2ND3
£170K10/200.33 mi139, Barrett Road, Norwich, Norfolk NR1 2LS3
£237.5K08/230.35 mi18, Fitzgerald Road, Norwich, Norfolk NR1 2NF3
£233K11/210.35 mi42, Fitzgerald Road, Norwich, Norfolk NR1 2NF3
£201K09/230.35 mi30, Fitzgerald Road, Norwich, Norfolk NR1 2NF3
£205K04/210.35 mi420, Hall Road, Norwich, Norfolk NR4 6NF3
£220K11/230.35 mi420, Hall Road, Norwich, Norfolk NR4 6NF3
£222.5K02/240.35 mi426, Hall Road, Norwich, Norfolk NR4 6NF3
£205K02/210.35 mi432, Hall Road, Norwich, Norfolk NR4 6NF3
£260K12/200.37 mi29, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£250K10/230.37 mi31, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£252K12/220.37 mi41, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£262.2K03/230.37 mi59, Robin Hood Road, Norwich, Norfolk NR4 6BS3
£185K02/210.38 mi148, Barrett Road, Norwich, Norfolk NR1 2RT3
£235K09/220.39 mi86, Tuckswood Lane, Norwich, Norfolk NR4 6BQ3
£225K10/230.39 mi67, Scarlet Road, Norwich, Norfolk NR4 6BW3
£250K09/230.39 mi31, Scarlet Road, Norwich, Norfolk NR4 6BW3
£225K09/210.4 mi124, Mansfield Lane, Norwich, Norfolk NR1 2LG3
£200K03/210.4 mi304, Hall Road, Norwich, Norfolk NR4 6NE3
£305K08/220.41 mi69, Scarlet Road, Norwich, Norfolk NR4 6BW3
£245K11/220.41 mi76, Locksley Road, Norwich, Norfolk NR4 6LF3
£225K11/200.41 mi86, Locksley Road, Norwich, Norfolk NR4 6LF3
£237.5K03/230.41 mi42, Randolf Road, Norwich, Norfolk NR1 2RU3
£245K01/230.42 mi33, Coke Road, Norwich, Norfolk NR1 2LW3
£215.5K06/230.42 mi4, Coke Road, Norwich, Norfolk NR1 2LW3
£250K05/230.43 mi27, Beeching Road, Norwich, Norfolk NR1 2LE3
£185K05/210.43 mi11, Beeching Road, Norwich, Norfolk NR1 2LE3
£220K08/210.43 mi6, Elwyn Road, Norwich, Norfolk NR1 2RX3
£190K10/210.47 mi7, Allanadale Road, Norwich, Norfolk NR4 6DA3
£245K03/230.47 mi3, Beeching Road, Norwich, Norfolk NR1 2LE3
£240K12/230.47 mi72, Lakenham Road, Norwich, Norfolk NR4 6BB3
£180K10/200.48 mi33, Latimer Road, Norwich, Norfolk NR1 2RR3

Local Rents

20 rents from £900/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.37 miRobin Hood Road, Norwich3
£90001/240.39 mi-3
£1,40002/240.41 mi-3
£1,50012/240.41 mi-3
£1,30012/240.47 miLittle John Road, Norwich, NR43
£1,30012/240.47 mi-3
£1,10006/240.53 miLong John Hill, Norwich3
£1,10012/240.53 miLong John Hill, Norwich3
£1,50006/240.94 miBracondale Millgate, Norwich, Norfolk, NR13
£1,65012/240.98 miCarlyle Road, Norwich, Norfolk, NR13
£1,25012/240.98 miCricket Ground Road, Norwich3
£1,25006/241.13 miThe Walnuts, Norwich, 3
£1,30006/241.14 miGrove Avenue, Norwich, NR13
£1,40006/241.14 miGrove Avenue, Norwich, 3
£1,30002/251.18 mi-3
£1,50002/251.2 mi-3
£1,35003/241.21 miHanover Road, Norwich NR2 2HD3
£1,09005/241.21 mi-3
£1,29512/241.22 miAlan Road, Norwich3
£99506/241.22 miStuart Road, Norwich3

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

2.46 miles away

Nearest school

0.30 miles away

Nearest train station

1.65 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £220,000

February 6, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SEMI DETACHED HOUSE +
  • THREE BEDROOMS +
  • PARKING TO REAR +
  • IN NEED OF MODERNISATION +

OFFERED WITH NO ONWARD CHAIN Gilson Bailey are delighted to offer this THREE BEDROOM, SEMI DETACHED HOUSE situated to the south of Norwich. Accommodation comprising entrance hall, lounge, kitchen, utility room and WC to the ground floor. On the first floor there are THREE BEDROOMS and a bathroom off landing. Outside there is a lawned front garden and a LARGE REAR GARDEN with rear vehicle access providing OFF ROAD PARKING. The house benefits from double glazing, gas heating and is OFFERED WITH NO ONWARD CHAIN. The property would make an excellent first time purchase or project so be quick to book a viewing to appreciate the potential on offer.

Location - Theobold road is situated south of the City centre of Norwich in the heart of Lakenham within reasonable distance to a good selection of local amenities including local shop, pubs, supermarket and DIY stores. There are also good public transport links in and out of the City centre and easy access out onto the Southern Bypass.

Accommodation Comprises - Front door to:

Entrance Hall - Doors to lounge, kitchen and stairs to first floor.

Lounge - 5.92 x 3.17 (19'5" x 10'4") - Two double glazed windows, radiator.

Kitchen - 3.72 x 2.80 (12'2" x 9'2") - Fitted wall and base units with worktops over, sink and drainer, space for cooker and fridge, double glazed window, radiator.

Utility Room - 3.38 x 2.06 (11'1" x 6'9") - Space for washing machine, door to rear.

Wc - Low level WC.

First Floor Landing - Doors to three bedrooms and bathroom.

Bedroom One - 3.63 x 3.30 (11'10" x 10'9") - Double glazed window, radiator.

Bedroom Two - 3.72 x 2.81 (12'2" x 9'2") - Double glazed window, radiator.

Bedroom Three - 3.63 x 2.55 (11'10" x 8'4") - Double glazed window, radiator.

Bathroom - 2.07 x 1.78 (6'9" x 5'10") - Panelled bath, low level WC, hand wash basin, frosted double glazed window.

Outside Front - Lawned garden with path to front door.

Outside Rear - Large lawned garden with rear vehicle access for off road parking.

Local Authority - Norwich City Council, Tax Band B.

Tenure - Freehold

Utilities - Full fibre broadband available.
Mains water and electric.

Agent Details

Gilson Bailey, Norwich

01603 361812

Next Steps?

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