3 Bed Bungalow, Single Let, Norwich, NR15 2PH, £210,000

St Michaels Road, Long Stratton, NR15 2PH - 2 months ago

BTL
~93 m²
+12 photos

ValuationUndervalued

Sold Prices£105K - £330K
Sold Prices/m²£1.6K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£2.3K/m²

Value Estimate

£252,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Total Cash In

£65,900

 

 

Cash Out

 

Rent Range

£675 - £2,000

Rent Estimate

£695

Running Costs/mo

£815

Cashflow/mo

£-120

Cashflow/yr

£-1,443

Gross Yield

4%

Local Sold Prices

50 sold prices from £105K to £330K, average is £240K. £1.6K/m² to £4.3K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£250K08/230.1 miChurch House, Norwich Road, Long Stratton, Norwich, Norfolk NR15 2PG3
£215K06/230.17 mi2, St Andrews Close, Long Stratton, Norwich, Norfolk NR15 2PN3
£225K10/200.18 mi37, Field Acre Way, Long Stratton, Norwich, Norfolk NR15 2WE3
£240K05/210.18 mi12, Field Acre Way, Long Stratton, Norwich, Norfolk NR15 2WE3
£277K02/240.18 mi23, Field Acre Way, Long Stratton, Norwich, Norfolk NR15 2WE3
£245K12/210.21 mi18, St James Way, Long Stratton, Norwich, Norfolk NR15 2PL3
£285K04/210.22 mi1, Fairfield Close, Long Stratton, Norwich, Norfolk NR15 2WT3
£318K02/230.24 miMelrose Cottage, The Street, Long Stratton, Norwich, Norfolk NR15 2AH3
£240K10/230.25 mi38, Churchfields Road, Long Stratton, Norwich, Norfolk NR15 2WH3
£265K08/220.25 mi36, Churchfields Road, Long Stratton, Norwich, Norfolk NR15 2WH3
£212.8K12/200.25 mi58, Hill Farm Road, Long Stratton, Norwich, Norfolk NR15 2WA3
£227K02/210.25 mi31, Hill Farm Road, Long Stratton, Norwich, Norfolk NR15 2WA3
£225K04/210.25 mi24, Hill Farm Road, Long Stratton, Norwich, Norfolk NR15 2WA3
£225K01/210.25 mi50, Hill Farm Road, Long Stratton, Norwich, Norfolk NR15 2WA3
£320K10/220.25 mi25, Hill Farm Road, Long Stratton, Norwich, Norfolk NR15 2WA3
£235K12/200.26 mi8, Folkard Close, Long Stratton, Norwich, Norfolk NR15 2WL3
£210K03/230.27 mi17, St Davids Close, Long Stratton, Norwich, Norfolk NR15 2PP3
£210K10/230.27 mi14, St Davids Close, Long Stratton, Norwich, Norfolk NR15 2PP3
£210K10/230.27 mi15, St Davids Close, Long Stratton, Norwich, Norfolk NR15 2PP3
£200K03/210.29 mi7, Greenfield Way, Long Stratton, Norwich, Norfolk NR15 2WP3
£215K05/240.29 mi7, Greenfield Way, Long Stratton, Norwich, Norfolk NR15 2WP3
£290K02/230.3 mi17, Swan Lane, Long Stratton, Norwich, Norfolk NR15 2XN3
£225K11/230.3 mi2, Swan Lane, Long Stratton, Norwich, Norfolk NR15 2XN3
£300K12/220.32 mi31, Hill Farm Road, Long Stratton, Norwich, Norfolk NR15 2WA3
£275K05/210.33 mi5, Yew Tree Hollow, Long Stratton, Norwich, Norfolk NR15 2QY3
£270K12/220.33 mi7, Oakfield Road, Long Stratton, Norwich, Norfolk NR15 2WB3
£240K06/230.34 mi2, Beech Court, Long Stratton, Norwich, Norfolk NR15 2WY3
£240K04/210.35 mi18, Springfield Chase, Long Stratton, Norwich, Norfolk NR15 2WQ3
£198K10/220.42 mi2, The Street, Long Stratton, Norwich, Norfolk NR15 2XJ3
£260.1K12/220.46 mi55, Francis Road, Long Stratton, Norwich, Norfolk NR15 2XT3
£315K11/220.46 mi24, Francis Road, Long Stratton, Norwich, Norfolk NR15 2XT3
£275K12/200.49 mi1, Welford Court, Long Stratton, Norwich, Norfolk NR15 2XL3
£190K05/210.51 mi87, Manor Road, Long Stratton, Norwich, Norfolk NR15 2XS3
£250K05/230.51 mi21, Sturmy Close, Long Stratton, Norwich, Norfolk NR15 2XU3
£330K05/230.53 mi15, Ice House Court, Long Stratton, Norwich, Norfolk NR15 2TQ3
£250K11/200.55 mi10, Manor Park Gardens, Long Stratton, Norwich, Norfolk NR15 2TR3
£320K06/210.55 mi11, Manor Park Gardens, Long Stratton, Norwich, Norfolk NR15 2TR3
£225K05/230.56 mi3, Welholmes Close, Long Stratton, Norwich, Norfolk NR15 2XZ3
£270K02/230.57 mi59, Jermyn Way, Tharston, Norwich, Norfolk NR15 2ZA3
£290K06/230.62 mi6, Chequers Road, Tharston, Norwich, Norfolk NR15 2YA3
£280K09/230.62 mi18, John Hill Close, Long Stratton, Norwich, Norfolk NR15 2PT3
£330K03/210.63 mi17, Bayspole Road, Long Stratton, Norwich, Norfolk NR15 2PW3
£160K07/210.66 miThe White House, Ipswich Road, Long Stratton, Norwich, Norfolk NR15 2TA3
£300K08/230.66 miSt. Faith, Ipswich Road, Long Stratton, Norwich, Norfolk NR15 2TA3
£230K12/200.67 mi4, Chequers Close, Tharston, Norwich, Norfolk NR15 2YX3
£158K10/200.69 miHall Farm Bungalow, Hall Lane, Tharston, Norwich, Norfolk NR15 2YF3
£248K10/220.69 mi20, Glebe Close, Long Stratton, Norwich, Norfolk NR15 2TZ3
£187K04/210.69 mi2, Glebe Close, Long Stratton, Norwich, Norfolk NR15 2TZ3
£230K02/210.69 mi11, Glebe Close, Long Stratton, Norwich, Norfolk NR15 2TZ3
£105K06/210.7 mi32, Suffield Close, Long Stratton, Norwich, Norfolk NR15 2JL3

Local Rents

21 rents from £675/mo to £2K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£97506/240.1 miNorwich Road, NR153
£85002/250.11 mi-2
£89508/240.2 miSt. Michaels Road, NR152
£80008/240.2 miSt Michaels Road, Long Stratton, NR152
£70008/240.24 miThe Street, NR152
£1,55008/240.25 miChurchfields Road4
£69506/240.25 miChurchfields Road,Long Stratton,NR151
£86507/240.29 miThe Street, Long Stratton, Norwich, NR152
£86507/240.29 mi-2
£1,65006/240.3 miHolmes Close4
£1,65008/240.3 miHolmes Close4
£72503/240.32 miThe Street, NR151
£69512/240.36 mi-1
£89507/240.55 miManor Park Gardens, Long Stratton, NR152
£67503/240.55 miThe Street, NR151
£97510/230.61 mi-3
£1,25006/240.61 miJermyn Way3
£1,15007/240.63 miJermyn Way, Tharston3
£2,00006/241.27 miWood Green, NR155
£1,50006/241.98 miShelton Spot, Shelton, Norwich, Norfolk, NR154
£1,95008/242.03 miFritton4

Local Area Statistics

Population in NR15

15,806

Population in Norwich

366,887

Town centre distance

10.40 miles away

Nearest school

0.40 miles away

Nearest train station

6.95 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £210,000

February 11, 2025

Floor Plans

Description

  • Semi Detached Bungalow +
  • Excellent opportunity for further improvement +
  • Three Bedrooms +
  • Good sized Kitchen/Dining Room +
  • Popular Location +
  • Ample driveway parking +

Extended three bedroom semi detached bungalow in the hugely popular area of Long Stratton and has garage and driveway parking. The property has been extended to create a well proportioned kitchen/dining room but would benefit from further investment to bring it up to a modern standard and enjoys a lovely sized garden, oil fired central heating throughout, uPVC double glazing.

Agent Details

Howards, covering Long Stratton

01508 505543

Next Steps?

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