4 Bed Semi-Detached House, Single Let, Norwich, NR7 0YQ, £250,000

16 Newbury Way, Norwich, NR7 0YQ - 3 months ago

BTL
ROI: 2%
~129 m²
+9 photos

ValuationUndervalued

Sold Prices£280K - £1.2M
Sold Prices/m²£2.2K/m² - £8.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£317,200
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£9,500

Total Cash In

£72,000

 

 

Cash Out

 

Rent Range

£1,150 - £2,500

Rent Estimate

£1,178

Running Costs/mo

£1,037

Cashflow/mo

£141

Cashflow/yr

£1,694

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £280K to £1.2M, average is £354.8K. £2.2K/m² to £8.9K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£385K03/210.07 mi71, Winstanley Road, Norwich, Norfolk NR7 0YH4
£317.5K03/210.07 mi18, Winstanley Road, Norwich, Norfolk NR7 0YH4
£372.5K07/230.13 mi58, Bunyan Close, Norwich, Norfolk NR7 0UZ4
£435K12/220.14 mi6, Naseby Way, Norwich, Norfolk NR7 0TP4
£360K12/200.14 mi4, Culverin Close, Norwich, Norfolk NR7 0TT4
£320K08/210.18 mi18, Musketeer Way, Norwich, Norfolk NR7 0YW4
£403K07/230.19 mi11, Commonwealth Way, Norwich, Norfolk NR7 0UR4
£290K08/210.2 mi4, Naseby Way, Norwich, Norfolk NR7 0TP4
£325K06/210.2 mi10, Dragoon Close, Norwich, Norfolk NR7 0YL4
£380K01/210.2 mi14, Dragoon Close, Norwich, Norfolk NR7 0YL4
£327.5K01/210.2 mi1, Dragoon Close, Norwich, Norfolk NR7 0YL4
£320K11/200.21 mi60, Naseby Way, Norwich, Norfolk NR7 0TP4
£406K06/210.22 mi20, Hampden Drive, Norwich, Norfolk NR7 0UT4
£380K03/210.23 mi34, Desborough Way, Norwich, Norfolk NR7 0RR4
£352.5K12/200.23 mi26, Desborough Way, Norwich, Norfolk NR7 0RR4
£350K11/210.23 mi42, Desborough Way, Norwich, Norfolk NR7 0RR4
£310K11/200.27 mi1, Maidens Close, Norwich, Norfolk NR7 0RS4
£340K01/210.28 mi3, Roundhead Court, Norwich, Norfolk NR7 0TD4
£410K12/220.29 mi8, Skippon Way, Norwich, Norfolk NR7 0RU4
£315K06/210.3 mi33, Association Way, Thorpe St Andrew, Norwich, Norfolk NR7 0TQ4
£340K09/210.3 mi1, Association Way, Thorpe St Andrew, Norwich, Norfolk NR7 0TQ4
£348K08/230.3 mi4, Association Way, Thorpe St Andrew, Norwich, Norfolk NR7 0TQ4
£305K03/210.3 mi31, Association Way, Thorpe St Andrew, Norwich, Norfolk NR7 0TQ4
£415K03/230.3 mi31, Association Way, Thorpe St Andrew, Norwich, Norfolk NR7 0TQ4
£325K12/200.31 mi10, Montrose Court, Norwich, Norfolk NR7 0RY4
£340K08/230.32 mi10, Vane Close, Thorpe St Andrew, Norwich, Norfolk NR7 0US4
£345K11/210.32 mi79, Vane Close, Norwich, Norfolk NR7 0US4
£402.3K09/210.33 mi18, Cornet Close, Thorpe St Andrew, Norwich, Norfolk NR7 0ZF4
£357K03/210.33 mi12, Cornet Close, Thorpe St Andrew, Norwich, Norfolk NR7 0ZF4
£382K10/230.35 mi8, Waller Close, Norwich, Norfolk NR7 0RN4
£322.5K03/210.36 mi1, Joyce Way, Thorpe St Andrew, Norwich, Norfolk NR7 0ZG4
£380K06/230.38 mi5, Gunner Close, Norwich, Norfolk NR7 0YR4
£300K03/210.39 mi50, Pym Close, Norwich, Norfolk NR7 0QP4
£515K12/220.52 mi70, Longfields Road, Norwich, Norfolk NR7 0NA4
£430K01/210.55 mi41, St Catherines Road, Norwich, Norfolk NR7 0XR4
£318K12/200.62 mi41, Laundry Lane, Thorpe St Andrew, Norwich, Norfolk NR7 0XG4
£785K06/230.65 mi17, St Andrews Close, Norwich, Norfolk NR7 0RJ4
£350K11/230.7 mi63, South Hill Road, Norwich, Norfolk NR7 0NG4
£280K10/230.76 mi25, Spinney Road, Norwich, Norfolk NR7 0PL4
£287K01/240.76 mi15, Oak Avenue, Norwich, Norfolk NR7 0PD4
£750K06/230.87 mi10, Hilly Plantation, Norwich, Norfolk NR7 0JL4
£1.2M12/200.87 mi19, Hilly Plantation, Norwich, Norfolk NR7 0JN4
£1.2M12/200.87 mi19, Hilly Plantation, Norwich, Norfolk NR7 0JN4
£500K01/210.88 mi18, School Avenue, Norwich, Norfolk NR7 0QU4
£386K08/230.91 mi32, Beechwood Drive, Norwich, Norfolk NR7 0LP4
£380K02/230.91 mi33, Belmore Road, Thorpe St Andrew, Norwich, Norfolk NR7 0PT4
£340.5K04/210.92 mi9, Thorpe Avenue, Norwich, Norfolk NR7 0XA4
£334.5K01/210.94 mi10, Spinney Road, Norwich, Norfolk NR7 0PW4
£600K01/210.97 mi28, Plumstead Road, Thorpe End, Norwich, Norfolk NR13 5AJ4
£382.5K01/230.99 mi199, Thunder Lane, Norwich, Norfolk NR7 0JF4

Local Rents

17 rents from £1.1K/mo to £2.5K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,19512/240.13 miBunyan Close, Norwich, Norfolk, NR73
£1,59506/240.13 miBunyan Close, Norwich4
£1,20012/240.15 mi-3
£1,50006/240.17 miNaseby Way, Norwich4
£1,55012/240.17 miLenthall Close, Norwich4
£1,15003/240.22 mi-3
£1,25006/240.22 miNewcastle Close, Norwich, NR73
£1,15006/240.23 miDesborough Way, NR73
£1,25012/240.27 miMaidens Close, Norwich, NR7 0RS3
£2,00003/250.28 mi-4
£2,00003/250.28 mi-4
£1,40004/250.47 mi-3
£1,75006/240.5 miLongfields Road, Thorpe St Andrew, Norwich4
£2,30011/240.51 mi-5
£1,75006/240.52 miLongfields Road, NORWICH4
£2,50012/240.58 mi-3
£2,50012/240.58 miWest Wing, Norwich, NR73

Local Area Statistics

Population in NR7

32,046

Population in Norwich

366,887

Town centre distance

3.14 miles away

Nearest school

0.30 miles away

Nearest train station

2.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Price changed to £250,000

March 24, 2025

Listed for £260,000

February 12, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SEMI DETACHED HOUSE +
  • FOUR BEDROOMS +
  • DRIVEWAY AND GARAGE +
  • IDEAL FIRST TIME PURCHASE +

OFFERED WITH NO ONWARD CHAIN Gilson Bailey are delighted to offer this WELL PRESENTED, FOUR BEDROOM, SEMI DETACHED HOUSE situated in the highly sought after Dussindale estate. Accommodation comprising entrance hall, lounge, dining room and kitchen to the ground floor. On the first floor there are FOUR BEDROOMS and a bathroom off landing with one bedroom formerly being an en-suite. Outside there is a lawned front garden and a LARGE DRIVEWAY providing off road parking leading to a SINGLE GARAGE and an enclosed lawned garden with patio seating area. The house benefits from double glazing, gas heating and is OFFERED WITH NO ONWARD CHAIN. The property would make an excellent first time purchase so be quick to book a viewing.

Location - Dussindale can be found within the popular suburb of Thorpe St Andrew to the east of Norwich. The modern estate is within close access to a selection of amenities including schooling for all ages, shops (including Sainsburys superstore) and popular pubs and restaurants. There is ease of access to the Broadland Business Park, A47 Southern Bypass, NDR and Norfolk Broads with excellent public transport links to and from Norwich City centre.

Accommodation Comprises - Front door to:

Entrance Hall - Door to lounge and stairs to first floor.

Lounge - 4.57 x 3.78 (14'11" x 12'4") - Double glazed window, radiator, storage cupboard.

Dining Room - 3.25 x 2.47 (10'7" x 8'1") - Sliding patio doors, radiator.

Kitchen - 3.25 x 2.19 (10'7" x 7'2") - Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge/freezer and washing machine, double glazed window, door to rear.

First Floor Landing - Doors to four bedrooms and bathroom.

Bedroom One - 3.22 x 2.79 (10'6" x 9'1") - Double glazed window, radiator.

Bedroom Two - 2.77 x 2.72 (9'1" x 8'11") - Double glazed window, radiator.

Bedroom Three - 2.20 x 1.94 (7'2" x 6'4") - Double glazed window, radiator.

Bedroom Four - 2.21 x 2.06 (7'3" x 6'9") - Double glazed window, radiator.

Bathroom - 2.47 x 1.64 (8'1" x 5'4") - Panelled bath with shower over, low level WC, hand wash basin, radiator, extractor fan.

Outside Front - Lawned garden and large driveway providing ample off road parking.

Outside Rear - Patio seating area, lawned garden, mature plants and shrubs, single garage, enclosed by timber fencing.

Local Authority - Broadland District Council, Tax Band C.

Tenure - Freehold

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

Agent Details

Gilson Bailey, Norwich

01603 361812

Next Steps?

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