2 Bed Bungalow, Single Let, Norwich, NR7 8QH, £265,000

Elizabeth Close, Sprowston, NR7 8QH - 2 months ago

BTL
~68 m²
+27 photos

ValuationOvervalued

Sold Prices£100K - £336K
Sold Prices/m²£990/m² - £5.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.9K/m²

Value Estimate

£228,853

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,250

Stamp Duty & Legal Fees

£9,900

Total Cash In

£76,150

 

 

Cash Out

 

Rent Range

£795 - £1,525

Rent Estimate

£803

Running Costs/mo

£1,009

Cashflow/mo

£-206

Cashflow/yr

£-2,469

Gross Yield

4%

Local Sold Prices

50 sold prices from £100K to £336K, average is £225K. £990/m² to £5.3K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£265K11/210.01 mi12, Elizabeth Close, Norwich, Norfolk NR7 8QH2
£255K03/210.01 mi3, Elizabeth Close, Norwich, Norfolk NR7 8QH2
£260K12/230.01 mi7, Elizabeth Close, Norwich, Norfolk NR7 8QH2
£218K01/210.15 mi52, Blenheim Road, Norwich, Norfolk NR7 8AJ2
£187K01/210.15 mi28, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£225K12/230.15 mi7, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£240K07/230.15 mi12, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£209K08/240.15 mi40, Wilks Farm Drive, Sprowston, Norwich, Norfolk NR7 8RG2
£259K01/210.18 mi2, Blenheim Crescent, Norwich, Norfolk NR7 8AW2
£245K08/210.2 mi19, Edwards Road, Norwich, Norfolk NR7 8QW2
£220K11/200.25 mi14, Blenheim Close, Norwich, Norfolk NR7 8AN2
£164K03/210.3 mi14, Marlborough Court, Norwich, Norfolk NR7 8DH2
£100K03/230.36 mi131, Windsor Park Gardens, Norwich, Norfolk NR6 7PT2
£218K02/210.39 mi100, North Walsham Road, Norwich, Norfolk NR6 7QQ2
£238K05/240.39 mi17, Windsor Park Gardens, Norwich, Norfolk NR6 7PR2
£182.5K11/210.39 mi54, Windsor Park Gardens, Norwich, Norfolk NR6 7PR2
£220K12/230.4 mi92, Proctor Road, Norwich, Norfolk NR6 7PH2
£240K12/200.4 mi102, Proctor Road, Norwich, Norfolk NR6 7PH2
£260.1K05/230.4 mi5, Merlin Avenue, Norwich, Norfolk NR7 8BY2
£270K01/230.4 mi100, North Walsham Road, Norwich, Norfolk NR6 7QQ2
£162.5K12/220.41 mi3, Osprey Loke, Norwich, Norfolk NR7 8FB2
£280K09/230.41 mi1, Recreation Ground Road, Norwich, Norfolk NR7 8EN2
£258K11/220.42 mi17, Falcon Road West, Norwich, Norfolk NR7 8NU2
£237K03/230.44 mi1, Allens Lane, Sprowston, Norwich, Norfolk NR7 8EL2
£125K03/230.44 mi2, Libra Court, Norwich, Norfolk NR7 8BD2
£245K11/230.45 mi1a, Allens Avenue, Norwich, Norfolk NR7 8EP2
£220K11/220.45 mi141, Mountbatten Drive, Norwich, Norfolk NR6 7PP2
£263K05/230.45 mi95, St Marys Grove, Sprowston, Norwich, Norfolk NR7 8DL2
£176K01/210.46 mi23, Recreation Ground Road, Norwich, Norfolk NR7 8EN2
£336K11/220.46 mi128, Moore Avenue, Norwich, Norfolk NR6 7LQ2
£192K12/200.46 mi10, Sparhawk Avenue, Norwich, Norfolk NR7 8BX2
£290K06/230.46 mi11, Sparhawk Avenue, Norwich, Norfolk NR7 8BX2
£280K08/230.47 mi106, Moore Avenue, Norwich, Norfolk NR6 7LQ2
£195K06/210.47 mi4, Bracey Avenue, Norwich, Norfolk NR6 7LB2
£232.5K03/240.48 mi36, Mountbatten Drive, Norwich, Norfolk NR6 7PJ2
£225K06/240.48 mi41, Mountbatten Drive, Norwich, Norfolk NR6 7PJ2
£170K03/210.49 mi5, Dovedales Court, Norwich, Norfolk NR6 7PZ2
£210K06/240.49 mi5, Dovedales Court, Norwich, Norfolk NR6 7PZ2
£240K04/230.49 mi64, Moore Avenue, Norwich, Norfolk NR6 7LF2
£225K08/230.5 mi33, Brayfield Way, Norwich, Norfolk NR6 7ET2
£222.5K02/210.5 mi5, Peregrine Close, Norwich, Norfolk NR7 8JE2
£210K12/200.52 mi25, Peregrine Road, Norwich, Norfolk NR7 8JF2
£187.5K06/210.53 mi84, North Walsham Road, Norwich, Norfolk NR6 7QF2
£227K11/230.53 mi80, North Walsham Road, Norwich, Norfolk NR6 7QF2
£230K06/230.54 mi1, Jubilee Road, Norwich, Norfolk NR7 8EA2
£177K04/210.54 mi10, Billing Close, Norwich, Norfolk NR6 7EL2
£212K10/210.54 mi11, Billing Close, Norwich, Norfolk NR6 7EL2
£240K10/230.55 mi20, Parana Road, Norwich, Norfolk NR7 8BJ2
£287.5K08/230.55 mi63, Falcon Road West, Norwich, Norfolk NR7 8NX2
£161K11/220.55 mi136, Desmond Drive, Norwich, Norfolk NR6 7JW2

Local Rents

32 rents from £795/mo to £1.5K/mo, average is £938/mo.

RentDateDistanceAddressBeds 
£92506/240.07 miChurch View Court, NORWICH2
£89506/240.15 miWilks Farm Drive, Sprowston, Norwich, NR72
£95003/240.15 miWilks Farm Drive,Sprowston,Norwich,NR72
£92512/240.44 mi-2
£95006/240.45 mi-2
£95010/240.45 mi-2
£95006/240.49 mi-2
£79512/240.63 miNeville Road, Norwich, Norfolk, NR72
£1,20012/240.64 mi-2
£1,05006/240.67 miLeveson Road, Norwich2
£92506/240.74 miSchool Lane, NR7 8TR2
£90003/240.77 miMousehold Lane, NR72
£99507/240.82 miSprowston Road, Norwich2
£99508/240.82 miSprowston Road, Norwich2
£95012/240.83 miCere Road, Norwich, Norfolk, NR72
£1,20006/240.83 miDenton Road, Norwich2
£92512/240.87 miSwan Lane, Sprowston2
£90006/240.88 miWindmill Court, Norwich, NR32
£1,05003/240.91 miCatton, North Of The City2
£79512/240.92 miRowan Court, Plantation Drive, Norwich2
£89507/240.93 miAnthony Drive, Norwich, NR32
£95006/240.94 miPine Court, Plantation Drive, Norwich, Norfolk, NR72
£85006/240.96 miBrockwell Court, Norwich, NR32
£82512/241.03 mi-2
£82512/241.03 mi-2
£1,52512/241.03 mi-2
£97506/241.09 miEgyptian Goose Road, NR7 8FN2
£89506/241.12 miSt Faiths Lane, Old Catton, NR62
£1,20012/241.16 miPennyroyal, Norwich, NR6 2
£1,10006/241.17 miNR62
£89507/241.23 miCatton View Court, Norwich2
£82506/241.23 miCatton View Court, Norwich, NR32

Local Area Statistics

Population in NR7

32,046

Population in Norwich

366,887

Town centre distance

1.87 miles away

Nearest school

0.40 miles away

Nearest train station

2.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £265,000

February 12, 2025

Floor Plans

Description

  • SEMI-DETACHED BUNGALOW +
  • 2 BEDROOMS +
  • DOUBLE GLAZED CONSERVATORY +
  • KITCHEN AND UTILITY/DINING ROOM +
  • PRIVATE REAR GARDEN WITH OUTBUILDINGS +
  • OFF ROAD PARKING +
  • EPC C +
  • 808 SQUARE FEET +

This 2 bedroomed traditional bay fronted semi-detached bungalow enjoys a quiet cul sac position in the ever-popular suburb of Sprowston, with its excellent and varied local amenities including schooling, shops, transport links, access to the Ring Road, the Broadland Northway and the City Centre. The property offers a generous lounge with bay window, kitchen and utility/dining room along with a conservatory.

Benefits include gas fired central heating, sealed unit double glazed windows and doors, off-road parking and a lovely enclosed rear garden offering a private space and a workshop which was the former garage and timber Summer house.

Early viewing is most strongly recommended to appreciate the property, its garden and the location.

Double glazed. Composite front door to
ENTRANCE HALL Radiator, loft access. Panel doors to bedroom 1, bedroom 2 and the shower room. Panel door to
LOUNGE Mock fireplace, laminate wood affect flooring, radiator, sealed unit double glazed Bay window to front. Glazed panel door to
KITCHEN Fitted comprising single drainer sink unit with mixed tap inset to roll edged work surfaces with base and eye level units, space for cooker, plumbing for automatic washing machine, concealed gas-fired boiler, sealed unit double glazed window to rear. Glazed panel door to
UTILITY/DINING ROOM Sink unit with base unit, sealed unit double glazed windows to front and rear, radiator. Double glazed door to the rear garden.
BEDROOM ONE Radiator, sealed unit double glazed window to front.
BEDROOM TWO Radiator fitted wardrobes. Fold down bed cleverly built into a cupboard unit. Double glazed French doors to
CONSERVATORY Radiator, sealed unit double glazed windows to sides and rear. Double glazed French doors to rear garden.
SHOWER ROOM White suite comprising shower cubicle with mains shower, vanity wash hand basin, WC, radiator/towel rail, sealed unit double glazed window to rear. Built in linen cupboard with radiator.

OUTSIDE
Front garden with driveway for off-road parking.
Enclosed rear garden, offering a low maintenance space with synthetic lawn, flower and shrub beds, shingle and paved areas. Outbuildings include a timber Summer house and former garage now store/shed both with light and power. Outside tap and light.
Council tax band: B

Agent Details

Morton Reeves Estate Agents, Norwich

01603 361279

Next Steps?

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