3 Bed Terraced House, Single Let, Norwich, NR4 7JR, £350,000

40 Dragony Lane, Cringleford, NR4 7JR - 2 months ago

Leasehold
BTL
109 m²
+19 photos

ValuationUndervalued

Sold Prices£200K - £660K
Sold Prices/m²£2.5K/m² - £5.4K/m²

 

 

Square Metres

108.82 m²
Price/m²£3.2K/m²

Value Estimate

£378,080
BMV1%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£18,700

Total Cash In

£106,200

 

 

Cash Out

 

Rent Range

£1,095 - £2,595

Rent Estimate

£1,300

Running Costs/mo

£1,374

Cashflow/mo

£-74

Cashflow/yr

£-885

Gross Yield

4%

Local Sold Prices

48 sold prices from £200K to £660K, average is £320K. £2.5K/m² to £5.4K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£305K08/230.01 mi52, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7JR3
£300K05/240.12 mi24, Oriole Drive, Cringleford, Norwich, Norfolk NR4 7LU3
£263K02/210.15 mi12, Round House Way, Cringleford, Norwich, Norfolk NR4 7LH3
£335K12/230.17 mi7, Chestnut Place, Cringleford, Norwich, Norfolk NR4 7BD3
£300K09/230.18 mi7, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB3
£365K04/210.19 mi50, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£325K12/200.19 mi74, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£275K08/210.19 mi38, Willowcroft Way, Cringleford, Norwich, Norfolk NR4 7JG3
£263K03/210.19 mi91, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7SP3
£295K05/210.31 mi5, Honeysuckle Close, Cringleford, Norwich, Norfolk NR4 7SY3
£660K12/200.33 mi43, Cantley Lane, Norwich, Norfolk NR4 6TA3
£450K09/210.35 mi7, Harmer Lane, Norwich, Norfolk NR4 7RT3
£380K05/210.36 mi3, Langley Close, Norwich, Norfolk NR4 6XW3
£390K10/230.39 mi3, Harmer Crescent, Norwich, Norfolk NR4 7RX3
£465K11/230.4 mi66, Brettingham Avenue, Norwich, Norfolk NR4 6XJ3
£575K04/210.46 mi16, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UE3
£450K08/210.47 mi17, Kedleston Drive, Norwich, Norfolk NR4 6XN3
£500K01/230.56 mi45, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£252.5K11/230.56 mi17, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£395K10/200.66 mi16, Keswick Close, Norwich, Norfolk NR4 6UW3
£445K06/210.76 mi6, Bluebell Road, Norwich, Norfolk NR4 7LF3
£262K06/210.82 mi9, Havant Close, Norwich, Norfolk NR4 6NP3
£350K11/200.82 mi13, Leng Crescent, Norwich, Norfolk NR4 7NX3
£315K11/210.83 mi11, Norvic Drive, Norwich, Norfolk NR4 7NN3
£264.5K03/240.83 mi22, Norvic Drive, Norwich, Norfolk NR4 7NN3
£330K11/230.83 mi46, Norvic Drive, Norwich, Norfolk NR4 7NN3
£325K02/230.83 mi36, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K11/230.83 mi9, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K09/230.83 mi35, Norvic Drive, Norwich, Norfolk NR4 7NN3
£327K09/220.83 mi13, Norvic Drive, Norwich, Norfolk NR4 7NN3
£345K05/230.83 mi45, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K12/220.83 mi1, Wren Close, Norwich, Norfolk NR4 7NR3
£200K07/210.86 mi18, Rugge Drive, Norwich, Norfolk NR4 7NJ3
£246.8K05/240.87 mi43, Rugge Drive, Norwich, Norfolk NR4 7NP3
£270K06/210.87 mi1, Osborne Road, Norwich, Norfolk NR4 7BN3
£315K08/210.88 mi24, Leng Crescent, Norwich, Norfolk NR4 7NY3
£220K11/210.9 mi82, Leng Crescent, Norwich, Norfolk NR4 7NZ3
£363K10/230.9 mi48, Leng Crescent, Norwich, Norfolk NR4 7NY3
£375K11/220.9 mi27, Leng Crescent, Norwich, Norfolk NR4 7NY3
£425K10/230.92 mi9, Nutfield Close, Norwich, Norfolk NR4 6PF3
£255K03/240.92 mi82, Nasmith Road, Norwich, Norfolk NR4 7BJ3
£301K05/210.92 mi1, Bek Close, Norwich, Norfolk NR4 7NT3
£290K07/230.93 mi13, Nasmith Road, Norwich, Norfolk NR4 7BH3
£228K02/210.97 mi55, Peckover Road, Norwich, Norfolk NR4 7BP3
£410K04/210.98 mi16, Greenways, Norwich, Norfolk NR4 6PE3
£271K07/210.99 mi16, Merrow Gardens, Norwich, Norfolk NR4 6HH3
£400K11/220.99 mi23, Parsons Mead, Norwich, Norfolk NR4 6PG3
£460K08/240.99 mi41, Parsons Mead, Norwich, Norfolk NR4 6PG3

Local Rents

34 rents from £1.1K/mo to £2.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,29506/240.01 miDragonfly Lane, Cringleford, Norwich, NR43
£1,40006/240.05 miWoodpecker Lane, Cringleford, Norwich3
£1,35012/240.09 miCringleford3
£1,35006/240.11 miWillowcroft Way, Norwich3
£1,40012/240.12 mi-3
£1,10006/240.14 miLobelia Lane, Cringleford3
£1,40012/240.16 mi-3
£1,50006/240.18 miRose Drive, Norwich, NR43
£1,50006/240.18 mi-3
£1,50006/240.18 mi-3
£1,30006/240.18 miPeregrine Mews, NR4 7NB3
£1,35006/240.18 miPeregrine Mews, Cringleford3
£2,59506/240.18 mi-3
£2,59505/240.18 mi-3
£2,59512/240.18 mi-3
£1,97503/250.18 mi-3
£1,50012/240.19 miWillowcroft Way, Cringleford3
£1,40012/240.19 miDragonfly Lane, Cringleford3
£1,55006/240.22 miRose Drive, Norwich, Norfolk, NR43
£1,55006/240.22 miRose Drive, Cringleford, NORWICH3
£1,19902/250.22 mi-3
£1,40006/240.22 miFreesia Way, Cringleford, NORWICH3
£1,99512/240.24 miCringleford, Norwich3
£1,50002/250.28 mi-3
£1,70012/240.4 miBrettingham Avenue, Norwich3
£1,50012/240.45 mi-3
£1,45012/240.5 miHaldane Drive, NR4 7FY3
£1,45012/240.52 miScott-Moncrief Street, Cringleford3
£1,45006/240.54 mi-3
£1,45006/240.54 miHaldane Drive, Norwich, NR43
£1,30006/240.54 miSidell Close, Cringleford, Norwich, Norfolk, NR43
£1,09512/240.56 miIntwood Road, Cringleford, Norwich, NR43
£1,55012/240.57 mi-3
£1,47512/240.57 mi-3

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

3.36 miles away

Nearest school

0.10 miles away

Nearest train station

3.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £350,000

February 28, 2025

Listed for £375,000

February 14, 2025

Floor Plans

Description

  • Three-storey mid-terrace house +
  • Perfect family home +
  • Well-presented interior +
  • Three double bedrooms, two with built-in wardrobes and one with a free-standing wardrobe +
  • Two reception rooms +
  • Ensuite shower room to the main bedroom, family bathroom, and ground floor cloakroom +
  • Double glazing throughout +
  • Enclosed private rear garden +
  • Off-road parking is provided by a garage and one allocated parking space +
  • Close to UEA and hospital +

This stylish and well-presented three-bedroom mid-terraced house is the perfect family home. Spread over three floors, the property offers spacious living with three double bedrooms, two featuring built-in wardrobes, and one with a free-standing wardrobe, along with a cloakroom, family bathroom, and ensuite. The bright, airy lounge, with Juliet balconies, is filled with natural light. The private rear garden provides a peaceful space, and off-road parking is available with a garage and one allocated space. Ideally located close to UEA and the hospital, this home offers both comfort and practicality. Location Dragonfly Lane, Cringleford, is a highly sought-after location offering both convenience and a peaceful setting. Situated in a well-established residential area, it is within easy reach of local shops, schools, and excellent transport links, making daily life more manageable. The area is known for its family-friendly atmosphere, with green spaces and parks nearby, providing a great environment for outdoor activities. With its proximity to Norwich, residents can enjoy the benefits of city living while having a quieter, more relaxed place to call home. Dragonfly Lane, Cringleford Upon entering through the entrance hall, the property features a convenient ground-floor cloakroom, setting the tone for practicality and modern living. The bright and modern kitchen/diner offers plenty of built-in cupboards, ample counter space, an integral fridge, freezer, washing machine, dishwasher, an extractor hob, and additional storage options. French doors open from the kitchen/diner to the enclosed rear garden, allowing easy access to outdoor living spaces. Moving upstairs to the first floor, a spacious lounge invites relaxation, featuring French doors that open to two Juliet balconies, filling the room with natural light. This level also includes a double bedroom with a built-in wardrobe for added convenience. The second floor of the property includes two further double bedrooms. One of the bedrooms features a free-standing wardrobe, which will be left in place, while the main bedroom benefits from a built-in wardrobe and a tiled ensuite shower room, thoughtfully designed for comfort and style. Completing this floor is a practical cupboard situated on the landing and a family bathroom equipped with a bath. Additionally, the property benefits from double glazing throughout. Outside, the enclosed private rear garden provides a peaceful outdoor space featuring a paved area ideal for outdoor dining or relaxation. Off-road parking is available, provided by the brick-built garage and one allocated parking space. Agents notes We understand that the property will be sold freehold, connected to mains services, water, electricity, gas and drainage. Heating System- Gas Central heating Tax Council Band- C

EPC Rating: B Disclaimer Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.

Agent Details

Minors & Brady, Unthank Road, Norwich

01603 361808

Next Steps?

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