4 Bed Bungalow, Refurb/BRRR, Norwich, NR15 2BJ, £450,000

Green Lane, Tivetshall St. Margaret, Norwich, NR15 2BJ - 2 months ago

Sold STC
Refurb/BRRR
~129 m²
+18 photos

ValuationOvervalued

Sold Prices£335K - £755K
Sold Prices/m²£1.7K/m² - £6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.5K/m²

Value Estimate

£410,000

 

 

End Value (After Refurb)

£435,098

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Refurb Costs

£58,447

Bridging Loan Interest

£11,813

Total Cash In

£209,209

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£435,098

Mortgage (After Refinance)

£326,323

Mortgage LTV

75%

Cash Left In

£209,209

Equity

£108,774

Rent Range

£525 - £2,250

Rent Estimate

£1,231

Running Costs/mo

£1,626

Cashflow/mo

£-395

Cashflow/yr

£-4,739

Gross Yield

3%

Local Sold Prices

21 sold prices from £335K to £755K, average is £450K. £1.7K/m² to £6K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£755K05/230 miChurch View, Green Lane, Tivetshall St Margaret, Norwich, Norfolk NR15 2BJ4
£455K02/210.12 mi13, Thwaites Oak Close, Tivetshall St Margaret, Norwich, Norfolk NR15 2AW4
£360K01/230.29 mi2, The Street, Tivetshall St Mary, Norwich, Norfolk NR15 2BU4
£402.5K10/230.57 miRobins Croft, Rectory Road, Tivetshall St Mary, Norwich, Norfolk NR15 2AL4
£600K06/210.82 miThe Laurels, Ram Lane, Tivetshall St Mary, Norwich, Norfolk NR15 2DA4
£455K11/200.99 miRosemary Cottage, Hale Street, Tivetshall St Margaret, Norwich, Norfolk NR15 2EE4
£450K12/231.04 miKingfisher Cottage, Lodge Road, Tivetshall St Margaret, Norwich, Norfolk NR15 2AX4
£355K11/231.26 mi9, Moulton Road, Tivetshall St Margaret, Norwich, Norfolk NR15 2AJ4
£565K01/211.49 mi2, The Woodlands, Great Moulton, Norwich, Norfolk NR15 2DW4
£365K04/211.6 mi32, Station Road, Aslacton, Norwich, Norfolk NR15 2DU4
£380K11/211.6 miSierra, 26, Station Road, Aslacton, Norwich, Norfolk NR15 2DU4
£427.5K06/211.61 mi1, Mill Orchard, Pulham Market, Diss, Norfolk IP21 4XD4
£650K02/231.63 mi3, Meadow Close, Great Moulton, Norwich, Norfolk NR15 2DQ4
£550K02/231.66 miThe Nineteenth, Lower Street, Gissing, Diss, Norfolk IP22 5UJ4
£425K02/211.67 miSalters, Colegate End Road, Pulham Market, Diss, Norfolk IP21 4XG4
£340K12/201.67 miCornleas, Colegate End Road, Pulham Market, Diss, Norfolk IP21 4XG4
£500K10/221.67 miFairfields, Colegate End Road, Pulham Market, Diss, Norfolk IP21 4XG4
£335K08/211.7 mi12, Fairstead Close, Pulham Market, Diss, Norfolk IP21 4SX4
£498K09/211.74 miCopper Beech, Woodrow Lane, Great Moulton, Norwich, Norfolk NR15 2DR4
£535K08/231.79 miWillow Cottage, The Green, Pulham Market, Diss, Norfolk IP21 4SU4
£440K04/211.91 miWhite House Farm Bungalow, High Green, Great Moulton, Norwich, Norfolk NR15 2HU4

Local Rents

7 rents from £525/mo to £2.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£2,25009/240.74 miRectory Road, Tivetshall St. Mary, NORWICH5
£52504/241.17 miHillcrest Court, Ipswich Road,Pulham Market,IP211
£1,20006/241.52 miStation Road,Great Moulton,NR153
£99006/241.75 mi-3
£1,00009/241.75 mi-3
£1,50004/241.76 miThe Laurels, Pulham Market, Norwich, IP214
£1,15003/252.02 mi-3

Local Area Statistics

Population in NR15

15,806

Population in Norwich

366,887

Town centre distance

14.77 miles away

Nearest school

0.10 miles away

Nearest train station

5.09 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £450,000

February 17, 2025

Floor Plans

Description

  • No Chain! +
  • Detached Bungalow with Field Views +
  • Undergoing Renovation & Updating +
  • Approx. 0.3 Acre Plot (stms) +
  • Open Plan Living with Bi-folding Doors +
  • Re-fitted Kitchen +
  • Up to Four Bedrooms +
  • Jack & Jill Family Bathroom & Separate Shower Room +

IN SUMMARY
Guide Price £450,000-£475,000. NO CHAIN. Occupying a 0.3 ACRE PLOT (stms), this DETACHED BUNGALOW is undergoing FULL UPDATING and REFURBISHMENT. Enjoying PANORAMIC FIELD VIEWS and a tucked away RURAL SETTING, the bungalow has been FULLY RE-WIRED, with a NEWLY FITTED KITCHEN and BATHROOM. Tucked away on a long PRIVATE DRIVE, the bungalow extends to over 1612 Sq. ft (stms), the hall ENTRANCE opens up to the 17’ SITTING ROOM - complete with BI-FOLDING DOORS to front. The DINING ROOM is OPEN PLAN, with FRENCH DOORS to rear, and a door to the ADJACENT KITCHEN. With a STRIKING range of units, ATTRACTIVE WORK SURFACES and tiling - the kitchen enjoys a LIGHT and BRIGHT feel with a buit-in breakfast bar. A STUDY/BEDROOM leads to the conservatory, with a SHOWER ROOM and lean to adjacent. All of the main bedroom accommodation leads off the hall entrance, with THREE BEDROOMS, dressing room and the ‘JACK & JILL’ family bathroom. SETTING THE SCENE
Tucked away on a private driveway offering tandem parking and further double parking, the garage offers storage, with this detached bungalow enjoying a private and secluded setting with a wrought iron gate taking you to the main entrance path and patio. A lean to sits to the side, with adjacent panoramic field views.

THE GRAND TOUR
Stepping inside, the hall entrance has been newly carpeted and includes a recessed door mat with doors taking you to the main bedroom accommodation, and opening to the living space. Offering a fully open plan sitting and dining area with split level flooring to demarcate the two areas, views can be enjoyed across the garden through full width siding bi-folding doors, with further French doors to the rear garden - with attractive and contemporary vertical radiators and recessed spotlighting above, this spacious room is ideal for family entertaining. A door takes you to the adjacent kitchen which offers a re-fitted range of wall and base level units, with extensive storage and space for a range style electric cooker with an extractor fan above and tiled splash-backs running around the work surface. Space is provided for general white good with large pantry cupboards to one side and a built-in breakfast bar. An inner hallway leads to the main sitting room leading to a bedroom or study space, with fitted carpet underfoot and a door taking you to a conservatory extension which extends the living space in the summer months, with tiled flooring underfoot and French doors to the rear. Also leading off the hallway is a useful shower room with a three piece suite and tile splashbacks along with a side lean to which offers useful storage and potential to further modernise if required. Back into the main hall entrance, storage can be found within the hallway with doors taking you to the three bedrooms. Starting with the main double bedroom complete with fitted carpet underfoot, an opening takes you to a useful dressing room and a further door takes you to the Jack and Jill family bathroom which includes a newly fitted four piece suite including twin hand wash basins with storage below and a feature tiled bath. Two further bedrooms face to the rear of the property, both finished with fitted carpet and double glazing and then the outside. FIND US
Postcode : NR15 2BJ
What3Words : ///sized.clattered.atom VIRTUAL TOUR
View our virtual tour for a full 360 degree of the interior of the property. AGENTS NOTE
Solar panels are installed.

EPC Rating: D

Agent Details

Starkings & Watson, Poringland

01508 356456

Next Steps?

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