3 Bed Terraced House, Single Let, Norwich, NR4 7LU, £300,000

Oriole Drive, Cringleford, NR4 7LU - 2 months ago

BTL
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£200K - £660K
Sold Prices/m²£2.7K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£3.2K/m²

Value Estimate

£317,266

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£89,700

 

 

Cash Out

 

Rent Range

£800 - £2,595

Rent Estimate

£1,174

Running Costs/mo

£1,192

Cashflow/mo

£-18

Cashflow/yr

£-220

Gross Yield

5%

Local Sold Prices

40 sold prices from £200K to £660K, average is £320K. £2.7K/m² to £5.4K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£300K05/240 mi24, Oriole Drive, Cringleford, Norwich, Norfolk NR4 7LU3
£300K09/230.06 mi7, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB3
£263K02/210.11 mi12, Round House Way, Cringleford, Norwich, Norfolk NR4 7LH3
£305K08/230.11 mi52, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7JR3
£263K03/210.16 mi91, Dragonfly Lane, Cringleford, Norwich, Norfolk NR4 7SP3
£335K12/230.23 mi7, Chestnut Place, Cringleford, Norwich, Norfolk NR4 7BD3
£365K04/210.27 mi50, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£325K12/200.27 mi74, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UF3
£295K05/210.29 mi5, Honeysuckle Close, Cringleford, Norwich, Norfolk NR4 7SY3
£275K08/210.3 mi38, Willowcroft Way, Cringleford, Norwich, Norfolk NR4 7JG3
£660K12/200.41 mi43, Cantley Lane, Norwich, Norfolk NR4 6TA3
£380K05/210.44 mi3, Langley Close, Norwich, Norfolk NR4 6XW3
£450K09/210.44 mi7, Harmer Lane, Norwich, Norfolk NR4 7RT3
£465K11/230.45 mi66, Brettingham Avenue, Norwich, Norfolk NR4 6XJ3
£390K10/230.47 mi3, Harmer Crescent, Norwich, Norfolk NR4 7RX3
£450K08/210.54 mi17, Kedleston Drive, Norwich, Norfolk NR4 6XN3
£575K04/210.58 mi16, Newmarket Road, Cringleford, Norwich, Norfolk NR4 6UE3
£500K01/230.67 mi45, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£252.5K11/230.67 mi17, Intwood Road, Cringleford, Norwich, Norfolk NR4 6XD3
£395K10/200.76 mi16, Keswick Close, Norwich, Norfolk NR4 6UW3
£445K06/210.87 mi6, Bluebell Road, Norwich, Norfolk NR4 7LF3
£300K12/220.92 mi1, Wren Close, Norwich, Norfolk NR4 7NR3
£315K11/210.92 mi11, Norvic Drive, Norwich, Norfolk NR4 7NN3
£264.5K03/240.92 mi22, Norvic Drive, Norwich, Norfolk NR4 7NN3
£330K11/230.92 mi46, Norvic Drive, Norwich, Norfolk NR4 7NN3
£325K02/230.92 mi36, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K11/230.92 mi9, Norvic Drive, Norwich, Norfolk NR4 7NN3
£300K09/230.92 mi35, Norvic Drive, Norwich, Norfolk NR4 7NN3
£327K09/220.92 mi13, Norvic Drive, Norwich, Norfolk NR4 7NN3
£345K05/230.92 mi45, Norvic Drive, Norwich, Norfolk NR4 7NN3
£350K11/200.92 mi13, Leng Crescent, Norwich, Norfolk NR4 7NX3
£262K06/210.94 mi9, Havant Close, Norwich, Norfolk NR4 6NP3
£200K07/210.94 mi18, Rugge Drive, Norwich, Norfolk NR4 7NJ3
£246.8K05/240.95 mi43, Rugge Drive, Norwich, Norfolk NR4 7NP3
£270K06/210.96 mi1, Osborne Road, Norwich, Norfolk NR4 7BN3
£315K08/210.98 mi24, Leng Crescent, Norwich, Norfolk NR4 7NY3
£220K11/210.99 mi82, Leng Crescent, Norwich, Norfolk NR4 7NZ3
£363K10/231 mi48, Leng Crescent, Norwich, Norfolk NR4 7NY3
£375K11/221 mi27, Leng Crescent, Norwich, Norfolk NR4 7NY3
£255K03/241 mi82, Nasmith Road, Norwich, Norfolk NR4 7BJ3

Local Rents

34 rents from £800/mo to £2.6K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,35012/240.04 miCringleford3
£1,30006/240.06 miPeregrine Mews, NR4 7NB3
£1,35006/240.06 miPeregrine Mews, Cringleford3
£1,40012/240.08 mi-3
£1,40006/240.08 miWoodpecker Lane, Cringleford, Norwich3
£1,50006/240.09 miRose Drive, Norwich, NR43
£1,50006/240.09 mi-3
£1,50006/240.09 mi-3
£1,29506/240.11 miDragonfly Lane, Cringleford, Norwich, NR43
£1,55006/240.12 miRose Drive, Norwich, Norfolk, NR43
£1,55006/240.12 miRose Drive, Cringleford, NORWICH3
£1,19902/250.15 mi-3
£1,40012/240.16 miDragonfly Lane, Cringleford3
£1,40012/240.2 mi-3
£2,59506/240.2 mi-3
£2,59505/240.2 mi-3
£2,59512/240.2 mi-3
£1,97503/250.2 mi-3
£1,35006/240.23 miWillowcroft Way, Norwich3
£1,10006/240.23 miLobelia Lane, Cringleford3
£1,50002/250.28 mi-3
£1,50012/240.3 miWillowcroft Way, Cringleford3
£1,99512/240.32 miCringleford, Norwich3
£1,40006/240.34 miFreesia Way, Cringleford, NORWICH3
£1,50012/240.37 mi-3
£1,70012/240.45 miBrettingham Avenue, Norwich3
£1,45012/240.47 miHaldane Drive, NR4 7FY3
£1,45012/240.47 miScott-Moncrief Street, Cringleford3
£1,45006/240.51 mi-3
£1,45006/240.51 miHaldane Drive, Norwich, NR43
£80002/240.53 mi-3
£1,40006/240.59 miLamb Lane, Cringleford, Norwich3
£1,30006/240.6 miSidell Close, Cringleford, Norwich, Norfolk, NR43
£1,67512/240.61 mi-3

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

3.43 miles away

Nearest school

0.20 miles away

Nearest train station

3.49 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £300,000

March 12, 2025

Listed for £325,000

February 17, 2025

Floor Plans

Description

  • Guide Price £325,000 - £335,000 +
  • Well-presented terraced townhouse on the popular Round House Park development +
  • 3 bedrooms including top floor main bedroom with dressing area, built-in storage and en-suite +
  • Contemporary kitchen/diner features numerous integrated appliances plus garden access +
  • Well-proportioned lounge off the entrance hall with electric fireplace feature +
  • Ground floor WC, first floor family bathroom with shower over bath plus top floor en-suite +
  • Gas central heating and double glazing +
  • Single garage with parking space situated in resident's parking area beyond the rear boundary +
  • South-west facing, split-level rear garden features an artificial lawn and decking area +
  • Ideally situated for the city centre, schools, NNUH, UEA and excellent transport links +

*DRAFT DETAILS AWAITING APPROVAL*  

SUMMARY Situated in a sought-after residential location and away from the main road, this property offers easy access to major local employers and transport links, making it perfect for families and professionals alike. Boasting almost 1,780 sq/ft. of modern living space across 3 floors, whilst a south-west facing garden, garage and off-road parking complete the package! 

OUTSIDE The property enjoys a desirable location on the development, fronting onto the pedestrianised Oriole Drive, with a path beyond the green space leading to the entrance. To the rear is a low maintenance, south-west facing garden featuring a decked seating area with steps leading down to an area of artificial lawn and shingle shrub bed. A gate on the rear boundary provides convenient access to the resident's parking area, within which the property benefits from a single garage with up and over door and parking in front. 

DIRECTIONS From Newmarket Road, A11 enter the development at the roundabout via Round House Way. At the next roundabout take the second exit onto Dragonfly Lane and at the mini roundabout turn left onto Brambling Lane, then immediately left onto Kingfisher Close. Follow the road round to the right, where vehicular access to the garage and parking area can be found via a shared driveway between nos. 22 and 26 Kingfisher Close. Pedestrian access is via Oriole Drive, which runs along the front of the terraces.

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LOCAL AUTHORITY South Norfolk 

COUNCIL TAX BAND

We offer a professional, ARLA accredited Lettings and Management Service via our affiliated agency, Habi Lettings. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free, no obligation review of your current portfolio then please contact the office to discuss this further. 

DISCLAIMER While we have made diligent efforts to ensure the accuracy of the information relating to each property at the point of listing, you are advised to consult the official local council website for details on conservation areas, flood risks, tree preservation orders, planning applications, and other relevant aspects. These details are for guidance purposes only and we do not seek advice from the seller's legal representative in their preparation. We also strongly advise that you inspect the property and surrounding area on Google Maps and Street View prior to viewing. The photographs do not infer that items shown are included in the sale, the measurements quoted are approximate and the fixtures, fittings and appliances have not been tested, therefore no guarantee can be given that they are in working order. If there is any point which is of particular importance to you then please obtain professional confirmation of it. 

Should you wish to view one of our properties, we will require certain pieces of personal information from you in order to provide a professional service to you and our client, the seller. The personal information you provide to us will be shared with the seller, but it will not be shared with any other third parties without your consent.

Should you wish to proceed and make an offer on a property, some of the personal information you provide to us will be passed to the seller. Again, it will not be shared with any other third parties without your consent.

More information on how we hold and process your data is available upon request or on our website.

Agent Details

Hammond & Stratford, Norwich

01603 361699

Next Steps?

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