3 Bed Terraced House, Single Let, Norwich, NR5 8HP, £290,000

Friends Road, Close To The UEA, NR5 8HP - 2 months ago

Sold STC

BTL

~161 m²

+7 photos

ValuationUndervalued

Sold Prices	£162.5K - £520K
Sold Prices/m²	£2K/m² - £5.8K/m²

Square Metres	~161 m²
Price/m²	£1.8K/m²
Value Estimate	£350,900£350,900
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,500£72,500
Stamp Duty & Legal Fees	£20,200£20,200
Total Cash In	£92,700£92,700

Cash Out
Rent Range	£1,100 - £2,100£1,100 - £2,100
Rent Estimate	£1,163
Running Costs/mo	£1,159£1,159
Cashflow/mo	£4£4
Cashflow/yr	£50£50
ROI	0%0%
Gross Yield	5%5%

Local Sold Prices

50 sold prices from £162.5K to £520K, average is £255K. £2K/m² to £5.8K/m², average is £3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£295K	02/23	0 mi	89, Friends Road, Norwich, Norfolk NR5 8HP	-	-	3	Terraced House
£295K	04/23	0 mi	77, Friends Road, Norwich, Norfolk NR5 8HP	£3,471	85	3	Terraced House
£255K	04/21	0.05 mi	35, Cunningham Road, Norwich, Norfolk NR5 8HH	£2,833	90	3	Semi-Detached House
£270K	06/23	0.11 mi	6, Hemlin Close, Norwich, Norfolk NR5 8JB	£3,034	89	3	Terraced House
£240K	08/23	0.11 mi	6, Richenda Close, Norwich, Norfolk NR5 8JG	£2,927	82	3	Semi-Detached House
£255K	01/23	0.11 mi	11, Richenda Close, Norwich, Norfolk NR5 8JG	£3,110	82	3	Semi-Detached House
£186K	09/21	0.23 mi	1, Shepherd Close, Norwich, Norfolk NR5 8HS	£2,268	82	3	Semi-Detached House
£282.5K	06/21	0.24 mi	23, Pitchford Road, Norwich, Norfolk NR5 8LQ	£2,753	103	3	Semi-Detached House
£260K	06/21	0.3 mi	20, Rydal Close, Norwich, Norfolk NR5 8LT	£3,023	86	3	Semi-Detached House
£244K	02/24	0.35 mi	24, Earlham Green Lane, Norwich, Norfolk NR5 8HA	£3,642	67	3	Bungalow
£260K	02/24	0.36 mi	13, Douglas Haig Road, Norwich, Norfolk NR5 8LD	£5,778	45	3	Semi-Detached House
£250K	07/23	0.37 mi	31, Enfield Road, Norwich, Norfolk NR5 8LF	£2,475	101	3	Detached House
£485K	11/22	0.4 mi	232, Bluebell Road, Norwich, Norfolk NR4 7LW	£3,674	132	3	Semi-Detached House
£227.2K	11/20	0.45 mi	1, St Mildreds Road, Norwich, Norfolk NR5 8RJ	£2,582	88	3	Semi-Detached House
£365K	02/21	0.45 mi	34, Primula Drive, Norwich, Norfolk NR4 7LZ	£2,296	159	3	Detached House
£520K	06/21	0.46 mi	555, Earlham Road, Norwich, Norfolk NR4 7HW	£4,771	109	3	Detached House
£387.5K	11/20	0.46 mi	510, Earlham Road, Norwich, Norfolk NR4 7HR	£4,844	80	3	Detached House
£189K	11/22	0.48 mi	9, Malbrook Road, Norwich, Norfolk NR5 8RR	-	-	3	Semi-Detached House
£475K	06/23	0.48 mi	7, Penryn Close, Norwich, Norfolk NR4 7LY	£3,322	143	3	Detached House
£198.3K	10/22	0.5 mi	84, Motum Road, Norwich, Norfolk NR5 8EQ	£2,792	71	3	Terraced House
£272K	12/20	0.51 mi	156, The Avenues, Norwich, Norfolk NR4 7DR	-	-	3	Terraced House
£195K	08/24	0.52 mi	36, Bixley Close, Norwich, Norfolk NR5 8DH	-	-	3	Terraced House
£305K	09/23	0.53 mi	162, Bluebell Road, Norwich, Norfolk NR4 7LN	£3,299	92	3	Terraced House
£210.3K	02/21	0.53 mi	131, Gipsy Lane, Norwich, Norfolk NR5 8AY	£2,022	104	3	Terraced House
£222.5K	01/23	0.53 mi	333, Bowthorpe Road, Norwich, Norfolk NR5 8AE	-	-	3	Terraced House
£201K	02/21	0.54 mi	338, Bowthorpe Road, Norwich, Norfolk NR5 8AE	£2,871	70	3	Semi-Detached House
£270K	11/23	0.55 mi	39, Larkman Lane, Norwich, Norfolk NR5 8TY	-	-	3	Detached House
£230K	01/24	0.55 mi	42, Larkman Lane, Norwich, Norfolk NR5 8TY	£3,651	63	3	Bungalow
£295K	09/21	0.56 mi	161, Earlham Green Lane, Norwich, Norfolk NR5 8RG	£3,274	90	3	Semi-Detached House
£189K	04/21	0.58 mi	59, Irstead Road, Norwich, Norfolk NR5 8AR	£2,739	69	3	Terraced House
£225K	08/24	0.58 mi	142, St Mildreds Road, Norwich, Norfolk NR5 8RY	£2,711	83	3	Semi-Detached House
£170K	02/21	0.6 mi	3, Horning Close, Norwich, Norfolk NR5 8DN	£2,297	74	3	Terraced House
£227.5K	02/24	0.61 mi	79, Stevenson Road, Norwich, Norfolk NR5 8TS	£2,556	89	3	Terraced House
£400K	03/23	0.61 mi	470, Earlham Road, Norwich, Norfolk NR4 7HP	-	-	3	Detached House
£330K	07/23	0.61 mi	513, Earlham Road, Norwich, Norfolk NR4 7HN	-	-	3	Detached House
£192.5K	06/21	0.62 mi	92, Beverley Road, Norwich, Norfolk NR5 8DL	£2,711	71	3	Terraced House
£240K	06/23	0.62 mi	25, Larkman Lane, Norwich, Norfolk NR5 8TZ	-	-	3	Semi-Detached House
£313.8K	03/23	0.63 mi	8, Fieldview, Norwich, Norfolk NR5 8AQ	£3,235	97	3	Semi-Detached House
£235K	03/23	0.65 mi	182, Earlham Green Lane, Norwich, Norfolk NR5 8RD	£3,344	70	3	Terraced House
£280K	11/22	0.65 mi	168, Earlham Green Lane, Norwich, Norfolk NR5 8RD	£2,979	94	3	Semi-Detached House
£162.5K	06/21	0.66 mi	32, Stevenson Road, Norwich, Norfolk NR5 8TT	£2,219	73	3	Terraced House
£221K	02/24	0.66 mi	31, Ranworth Road, Norwich, Norfolk NR5 8EB	£3,186	69	3	Terraced House
£192.5K	04/21	0.66 mi	37, Ranworth Road, Norwich, Norfolk NR5 8EB	-	-	3	Terraced House
£257K	08/21	0.67 mi	72, Roe Drive, Norwich, Norfolk NR5 8BT	£3,295	78	3	Semi-Detached House
£357.5K	01/24	0.68 mi	106, The Avenues, Norwich, Norfolk NR4 7DP	-	-	3	Terraced House
£375K	11/20	0.68 mi	76, The Avenues, Norwich, Norfolk NR4 7DP	£3,151	119	3	Detached House
£280K	03/24	0.68 mi	134, The Avenues, Norwich, Norfolk NR4 7DP	£3,146	89	3	Terraced House
£180K	01/21	0.68 mi	127, Ranworth Road, Norwich, Norfolk NR5 8DY	£2,118	85	3	Terraced House
£245K	10/22	0.69 mi	2, Beecheno Road, Norwich, Norfolk NR5 8TJ	£3,603	68	3	Terraced House
£255K	04/23	0.69 mi	324, Bowthorpe Road, Norwich, Norfolk NR5 8AB	-	-	3	Detached House

Local Rents

25 rents from £1.1K/mo to £2.1K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,100	12/24	0.04 mi	Earlham Road, Norwich, NR4 7TG	3	Flat
£1,290	06/24	0.23 mi	-	3	Flat
£1,380	12/24	0.23 mi	-	3	Flat
£1,200	06/24	0.3 mi	Bevan Close, Norwich	3	Flat
£1,200	12/24	0.4 mi	Gipsy Lane, Norwich	3	House
£1,500	06/24	0.44 mi	Foxley Road, Norwich	3	Flat
£1,295	06/24	0.45 mi	Gipsy Lane, Norwich	3	Flat
£1,500	12/24	0.5 mi	Motum Road, Norwich	3	Terraced House
£1,256	06/24	0.5 mi	Russett Grove STUDENT, Norwich, NR4	3	Flat
£1,425	06/24	0.5 mi	Russet Grove, Eaton, NR4	3	Flat
£1,350	06/24	0.5 mi	Russet Grove, NORWICH	3	Flat
£1,300	12/24	0.5 mi	-	3	Flat
£1,350	05/24	0.52 mi	-	3	Semi-Detached House
£1,400	03/25	0.52 mi	-	3	Semi-Detached House
£1,500	12/24	0.52 mi	-	3	Terraced House
£1,500	06/24	0.52 mi	Bixley Close, Norwich, Norfolk, NR5	3	Terraced House
£1,400	03/24	0.55 mi	Norwich, NR4	3	Flat
£1,400	06/24	0.55 mi	Pippin Green, Norwich, Norfolk, NR4	3	Flat
£1,400	03/24	0.55 mi	Pippin Green, NORWICH	3	Flat
£2,040	12/24	0.55 mi	Pippin Green, Norwich, NR4 7NG	3	Flat
£1,150	12/24	0.55 mi	Cadge Close, Norwich	3	Semi-Detached House
£1,300	12/24	0.56 mi	-	3	Semi-Detached House
£1,300	12/24	0.56 mi	-	3	Bungalow
£1,100	04/25	0.61 mi	-	3	Terraced House
£1,275	06/24	0.62 mi	Beverley Road, Norwich, NR5	3	Detached House

Local Area Statistics

Population in NR5	28,82328,823
Population in Norwich	366,887366,887
Town centre distance	2.35 miles away2.35 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	2.85 miles away2.85 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-7%-7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+21%+21%

Property History

Listed for £290,000

February 18, 2025

Floor Plans

Description

Part Over Passage Mid Terrace House +
Entrance Hall +
Lounge +
Kitchen +
Utility Room +
Garden Room +
Brick Shed With Cloakroom +
Three First Floor Bedrooms +
Bathroom & Cloakroom +
Loft Room +

Property Summary
* NO CHAIN on this THREE BEDROOM PART OVER PASSAGE MID TERRACE HOUSE located very close to the UEA. The property has entrance hall, lounge, kitchen, utility room, garden room, brick built shed with cloakroom, three bedrooms off landing, bathroom, cloakroom, LOFT ROOM and enclosed rear garden *

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents