3 Bed Terraced House, Single Let, Norwich, NR5 0AQ, £170,000

Gunton Lane, Costessey, Norwich, Norfolk, NR5 0AQ - 1 views - a month ago

Auction
BTL
ROI: 11%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£123.1K - £565K
Sold Prices/m²£1.5K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£209,100
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Rent Range

£1,100 - £1,495

Rent Estimate

£1,238

Running Costs/mo

£799

Cashflow/mo

£439

Cashflow/yr

£5,270

ROI

11%

Gross Yield

9%

Local Sold Prices

50 sold prices from £123.1K to £565K, average is £241K. £1.5K/m² to £5.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£175K03/210.04 mi160, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£293K09/210.05 mi87, Olive Road, Norwich, Norfolk NR5 0AP3
£175K03/210.07 mi160, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£216K03/230.09 mi146, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£226K02/230.12 mi138, Gunton Lane, Norwich, Norfolk NR5 0AQ3
£270K05/230.12 mi22, Glenda Road, Norwich, Norfolk NR5 0AX3
£280K02/210.12 mi21, Glenda Road, Norwich, Norfolk NR5 0AX3
£203K03/230.12 mi100, Gunton Lane, Norwich, Norfolk NR5 0AG3
£288K12/200.15 mi113, Olive Road, Norwich, Norfolk NR5 0AN3
£266K12/200.16 mi44, Oval Road, Norwich, Norfolk NR5 0DG3
£240K12/220.18 mi84, Gunton Lane, Norwich, Norfolk NR5 0AG3
£195K11/200.18 mi33, Glenda Close, Norwich, Norfolk NR5 0BA3
£290K07/240.18 mi5, Woodhill Rise, Norwich, Norfolk NR5 0DD3
£260K11/230.18 mi15, Woodhill Rise, Norwich, Norfolk NR5 0DD3
£190K02/210.19 mi21, Glenda Crescent, Norwich, Norfolk NR5 0AZ3
£370K12/210.19 mi25, Northview Road, Norwich, Norfolk NR5 0BG3
£242K05/230.2 mi14, Valley Road, Norwich, Norfolk NR5 0BH3
£171K06/210.21 mi44, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£185K01/240.21 mi39, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£255K11/230.21 mi5, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£220K01/240.21 mi20, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£181K02/210.21 mi45, Leewood Crescent, Norwich, Norfolk NR5 0DA3
£235.6K01/230.22 mi29, Oval Road, Norwich, Norfolk NR5 0DF3
£300K05/240.24 mi186, Norwich Road, Norwich, Norfolk NR5 0EW3
£220K04/240.25 mi18, Winsford Way, Norwich, Norfolk NR5 0DH3
£184K02/210.25 mi11, Winsford Way, Norwich, Norfolk NR5 0DH3
£192K03/240.25 mi10, Winsford Way, Norwich, Norfolk NR5 0DH3
£168K02/240.25 mi21, Winsford Way, Norwich, Norfolk NR5 0DH3
£224K08/210.27 mi158, Norwich Road, Norwich, Norfolk NR5 0EH3
£280K01/230.27 mi42, Woodhill Rise, Norwich, Norfolk NR5 0DN3
£255K12/230.28 mi8, Oval Road, Norwich, Norfolk NR5 0DE3
£280K11/230.28 mi9, Oval Road, Norwich, Norfolk NR5 0DE3
£240K04/210.33 mi246, Norwich Road, Norwich, Norfolk NR5 0LQ3
£290K12/220.34 mi16, Oval Avenue, Norwich, Norfolk NR5 0DP3
£330K11/220.34 mi9, Beaumont Road, Norwich, Norfolk NR5 0HQ3
£258K02/210.35 mi3, Hendon Close, Norwich, Norfolk NR5 0EL3
£265K07/240.35 mi13, Hendon Close, Norwich, Norfolk NR5 0EL3
£240K07/210.37 mi35, Sunny Close, Norwich, Norfolk NR5 0ET3
£320K05/230.39 mi26, Ruskin Road, New Costessey, Norwich, Norfolk NR5 0LL3
£123.1K11/200.4 mi130, Knowland Grove, Norwich, Norfolk NR5 8YA3
£158.5K12/200.4 mi124, Knowland Grove, Norwich, Norfolk NR5 8YA3
£565K09/230.4 mi29, Hellesdon Mill Lane, Norwich, Norfolk NR6 5AY3
£362.5K10/230.4 mi88, Norwich Road, Norwich, Norfolk NR5 0EG3
£192.5K02/210.4 mi14, Kabin Road, Norwich, Norfolk NR5 0LN3
£172K06/210.41 mi83, Marlpit Lane, Norwich, Norfolk NR5 8XN3
£267.5K02/210.42 mi59, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£315K08/240.42 mi15, Kabin Road, Norwich, Norfolk NR5 0LW3
£345K02/230.42 mi18, Kabin Road, Norwich, Norfolk NR5 0LW3
£325K02/230.43 mi8, Sunny Grove, Norwich, Norfolk NR5 0EJ3
£188K11/220.44 mi19, Randle Green, Norwich, Norfolk NR5 8YL3

Local Rents

13 rents from £1.1K/mo to £1.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,39502/250.04 mi-3
£1,32506/240.05 miOlive Road, Norwich3
£1,35005/230.15 mi-3
£1,49501/240.15 mi-3
£1,30012/240.4 miKnowland Grove, NORWICH3
£1,35012/240.43 mi-3
£1,40001/250.43 mi-3
£1,28002/250.43 mi-3
£1,40001/250.49 mi-3
£1,30012/240.51 miNorwich Road, Norwich3
£1,45006/240.56 miDereham Road, Norwich, NR53
£1,19502/250.58 mi-3
£1,10012/240.61 mi-3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.23 miles away

Nearest school

0.40 miles away

Nearest train station

3.15 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £170,000

February 21, 2025

Description

  • Being Sold via Secure Sale online bidding. Terms & Conditions apply. +
  • QUIET RESIDENTIAL LOCATION +
  • 3 BEDROOMS AND 2 RECEPTION ROOMS +
  • GAS FIRED CENTRAL HEATING +
  • DOUBLE GLAZING +
  • GARAGE +
  • SCOPE FOR IMPROVEMENT +

Being Sold via Secure Sale online bidding. Terms & Conditions apply.

Location
The property is located in Costessey just four miles from the centre of Norwich. Costessey has local shopping facilities and primary and secondary schools. Norwich, the cathedral city and regional centre of East Anglia, boasts a lively night life, cultural and social activities as well as good shopping and an historic centre. The Norfolk and Norwich University hospital and the University of East Anglia are also close by.

Accommodation
The ground floor accommodation comprises entrance lobby, sitting room, dining room and kitchen. On the first floor there are three bedrooms and a bathroom. The property requires a program of improvements but does benefit from gas fired central heating and double glazing.

Outside
There is a small front garden laid to lawn and shrub beds. The rear garden is enclosed and laid mainly to lawn with a deck, shrubs and a large timber garden shed. The brick built garage is in a compound nearby and has an up and over door.

Directions
Leave Norwich city centre on the A1074 Dereham Road, continue out of the city, at the Cherry Tree pub turn right onto Norwich Road, take the first right hand turn into Oval Road, at the end of Oval Road turn left onto Gunton Lane and the property can be found on the left hand side of the road.

Council Tax Band: B
Tenure: Freehold

Agent Details

Pattinson Estate Agents, Auction

0191 625 0242

Next Steps?

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