3 Bed Detached House, Refurb/BRRR, Norwich, NR4 6PQ, £375,000

Cranleigh Rise, Eaton, NR4 6PQ - 4 views - a month ago

Sold STC
BTL
Refurb/BRRR
~93 m²
+8 photos

ValuationOvervalued

Sold Prices£190K - £578K
Sold Prices/m²£1.7K/m² - £5.4K/m²

 

 

Square Metres

~93 m²
Price/m²£4K/m²

Value Estimate

£310,583

 

 

End Value (After Refurb)

£366,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Refurb Costs

£42,000

Bridging Loan Interest

£9,844

Total Cash In

£166,044

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£366,750

Mortgage (After Refinance)

£275,063

Mortgage LTV

75%

Cash Left In

£166,044

Equity

£91,688

Rent Range

£1,200 - £2,000

Rent Estimate

£1,532

Running Costs/mo

£1,472

Cashflow/mo

£60

Cashflow/yr

£714

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £190K to £578K, average is £315K. £1.7K/m² to £5.4K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£400K11/220.11 mi23, Parsons Mead, Norwich, Norfolk NR4 6PG3
£460K08/240.11 mi41, Parsons Mead, Norwich, Norfolk NR4 6PG3
£370K10/230.13 mi41, Ebbisham Drive, Norwich, Norfolk NR4 6HQ3
£410K04/210.15 mi16, Greenways, Norwich, Norfolk NR4 6PE3
£285K12/230.15 mi17, Wakehurst Close, Norwich, Norfolk NR4 6JL3
£318K06/230.15 mi51, Wakehurst Close, Norwich, Norfolk NR4 6JL3
£315K11/230.15 mi6, Pyrford Drive, Norwich, Norfolk NR4 6HB3
£300K06/210.15 mi35, Amderley Drive, Norwich, Norfolk NR4 6HZ3
£192.5K09/230.18 mi3, Brentwood, Norwich, Norfolk NR4 6PN3
£325K12/200.18 mi23, Brentwood, Norwich, Norfolk NR4 6PN3
£275K05/240.18 mi57, Brentwood, Norwich, Norfolk NR4 6PN3
£190K03/210.18 mi13, Amderley Drive, Norwich, Norfolk NR4 6HY3
£300K04/240.18 mi3, Amderley Drive, Norwich, Norfolk NR4 6HY3
£425K10/230.19 mi9, Nutfield Close, Norwich, Norfolk NR4 6PF3
£385K12/220.2 mi7, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£335K09/220.21 mi7, Duverlin Close, Norwich, Norfolk NR4 6HS3
£360K12/220.21 mi9, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£330K11/230.21 mi12, Buckland Rise, Eaton, Norwich, Norfolk NR4 6HD3
£369K06/230.23 mi19, Kingswood Close, Norwich, Norfolk NR4 6JF3
£273K03/240.23 mi7, Kingswood Close, Norwich, Norfolk NR4 6JF3
£480K04/210.23 mi11, Wentworth Green, Norwich, Norfolk NR4 6AE3
£578K07/230.23 mi12, Wentworth Green, Norwich, Norfolk NR4 6AE3
£271K07/210.25 mi16, Merrow Gardens, Norwich, Norfolk NR4 6HH3
£238K04/210.26 mi2, Hardwick Close, Norwich, Norfolk NR4 6JQ3
£350K04/210.29 mi17, Buckland Rise, Norwich, Norfolk NR4 6EU3
£262K06/210.3 mi9, Havant Close, Norwich, Norfolk NR4 6NP3
£315K09/210.31 mi28, Buckland Rise, Norwich, Norfolk NR4 6EZ3
£275K03/210.31 mi78, Buckland Rise, Norwich, Norfolk NR4 6EZ3
£330K07/240.31 mi18, Buckland Rise, Eaton, Norwich, Norfolk NR4 6EZ3
£380K06/230.31 mi40, Buckland Rise, Eaton, Norwich, Norfolk NR4 6EZ3
£295K06/230.32 mi81, Lindford Drive, Norwich, Norfolk NR4 6LR3
£274K06/230.32 mi35, Lindford Drive, Norwich, Norfolk NR4 6LR3
£277.5K06/210.32 mi50, Lindford Drive, Norwich, Norfolk NR4 6LR3
£242.4K03/240.32 mi29, Lindford Drive, Norwich, Norfolk NR4 6LR3
£445K06/210.34 mi6, Bluebell Road, Norwich, Norfolk NR4 7LF3
£301K05/210.34 mi1, Bek Close, Norwich, Norfolk NR4 7NT3
£305K01/230.35 mi116, Abinger Way, Norwich, Norfolk NR4 6ND3
£292K11/210.37 mi120, Abinger Way, Norwich, Norfolk NR4 6ND3
£315K08/210.37 mi24, Leng Crescent, Norwich, Norfolk NR4 7NY3
£350K11/200.39 mi13, Leng Crescent, Norwich, Norfolk NR4 7NX3
£305K03/230.42 mi90, Abinger Way, Norwich, Norfolk NR4 6LJ3
£255K03/240.42 mi17, Abinger Way, Norwich, Norfolk NR4 6LJ3
£305K02/210.42 mi28, Abinger Way, Norwich, Norfolk NR4 6LJ3
£315K02/240.42 mi31, Abinger Way, Norwich, Norfolk NR4 6LJ3
£363K10/230.43 mi48, Leng Crescent, Norwich, Norfolk NR4 7NY3
£375K11/220.43 mi27, Leng Crescent, Norwich, Norfolk NR4 7NY3
£315K11/210.44 mi11, Norvic Drive, Norwich, Norfolk NR4 7NN3
£325K02/230.44 mi36, Norvic Drive, Norwich, Norfolk NR4 7NN3
£327K09/220.44 mi13, Norvic Drive, Norwich, Norfolk NR4 7NN3
£345K05/230.44 mi45, Norvic Drive, Norwich, Norfolk NR4 7NN3

Local Rents

15 rents from £1.2K/mo to £2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,40012/240.13 miEbbisham Drive, Norwich3
£1,80006/240.13 miBrentwood, Norwich, NR43
£1,45012/240.14 mi-3
£1,90006/240.15 mi-3
£2,00006/240.15 mi-3
£2,00003/250.15 mi-3
£1,20012/240.3 miHavant Close, NORWICH3
£1,40006/240.44 miNorvic Drive, NR43
£1,55012/240.44 miNorvic Drive, NORWICH3
£1,30001/240.48 miLeng Crescent, Norwich3
£1,25006/240.49 miThe Walnuts, Norwich, 3
£1,25012/240.53 mi-3
£1,55012/240.59 mi-3
£1,47512/240.59 mi-3
£1,45006/240.61 miUpton Road, Norwich, NR43

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

2.52 miles away

Nearest school

0.20 miles away

Nearest train station

2.34 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £375,000

February 21, 2025

Floor Plans

Description

  • Guide Price £375,000 - £400,000 +
  • Link-detached house, enjoying a cul-de-sac position within a sought-after residential area +
  • Sold with No Onward Chain! +
  • Requires modernisation but offers significant potential for improvement +
  • Boasting an approx. 0.16 acre south-west facing plot with a generous rear garden +
  • 3 good-sized first floor bedrooms, family bathroom and ground floor WC +
  • Practical kitchen with garden access and an integrated oven, hob and extractor +
  • Spacious L-shaped, dual-aspect lounge/diner enjoying sliding doors to the rear garden +
  • Off-road parking to the front and a single garage +
  • Within easy reach of local amenities and access to Norwich city centre +

SUMMARY Situated on an approx. 0.16 acre plot in the sought-after area of Eaton, this 3 bedroom link-detached home offers huge potential for modernisation, ideal for buyers seeking a project. Boasting a spacious dual aspect lounge/diner and a practical kitchen, this property also benefits from off-road parking, a garage and a generous south-west facing rear garden. Call now to arrange your viewing! 

OUTSIDE Set within an approx. 0.16 acre south-west facing plot, this property truly stands out for its exceptional outdoor space and prime location. The expansive rear garden is a particular highlight, offering a perfect blend of lawn and mature hedging - ideal for gardening enthusiasts, or creating a bespoke outdoor retreat. The front of the property provides off-road parking for multiple vehicles, complemented by a single garage with light, power and rear access. Situated in a desirable cul-de-sac in the sought-after area of Eaton, this home benefits from excellent local amenities, including schools, shops and parks, with convenient transport links to the city centre - making it an ideal choice for families and commuters alike. 

AGENTS NOTE Please be advised a planning application has been made within the area. 

DIRECTIONS From the crossroads and traffic lights in Eaton, turn onto Church Lane then turn left onto Greenways. Follow the road before turning left onto Cranleigh Rise where the property can be found on the left-hand side. 

LOCAL AUTHORITY Norwich 

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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