3 Bed Semi-Detached House, Refurb/BRRR, Norwich, NR6 6UD, £250,000

Bush Road, Hellesdon, Norwich, Norfolk, NR6 6UD - a month ago

Sold STC
Refurb/BRRR
ROI: 1%
~93 m²
+8 photos

ValuationFair Value

Sold Prices£150K - £400K
Sold Prices/m²£1.2K/m² - £5.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£275,934

Uplift in Value

+10%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£41,755

Bridging Loan Interest

£6,563

Total Cash In

£121,268

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£275,934

Mortgage (After Refinance)

£206,951

Mortgage LTV

75%

Cash Released

£19,451

Cash Left In

£101,817

Equity

£68,984

Rent Range

£950 - £1,600

Rent Estimate

£1,260

Running Costs/mo

£1,134

Cashflow/mo

£126

Cashflow/yr

£1,508

ROI

1%

Gross Yield

6%

Local Sold Prices

48 sold prices from £150K to £400K, average is £261K. £1.2K/m² to £5.7K/m², average is £3.3K/m².

PriceDateDistanceAddressBeds 
£220K01/210.04 mi81, Bush Road, Norwich, Norfolk NR6 6UD3
£227.5K10/200.04 mi118, Bush Road, Norwich, Norfolk NR6 6UD3
£210K05/210.06 mi10, Raymond Road, Norwich, Norfolk NR6 6PL3
£320K06/230.06 mi10, Raymond Road, Norwich, Norfolk NR6 6PL3
£275K10/200.11 mi91, Holt Road, Norwich, Norfolk NR6 6UA3
£310K05/210.11 mi69, Holt Road, Norwich, Norfolk NR6 6UA3
£300K04/230.11 mi111, Gowing Road, Norwich, Norfolk NR6 6UG3
£240K03/210.16 mi137, Gowing Road, Norwich, Norfolk NR6 6PZ3
£224K09/210.17 mi3, Bush Road, Norwich, Norfolk NR6 6UF3
£220K05/240.17 mi26, Bush Road, Norwich, Norfolk NR6 6UF3
£325K05/230.17 mi13, Bush Road, Norwich, Norfolk NR6 6UF3
£290K11/230.17 mi35, Bush Road, Norwich, Norfolk NR6 6UF3
£263K10/200.17 mi13, Bush Road, Norwich, Norfolk NR6 6UF3
£235K10/210.18 mi33, Dennis Road, Norwich, Norfolk NR6 6UB3
£235K11/210.18 mi63, Dennis Road, Norwich, Norfolk NR6 6UB3
£227K02/240.18 mi35, Dennis Road, Norwich, Norfolk NR6 6UB3
£250K11/200.18 mi37, Dennis Road, Norwich, Norfolk NR6 6UB3
£275K07/240.2 mi71, Raymond Road, Norwich, Norfolk NR6 6PN3
£280K12/220.2 mi3, Berrington Road, Norwich, Norfolk NR6 6PH3
£250K06/230.22 mi48, Berrington Road, Norwich, Norfolk NR6 6PH3
£300K09/230.22 mi7, Berrington Road, Norwich, Norfolk NR6 6PH3
£218K10/200.22 mi84, Gowing Road, Norwich, Norfolk NR6 6UH3
£350K06/230.25 mi13, Kered Road, Norwich, Norfolk NR6 6UY3
£252K11/200.25 mi11, Kered Road, Norwich, Norfolk NR6 6UY3
£230K11/200.27 mi23, Saracen Road, Norwich, Norfolk NR6 6PA3
£315K12/220.27 mi1, Saracen Road, Norwich, Norfolk NR6 6PA3
£250K04/210.27 mi16, Saracen Road, Norwich, Norfolk NR6 6PA3
£285K01/230.27 mi29, Saracen Road, Norwich, Norfolk NR6 6PA3
£230K01/230.29 mi79, Cottinghams Drive, Norwich, Norfolk NR6 6PT3
£258K06/240.29 mi74, Cottinghams Drive, Norwich, Norfolk NR6 6PT3
£259K07/240.3 mi17, Halden Avenue, Norwich, Norfolk NR6 6UX3
£225K11/200.3 mi1, Halden Avenue, Norwich, Norfolk NR6 6UX3
£315K09/230.32 mi14a, Middletons Lane, Norwich, Norfolk NR6 5NG3
£315K02/210.32 mi34, Middletons Lane, Norwich, Norfolk NR6 5NG3
£400K03/230.32 mi40, Middletons Lane, Norwich, Norfolk NR6 5NG3
£282.5K09/210.35 mi38, Gowing Road, Norwich, Norfolk NR6 6UL3
£150K01/210.35 mi9, Meredith Road, Norwich, Norfolk NR6 6PD3
£302K08/240.37 mi29, Cottinghams Drive, Norwich, Norfolk NR6 6PS3
£275K03/230.37 mi22, Cottinghams Drive, Norwich, Norfolk NR6 6PS3
£220K03/210.39 mi8, Arden Grove, Norwich, Norfolk NR6 6QA3
£374K06/230.39 mi7, Gowing Road, Norwich, Norfolk NR6 6UW3
£257K02/210.4 mi43, Firs Road, Norwich, Norfolk NR6 6UP3
£197K05/210.4 mi16, Firs Road, Norwich, Norfolk NR6 6UP3
£222K04/210.42 mi11, Foxcotte Close, Norwich, Norfolk NR6 6QB3
£273K02/210.42 mi5, Foxcotte Close, Norwich, Norfolk NR6 6QB3
£292.5K06/210.44 mi249, Reepham Road, Norwich, Norfolk NR6 5QH3
£266.5K01/240.46 mi262a, Reepham Road, Norwich, Norfolk NR6 5SP3
£275K03/210.47 mi233, Reepham Road, Norwich, Norfolk NR6 5QA3

Local Rents

18 rents from £950/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20012/240.21 mi-3
£1,40003/250.21 mi-3
£95003/240.23 mi-3
£1,20006/240.69 miHellesdon, Norwich, NR63
£1,60006/240.75 miLinks Avenue, Hellesdon, Norwich.3
£1,25006/240.77 miCromer Road, Norwich, NR63
£1,35006/240.86 miHartbee Road, Norwich, Norfolk, NR63
£1,10006/240.88 miDrayton Wood Road, Hellesdon3
£1,35012/240.97 miSilk Mill Road, Hellesdon, Norfolk, NR63
£1,30003/250.97 mi-3
£1,50012/241.01 mi-3
£1,50001/251.03 mi-3
£1,17503/251.07 mi-3
£1,20012/241.08 miBeaufort Close, Old Catton, Norwich3
£1,25006/241.13 mi3 Elder Close, Norwich, Norfolk, NR63
£1,30003/241.14 miSycamore Court, Norwich, Norfolk, NR63
£1,10006/241.2 miRosebay Close, Norwich3
£1,10012/241.23 miOld Catton3

Local Area Statistics

Population in NR6

24,173

Population in Norwich

366,887

Town centre distance

2.44 miles away

Nearest school

0.30 miles away

Nearest train station

3.54 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+6%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £250,000

February 26, 2025

Floor Plans

Description

  • 3 Bedroom Semi Detached House +
  • No Onward Chain +
  • 17ft Bay Fronted Lounge +
  • Kitchen & Dining Room +
  • 3 Bedrooms & Wet Room Off Landing +
  • Double Glazed With Gas Central Heating +
  • Off Road Parking To Drive & Garage +
  • Enclosed Rear Garden +
  • Close To Local Shops & Schools +
  • Full Modernisation Required +

Situated close to a range of local amenities and schools for all ages is this three-bedroom semi-detached house with no onward chain. The property requires modernisation, however this is fully reflected in the realistic asking price.

The accommodation on offer includes a spacious entrance hall, a 17ft bay fronted lounge leading to a dining room and a kitchen to the ground floor. Upstairs you will find three bedrooms including two generous doubles and a wet room off landing. The property also benefits from double glazing and gas central heating.

Outside, to the front of the property is a generous drive with off road parking leading to a single garage. To the rear is an enclosed garden which is laid mainly to lawn & patio with a variety of attractive plants and shrubs.

Properties in this sought after location tend to be snapped up fast so time is of the essence. We have the keys, so please call Winkworth now to arrange a viewing.

AGENTS NOTES
Tenure - Freehold
Council Tax Band - C
Local Authority - Broadland
We have been advised that the property is connected to mains water, electricity, and gas.

Winkworth wishes to inform prospective buyers and tenants that these particulars are a guide and act as information only. All our details are given in good faith and believed to be correct at the time of printing but they don’t form part of an offer or contract. No Winkworth employee has authority to make or give any representation or warranty in relation to this property. All fixtures and fittings, whether fitted or not are deemed removable by the vendor unless stated otherwise and room sizes are measured between internal wall surfaces, including furnishings. The services, systems and appliances have not been tested, and no guarantee as to their operability or efficiency can be given.

Agent Details

Winkworth, Eaton

01603 361730

Next Steps?

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