2 Bed Bungalow, Refurb/BRRR, Norwich, NR8 6QH, £250,000

118 Fakenham Road, Taverham, NR8 6QH - a month ago

Sold STC
Refurb/BRRR
ROI: 1%
~68 m²
+1 photos

ValuationOvervalued

Sold Prices£163K - £412.5K
Sold Prices/m²£2.1K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£233,011

 

 

End Value (After Refurb)

£228,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£30,563

Bridging Loan Interest

£6,563

Total Cash In

£110,075

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£228,500

Mortgage (After Refinance)

£171,375

Mortgage LTV

75%

Cash Left In

£110,075

Equity

£57,125

Rent Range

£900 - £1,300

Rent Estimate

£1,044

Running Costs/mo

£943

Cashflow/mo

£101

Cashflow/yr

£1,214

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £163K to £412.5K, average is £199K. £2.1K/m² to £4.9K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£238.5K01/230.21 mi21, Seaforth Drive, Taverham, Norwich, Norfolk NR8 6YU2
£205K03/210.21 mi23, Seaforth Drive, Taverham, Norwich, Norfolk NR8 6YU2
£335K01/230.25 mi11, Argyll Crescent, Taverham, Norwich, Norfolk NR8 6YY2
£412.5K09/230.25 mi122, Haverscroft Close, Taverham, Norwich, Norfolk NR8 6LU2
£235K12/200.25 mi11, Argyll Crescent, Taverham, Norwich, Norfolk NR8 6YY2
£255K01/230.26 mi8, Norgate Way, Taverham, Norwich, Norfolk NR8 6TX2
£192.5K02/240.27 mi15, Cowdewell Mews, Taverham, Norwich, Norfolk NR8 6UH2
£202K05/230.27 mi16, Cowdewell Mews, Taverham, Norwich, Norfolk NR8 6UH2
£195K04/240.27 mi20, Mokyll Croft, Taverham, Norwich, Norfolk NR8 6UG2
£222K05/240.27 mi78, Mokyll Croft, Taverham, Norwich, Norfolk NR8 6UG2
£195K11/230.27 mi63, Mokyll Croft, Taverham, Norwich, Norfolk NR8 6UG2
£180K03/210.3 mi5, The Seates, Taverham, Norwich, Norfolk NR8 6UL2
£203K07/210.34 mi16, Peddars Way, Taverham, Norwich, Norfolk NR8 6UN2
£221K09/210.34 mi10, Peddars Way, Taverham, Norwich, Norfolk NR8 6UN2
£255K03/240.34 mi10, Peddars Way, Taverham, Norwich, Norfolk NR8 6UN2
£192.5K11/230.34 mi7, Peddars Way, Taverham, Norwich, Norfolk NR8 6UN2
£235K06/210.34 mi100, Shakespeare Way, Taverham, Norwich, Norfolk NR8 6SL2
£200K11/230.38 mi2, Nutwood Close, Taverham, Norwich, Norfolk NR8 6UY2
£163K01/210.38 mi47, Suters Drive, Taverham, Norwich, Norfolk NR8 6UU2
£258K11/210.4 mi31, Roedich Drive, Taverham, Norwich, Norfolk NR8 6RB2
£175K07/210.4 mi46, Acres Way, Drayton, Norwich, Norfolk NR8 6UT2
£175K10/200.4 mi36, Acres Way, Drayton, Norwich, Norfolk NR8 6UT2
£180K05/230.4 mi18, Acres Way, Drayton, Norwich, Norfolk NR8 6UT2
£200K01/240.42 mi46, Acres Way, Drayton, Norwich, Norfolk NR8 6UT2
£251.5K10/220.42 mi8, The Moors, Drayton, Norwich, Norfolk NR8 6EZ2
£185K06/230.43 mi4, Bishop Rise, Drayton, Norwich, Norfolk NR8 6UX2
£186K02/240.43 mi6, Bishop Rise, Drayton, Norwich, Norfolk NR8 6UX2
£345K02/210.44 mi17, Drayton Grove, Drayton, Norwich, Norfolk NR8 6PU2
£230K07/230.46 mi14, Bramble Close, Drayton, Norwich, Norfolk NR8 6AZ2
£195K08/210.48 mi23, Judges Gardens, Drayton, Norwich, Norfolk NR8 6XY2
£195K04/240.48 mi25, Judges Gardens, Drayton, Norwich, Norfolk NR8 6XY2
£176.3K11/200.48 mi4, Judges Gardens, Drayton, Norwich, Norfolk NR8 6XY2
£190K12/230.48 mi3, Rook Drive, Taverham, Norwich, Norfolk NR8 6XJ2
£190K07/210.48 mi18, Rook Drive, Taverham, Norwich, Norfolk NR8 6XJ2
£172K02/210.48 mi11, Rook Drive, Taverham, Norwich, Norfolk NR8 6XJ2
£190K06/210.48 mi15, Rook Drive, Taverham, Norwich, Norfolk NR8 6XJ2
£220K02/240.49 mi34, Radcliffe Road, Drayton, Norwich, Norfolk NR8 6XZ2
£210K08/230.49 mi36, Radcliffe Road, Drayton, Norwich, Norfolk NR8 6XZ2
£183K10/200.49 mi14, Radcliffe Road, Drayton, Norwich, Norfolk NR8 6XZ2
£195K10/210.5 mi23, Pendlesham Rise, Taverham, Norwich, Norfolk NR8 6XG2
£190K08/230.5 mi35, Pendlesham Rise, Taverham, Norwich, Norfolk NR8 6XG2
£198K10/200.5 mi1, Glebe Close, Drayton, Norwich, Norfolk NR8 6ES2
£263K09/220.5 mi7, Glebe Close, Drayton, Norwich, Norfolk NR8 6ES2
£255K09/230.5 mi3, Highfield Road, Drayton, Norwich, Norfolk NR8 6ER2
£232.5K05/230.5 mi49, Old Warren, Taverham, Norwich, Norfolk NR8 6GE2
£196K04/210.5 mi79, Old Warren, Taverham, Norwich, Norfolk NR8 6GE2
£190K10/200.5 mi71, Old Warren, Taverham, Norwich, Norfolk NR8 6GE2
£195K02/210.5 mi55, Old Warren, Taverham, Norwich, Norfolk NR8 6GE2
£240K08/230.5 mi43, Old Warren, Taverham, Norwich, Norfolk NR8 6GE2
£205K03/210.51 mi33, Bellomonte Crescent, Drayton, Norwich, Norfolk NR8 6EJ2

Local Rents

16 rents from £900/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£99512/240.21 miSeaforth Drive, Taverham, NR8 6YU2
£95006/240.48 miRook Drive, Taverham, Norwich2
£1,00006/240.5 miTaverham Road, Taverham, NORWICH2
£95011/240.51 mi-2
£90012/240.61 mi-2
£1,05012/240.74 miBrancaster Close, Drayton, Norwich2
£97503/240.75 miThe Drove, Taverham, Norwich2
£1,09502/250.75 mi-2
£99512/240.75 mi-2
£1,05001/250.75 mi-2
£1,05012/240.75 mi-2
£1,05012/240.77 miLaburnum Avenue, Norwich2
£99512/240.84 mi-2
£1,10012/241.07 miGeorge Drive, Norwich, Norfolk, NR82
£1,30012/241.16 miFleet Road, Costessey, NORWICH2
£1,25012/241.16 miFleet Road, NR8 5BH2

Local Area Statistics

Population in NR8

20,321

Population in Norwich

366,887

Town centre distance

4.45 miles away

Nearest school

0.20 miles away

Nearest train station

5.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £250,000

February 27, 2025

Floor Plans

Description

  • Modernisation Required +
  • Detached Bungalow +
  • Two Bedrooms +
  • Lounge & Kitchen/Breakfast Room +
  • Bathroom +
  • Conservatory/Lean to +
  • Generous Plot +
  • No Onward Chain +

In need of modernisation throughout. This 2 bedroom detached bungalow situated in Taverham is situated on a generous plot and is being sold with no onward chain.

Description - In need of modernisation throughout. This 2 bedroom detached bungalow situated in Taverham is situated on a generous plot and is being sold with no onward chain. Call now to view .

Entrance Hall - Double UPVC front doors, window to front, door to lounge and leading to hallway.

Inner Hall - Doors to kitchen, bathroom, bedroom 1, bedroom 2 and loft access.

Lounge - Fireplace, radiator and window to front.

Kitchen - Fitted with a range of wall, base and drawer units with worktop over, space for Aga, space for washing machine, two windows to side aspects, door to conservatory/lean to and cupboard.

Bathroom - Fitted with a 3 piece suite comprising bath, w.c, handwash basin, part tiled walls, window to rear and radiator.

Bedroom 1 - Window to rear, built in wardrobes and radiator.

Bedroom 2 - Window to front and radiator.

Outside - The property is approached by a driveway providing off road parking, leading to a single garage with up and over door. The front garden is lawned. The rear garden is mainly laid to lawn, side access gate. variety of shrubs and fruit trees.

Agent Details

Think Property, Norwich

01603 361893

Next Steps?

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