4 Bed Bungalow, Single Let, Norwich, NR5 0AZ, £160,000

23 Glenda Crescent, Norwich, Norfolk NR5 0AZ - 14 days ago

Auction
BTL
ROI: 12%
~90 m²
+11 photos

ValuationUndervalued

Sold Prices£208K - £550K
Sold Prices/m²£1.5K/m² - £5.9K/m²

 

 

Square Metres

~90.02 m²
Price/m²£1.8K/m²

Value Estimate

£200,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£1,100 - £2,756

Rent Estimate

£1,288

Running Costs/mo

£778

Cashflow/mo

£510

Cashflow/yr

£6,125

ROI

12%

Gross Yield

10%

Local Sold Prices

50 sold prices from £208K to £550K, average is £331.5K. £1.5K/m² to £5.9K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£380K03/210.09 mi2, Glenda Road, Norwich, Norfolk NR5 0AX4
£317.5K06/210.14 mi18, Olive Road, Norwich, Norfolk NR5 0AT4
£317.5K06/210.14 mi18, Olive Road, Norwich, Norfolk NR5 0AT4
£275K01/210.15 mi22, Beaumont Road, Norwich, Norfolk NR5 0HQ4
£247K04/210.15 mi29, Beaumont Road, Norwich, Norfolk NR5 0HQ4
£320K08/210.15 mi15, Crown Road, New Costessey, Norwich, Norfolk NR5 0ER4
£212.5K05/210.18 mi86, Gunton Lane, Norwich, Norfolk NR5 0AG4
£495K09/230.18 mi14, Ruskin Road, New Costessey, Norwich, Norfolk NR5 0LL4
£350K08/230.18 mi76, Olive Road, Norwich, Norfolk NR5 0AP4
£260K12/210.21 mi12, Kabin Road, Norwich, Norfolk NR5 0LN4
£212.5K08/230.21 mi43, Kabin Road, Norwich, Norfolk NR5 0LW4
£415K01/230.24 mi172, Gunton Lane, Norwich, Norfolk NR5 0AQ4
£350K08/230.24 mi174, Gunton Lane, Norwich, Norfolk NR5 0AQ4
£345K02/210.24 mi32, Kabin Road, Norwich, Norfolk NR5 0LW4
£385K04/230.28 mi117, Norwich Road, Norwich, Norfolk NR5 0LE4
£230K10/230.29 mi49, Oval Road, Norwich, Norfolk NR5 0DG4
£215K11/200.3 mi36, Crown Road, New Costessey, Norwich, Norfolk NR5 0ES4
£240K01/210.3 mi59, Crown Road, New Costessey, Norwich, Norfolk NR5 0ES4
£385K08/210.3 mi63, Ashtree Road, Norwich, Norfolk NR5 0LR4
£389K03/240.31 mi23, Sunny Grove, Norwich, Norfolk NR5 0EJ4
£430K05/230.31 mi30, Sunny Grove, Norwich, Norfolk NR5 0EJ4
£358K08/230.33 mi65, Oval Road, Norwich, Norfolk NR5 0DQ4
£315K11/220.33 mi71, Oval Road, Norwich, Norfolk NR5 0DQ4
£338K12/200.33 mi13a, Hawthorn Road, Norwich, Norfolk NR5 0LT4
£450K10/210.4 mi70, Gurney Road, New Costessey, Norwich, Norfolk NR5 0HL4
£495K06/230.4 mi68, Gurney Road, New Costessey, Norwich, Norfolk NR5 0HL4
£370K11/230.45 mi36a, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SY4
£268K11/200.49 mi22, Meadow Road, Norwich, Norfolk NR5 0NF4
£345K10/200.5 mi28, Ottaway Close, Costessey, Norwich, Norfolk NR5 0NY4
£350.5K03/230.5 mi24, Ottaway Close, Costessey, Norwich, Norfolk NR5 0NY4
£410K05/240.5 mi16, Ottaway Close, Norwich, Norfolk NR5 0NY4
£420K04/230.51 mi31, Meadow Road, Norwich, Norfolk NR5 0NF4
£287.5K12/220.54 mi160, Dereham Road, New Costessey, Norwich, Norfolk NR5 0SX4
£315K07/230.55 mi61, Holworthy Road, Norwich, Norfolk NR5 9DG4
£375K07/210.56 mi11, Grovedale Close, Norwich, Norfolk NR5 0HT4
£300K10/230.58 mi612, Dereham Road, Norwich, Norfolk NR5 8TE4
£376K02/230.6 mi87, Grove Avenue, New Costessey, Norwich, Norfolk NR5 0JA4
£465K01/210.61 mi29, Hellesdon Mill Lane, Norwich, Norfolk NR6 5AY4
£550K12/200.64 mi29, Low Road, Hellesdon, Norwich, Norfolk NR6 5AE4
£268K05/240.74 mi1, Clarkson Road, Norwich, Norfolk NR5 8EF4
£325K12/220.75 mi2, Clovelly Drive, Norwich, Norfolk NR6 5EY4
£325K08/210.75 mi9, Clovelly Drive, Norwich, Norfolk NR6 5EY4
£230K05/210.77 mi45, Clarkson Road, Norwich, Norfolk NR5 8EE4
£290K03/230.77 mi63, Hellesdon Road, Norwich, Norfolk NR6 5EE4
£220K11/200.8 mi151, Motum Road, Norwich, Norfolk NR5 8EG4
£250K08/230.8 mi8, Humbleyard, Norwich, Norfolk NR5 9BA4
£350K11/220.81 mi1, The Kerridges, Norwich, Norfolk NR5 0SP4
£208K05/210.81 mi29, Braithwait Close, Norwich, Norfolk NR5 9EJ4
£220K06/230.81 mi28, Braithwait Close, Norwich, Norfolk NR5 9EJ4
£348K02/230.84 mi42, Stafford Avenue, Norwich, Norfolk NR5 0QE4

Local Rents

35 rents from £1.1K/mo to £2.8K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,35005/230.12 mi-3
£1,49501/240.12 mi-3
£1,39502/250.17 mi-3
£2,60006/240.23 miNorwich Road, Norwich5
£1,32506/240.25 miOlive Road, Norwich3
£1,70002/240.28 mi-4
£1,60007/230.3 mi-4
£1,55008/240.3 mi-4
£1,30012/240.46 miKnowland Grove, NORWICH3
£1,30012/240.5 miNorwich Road, Norwich3
£1,75006/240.51 miOttaway Close, Costessey, Norwich4
£1,35012/240.51 mi-3
£1,40001/250.51 mi-3
£1,28002/250.51 mi-3
£2,00012/240.52 miHoughton Close, Norwich5
£2,20012/240.52 miToftes Place, Norwich, Norfolk, NR54
£1,50006/240.53 miHighlow Road, Norwich, NR54
£1,50003/240.53 mi-4
£2,01606/240.53 miBates Green, Norwich, NR5 8YN4
£2,00012/240.54 miBates Green, Norwich, NR55
£2,75612/240.54 miHolworthy Road, Norwich, NR56
£2,10012/240.54 miBates Green Bates Green, Norwich, NR55
£2,00012/240.54 miBates Green, Norwich, NR55
£2,10006/240.54 miBates Green, Norwich5
£2,10012/240.54 miBates Green, Norwich5
£2,10012/240.54 miBates Green, Norwich5
£1,60003/250.55 mi-4
£1,50004/240.55 mi-4
£1,40012/240.55 miGristock Place, Norwich, NR54
£1,10012/240.56 mi-3
£1,50006/240.58 miDereham Road, Norwich4
£1,45006/240.58 miNorwich, NR54
£1,50006/240.58 miDereham Road, NORWICH4
£1,45006/240.58 miDereham Road, Norwich, NR53
£1,60012/240.61 miLushington Close, Norwich3

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.44 miles away

Nearest school

0.50 miles away

Nearest train station

3.35 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £160,000

March 4, 2025

Floor Plans

Description

  • Vacant 4/5 bedroom bungalow +
  • Good condition including recently refitted kitchen +
  • Small gardens, en-bloc garage +
  • Guide price: £160,000 to £180,000 +
  • For sale by online livestream auction +
  • Unless previously sold or withdrawn prior +
  • 11:00am - Wednesday, 26th March 2025 +

FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, WEDNESDAY, 26 MARCH 2025

TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A vacant 4/5 bedroom bungalow in tucked away position This excellently presented single storey dwelling has potentially five bedrooms although could be adapted to provide three bedrooms and two further reception rooms. The bungalow has a recently refitted kitchen, oil fired central heating and full sealed unit double glazing. The gardens are small but provide total privacy and seclusion. To the side of the property is a lean to shed and garage en-bloc.

Costessey is well served by a wide range of community facilities, schools and shops along with a regular public transport service into central Norwich.

Excellent opportunity for first purchase or investment. Accommodation Entrance hall, study/bedroom 5, dining room/bedroom 4, lounge, kitchen, side hall providing access to three further bedrooms and a shower room.
Outside Small enclosed and private garden, garage and residents parking. Please note the outside store and land housing the oil tank is on land outside the current tile. These have been in continuous use for over 20 years.
Council Tax Band B
Viewings Viewings are arranged and the enxt are on Thursday 13 March. Please call the Norwich office to book an appointment. Tenure: Freehold EPC Rating: E Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £840 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House, East Anglia

01603 361653

Next Steps?

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