2 Bed Terraced House, Single Let, Norwich, NR3 1NG, £195,000

16 Bull Close Road, Norwich, NR3 1NG - 1 views - 2 months ago

BTL
ROI: 2%
55 m²
+4 photos

ValuationOvervalued

Sold Prices£163K - £305K
Sold Prices/m²£2.4K/m² - £4.1K/m²

 

 

Square Metres

55 m²
Price/m²£3.5K/m²

Value Estimate

£162,819

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£48,750

Stamp Duty & Legal Fees

£10,950

Total Cash In

£59,700

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£893

Running Costs/mo

£808

Cashflow/mo

£85

Cashflow/yr

£1,020

ROI

2%

Gross Yield

5%

Local Sold Prices

50 sold prices from £163K to £305K, average is £212.5K. £2.4K/m² to £4.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£216K03/230.07 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£189K02/210.09 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£190.3K06/230.1 mi77, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£240K10/220.1 mi82, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£168K07/230.1 mi30, Beaconsfield Road, Norwich, Norfolk NR3 4PW2
£265K01/230.11 mi23, Cowgate, Norwich, Norfolk NR3 1SZ2
£248K12/210.12 mi61, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£245K02/240.12 mi5, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£190K12/200.12 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£305K09/230.12 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£191K11/220.14 mi36, Cowgate, Norwich, Norfolk NR3 1SY2
£192K01/210.14 mi57, Knowsley Road, Norwich, Norfolk NR3 4PR2
£237.6K01/230.14 mi45, Knowsley Road, Norwich, Norfolk NR3 4PR2
£185K02/210.15 mi78, Wodehouse Street, Norwich, Norfolk NR3 4TZ2
£230K12/200.15 mi47, Wodehouse Street, Norwich, Norfolk NR3 4TY2
£235K05/230.15 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£163K03/210.15 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£253K10/230.15 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£203.5K11/200.16 mi58, Knowsley Road, Norwich, Norfolk NR3 4PS2
£232K06/230.16 mi6, Knowsley Road, Norwich, Norfolk NR3 4PS2
£249.5K06/230.16 mi56, Knowsley Road, Norwich, Norfolk NR3 4PS2
£180K12/200.16 mi17, Willis Street, Norwich, Norfolk NR3 1SW2
£196K06/210.16 mi9, Willis Street, Norwich, Norfolk NR3 1SW2
£219K10/230.16 mi121, Marlborough Road, Norwich, Norfolk NR3 4PL2
£210K11/200.16 mi87, Marlborough Road, Norwich, Norfolk NR3 4PL2
£240K12/220.16 mi103, Marlborough Road, Norwich, Norfolk NR3 4PL2
£168K12/200.17 mi69, Peacock Street, Norwich, Norfolk NR3 1TB2
£195K01/230.17 mi11, St Pauls Square, Norwich, Norfolk NR3 1SN2
£215K11/210.17 mi4, Clarke Road, Norwich, Norfolk NR3 1JL2
£205K05/230.18 mi52, Heath Road, Norwich, Norfolk NR3 1JW2
£235K01/230.18 mi10, Heath Road, Norwich, Norfolk NR3 1JW2
£205K07/230.18 mi20, Heath Road, Norwich, Norfolk NR3 1JW2
£230K08/230.18 mi176, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£225K01/210.18 mi80, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£180K01/230.18 mi29, Esdelle Street, Norwich, Norfolk NR3 3BN2
£180K05/230.18 mi37, Esdelle Street, Norwich, Norfolk NR3 3BN2
£183.5K11/210.19 mi96, Spencer Street, Norwich, Norfolk NR3 4PE2
£173K03/210.19 mi38, Magpie Road, Norwich, Norfolk NR3 1JQ2
£195K07/210.19 mi97, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£240K10/230.19 mi129, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£206.5K09/210.19 mi105, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£220K12/200.19 mi127, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£240K09/210.19 mi32, Magpie Road, Norwich, Norfolk NR3 1JQ2
£178K03/210.19 mi40, Shipstone Road, Norwich, Norfolk NR3 1JY2
£250K03/240.19 mi6, Churchill Road, Norwich, Norfolk NR3 4PY2
£225K02/240.19 mi44, Churchill Road, Norwich, Norfolk NR3 4PY2
£205K12/230.19 mi14, Churchill Road, Norwich, Norfolk NR3 4PY2
£204.1K03/210.19 mi48, Churchill Road, Norwich, Norfolk NR3 4PY2
£215K02/240.19 mi58, Churchill Road, Norwich, Norfolk NR3 4PY2
£216K09/210.2 mi54, Magdalen Road, Norwich, Norfolk NR3 4AQ2

Local Rents

48 rents from £825/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90006/240.03 miBull Close Road, NORWICH2
£99506/240.06 mi-2
£1,10008/240.06 miMarlborough Road, Norwich, Norfolk, NR32
£90009/240.07 miMagpie Road2
£95006/240.08 miCross Keys Yard2
£95007/240.08 miCross Keys Yard2
£1,20006/240.09 miMagdalen Street, Norwich2
£99507/240.09 miMagpie Road, Norwich2
£1,20007/240.1 miBull Close, NORWICH2
£1,15007/240.1 miBeaconsfield Road, NR32
£1,20008/240.11 miBeaconsfield Road2
£1,10006/240.12 miNorwich, NR32
£82506/240.12 miYarn Mews, Norwich2
£1,25006/240.13 miMagdalen Road, Norwich, 2
£1,29507/240.13 mi-2
£1,29405/240.13 mi-2
£1,29404/250.13 mi-2
£1,30006/240.13 miCowgate, Norwich, NR32
£92506/240.13 miEdward Street, Norwich2
£95008/240.14 miDalymond Court, NR3 3FH2
£97508/240.14 miDalymond Court, Norwich, NR3 3FH2
£89506/240.14 miGuernsey Road, Norwich2
£87507/240.15 miWodehouse Street, Norwich, NR32
£1,10007/240.15 miWodehouse Street, Norwich, Norfolk, NR32
£99506/240.16 miKnowsley Road, Norwich2
£1,05006/240.16 miWillis Street, Norwich2
£95008/240.16 miWillis Street, NORWICH2
£1,15006/240.17 miSilver Street, NR32
£95006/240.17 miSilver Street, Norwich, NR32
£1,10004/250.17 mi-2
£1,00006/240.17 miClarke Road, Norwich, NR32
£1,05006/240.17 miPeacock Street, Norwich, Norfolk, NR32
£1,15008/240.17 miSilver Street, Norwich2
£1,15009/240.17 miSilver Street, Norwich2
£95010/240.18 mi-2
£1,10008/240.18 mi-2
£1,20006/240.19 miMagpie Road, Norwich, NR32
£1,20006/240.19 mi-2
£95001/250.2 mi-2
£1,30006/240.2 miSt James Quay, Norwich, NR32
£1,10001/250.2 mi-2
£1,20008/240.21 mi-2
£1,20007/240.21 miSaint Augustines Street, Norwich, NR32
£1,25012/240.22 mi-2
£99506/240.22 miSilver Road, Norwich, Norfolk, NR32
£1,05007/240.22 miSpencer Street, Norwich, NR32
£1,25004/250.23 mi-2
£1,05002/250.23 mi-2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.25 miles away

Nearest school

0.40 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £195,000

March 6, 2025

Floor Plans

Description

  • MID TERRACE HOUSE +
  • PORCH ENTRANCE +
  • TWO BEDROOMS +
  • NR3 LOCATION +
  • WALKING DISTANCE TO CITY CENTRE +

NR3 TERRACE ON THE EDGE OF THE CITY CENTRE Gilson Bailey are delighted to offer this WELL PRESENTED, TWO BEDROOM, PORCH ENTRANCE, MID TERRACE HOUSE situated in the highly sought after NR3 area of Norwich. Accommodation comprising entrance porch, lounge, dining, kitchen and a rear porch to the ground floor. On the first floor there are TWO BEDROOMS and a bathroom off landing. Outside there is a low maintenance front garden and a BISECTED REAR GARDEN with an outside storage shed. The house benefits from double glazing, gas heating and is in excellent condition throughout. The property would make a great first time purchase or buy-to-let investment so be quick to book a viewing.

Location - Bull Close Road is within walking distance of the City Centre and is situated close by to many local amenities including schooling, popular shops, pubs, restaurants and supermarkets. There is ease of access to Norwich train station, Riverside complex, Mousehold Heath, NDR and the Norwich Ring Road.

Accommodation Comprises - Front door to:

Entrance Porch - Door to:

Lounge - 3.60 x 3.28 (11'9" x 10'9") - Double glazed window, radiator.

Dining Room - 2.84 x 2.67 (9'3" x 8'9") - Double glazed window, radiator, stairs to first floor.

Kitchen - 3.09 x 1.81 (10'1" x 5'11") - Fitted wall and base units with worktops over, sink and drainer, space for cooker, fridge and washing machine, double glazed window, radiator.

First Floor Landing - Doors to two bedrooms and bathroom.

Bedroom One - 3.60 x 3.30 (11'9" x 10'9") - Double glazed window, radiator, cast iron fireplace.

Bedroom Two - 2.69 x 1.83 (8'9" x 6'0") - Double glazed window, radiator.

Bathroom - 3.18 x 1.78 (10'5" x 5'10") - Corner bath, shower cubicle, low level WC, hand wash basin, radiator, frosted double glazed window.

Outside Front - Low maintenance garden enclosed by walling with path to front door.

Outside Rear - Bisected garden with brick built storage shed, enclosed by timber fencing.

Local Authority - Norwich City Council, Tax Band A.

Tenure - Freehold

Utilities - Full fibre broadband available.
Mains water and electric.

Agent Details

Gilson Bailey, Norwich

01603 361812

Next Steps?

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