3 Bed Detached House, Refurb/BRRR, Norwich, NR14 7ER, £395,000

The Street, Rockland St. Mary, Norwich, NR14 7ER - a month ago

Refurb/BRRR
ROI: 2%
~93 m²
+16 photos

ValuationOvervalued

Sold Prices£209K - £470.2K
Sold Prices/m²£2.9K/m² - £4.6K/m²

 

 

Square Metres

~93 m²
Price/m²£4.2K/m²

Value Estimate

£289,121

 

 

End Value (After Refurb)

£305,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£98,750

Stamp Duty & Legal Fees

£28,200

Refurb Costs

£41,983

Bridging Loan Interest

£10,369

Total Cash In

£181,052

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£305,000

Mortgage (After Refinance)

£228,750

Mortgage LTV

75%

Cash Left In

£181,052

Equity

£76,250

Rent Range

£895 - £3,000

Rent Estimate

£1,500

Running Costs/mo

£1,273

Cashflow/mo

£227

Cashflow/yr

£2,723

ROI

2%

Gross Yield

5%

Local Sold Prices

22 sold prices from £209K to £470.2K, average is £316.3K. £2.9K/m² to £4.6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£240K09/230.16 mi78, The Street, Rockland St Mary, Norwich, Norfolk NR14 7AH3
£305K01/210.16 mi70a, The Street, Rockland St Mary, Norwich, Norfolk NR14 7AH3
£347K09/210.23 mi12, St Marys Close, Rockland St Mary, Norwich, Norfolk NR14 7EX3
£325K02/210.57 mi134b, The Street, Rockland St Mary, Norwich, Norfolk NR14 7HL3
£209K06/230.62 mi6, The Oaks, Rockland St Mary, Norwich, Norfolk NR14 7HD3
£279K11/200.63 mi7, The Oaks, Rockland St Mary, Norwich, Norfolk NR14 7HD3
£325K11/210.82 mi2, New Inn Hill, Rockland St Mary, Norwich, Norfolk NR14 7HP3
£307.5K11/200.96 miYare View, 12, Lower Road, Rockland St Mary, Norwich, Norfolk NR14 7HS3
£330K11/211.37 miThe Cottage, School Lane, Surlingham, Norwich, Norfolk NR14 7DH3
£305K03/211.4 mi12, Walnut Hill, Surlingham, Norwich, Norfolk NR14 7DQ3
£305K09/231.63 miRosehaven, Mill Road, Bergh Apton, Norwich, Norfolk NR15 1BQ3
£380K09/221.74 miFiddlers Cottage, Threadneedle Street, Bergh Apton, Norwich, Norfolk NR15 1BJ3
£370K01/211.76 miShoemakers Cottage, Threadneedle Street, Bergh Apton, Norwich, Norfolk NR15 1BJ3
£290K09/221.78 mi10, The Warren, Claxton, Norwich, Norfolk NR14 7AT3
£470.2K01/231.82 miFenellaschow, Church Road, Yelverton, Norwich, Norfolk NR14 7PB3
£392K09/231.82 miQuackers, Church Road, Yelverton, Norwich, Norfolk NR14 7PB3
£325K10/231.87 miWoodside, Mill Road, Ashby St Mary, Norwich, Norfolk NR14 7BN3
£415K11/211.87 miDewberry, Mill Road, Ashby St Mary, Norwich, Norfolk NR14 7BN3
£450K12/231.87 mi1, Mill Road, Ashby St Mary, Norwich, Norfolk NR14 7BN3
£301K05/211.93 mi10, Church Meadow, Alpington, Norwich, Norfolk NR14 7NY3
£255K08/212 mi30, Cherrywood, Alpington, Norwich, Norfolk NR14 7NJ3
£230K06/232 mi38, Cherrywood, Alpington, Norwich, Norfolk NR14 7NJ3

Local Rents

16 rents from £895/mo to £3K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,52507/240.16 miThe Street, Rockland St Mary4
£1,52508/240.16 miThe Street, Rockland St Mary4
£90006/240.17 miThe Street, Rockland St. Mary, Norwich, Norfolk, NR142
£1,50007/240.37 miThe Street, Rockland St. Mary, Norwich4
£1,80009/241.6 mi-2
£1,45003/251.6 mi-2
£1,65006/241.74 miChapel Lane, NR143
£1,25012/231.75 mi-3
£89506/241.77 miThe Warren, Claxton3
£1,20006/241.79 mi-1
£1,20006/241.79 miProspect Place, Norwich, NR151
£3,00012/241.81 mi-4
£1,70004/241.86 mi-3
£1,75006/241.86 miThe Old Yelverton Rectory, Norwich, NR143
£1,25006/241.93 miChurch Meadow, Norwich4
£1,20007/242.21 miThe Meadows, Thurton, Norwich3

Local Area Statistics

Population in NR14

23,676

Population in Norwich

366,887

Town centre distance

6.32 miles away

Nearest school

0.20 miles away

Nearest train station

2.38 miles away

 

 

Rental growth (12m)

-40%

Sales demand

Buyer's market

Capital growth (5yrs)

+10%

Property History

Listed for £395,000

March 6, 2025

Description

  • Highly sought after area of Rockland St Mary +
  • Field views +
  • Potential to extend (STPP) +
  • Modernisation required +
  • Perfect family home +

SUMMARY
William H Brown are excited to present THIS THREE BEDROOM DETACHED FAMILY HOME in the highly sought after area of Rockland St Mary. The property itself is perfect for any family looking for their forever home and benefits from extensive living space and fantastic field views.

DESCRIPTION
THIS WELL PROPORTIONED THREE BEDROOM DETACHED FAMILY HOME is situated in the highly sought after area of Rockland St Mary. The property is located just outside of Norwich and boasts excellent transport links to both Norwich itself, A47 and the A146 allowing easy access to both countryside & the city. It also benefits from an extensive living space, single garage, wc & bathroom and three well proportioned bedrooms. The property is in need of modernisation and has the potential to be extended (STPP).

Viewings are highly recommended before the property goes!!

Entrance Hall 

Cloakroom 
Wash hand basin, wc, carpeted floor and window to side.

Lounge 13' x 16' ( 3.96m x 4.88m )
Window to front, fire place, carpeted floor and radiator.

Dining Room 10' 11" x 11' 8" ( 3.33m x 3.56m )
Carpeted floor and radiator.

Reception Room 13' 7" x 11' 8" ( 4.14m x 3.56m )
Windows to front & rear, sliding door to garden and carpeted floor.

Kitchen 10' 4" x 11' ( 3.15m x 3.35m )
Tiled flooring, window to rear, wall & base units, stainless steel sink unit, space for fridge/ freezer, space for oven, plumbing for dish washer, radiator and pantry.

Utility Room 9' 1" x 8' 11" ( 2.77m x 2.72m )
Window to side, tiled floor and water supply.

First Floor Landing 
Carpeted floor, loft access, storage cupboard, radiator and window to side.

Bedroom One 12' x 14' 10" ( 3.66m x 4.52m )
Window to front, carpeted floor and storage.

Bedroom Two 12' x 10' 10" ( 3.66m x 3.30m )
Window to side, radiator and storage cupboard.

Bedroom Three 9' 3" x 8' 3" ( 2.82m x 2.51m )
Window to front, radiator and carpeted floor.

Bathroom 
Shower, wash hand basin, wc, wooden flooring and window to rear.

Garage 9' x 17' 3" ( 2.74m x 5.26m )
Boiler, gas meter and window to side.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Norwich

01603 361933

Next Steps?

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