5 Bed Detached House, Single Let, Norwich, NR8 6SZ, £450,000

297 Fakenham Road, Norwich, NR8 6LE - a month ago

Sold STC
BTL
~178 m²
+17 photos

ValuationUndervalued

Sold Prices£256K - £947.5K
Sold Prices/m²£1.7K/m² - £11.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.5K/m²

Value Estimate

£531,131
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£33,700

Total Cash In

£146,200

 

 

Cash Out

 

Rent Range

£995 - £2,225

Rent Estimate

£1,087

Running Costs/mo

£1,644

Cashflow/mo

£-557

Cashflow/yr

£-6,680

Gross Yield

3%

Local Sold Prices

25 sold prices from £256K to £947.5K, average is £475K. £1.7K/m² to £11.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£700K03/210.16 miThreeways, 40a, Ringland Road, Taverham, Norwich, Norfolk NR8 6TH5
£515K11/230.35 mi46, Sandy Lane, Taverham, Norwich, Norfolk NR8 6JR5
£430K10/210.66 mi2, Gardyn Croft, Taverham, Norwich, Norfolk NR8 6UZ5
£295K01/210.7 mi25, Haverscroft Close, Taverham, Norwich, Norfolk NR8 6LT5
£538K07/230.74 mi2, Isbets Dale, Taverham, Norwich, Norfolk NR8 6XA5
£450K01/210.74 mi133, Kingswood Avenue, Taverham, Norwich, Norfolk NR8 6UW5
£410K02/210.81 mi1, Coleridge Close, Taverham, Norwich, Norfolk NR8 6SW5
£885K07/230.82 miElmhurst, Highland Road, Taverham, Norwich, Norfolk NR8 6QP5
£370K05/210.86 mi24, Hazel Close, Taverham, Norwich, Norfolk NR8 6YE5
£388.5K02/210.92 mi12, Alder Way, Taverham, Norwich, Norfolk NR8 6YD5
£540K01/231.06 mi124, Taverham Road, Taverham, Norwich, Norfolk NR8 6SB5
£765K09/231.08 mi81, Fakenham Road, Taverham, Norwich, Norfolk NR8 6QA5
£370K03/211.16 mi8, Foxwood Close, Taverham, Norwich, Norfolk NR8 6XU5
£550K09/231.16 mi11, Foxwood Close, Taverham, Norwich, Norfolk NR8 6XU5
£947.5K12/221.18 mi80, Taverham Road, Taverham, Norwich, Norfolk NR8 6SB5
£650K02/211.18 mi92a, Taverham Road, Taverham, Norwich, Norfolk NR8 6SB5
£450K12/221.2 mi2, Priorswood, Taverham, Norwich, Norfolk NR8 6FY5
£500K09/231.22 mi5, Badgers Brook Road, Drayton, Norwich, Norfolk NR8 6EY5
£325K12/201.22 mi60, Badgers Brook Road, Drayton, Norwich, Norfolk NR8 6EY5
£256K07/241.34 mi5, Poethlyn Drive, Costessey, Norwich, Norfolk NR8 5ET5
£475K02/211.4 mi9, Wilderness Road, Costessey, Norwich, Norfolk NR8 5GJ5
£395K06/231.43 mi2, Magpie Close, Costessey, Norwich, Norfolk NR8 5AQ5
£740K09/211.45 mi18, Fakenham Road, Drayton, Norwich, Norfolk NR8 6PR5
£350K06/211.57 mi4, Elizabeth Way, Costessey, Norwich, Norfolk NR8 5HF5
£555K02/211.87 mi55, West End, Costessey, Norwich, Norfolk NR8 5AJ5

Local Rents

16 rents from £995/mo to £2.2K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£99506/240.15 mi-3
£1,75006/240.97 miTaverham Road, Norwich4
£1,75012/240.97 miTaverham Road, Norwich4
£1,50006/240.98 mi-3
£1,60001/251 mi-4
£1,60012/241 mi-4
£1,29512/241.02 mi-3
£1,35003/251.02 mi-3
£1,20006/241.03 miNorgate Way, Taverham, Norwich, NR83
£1,10012/241.05 miSuters Drive, Taverham, NR83
£1,45012/241.1 miThe Street, Ringland, NR84
£2,22506/241.12 miLittlewood, Drayton, NORWICH4
£1,45012/241.17 miThe Street, Ringland, Norwich4
£1,45012/241.18 miThe Street, NR84
£1,45012/241.18 miThe Street, Ringland, NORWICH4
£99503/241.22 miSteeple Chase, Thorpe Marriott, NR8 6YR3

Local Area Statistics

Population in NR8

20,321

Population in Norwich

366,887

Town centre distance

5.29 miles away

Nearest school

0.20 miles away

Nearest train station

6.35 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £450,000

March 7, 2025

Floor Plans

Description

  • Extended Detached Family Home +
  • Spacious Lounge & Separate Dining Room +
  • Kitchen/Breakfast Room +
  • Four/Five Bedrooms +
  • Re-Fitted Ensuite To Master +
  • Ample Parking & Integral Garage +
  • Re-Fitted Shower Room & Downstairs Cloak Room +
  • Enclosed Rear Garden & Ample Frontage +
  • Sought After Taverham Position +
  • EPC D / Council Tax Band D +

*OFFERED WITH NO ONWARD CHAIN* Iconic estate agents are pleased to offer for sale, this well presented detached family home in a desirable cul-de-sac position in Taverham. The property has been extended by the current owner and boasts generous accommodation throughout , which comprises; entrance hall with stairs rising to the first floor. Spacious 22ft lounge with French doors to the rear garden, dining room, re-fitted cloakroom, modern kitchen/breakfast room and a recently re-fitted utility room. Upstairs there are four generous bedrooms off the landing with the 3rd bedroom offering a room off which could be used as a play/games room or fifth bedroom. The master bedroom boasts a range of fitted wardrobes and a modern en-suite shower room and there is also a recently re-fitted family shower room off the landing. To the front there is a generous driveway which leads to the integral garage that has an electric roller door and also a spacious lawned garden. To the rear there is an enclosed garden which has been landscaped and boasts a selection of plant and shrub borders and a spacious patio. There is also a large side area which would be ideal for a hot tub or potential to extend (subject to planning). The property is located within easy access to the local schools along with being on a regular bus route. There is easy access to the NDR and the array of shops in the local area.

Agent Details

Iconic, Taverham

01603 361880

Next Steps?

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