3 Bed Terraced House, Refurb/BRRR, Norwich, NR2 3LQ, £230,000

Dover Street, Norwich, NR2 3LQ - 3 views - 23 days ago

Refurb/BRRR

~93 m²

+3 photos

ValuationFair Value

Sold Prices	£195K - £720K
Sold Prices/m²	£2.6K/m² - £6.9K/m²

Square Metres	~93 m²
Price/m²	£2.5K/m²
Value Estimate	£232,300£232,300

End Value (After Refurb)	£348,750£348,750
Uplift in Value	+52%+52%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£12,700£12,700
Refurb Costs	£42,055£42,055
Bridging Loan Interest	£6,038£6,038
Total Cash In	£120,042£120,042

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£348,750£348,750
Agent Fees (1%)	£3,488£3,488
Bridging Loan	£172,500£172,500
Bridging Loan Interest	£6,038£6,038
Flip Profit	£52,720£52,720

Local Sold Prices

50 sold prices from £195K to £720K, average is £350K. £2.6K/m² to £6.9K/m², average is £3.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£265K	01/23	0.02 mi	89, Portland Street, Norwich, Norfolk NR2 3LE	£3,786	70	3	Terraced House
£264.3K	01/23	0.02 mi	55, Portland Street, Norwich, Norfolk NR2 3LE	£3,660	72	3	Terraced House
£300K	08/21	0.04 mi	32, Portland Street, Norwich, Norfolk NR2 3LF	£3,659	82	3	Terraced House
£374.5K	02/21	0.04 mi	118, Portland Street, Norwich, Norfolk NR2 3LF	£4,161	90	3	Terraced House
£272K	11/21	0.05 mi	29, Warwick Street, Norwich, Norfolk NR2 3LD	£3,676	74	3	Terraced House
£350K	02/24	0.05 mi	87, Warwick Street, Norwich, Norfolk NR2 3LD	£3,431	102	3	Terraced House
£400K	03/21	0.07 mi	12, Portersfield Road, Norwich, Norfolk NR2 3JU	£4,153	96	3	Semi-Detached House
£195K	03/23	0.07 mi	49, Portersfield Road, Norwich, Norfolk NR2 3JU	£2,566	76	3	Terraced House
£240K	12/23	0.08 mi	39, Rose Valley, Norwich, Norfolk NR2 2PX	£3,896	62	3	Terraced House
£247K	09/21	0.09 mi	125, Lincoln Street, Norwich, Norfolk NR2 3JZ	£3,338	74	3	Semi-Detached House
£222K	03/24	0.09 mi	107, Lincoln Street, Norwich, Norfolk NR2 3JZ	£5,766	39	3	Semi-Detached House
£400K	10/20	0.09 mi	157, Unthank Road, Norwich, Norfolk NR2 2PG	£3,738	107	3	Terraced House
£360K	09/23	0.1 mi	19, Portersfield Road, Norwich, Norfolk NR2 3JT	£3,529	102	3	Semi-Detached House
£365K	10/21	0.1 mi	9, Portersfield Road, Norwich, Norfolk NR2 3JT	£3,724	98	3	Semi-Detached House
£248K	09/23	0.1 mi	142, Unthank Road, Norwich, Norfolk NR2 2RS	£3,263	76	3	Terraced House
£380K	05/21	0.11 mi	48, Whitehall Road, Norwich, Norfolk NR2 3EW	£3,813	100	3	Terraced House
£347K	10/20	0.11 mi	124, Whitehall Road, Norwich, Norfolk NR2 3EW	£3,337	104	3	Semi-Detached House
£396.5K	04/23	0.11 mi	28, Whitehall Road, Norwich, Norfolk NR2 3EW	£3,540	112	3	Terraced House
£345K	06/21	0.11 mi	77, Whitehall Road, Norwich, Norfolk NR2 3EN	£4,600	75	3	Semi-Detached House
£379K	12/22	0.11 mi	37, Whitehall Road, Norwich, Norfolk NR2 3EN	£3,267	116	3	Terraced House
£405K	11/23	0.11 mi	19, Whitehall Road, Norwich, Norfolk NR2 3EN	£4,219	96	3	Semi-Detached House
£375K	12/20	0.12 mi	94, Lincoln Street, Norwich, Norfolk NR2 3LB	£4,300	87	3	Terraced House
£277.5K	06/23	0.12 mi	128, Lincoln Street, Norwich, Norfolk NR2 3LB	£3,750	74	3	Semi-Detached House
£275K	01/21	0.13 mi	121, College Road, Norwich, Norfolk NR2 3JP	£3,438	80	3	Terraced House
£556.6K	11/22	0.13 mi	44, Portersfield Road, Norwich, Norfolk NR2 3JX	£5,921	94	3	Detached House
£405K	09/22	0.13 mi	48, Portersfield Road, Norwich, Norfolk NR2 3JX	£4,951	82	3	Semi-Detached House
£270K	01/21	0.13 mi	185a, Unthank Road, Norwich, Norfolk NR2 2PQ	£3,600	75	3	Terraced House
£200K	01/21	0.14 mi	33, Bury Street, Norwich, Norfolk NR2 2DJ	£2,632	76	3	Terraced House
£253K	01/23	0.15 mi	39, York Street, Norwich, Norfolk NR2 2AN	-	-	3	Terraced House
£475K	02/21	0.17 mi	109, Glebe Road, Norwich, Norfolk NR2 3JH	£4,750	100	3	Terraced House
£285K	10/23	0.17 mi	143, Glebe Road, Norwich, Norfolk NR2 3JH	£3,434	83	3	Terraced House
£271K	12/21	0.17 mi	63, Gloucester Street, Norwich, Norfolk NR2 2DX	£3,712	73	3	Terraced House
£306K	12/22	0.17 mi	94, Glebe Road, Norwich, Norfolk NR2 3JQ	£4,636	66	3	Terraced House
£390K	03/21	0.18 mi	120, Glebe Road, Norwich, Norfolk NR2 3JQ	£4,382	89	3	Terraced House
£270K	02/21	0.18 mi	96, Glebe Road, Norwich, Norfolk NR2 3JQ	£3,418	79	3	Terraced House
£720K	03/23	0.18 mi	120, College Road, Norwich, Norfolk NR2 3JB	£6,923	104	3	Detached House
£357K	12/20	0.2 mi	46a, Cambridge Street, Norwich, Norfolk NR2 2BB	£3,839	93	3	Semi-Detached House
£357K	12/20	0.2 mi	46a, Cambridge Street, Norwich, Norfolk NR2 2BB	£3,839	93	3	Semi-Detached House
£376K	10/21	0.21 mi	51, Cambridge Street, Norwich, Norfolk NR2 2BA	-	-	3	Terraced House
£385K	08/23	0.21 mi	37, Cardiff Road, Norwich, Norfolk NR2 3HR	£4,873	79	3	Terraced House
£420K	12/20	0.22 mi	28, Trinity Street, Norwich, Norfolk NR2 2BQ	£3,925	107	3	Terraced House
£350K	07/23	0.22 mi	18, Trinity Street, Norwich, Norfolk NR2 2BQ	£2,846	123	3	Semi-Detached House
£550K	03/23	0.22 mi	21, Trinity Street, Norwich, Norfolk NR2 2BQ	£4,167	132	3	Terraced House
£536K	08/23	0.22 mi	88, Mill Hill Road, Norwich, Norfolk NR2 3DS	£6,306	85	3	Terraced House
£282K	06/23	0.22 mi	20, Swansea Road, Norwich, Norfolk NR2 3HU	£3,576	79	3	Terraced House
£275K	11/23	0.23 mi	22, Chester Street, Norwich, Norfolk NR2 2AY	£3,790	73	3	Terraced House
£303K	02/23	0.23 mi	79, Bury Street, Norwich, Norfolk NR2 2DL	£4,329	70	3	Terraced House
£265K	11/20	0.23 mi	83, York Street, Norwich, Norfolk NR2 2AW	£3,581	74	3	Terraced House
£367.5K	12/20	0.24 mi	14, Grange Road, Norwich, Norfolk NR2 3NH	£4,129	89	3	Semi-Detached House
£510K	07/23	0.24 mi	4, Grange Road, Norwich, Norfolk NR2 3NH	£5,604	91	3	Semi-Detached House

Local Rents

50 rents from £910/mo to £2K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,200	07/24	0 mi	Dover Street, Norwich	3	Terraced House
£1,200	08/24	0 mi	Dover Street, Norwich	3	Terraced House
£1,050	06/24	0.01 mi	Dover Street, Norwich, NR2	3	Terraced House
£1,450	07/24	0.02 mi	Portland Street, Norwich, NR2	3	House
£1,110	03/24	0.02 mi	Portland Street, Norwich NR2 3LF	3	Terraced House
£1,700	07/24	0.02 mi	Portland Street, Norwich, Norfolk, NR2	3	Terraced House
£1,650	07/24	0.02 mi	Portland Street, NR2 3LE	3	Terraced House
£1,700	07/24	0.05 mi	Portland Street, Norwich	3	House
£1,260	06/24	0.06 mi	Dover Street, Norwich NR2 3LG	3	Terraced House
£1,260	06/24	0.06 mi	Dover Street, Norwich NR2 3LQ, 3 Bed	3	Terraced House
£1,050	08/24	0.06 mi	South West City	3	Terraced House
£1,250	07/24	0.07 mi	Portersfield Road, Norwich, NR2	3	Terraced House
£910	08/24	0.07 mi	Lincoln Street, Norwich	3	Terraced House
£1,300	09/24	0.08 mi	Portersfield Road, Norwich, NR2	3	House
£1,425	06/24	0.08 mi	Rose Valley, Norwich, NR2	3	Detached House
£1,800	06/24	0.08 mi	Rose Valley, Norwich, NR2	3	Terraced House
£1,520	06/24	0.09 mi	Lincoln Street, Norwich NR2 3JY	4	Terraced House
£1,295	07/24	0.09 mi	Rose Valley, Off Unthank Road, Norwich	3	Terraced House
£1,500	03/25	0.13 mi	-	3	Terraced House
£1,600	08/24	0.13 mi	College Road, Norwich	3	Terraced House
£1,200	01/12	0.14 mi	Bury Street,Norwich,NR2	3	Terraced House
£1,200	06/24	0.14 mi	Avenue Road, Norwich NR2 3HW	3	Terraced House
£1,260	06/24	0.14 mi	Avenue Road, Norwich NR2 3HN	3	Terraced House
£1,600	07/24	0.15 mi	York Street, Norwich, NR2	3	Terraced House
£2,000	09/24	0.15 mi	-	3	Flat
£2,000	08/24	0.15 mi	Cambridge Street, Norwich, NR2	3	Flat
£1,600	06/24	0.15 mi	-	3	Terraced House
£995	06/24	0.17 mi	Glebe Road, Norwich, NR2	3	Terraced House
£995	06/24	0.17 mi	Glebe Road, Norwich, NR2	3	Terraced House
£1,850	06/24	0.17 mi	The Chapters, Park Lane, Norwich	3	Terraced House
£1,140	06/24	0.18 mi	Onley Street, Norwich NR2 2EB	3	Flat
£1,300	06/24	0.19 mi	Onley Street, NORWICH	3	Flat
£1,350	06/24	0.19 mi	Bury Street, Norwich NR2 2DN	3	Terraced House
£1,260	06/24	0.19 mi	Bury Street, Norwich NR2 2DN	3	Terraced House
£1,295	06/24	0.19 mi	Rutland Street, Norwich, Norfolk, NR2	3	Terraced House
£1,295	07/24	0.19 mi	Rutland Street, Norwich, Norfolk, NR2	3	Terraced House
£1,350	06/24	0.2 mi	Henley Road, Norwich NR2 3NL	3	Terraced House
£1,150	06/24	0.2 mi	-	3	Terraced House
£1,150	06/24	0.2 mi	Cardiff Road, Norwich, NR2	3	Terraced House
£1,260	06/24	0.23 mi	Swansea Road, Norwich NR2 3HU	3	Terraced House
£1,200	07/24	0.23 mi	Bury Street, Norwich, NR2	3	Terraced House
£1,200	06/24	0.23 mi	York Street, NORWICH	3	Flat
£1,400	03/25	0.24 mi	-	3	Terraced House
£1,050	06/24	0.26 mi	Norwich	3	Terraced House
£1,200	06/24	0.26 mi	Essex Street, Norwich NR2 2BL	3	Terraced House
£1,200	06/24	0.27 mi	Denbigh Road, Norwich, NR2 3HH	3	Terraced House
£1,350	06/24	0.28 mi	Leicester Street, Norwich NR2 2AS	3	Terraced House
£1,075	06/24	0.28 mi	Caernarvon Road, Norwich, NR2 3HY	3	Terraced House
£1,300	06/24	0.29 mi	Wellington Road, Norwich	3	Flat
£1,750	03/24	0.29 mi	Leicester Street, Norwich, NR2 2DZ	3	Semi-Detached House

Local Area Statistics

Population in NR2	25,78225,782
Population in Norwich	366,887366,887
Town centre distance	1.31 miles away1.31 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.36 miles away1.36 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-7%-7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £230,000

March 7, 2025

Floor Plans

Description

VICTORIAN MID-TERRACE HOUSE +
WOULD BENEFIT FROM SOME UPDATING +
THREE BEDROOMS +
11'4 LOUNGE +
19'8 KITCHEN/DINER +
GROUND FLOOR FAMILY BATHROOM +
ENCLOSED REAR GARDEN +
LOCATED WITHIN THE POPULAR GOLDEN TRIANGLE +
CLOSE TO THE CITY CENTRE +
** GUIDE PRICE £230,000 - £240,000 ** +

GUIDE PRICE £230,000 - £240,000 This charming Victorian mid-terrace house is located in the highly desirable Golden Triangle area of Norwich, just a short distance from the city centre. Offering three bedrooms, this property presents an exciting opportunity for those looking to put their personal touch on a home that would benefit from some updating. Offering an 11'4 lounge and an impressive 19'8 kitchen/diner, providing plenty of room for family meals and entertaining. The ground floor family bathroom adds convenience to the layout. Externally, the property boasts an enclosed rear garden, providing a private outdoor space. With its excellent location and potential for modernisation, this house is an ideal choice for those seeking a home in a sought-after area. Call today to arrange your viewing!

Agent Details

Homeworks, Dereham

01362 702202

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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