2 Bed Terraced House, Single Let, Norwich, NR3 1JG, £190,000

Magpie Road, Norwich, NR3 1JG - 1 views - a month ago

Leasehold
BTL
ROI: 3%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£163K - £305K
Sold Prices/m²£2.4K/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£207,918
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£928

Running Costs/mo

£799

Cashflow/mo

£129

Cashflow/yr

£1,544

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £163K to £305K, average is £215K. £2.4K/m² to £4.3K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£190K12/200.09 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£305K09/230.09 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£168K07/230.11 mi30, Beaconsfield Road, Norwich, Norfolk NR3 4PW2
£248K12/210.12 mi61, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£245K02/240.12 mi5, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£205K05/230.12 mi52, Heath Road, Norwich, Norfolk NR3 1JW2
£235K01/230.12 mi10, Heath Road, Norwich, Norfolk NR3 1JW2
£205K07/230.12 mi20, Heath Road, Norwich, Norfolk NR3 1JW2
£216K03/230.12 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£215K11/210.13 mi4, Clarke Road, Norwich, Norfolk NR3 1JL2
£173K03/210.13 mi38, Magpie Road, Norwich, Norfolk NR3 1JQ2
£180K01/230.13 mi29, Esdelle Street, Norwich, Norfolk NR3 3BN2
£180K05/230.13 mi37, Esdelle Street, Norwich, Norfolk NR3 3BN2
£189K02/210.13 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£192K01/210.14 mi57, Knowsley Road, Norwich, Norfolk NR3 4PR2
£240K09/210.14 mi32, Magpie Road, Norwich, Norfolk NR3 1JQ2
£265K01/230.14 mi23, Cowgate, Norwich, Norfolk NR3 1SZ2
£237.6K01/230.15 mi45, Knowsley Road, Norwich, Norfolk NR3 4PR2
£178K03/210.15 mi40, Shipstone Road, Norwich, Norfolk NR3 1JY2
£190.3K06/230.15 mi77, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£240K10/220.15 mi82, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£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
£220K05/230.16 mi5, Shipstone Road, Norwich, Norfolk NR3 1JZ2
£216K09/210.17 mi54, Magdalen Road, Norwich, Norfolk NR3 4AQ2
£216K12/200.17 mi156, Waterloo Road, Norwich, Norfolk NR3 3HN2
£275K09/230.17 mi156, Waterloo Road, Norwich, Norfolk NR3 3HN2
£191K11/220.17 mi36, Cowgate, Norwich, Norfolk NR3 1SY2
£220K11/200.18 mi28, St Augustines Street, Norwich, Norfolk NR3 3BZ2
£243K06/210.19 mi14, Albany Road, Norwich, Norfolk NR3 1EE2
£240K04/210.19 mi2a, Albany Road, Norwich, Norfolk NR3 1EE2
£207.5K12/200.19 mi31, Albany Road, Norwich, Norfolk NR3 1EE2
£233K10/230.19 mi27, Albany Road, Norwich, Norfolk NR3 1EE2
£200K10/210.19 mi21, Albany Road, Norwich, Norfolk NR3 1EE2
£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
£180K12/200.19 mi17, Willis Street, Norwich, Norfolk NR3 1SW2
£196K06/210.19 mi9, Willis Street, Norwich, Norfolk NR3 1SW2
£168K12/200.2 mi69, Peacock Street, Norwich, Norfolk NR3 1TB2
£183.5K11/210.2 mi96, Spencer Street, Norwich, Norfolk NR3 4PE2
£230K12/200.2 mi47, Wodehouse Street, Norwich, Norfolk NR3 4TY2
£235K05/230.2 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£163K03/210.2 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£253K10/230.2 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£185K02/210.2 mi78, Wodehouse Street, Norwich, Norfolk NR3 4TZ2
£210K11/200.21 mi87, Marlborough Road, Norwich, Norfolk NR3 4PL2

Local Rents

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

RentDateDistanceAddressBeds 
£90009/240.01 miMagpie Road2
£99507/240.03 miMagpie Road, Norwich2
£99506/240.05 mi-2
£90006/240.08 miBull Close Road, NORWICH2
£95006/240.09 miCross Keys Yard2
£95007/240.09 miCross Keys Yard2
£1,10008/240.09 miMarlborough Road, Norwich, Norfolk, NR32
£1,20006/240.09 miMagdalen Street, Norwich2
£89506/240.1 miGuernsey Road, Norwich2
£1,25006/240.1 miMagdalen Road, Norwich, 2
£1,20008/240.11 miBeaconsfield Road2
£1,15007/240.11 miBeaconsfield Road, NR32
£92506/240.11 miEdward Street, Norwich2
£1,10004/250.11 mi-2
£95008/240.12 miDalymond Court, NR3 3FH2
£97508/240.12 miDalymond Court, Norwich, NR3 3FH2
£1,10006/240.12 miNorwich, NR32
£1,00006/240.13 miClarke Road, Norwich, NR32
£1,10008/240.13 mi-2
£1,20006/240.13 miMagpie Road, Norwich, NR32
£1,20006/240.13 mi-2
£1,20007/240.14 miBull Close, NORWICH2
£95010/240.14 mi-2
£1,29507/240.16 mi-2
£1,29405/240.16 mi-2
£1,29404/250.16 mi-2
£1,30006/240.16 miCowgate, Norwich, NR32
£82506/240.17 miYarn Mews, Norwich2
£99506/240.17 miKnowsley Road, Norwich2
£1,20008/240.17 mi-2
£1,20007/240.17 miSaint Augustines Street, Norwich, NR32
£1,05002/250.18 mi-2
£1,05006/240.19 miWillis Street, Norwich2
£95008/240.19 miWillis Street, NORWICH2
£1,05006/240.2 miPeacock Street, Norwich, Norfolk, NR32
£87507/240.2 miWodehouse Street, Norwich, NR32
£1,10007/240.2 miWodehouse Street, Norwich, Norfolk, NR32
£92507/240.21 miSt. Augustines Gate, Norwich2
£1,10006/240.21 miSt. Martins At Oak Wall Lane, Norwich2
£1,05006/240.21 miSt. Martins At Oak Wall Lane, Norwich2
£1,00006/240.22 mi-2
£99506/240.22 miJust Off City Centre2
£1,15006/240.22 miSilver Street, NR32
£95006/240.22 miSilver Street, Norwich, NR32
£1,15008/240.23 miSilver Street, Norwich2
£1,15009/240.23 miSilver Street, Norwich2
£1,05007/240.23 miSpencer Street, Norwich, NR32
£1,10001/250.23 mi-2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.20 miles away

Nearest school

0.10 miles away

Nearest train station

0.93 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £190,000

March 7, 2025

Floor Plans

Description

  • Excellent bus routes offering easy access around Norwich +
  • U-shaped kitchen with plenty of storage and workspace +
  • Short walk to popular NR3 pubs like The Artichoke and The Stanley +
  • Two generous reception rooms perfect for living and entertaining +
  • Boarded loft providing extra storage space +
  • Modern three-piece bathroom suite with practical layout +
  • On-street parking for added convenience and accessibility +
  • Convenient location for both Norfolk and Norwich University Hospital and University of East Anglia +

This charming terraced home in Norwich offers affordable living in a well-connected and vibrant setting, just a short walk from popular NR3 pubs like The Artichoke and The Stanley. Perfectly suited for first-time buyers, this property features two spacious reception rooms and a U-shaped kitchen with access to a low-maintenance garden. With excellent transport links, including bus routes and easy access to both the Norfolk and Norwich University Hospital and the University of East Anglia, commuting is effortless. The home also boasts a fully serviced boiler, a three-piece bathroom suite, and a boarded loft for additional storage. On-street parking and friendly neighbours complete the package. The Location Magpie Road is ideally located in a vibrant area of Norwich, offering excellent transport links and amenities. With convenient bus routes nearby, commuting around the city and beyond is a breeze. Access to the Norfolk and Norwich University Hospital and the University of East Anglia is quick and easy, making it a great choice for medical professionals or students. For those who enjoy local culture and socialising, you'll be within walking distance of popular pubs like The Artichoke and The Stanley, both renowned in the NR3 area. The city center is just a short journey away, providing an abundance of cafes, shops, and entertainment options for you to enjoy. Magpie Road This terraced home in Norwich is the perfect find for a first-time buyer, offering both character and practicality. With two spacious reception rooms, this home creates an inviting space for everyday living and entertaining. The warm and cosy atmosphere throughout the property is enhanced by its excellent energy efficiency, making it incredibly cheap to run. The boiler has been fully serviced, giving you peace of mind knowing the home is both functional and reliable. The kitchen is designed in a convenient U-shape, offering plenty of workspace and storage. A single door leads to the rear garden, perfect for those who enjoy a low-maintenance outdoor area. Ideal for hosting a BBQ or simply enjoying a quiet afternoon, the garden is ideal for easy upkeep without sacrificing outdoor enjoyment. Upstairs, the landing connects two well-proportioned rooms, offering flexibility for use as bedrooms or home office space. The bathroom, featuring a three-piece suite, is clean and functional, providing everything you need. The house also benefits from good neighbors and a welcoming community, creating a sense of security. Additional storage is provided by a boarded loft, making it easy to keep your home organised. On-street parking is available, adding convenience to an already practical living situation. This home offers everything a first-time buyer could wish for—affordable, functional, and full of potential. Agents Note Sold Freehold Connected to all mains services

EPC Rating: D Disclaimer Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.

Agent Details

Minors & Brady, Unthank Road, Norwich

01603 361808

Next Steps?

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