3 Bed Bungalow, Motivated Seller, Norwich, NR13 3LY, £245,000

Chapelfield, Freethorpe, Norwich, NR13 3LY - 1 views - 23 days ago

Motivated
BTL
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£213K - £612.5K
Sold Prices/m²£2K/m² - £4.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£299,667
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£13,450

Total Cash In

£74,700

 

 

Cash Out

 

Rent Range

£750 - £1,500

Rent Estimate

£825

Running Costs/mo

£951

Cashflow/mo

£-126

Cashflow/yr

£-1,507

Gross Yield

4%

Local Sold Prices

28 sold prices from £213K to £612.5K, average is £278.8K. £2K/m² to £4.7K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£305K04/210.05 mi35, Chapelfield, Freethorpe, Norwich, Norfolk NR13 3LY3
£220K10/230.16 mi19, Youngs Crescent, Freethorpe, Norwich, Norfolk NR13 3XA3
£612.5K03/210.17 mi71, The Green, Freethorpe, Norwich, Norfolk NR13 3NY3
£220K09/210.21 mi3, Old Chapel Road, Freethorpe, Norwich, Norfolk NR13 3LU3
£289.9K03/210.64 mi3, Halvergate Road, Freethorpe, Norwich, Norfolk NR13 3NS3
£256K11/201.36 miRobins Nest, The Street, Halvergate, Norwich, Norfolk NR13 3AJ3
£233K03/211.46 miThe Cottage, The City, Halvergate, Norwich, Norfolk NR13 3PX3
£295K11/201.53 miBleak Haven, Kittles Road, Moulton St Mary, Norwich, Norfolk NR13 3LN3
£290K09/211.58 mi1, Station Drive, Reedham, Norwich, Norfolk NR13 3JF3
£213K11/201.59 mi40, Church Road, Reedham, Norwich, Norfolk NR13 3TX3
£235K06/231.64 mi1, Chapel Road, Halvergate, Norwich, Norfolk NR13 3QA3
£270K03/211.64 mi5, Chapel Road, Halvergate, Norwich, Norfolk NR13 3QA3
£260K06/211.7 mi9, The Havaker, Reedham, Norwich, Norfolk NR13 3HG3
£302.5K11/201.74 miHey Barn, Church Road, Reedham, Norwich, Norfolk NR13 3TZ3
£310K08/211.76 mi19, Yareview Close, Reedham, Norwich, Norfolk NR13 3SZ3
£285K02/231.76 mi5, Yareview Close, Reedham, Norwich, Norfolk NR13 3SZ3
£345K03/231.9 mi4, Highland Close, Cantley, Norwich, Norfolk NR13 3SW3
£327K12/231.91 mi5, Barley Close, Cantley, Norwich, Norfolk NR13 3AF3
£272.5K12/201.91 mi1, Barley Close, Cantley, Norwich, Norfolk NR13 3AF3
£222.5K04/211.92 miSunnyside, Station Road, Cantley, Norwich, Norfolk NR13 3SH3
£295K06/211.93 mi5, Church Road, Cantley, Norwich, Norfolk NR13 3SL3
£253K01/211.94 mi31, Burnt House Road, Cantley, Norwich, Norfolk NR13 3RT3
£445K10/211.98 mi18a, Station Road, Reedham, Norwich, Norfolk NR13 3TA3
£390K12/221.98 miThe Cottage, Peacock Corner, Moulton St Mary, Norwich, Norfolk NR13 3NF3
£240K06/231.99 mi10, The Hills, Reedham, Norwich, Norfolk NR13 3TN3
£240K06/231.99 mi10, The Hills, Reedham, Norwich, Norfolk NR13 3TN3
£245K03/211.99 mi1, The Hills, Reedham, Norwich, Norfolk NR13 3TN3
£340K01/241.99 mi4, The Hills, Reedham, Norwich, Norfolk NR13 3TN3

Local Rents

16 rents from £750/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95007/240.16 miPearsons Close, Freethorpe, Norwich3
£75008/240.17 miThe Green, Freethorpe, Norwich1
£1,35006/240.29 miSutton Crescent, NR134
£1,35006/240.29 miSutton Crescent, NR134
£82507/241.03 miLimpenhoe3
£82507/241.16 miLimpenhoe2
£1,20006/241.57 miPenny Rise, Halvergate, NR133
£95006/241.58 miStation Drive, Reedham, Norwich2
£1,20006/241.89 mi-3
£1,10006/241.98 miStation Road, Reedham2
£92507/241.98 miReedham2
£1,50006/231.99 mi-3
£89506/242.03 miRiverside, Reedham2
£89506/242.1 miTunstall3
£89506/242.1 miTunstall3
£95006/242.25 miHalvergate3

Local Area Statistics

Population in NR13

26,695

Population in Norwich

366,887

Town centre distance

11.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.63 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+117%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £245,000

March 10, 2025

Floor Plans

Description

  • Extended Detached Bungalow +
  • Rural Village Setting with Field Views +
  • Kitchen/Dining Room with Utility Space +
  • Bay Fronted Sitting Room +
  • Three Bedrooms +
  • Garden Room +
  • Large Bathroom with Separate Shower +
  • Private Non-Overlooked Gardens +

IN SUMMARY
MOTIVATED VENDORS. This EXTENDED and DETACHED BUNGALOW offers over 1100 Sq. ft (stms) of accommodation, with PRIVATE NON-OVERLOOKED GARDENS which back onto a FIELD. Having been WELL MAINTAINED over the years, the property enjoys a SUBSTANTIAL PLOT with ample PARKING and an adjoining GARAGE. Various upgrades including WOOD FLOORING and NEW WINDOWS, whilst the accommodation includes a HALL ENTRANCE, bay fronted SITTING ROOM, three bedrooms with one currently used as an IDEAL STUDY, LARGE BATHROOM with separate SHOWER, open plan KITCHEN/DINING ROOM with utility space, and further garden room beyond. The GARDENS have been FULLY STOCKED and include a wildlife pond, lawns, patio and TIMBER SUMMER HOUSE.

SETTING THE SCENE
From the road, a hard standing driveway offers tandem parking, with adjacent lawned gardens screened with mature hedging, shrubbery and trees. With open fields to front, the front garden offers a perfectly usable space, with a raised bed and patio area to front. Access leads to the garage and main property.

THE GRAND TOUR
Heading inside, wood flooring runs underfoot, with built-in storage cupboards to one side. The first door on your right is the sitting room, with a feature fireplace and woodburner, bay window to front and wood flooring underfoot. This spacious room offers attractive views over the front gardens, and French doors could be installed allowing direct access to the front patio. The bedrooms are all located off the hall, one facing to front, the second to side, and the main bedroom to rear - with a range of built-in bedroom furniture. The family bathroom is extended and includes space for a four piece suite - allowing for a separate bath and shower cubicle. The kitchen/dining room is also extended, with space for a table, and ample built-in storage, integrated cooking appliances, and space for white goods. A utility space which offers further storage of white goods provides access to the garden room. with views over the garden and a door to rear.

FIND US
Postcode : NR13 3LY
What3Words : ///mondays.pushing.syndicate

VIRTUAL TOUR
View our virtual tour for a full 360 degree of the interior of the property.

EPC Rating: D

Agent Details

Starkings & Watson, Brundall

01603 336556

Next Steps?

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