4 Bed Detached House, Refurb/BRRR, Norwich, NR15 2WA, £425,000

Hill Farm Road, Norwich, NR15 2WA - 23 days ago

Refurb/BRRR
~129 m²
+29 photos

ValuationOvervalued

Sold Prices£197.5K - £450K
Sold Prices/m²£2.1K/m² - £3.1K/m²

 

 

Square Metres

~129.26 m²
Price/m²£3.3K/m²

Value Estimate

£323,143

 

 

End Value (After Refurb)

£385,656

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£31,200

Refurb Costs

£58,447

Bridging Loan Interest

£11,156

Total Cash In

£208,803

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£385,656

Mortgage (After Refinance)

£289,242

Mortgage LTV

75%

Cash Left In

£208,803

Equity

£96,414

Rent Range

£675 - £2,000

Rent Estimate

£1,148

Running Costs/mo

£1,455

Cashflow/mo

£-307

Cashflow/yr

£-3,681

Gross Yield

3%

Local Sold Prices

27 sold prices from £197.5K to £450K, average is £322.5K. £2.1K/m² to £3.1K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£425K10/220.02 mi1, Holmes Close, Long Stratton, Norwich, Norfolk NR15 2WJ4
£330K08/210.02 mi6, Holmes Close, Long Stratton, Norwich, Norfolk NR15 2WJ4
£365K02/210.1 mi8, Eastfield Road, Long Stratton, Norwich, Norfolk NR15 2WN4
£335K04/210.14 mi1, Beech Court, Long Stratton, Norwich, Norfolk NR15 2WY4
£328K09/230.14 mi8, Greenfield Way, Long Stratton, Norwich, Norfolk NR15 2WP4
£296K03/210.14 mi12, Greenfield Way, Long Stratton, Norwich, Norfolk NR15 2WP4
£345K03/210.15 mi13, Field Acre Way, Long Stratton, Norwich, Norfolk NR15 2WE4
£310K06/210.19 miCordwainers, The Street, Long Stratton, Norwich, Norfolk NR15 2AH4
£425K06/210.21 miTudor House, The Street, Long Stratton, Norwich, Norfolk NR15 2XQ4
£322.5K06/230.3 mi7, Swan Lane, Long Stratton, Norwich, Norfolk NR15 2XN4
£375K03/220.34 mi5, Welford Court, Long Stratton, Norwich, Norfolk NR15 2XL4
£312K09/230.45 mi29, Manor Park Gardens, Long Stratton, Norwich, Norfolk NR15 2TR4
£272K06/230.59 mi10, Rectory Close, Long Stratton, Norwich, Norfolk NR15 2TU4
£244.5K01/210.59 mi10, Rectory Close, Long Stratton, Norwich, Norfolk NR15 2TU4
£200K11/230.66 mi2, Owens Close, Long Stratton, Norwich, Norfolk NR15 2TX4
£357K01/210.67 miRainbows, Ipswich Road, Long Stratton, Norwich, Norfolk NR15 2TF4
£345K07/210.68 mi30, Upgate, Long Stratton, Norwich, Norfolk NR15 2ZE4
£360K06/210.69 mi7, Red Robin Close, Tharston, Norwich, Norfolk NR15 2ZD4
£390K10/230.72 mi19, Jermyn Way, Tharston, Norwich, Norfolk NR15 2ZA4
£450K09/230.72 mi17, Jermyn Way, Tharston, Norwich, Norfolk NR15 2ZA4
£197.5K08/230.72 mi32, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY4
£270K12/200.72 mi41, Lime Tree Avenue, Long Stratton, Norwich, Norfolk NR15 2TL4
£305K11/200.73 mi71, Lime Tree Avenue, Long Stratton, Norwich, Norfolk NR15 2TL4
£290K03/210.74 mi16, Suffield Close, Long Stratton, Norwich, Norfolk NR15 2JL4
£250K10/200.77 mi2, Suffield Close, Tharston, Norwich, Norfolk NR15 2JJ4
£280K10/200.77 mi9, Suffield Close, Tharston, Norwich, Norfolk NR15 2JJ4
£250K10/200.77 mi2, Suffield Close, Tharston, Norwich, Norfolk NR15 2JJ4

Local Rents

22 rents from £675/mo to £2K/mo, average is £935/mo.

RentDateDistanceAddressBeds 
£1,65006/240.02 miHolmes Close4
£1,65008/240.02 miHolmes Close4
£1,55008/240.08 miChurchfields Road4
£69506/240.08 miChurchfields Road,Long Stratton,NR151
£69512/240.09 mi-1
£70008/240.2 miThe Street, NR152
£86507/240.21 miThe Street, Long Stratton, Norwich, NR152
£86507/240.21 mi-2
£72503/240.21 miThe Street, NR151
£97506/240.22 miNorwich Road, NR153
£85002/250.24 mi-2
£89508/240.25 miSt. Michaels Road, NR152
£80008/240.25 miSt Michaels Road, Long Stratton, NR152
£67503/240.42 miThe Street, NR151
£89507/240.45 miManor Park Gardens, Long Stratton, NR152
£97510/230.68 mi-3
£1,25006/240.72 miJermyn Way3
£1,15007/240.73 miJermyn Way, Tharston3
£2,00006/240.98 miWood Green, NR155
£1,50006/241.67 miShelton Spot, Shelton, Norwich, Norfolk, NR154
£1,95008/241.94 miFritton4
£1,95006/242.44 miScots Bungalow, Hempnall, Norwich4

Local Area Statistics

Population in NR15

15,806

Population in Norwich

366,887

Town centre distance

10.60 miles away

Nearest school

0.50 miles away

Nearest train station

7.22 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £425,000

March 13, 2025

Floor Plans

Description

  • Detached 4/5 Bedroom House +
  • Recently Fitted Kitchen, Bathroom and En-suite +
  • Picturesque Field Views +
  • Driveway and Double Garage +
  • Modern Throughout +
  • Fantastic Location +
  • No Onward Chain +
  • Master with En-Suite +
  • Double Glazed and Gas Central Heating +

Launch Day on the 22nd of March Stunning 4/5 Bedroom Family Home in a Prime Location

Situated on a quiet, small road that backs onto picturesque fields, this impressive 4/5 bedroom family home offers a perfect blend of space, comfort, and modern living. The property features an excellent layout with generous room proportions, making it ideal for family life.

Boasting a recently fitted kitchen, bathroom, and en-suites, the home is ready to move into with no onward chain. The light-filled conservatory provides a peaceful space to relax and enjoy the views of the surrounding greenery.

A well-appointed study offers a dedicated area for work or study, while the separate utility room ensures a practical and organized home. The property also benefits from double glazing throughout and gas central heating for year-round comfort.

Outside, there is a double detached garage and ample driveway parking, providing plenty of space for vehicles and storage.

The property also benefits from recent modernisation/improvements including new windows & doors, patios, EV charger, solar panels and Tesla battery.

With its excellent setting, modern amenities, and generous living space, this home is a must-see for families seeking a tranquil yet convenient location.

Agent Details

Howards, covering Long Stratton

01508 505543

Next Steps?

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