2 Bed Bungalow, Refurb/BRRR, Norwich, NR7 9HG, £275,000

Greenborough Road, Norwich, Norfolk, NR7 9HG - 2 views - 13 days ago

Sold STC
Refurb/BRRR
~68 m²
+14 photos

ValuationOvervalued

Sold Prices£152K - £350K
Sold Prices/m²£2.6K/m² - £5.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£234,408

 

 

End Value (After Refurb)

£255,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£16,200

Refurb Costs

£30,760

Bridging Loan Interest

£7,219

Total Cash In

£124,679

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£255,000

Mortgage (After Refinance)

£191,250

Mortgage LTV

75%

Cash Left In

£124,679

Equity

£63,750

Rent Range

£795 - £1,525

Rent Estimate

£1,007

Running Costs/mo

£1,018

Cashflow/mo

£-11

Cashflow/yr

£-135

Gross Yield

4%

Local Sold Prices

49 sold prices from £152K to £350K, average is £250K. £2.6K/m² to £5.8K/m², average is £4K/m².

PriceDateDistanceAddressBeds 
£280K12/230.07 mi34, Greenborough Road, Norwich, Norfolk NR7 9HQ2
£253K01/240.07 mi30, Greenborough Road, Norwich, Norfolk NR7 9HQ2
£255K01/240.22 mi3, Greenwood Way, Norwich, Norfolk NR7 9HW2
£232.5K02/210.28 mi99, Harrisons Drive, Norwich, Norfolk NR7 9HU2
£217K01/210.28 mi51, Harrisons Drive, Norwich, Norfolk NR7 9HU2
£195K12/200.3 mi6, Pine Road, Norwich, Norfolk NR7 9LE2
£160K10/230.36 mi35, Antingham Road, Norwich, Norfolk NR7 9TA2
£198K05/230.37 mi46, Purland Road, Norwich, Norfolk NR7 9DZ2
£280K01/240.39 mi6, Tracey Road, Norwich, Norfolk NR7 9LA2
£196K11/230.5 mi37, Hooker Road, Norwich, Norfolk NR7 9UL2
£325K11/230.55 mi17, Belmore Close, Norwich, Norfolk NR7 0PS2
£208K10/220.55 mi25, Goulburn Road, Norwich, Norfolk NR7 9UX2
£152K07/230.56 mi75, Gawdy Road, Norwich, Norfolk NR7 9UZ2
£245K12/220.56 mi13, Caston Road, Norwich, Norfolk NR7 0LS2
£222.5K10/230.56 mi9, Caston Road, Norwich, Norfolk NR7 0LS2
£180K03/210.56 mi19, Goulburn Road, Norwich, Norfolk NR7 9UX2
£250K06/240.57 mi21, Blithewood Gardens, Norwich, Norfolk NR7 8PS2
£235K09/230.59 mi21, Cere Road, Norwich, Norfolk NR7 8JX2
£265K12/230.59 mi62, Cere Road, Norwich, Norfolk NR7 8JX2
£265K03/230.6 mi40, Blithemeadow Drive, Norwich, Norfolk NR7 8PY2
£255K11/200.6 mi102, Furze Road, Norwich, Norfolk NR7 0AU2
£280K09/210.62 mi61, Belmore Road, Thorpe St Andrew, Norwich, Norfolk NR7 0PR2
£265K07/240.62 mi49, Belmore Road, Thorpe St Andrew, Norwich, Norfolk NR7 0PR2
£220K11/210.62 mi90, Cere Road, Norwich, Norfolk NR7 8LH2
£228K12/200.62 mi5, Larch Close, Norwich, Norfolk NR7 8LE2
£260K11/200.62 mi20, Larch Close, Norwich, Norfolk NR7 8LE2
£278K02/230.66 mi7, Bewit Road, Norwich, Norfolk NR7 8LB2
£197K08/210.68 mi7, Linacre Avenue, Norwich, Norfolk NR7 8PF2
£236.5K11/210.68 mi90, Linacre Avenue, Norwich, Norfolk NR7 8JZ2
£202K12/200.68 mi80, Linacre Avenue, Norwich, Norfolk NR7 8JZ2
£250K11/230.68 mi36, Gorse Road, Thorpe St Andrew, Norwich, Norfolk NR7 0AY2
£253K07/210.68 mi41, Gorse Road, Thorpe St Andrew, Norwich, Norfolk NR7 0AY2
£308K09/230.68 mi49, Gorse Road, Thorpe St Andrew, Norwich, Norfolk NR7 0AY2
£275K02/240.69 mi116, Linacre Avenue, Norwich, Norfolk NR7 8JS2
£290K11/230.7 mi55, Linacre Avenue, Norwich, Norfolk NR7 8JY2
£207K12/200.7 mi72, Linacre Avenue, Norwich, Norfolk NR7 8PG2
£235K02/230.73 mi51, Furze Road, Norwich, Norfolk NR7 0AT2
£210K05/210.73 mi57, Furze Road, Norwich, Norfolk NR7 0AT2
£200K12/200.73 mi33, Spinney Road, Norwich, Norfolk NR7 0PL2
£265K08/230.74 mi40, Longfields Road, Norwich, Norfolk NR7 0NB2
£225K02/240.74 mi38, Longfields Road, Norwich, Norfolk NR7 0NB2
£263K03/230.74 mi9, Thompson Road, Norwich, Norfolk NR7 0LU2
£270K06/230.74 mi15, Thompson Road, Norwich, Norfolk NR7 0LU2
£350K07/210.74 mi86, Falcon Road West, Norwich, Norfolk NR7 8NY2
£287.5K01/230.74 mi22, Creance Road, Norwich, Norfolk NR7 8JW2
£242.5K09/210.75 mi18, Gage Road, Norwich, Norfolk NR7 8BN2
£267K11/220.75 mi31, Leveson Road, Norwich, Norfolk NR7 8NS2
£282K02/230.75 mi78, Orchard Close, Norwich, Norfolk NR7 9NZ2
£230K02/240.75 mi29, Inman Road, Norwich, Norfolk NR7 8JT2

Local Rents

22 rents from £795/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£95010/240.18 mi-2
£82512/240.36 miTracey Road, Norwich2
£95006/240.45 miPine Court, Plantation Drive, Norwich, Norfolk, NR72
£79512/240.47 miRowan Court, Plantation Drive, Norwich2
£1,00012/240.54 mi-2
£95012/240.62 miCere Road, Norwich, Norfolk, NR72
£1,15006/240.62 miThunder Lane, Thorpe St Andrew, Norwich, NR72
£1,30006/240.75 mi-2
£97506/240.75 miEgyptian Goose Road, NR7 8FN2
£82512/240.79 mi-2
£82512/240.79 mi-2
£1,52512/240.79 mi-2
£1,05006/240.8 miLeveson Road, Norwich2
£92512/240.86 miSwan Lane, Sprowston2
£1,10012/240.87 miThorpe Close, Norwich, Norfolk, NR72
£95006/240.93 mi-2
£95010/240.93 mi-2
£92512/240.93 mi-2
£1,05009/241.06 mi-2
£95006/241.11 miLloyd Road, Norwich, NR12
£1,10003/251.19 mi-2
£99506/241.21 miDesborough Way, Norwich2

Local Area Statistics

Population in NR7

32,046

Population in Norwich

366,887

Town centre distance

2.17 miles away

Nearest school

0.60 miles away

Nearest train station

2.07 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £275,000

March 14, 2025

Floor Plans

Description

* RENOVATION REQUIRED *
Now requiring modernisation is this two/three bedroom semi detached bungalow situated in a popular location and benefitting from a very large private garden backing woodland. There is ample room to extend into the loft and across the rear of the property subject to planning. Offered with no onward chain.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

QNO250065/2

Agent Details

YOUR MOVE - Bennetts, Norwich

01603 708978

Next Steps?

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