5 Bed Terraced House, Single Let, Norwich, NR5 8YP, £210,000

1 Bates Green, Norwich, NR5 - 1 views - a month ago

Sold STC
Leasehold
BTL
ROI: 3%
81 m²
+14 photos

ValuationUndervalued

Sold Prices£178.5K - £1.2M
Sold Prices/m²£2K/m² - £4.6K/m²

 

 

Square Metres

81 m²
Price/m²£2.6K/m²

Value Estimate

£247,133
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£13,400

Total Cash In

£65,900

 

 

Cash Out

 

Rent Range

£950 - £2,880

Rent Estimate

£1,081

Running Costs/mo

£892

Cashflow/mo

£189

Cashflow/yr

£2,263

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £178.5K to £1.2M, average is £440K. £2K/m² to £4.6K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£330K11/230.34 mi78, Oval Road, Norwich, Norfolk NR5 0DQ5
£397.5K06/210.5 mi34, Sunny Grove, Norwich, Norfolk NR5 0EJ5
£178.5K08/210.51 mi23, Glenda Crescent, Norwich, Norfolk NR5 0AZ5
£282.5K02/210.63 mi50, Earlham Green Lane, Norwich, Norfolk NR5 8HE5
£282.5K02/210.63 mi50, Earlham Green Lane, Norwich, Norfolk NR5 8HE5
£300K10/230.67 mi79, Peverell Road, Norwich, Norfolk NR5 9AL5
£426.8K06/230.76 mi31, Ashtree Road, Norwich, Norfolk NR5 0LR5
£260K01/230.78 mi7, Notridge Road, Norwich, Norfolk NR5 9BE5
£555K06/210.89 mi55, Low Road, Hellesdon, Norwich, Norfolk NR6 5AF5
£560K07/240.89 mi63, Low Road, Hellesdon, Norwich, Norfolk NR6 5AF5
£580K10/200.9 mi530, Earlham Road, Norwich, Norfolk NR4 7TF5
£580.5K03/230.99 mi501, Earlham Road, Norwich, Norfolk NR4 7HN5
£350K12/201.03 mi12, Jasmine Close, Norwich, Norfolk NR4 7NE5
£430K03/241.06 mi450, Earlham Road, Norwich, Norfolk NR4 7HL5
£467K12/231.06 mi452, Earlham Road, Norwich, Norfolk NR4 7HL5
£420K07/211.08 mi5, Salter Avenue, Norwich, Norfolk NR4 7LX5
£695K03/211.25 mi223a, Earlham Road, Norwich, Norfolk NR2 3RQ5
£740K01/231.36 miPound Cottage, Townhouse Road, Costessey, Norwich, Norfolk NR8 5BX5
£330K01/231.39 mi7, Mardle Street, Norwich, Norfolk NR5 9HU5
£675K06/211.41 mi161, Earlham Road, Norwich, Norfolk NR2 3RG5
£375K10/231.42 mi220, Middletons Lane, Norwich, Norfolk NR6 5SA5
£246K06/211.42 mi158, Northfields, Norwich, Norfolk NR4 7EX5
£245K11/231.42 mi186, Northfields, Norwich, Norfolk NR4 7EX5
£647.5K02/211.43 mi205, Dereham Road, Norwich, Norfolk NR2 3TE5
£658K06/211.43 mi53, The Avenues, Norwich, Norfolk NR2 3QR5
£595K11/231.47 mi138, Earlham Road, Norwich, Norfolk NR2 3HF5
£405K09/231.51 mi301, Drayton High Road, Norwich, Norfolk NR6 5BL5
£700K07/221.51 mi170, College Road, Norwich, Norfolk NR2 3JA5
£660K03/211.51 mi43, The Avenues, Norwich, Norfolk NR2 3PH5
£677.3K06/211.52 mi119, Christchurch Road, Norwich, Norfolk NR2 3PG5
£790K05/231.52 mi117, Christchurch Road, Norwich, Norfolk NR2 3PG5
£580K12/221.56 mi18, Jessopp Road, Norwich, Norfolk NR2 3QA5
£500K11/201.61 mi14, Pinewood Close, Norwich, Norfolk NR6 5LX5
£725K08/221.66 mi88, Christchurch Road, Norwich, Norfolk NR2 3NG5
£345K06/231.67 mi11, Overbury Road, Norwich, Norfolk NR6 5LB5
£390K09/231.73 mi24, Whitehall Road, Norwich, Norfolk NR2 3EW5
£427K05/231.74 mi11, Doris Road, Norwich, Norfolk NR2 3EJ5
£1.2M12/221.75 mi18, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£550K11/211.75 mi8, Mill Hill Road, Norwich, Norfolk NR2 3DP5
£350K06/211.77 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB5
£335.5K12/201.78 mi80, Reepham Road, Norwich, Norfolk NR6 5LT5
£340K03/241.8 mi73, Lord Nelson Drive, Norwich, Norfolk NR5 0UF5
£370K04/231.8 mi103, Lord Nelson Drive, Norwich, Norfolk NR5 0UF5
£305K10/201.81 mi16, Copenhagen Way, Norwich, Norfolk NR3 2RB5
£375K01/231.82 mi40, Westwood Drive, Norwich, Norfolk NR6 5DE5
£820K08/231.83 mi40, Grosvenor Road, Norwich, Norfolk NR2 2PZ5
£707.5K06/211.84 mi2, Clarendon Road, Norwich, Norfolk NR2 2PW5
£450K04/211.89 mi255, Reepham Road, Norwich, Norfolk NR6 5QH5
£985K02/231.89 mi381, Unthank Road, Norwich, Norfolk NR4 7QG5
£955K12/201.9 mi1, Judges Drive, Norwich, Norfolk NR4 7QQ5

Local Rents

50 rents from £950/mo to £2.9K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£2,00012/240 miBates Green, Norwich, NR55
£2,10012/240.01 miBates Green Bates Green, Norwich, NR55
£2,10006/240.01 miBates Green, Norwich5
£2,10012/240.01 miBates Green, Norwich5
£2,10012/240.01 miBates Green, Norwich5
£2,00012/240.01 miBates Green, Norwich, NR55
£1,35012/240.05 mi-3
£1,40001/250.05 mi-3
£1,28002/250.05 mi-3
£1,40012/240.08 miGristock Place, Norwich, NR54
£2,01606/240.08 miBates Green, Norwich, NR5 8YN4
£1,30012/240.1 miKnowland Grove, NORWICH3
£1,50004/250.14 mi-4
£1,50004/240.14 mi-4
£2,20006/240.15 miNorwich, NR54
£1,20012/240.15 miJex Road, Norwich4
£1,20006/240.15 miJex Road, NORWICH4
£1,10006/240.15 miJex Road, NORWICH4
£2,88006/240.19 miDereham Road, Norwich6
£1,19502/250.2 mi-3
£1,50006/240.21 miDereham Road, Norwich4
£1,50006/240.22 miDereham Road, NORWICH4
£1,45006/240.22 miDereham Road, Norwich, NR53
£2,00012/240.24 miBeecheno Road, NORWICH5
£1,40012/240.24 mi-4
£1,20006/240.25 miClarkson Road, NORWICH4
£1,60006/240.25 miJex Road, Norwich, Norfolk, NR54
£1,30012/240.27 miNorwich Road, Norwich3
£1,80003/250.29 mi-5
£1,15012/240.31 mi-3
£2,50003/240.33 miBeecheno Road, Norwich, NR55
£1,85012/240.35 miNorwich, NR56
£1,70002/240.36 mi-4
£95006/240.36 miBeecheno Road, NORWICH3
£2,00006/240.37 miLarkman Lane, NORWICH5
£1,80006/240.37 miDarrell Place, Norwich, NR54
£2,60006/240.38 miNorwich Road, Norwich5
£1,72006/240.39 miDarrell Place, Norwich, NR5 8QW4
£1,05006/240.39 miGilbard Road, Norwich3
£1,32506/240.4 miOlive Road, Norwich3
£1,27512/240.4 miGilbard Road, NR5 8TR3
£1,50012/240.4 mi-3
£1,10012/240.4 mi-3
£1,75003/240.41 miGilbard Road, Norwich4
£1,10006/240.42 miNorwich, NR53
£1,35005/230.42 mi-3
£1,49501/240.42 mi-3
£2,75612/240.42 miHolworthy Road, Norwich, NR56
£1,70012/240.43 miMotum Road4
£1,85012/240.43 miMotum Road, Norwich, Norfolk, NR56

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.10 miles away

Nearest school

0.10 miles away

Nearest train station

2.91 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £210,000

March 15, 2025

Floor Plans

Description

  • Guide price: £210,000 - £220,000 +
  • Prime location close to the UEA and NNUH +
  • Ideal home for first time buyer or as a buy-to-let investment +
  • Well-presented and maintained throughout +
  • Good rental yield of 10.36% - previously rented for £2,000 +
  • Furnished +
  • Brand new fitted oven +
  • Warm roof on conservatory +
  • Five bedrooms making it an potential student home +
  • Close proximity to bus routes +

Guide price of £210,000 - £220,000. Situated in a prime location close to the University of East Anglia and Norfolk and Norwich University Hospital, this well-presented 5-bedroom terraced house offers an excellent opportunity for a larger family home or those looking for a lucrative buy-to-let investment. This property boasts a good rental yield of 10.36% after being previously rented for £2,000, and is flooded with natural light, the spacious rooms offer an open and airy ambience perfect for modern living. The accommodation extends over two floors, offering over 1,000 sqft of living space, providing ample room for a growing family or potential student tenants. Location Situated in a quiet residential cul-de-sac, 1 Bates Green offers a fantastic location in the heart of NR5. This sought-after area provides easy access to the University of East Anglia, Norfolk & Norwich University Hospital, and major road links, making it ideal for families, professionals, and investors alike. The property is just a short distance from local amenities, including supermarkets, schools, and leisure facilities, while Norwich city centre is only a 10-minute drive away, offering a vibrant mix of shopping, dining, and entertainment. With excellent transport links and green spaces nearby, this home is perfectly positioned for convenience and comfort. Bates Green

As you step into the property, you are greeted by a porch that leads into a utility/shower room on the left which contains a separate dryer and washing machine. On the right to the porch, you’ll find the hall, providing access to a ground floor WC, stairs leading to the first floor, and entry into the kitchen. The kitchen features clean finishes, and a brand-new fitted oven. The ground floor also houses two bedrooms, ideal for accommodating guests or creating a home office space. The highlight of the ground floor is the rear lounge with a fully insulated roof, which offers garden views and extends the living space, making it a perfect spot for relaxation or entertaining guests.

Ascending to the first floor, you will discover three additional bedrooms, each offering ample space and natural light. A modern shower room featuring a large double shower with full marble splashback and a sky-light completes the upper level of this charming property. The rear garden, which is enclosed for privacy, presents an opportunity for customisation and can be transformed into a charming outdoor space.

With five well-appointed bedrooms, this property has the potential to serve as a practical student home, catering to the growing demand for student accommodation in the area. Certain furniture and white goods that can be made available upon request, adding convenience and value to the purchase. Its unique corner plot location grants this home an open and spacious feel, creating a peaceful abode within the bustling city. Commuters will appreciate the property's easy access to nearby bus routes, making travel a breeze for work or leisure.

Agents Notes We understand this property will be sold freehold, connected to all main services. Council tax band - A

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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