3 Bed Terraced House, Refurb/BRRR, Norwich, NR7 9TH, £190,000

19 Woodforde Road, Heartsease, Norwich, NR7 9TH - 2 views - 8 days ago

Refurb/BRRR
ROI: 3%
~93 m²
+4 photos

ValuationFair Value

Sold Prices£164K - £370K
Sold Prices/m²£1.8K/m² - £3.4K/m²

 

 

Square Metres

~93 m²
Price/m²£2K/m²

Value Estimate

£190,000

 

 

End Value (After Refurb)

£232,500

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£42,000

Bridging Loan Interest

£4,988

Total Cash In

£106,938

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£232,500

Mortgage (After Refinance)

£174,375

Mortgage LTV

75%

Cash Released

£31,875

Cash Left In

£75,063

Equity

£58,125

Rent Range

£995 - £1,650

Rent Estimate

£1,277

Running Costs/mo

£1,002

Cashflow/mo

£275

Cashflow/yr

£3,300

ROI

3%

Gross Yield

8%

Local Sold Prices

48 sold prices from £164K to £370K, average is £210K. £1.8K/m² to £3.4K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£185K04/210.01 mi15, Woodforde Road, Norwich, Norfolk NR7 9TH3
£250K05/240.07 mi93, Munnings Road, Norwich, Norfolk NR7 9RL3
£198.5K10/230.1 mi113, Barclay Road, Norwich, Norfolk NR7 9QX3
£227.5K03/230.1 mi111, Barclay Road, Norwich, Norfolk NR7 9QX3
£227.5K08/230.11 mi22, Antingham Road, Norwich, Norfolk NR7 9TA3
£195K12/200.11 mi24, Antingham Road, Norwich, Norfolk NR7 9TA3
£230K05/240.11 mi19, Antingham Road, Norwich, Norfolk NR7 9TA3
£236K02/230.12 mi89, Watling Road, Norwich, Norfolk NR7 9TG3
£220.5K09/210.12 mi58, Purland Road, Norwich, Norfolk NR7 9DZ3
£205K04/230.12 mi63, Purland Road, Norwich, Norfolk NR7 9DZ3
£240K04/230.12 mi58, Purland Road, Norwich, Norfolk NR7 9DZ3
£182.5K08/210.13 mi24, Watling Road, Norwich, Norfolk NR7 9TE3
£250K01/230.13 mi41, Fugill Road, Norwich, Norfolk NR7 9QY3
£275K03/230.15 mi31, Churchman Road, Norwich, Norfolk NR7 9DS3
£220K06/210.16 mi64, Frere Road, Norwich, Norfolk NR7 9UU3
£210K05/210.16 mi4, Purland Road, Norwich, Norfolk NR7 9DY3
£210K08/230.16 mi12, Purland Road, Norwich, Norfolk NR7 9DY3
£170K06/210.17 mi110, Barclay Road, Norwich, Norfolk NR7 9QT3
£207K03/240.17 mi122, Barclay Road, Norwich, Norfolk NR7 9QT3
£206K07/210.18 mi204, Sale Road, Norwich, Norfolk NR7 9TT3
£164K12/200.18 mi218, Sale Road, Norwich, Norfolk NR7 9TT3
£257K11/220.2 mi10, Finch Close, Norwich, Norfolk NR7 9DX3
£180K10/200.2 mi84, Barclay Road, Norwich, Norfolk NR7 9QR3
£240K10/230.2 mi12, Chipperfield Road, Norwich, Norfolk NR7 9QJ3
£182K08/230.21 mi12, Colls Road, Norwich, Norfolk NR7 9QE3
£210K01/230.21 mi16, Colls Road, Norwich, Norfolk NR7 9QE3
£180K11/200.21 mi68, Barclay Road, Norwich, Norfolk NR7 9QP3
£210K04/230.21 mi117, Salhouse Road, Norwich, Norfolk NR7 9AN3
£210K03/210.22 mi25, Clancy Road, Norwich, Norfolk NR7 9AA3
£250K04/240.22 mi23, Clancy Road, Norwich, Norfolk NR7 9AA3
£189K04/210.22 mi23, Clancy Road, Norwich, Norfolk NR7 9AA3
£255.3K10/220.22 mi12, Clancy Road, Norwich, Norfolk NR7 9AA3
£241K08/230.25 mi2, Churchman Road, Norwich, Norfolk NR7 9DP3
£242K05/230.25 mi13, Barclay Road, Norwich, Norfolk NR7 9QA3
£370K05/210.26 mi1a, Greenborough Road, Norwich, Norfolk NR7 9HG3
£190K12/200.26 mi101, Witard Road, Norwich, Norfolk NR7 9XF3
£272.5K04/230.26 mi103, Witard Road, Norwich, Norfolk NR7 9XF3
£244K05/230.26 mi113, Witard Road, Norwich, Norfolk NR7 9XF3
£245K11/230.26 mi12, Williamson Close, Norwich, Norfolk NR7 9DT3
£210K08/210.26 mi80, Salhouse Road, Norwich, Norfolk NR7 9DN3
£187K11/200.26 mi54, Salhouse Road, Norwich, Norfolk NR7 9DN3
£198K12/220.27 mi12, Thurling Plain, Norwich, Norfolk NR7 9QG3
£175K12/200.27 mi93, Rider Haggard Road, Norwich, Norfolk NR7 9UB3
£207.5K08/230.27 mi23, Thurling Plain, Norwich, Norfolk NR7 9QG3
£240K09/230.27 mi17, Thurling Plain, Norwich, Norfolk NR7 9QG3
£186K10/200.27 mi24, Thurling Plain, Norwich, Norfolk NR7 9QG3
£185K05/210.28 mi18, Deloney Road, Norwich, Norfolk NR7 9DQ3
£255K05/230.28 mi53, Deloney Road, Norwich, Norfolk NR7 9DQ3

Local Rents

40 rents from £995/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.18 miSale Road, Norwich3
£1,03512/240.18 mi-3
£1,05003/250.18 mi-3
£1,35012/240.49 miFurze Road, Norwich, NR73
£1,25012/240.51 mi-3
£99512/240.6 miAerodrome Crescent, Thorpe St Andrew, NR73
£1,35012/240.61 miBroom Avenue, Thorpe St. Andrew, Norwich, Norfolk, NR73
£1,15012/240.64 miCere Road, Norwich3
£1,40008/240.65 miSycamore Avenue, Rackheath, NR133
£1,25006/240.7 miLarch Close, Sprowston, Norwich, Norfolk, NR73
£1,29512/240.73 miCannerby Lane, Norwich, Norfolk, NR73
£1,19002/250.75 mi-3
£1,25012/240.78 miCannerby Lane, NORWICH3
£1,30006/240.8 miHansell Road, Thorpe St Andrew, NR73
£1,00012/240.82 miSouth Hill Road, Norwich, Norfolk, NR73
£1,15012/240.89 miHilary Avenue, Norwich, NR13
£1,15006/240.91 miHilary Avenue, Norwich3
£1,05002/240.91 mi-3
£1,40006/240.92 miRandall Road, Sprowston, NR73
£1,25006/240.96 miHillcrest Road, Thorpe St Andrew, NR73
£1,20006/240.96 mi-3
£1,00006/240.99 miWormersley Road, Norwich3
£1,57507/240.99 miOstler Road, Norwich, Norfolk, NR133
£1,62507/240.99 miOstler Road, Norwich, Norfolk, NR133
£1,57508/240.99 miOstler Road, Norwich, Norfolk, NR133
£1,57508/240.99 miOstler Road, Norwich, Norfolk, NR133
£1,35001/251.03 mi-3
£1,20012/241.04 mi-3
£1,20006/241.04 miHarvey Lane, NORWICH3
£1,65007/241.08 miHumprey Way, Norwich, Norfolk, NR133
£1,10006/241.1 miCranes Croft Road3
£1,20001/251.13 mi-3
£1,57508/241.13 miMetcalf Road, Norwich, Norfolk, NR133
£1,57509/241.13 mi64 Metcalf Road, Norwich, Norfolk, NR133
£1,57507/241.16 miMetcalf Road, Norwich, Norfolk, NR133
£1,57507/241.16 miMetcalf Road, Norwich, Norfolk, NR133
£1,57507/241.16 miMetcalf Road, Norwich, Norfolk, NR133
£99504/241.18 mi-3
£1,00006/241.19 miHeath Road, Thorpe End, NR133
£99512/241.22 miWolfe Road, Norwich, Norfolk, NR13

Local Area Statistics

Population in NR7

32,046

Population in Norwich

366,887

Town centre distance

1.91 miles away

Nearest school

0.40 miles away

Nearest train station

1.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+25%

Sales demand

Balanced market

Capital growth (5yrs)

+16%

Property History

Listed for £190,000

March 18, 2025

Floor Plans

Description

  • NO ONWARD CHAIN +
  • SOUGHT AFTER LOCATION +
  • IN NEED OF MODERNISATION +
  • MID TERRACE +
  • THREE BEDROOMS +
  • UTILITY ROOM +
  • DRIVEWAY +
  • GOOD SIZE REAR GARDEN +

GILSON BAILEY are delighted to offer this THREE BEDROOM , mid terrace house located in the popular Heartsease estate to the north/east of Norwich. Accommodation comprises, entrance hall, lounge/diner, kitchen, utility room and WC to the ground floor. On the first floor there are three bedrooms, shower room and WC off landing. Outside there is a front driveway providing off road parking and a good sized, rear garden. The house benefits from UPVC double glazing , gas central heating but is in need of modernisation throughout.

Location - Situated to the north-east of Norwich close by to a good selection of amenities including schooling, shops, popular local pubs and restaurants. There are regular public transport links to and from the City centre with ease of access to the Norwich Ring Road, Mousehold Heath and NDR.

Accommodation Comprises - Front door to:

Entrance Hall - Doors to lounge/diner, kitchen and stairs to first floor.

Lounge/Diner - 5.85 x 3.12 (19'2" x 10'2") - UPVC Double glazed windows to front and rear, radiator.

Kitchen - 4.39 x 2.48 (14'4" x 8'1") - Fitted wall and base units with worktops over, sink and drainer, fitted oven and hob, UPVC double glazed window to front, radiator, door to

Utility Room - 2.49 x 1.57 (8'2" x 5'1" ) - Space for washing machine, door to rear, gas boiler, door to

Wc - Low level WC, hand wash basin, frosted double glazed window to rear.

First Floor Landing - Doors to three bedrooms and shower room.

Bedroom One - 4.18 x 3.00 (13'8" x 9'10") - UPVC Double glazed window to front, radiator.

Bedroom Two - 3.38 x 3.34 (11'1" x 10'11") - UPVC Double glazed window to front, radiator.

Bedroom Three - 2.50 x 2.46 (8'2" x 8'0") - UPVC Double glazed window to rear, radiator.

Shower Room - Walk in shower, hand wash basin, radiator, frosted UPVC double glazed window to rear, low level WC.

Outside Front - Off road parking space.

Outside Rear - Garden, patio area, shed, rockery, enclosed by timber fencing.

Tenure - Freehold

Local Authority - Norwich City Council - Tax Band B

Utilities - Ultra fast broadband available.
Mains water, gas and electric.

Agent Details

Gilson Bailey, Norwich

01603 361812

Next Steps?

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