4 Bed Detached House, Single Let, Norwich, NR4 7LH, £500,000

24 Round House Way, Cringleford, NR4 7LH - a month ago

Leasehold
BTL
148 m²
+28 photos

ValuationUndervalued

Sold Prices£295K - £885K
Sold Prices/m²£2.5K/m² - £7.6K/m²

 

 

Square Metres

147.66 m²
Price/m²£3.4K/m²

Value Estimate

£540,473
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£38,700

Total Cash In

£163,700

 

 

Cash Out

 

Rent Range

£800 - £2,595

Rent Estimate

£1,162

Running Costs/mo

£1,815

Cashflow/mo

£-653

Cashflow/yr

£-7,835

Gross Yield

3%

Local Sold Prices

33 sold prices from £295K to £885K, average is £535K. £2.5K/m² to £7.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£403K11/200.06 mi8, Raven Croft, Cringleford, Norwich, Norfolk NR4 7NA4
£535K06/230.13 mi29, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB4
£325K08/210.13 mi21, Peregrine Mews, Cringleford, Norwich, Norfolk NR4 7NB4
£407K01/210.14 mi2, The Pines, Cringleford, Norwich, Norfolk NR4 7LT4
£312K03/210.18 mi12, Dunlin Drive, Cringleford, Norwich, Norfolk NR4 7PX4
£422K03/210.24 mi6, Daffodil Close, Cringleford, Norwich, Norfolk NR4 7SN4
£340K12/220.26 mi44, Verbena Road, Cringleford, Norwich, Norfolk NR4 7ST4
£440K12/220.27 mi21, Viola Close, Cringleford, Norwich, Norfolk NR4 7JL4
£405K08/240.33 mi32, Almond Drive, Cringleford, Norwich, Norfolk NR4 7SJ4
£625K12/200.34 mi23a, Cantley Lane, Norwich, Norfolk NR4 6TA4
£625K08/230.34 mi21a, Cantley Lane, Norwich, Norfolk NR4 6TA4
£650K01/210.36 mi58, Brettingham Avenue, Norwich, Norfolk NR4 6XJ4
£495K02/230.39 mi1, Langley Close, Norwich, Norfolk NR4 6XW4
£575K08/230.39 mi21, Newfound Drive, Norwich, Norfolk NR4 7RY4
£750K03/240.39 mi16, Newfound Drive, Norwich, Norfolk NR4 7RY4
£500K08/210.41 mi18, Taylor Avenue, Norwich, Norfolk NR4 6XY4
£877K08/210.42 mi3, St Lawrence Drive, Norwich, Norfolk NR4 7RZ4
£635K04/230.45 mi9, Keswick Road, Cringleford, Norwich, Norfolk NR4 6UH4
£515K02/230.46 mi8, Patteson Close, Norwich, Norfolk NR4 6XX4
£740K03/210.47 mi64a, Colney Lane, Cringleford, Norwich, Norfolk NR4 7RF4
£645K12/220.5 mi13, The Ridings, Cringleford, Norwich, Norfolk NR4 6UJ4
£510K08/230.53 mi18, Armitage Close, Norwich, Norfolk NR4 6XZ4
£375K02/210.55 mi13, Churchfield, Norwich, Norfolk NR4 6UP4
£558K12/200.57 mi10, Meadway, Norwich, Norfolk NR4 6XS4
£590K11/200.71 mi42, Keswick Road, Cringleford, Norwich, Norfolk NR4 6UQ4
£675K03/210.87 mi40, Bluebell Road, Norwich, Norfolk NR4 7LG4
£680K03/210.87 mi52, Bluebell Road, Norwich, Norfolk NR4 7LG4
£576.5K06/210.87 mi34, Bluebell Road, Norwich, Norfolk NR4 7LG4
£295K08/230.92 mi7, Norvic Drive, Norwich, Norfolk NR4 7NL4
£475K10/200.93 miThe Barn, Cantley Lane, Norwich, Norfolk NR4 6TF4
£885K12/200.93 mi43, Church Lane, Eaton, Norwich, Norfolk NR4 6NW4
£415K06/230.98 mi11, Leng Crescent, Norwich, Norfolk NR4 7NX4
£570K12/200.98 mi5, Poplar Avenue, Norwich, Norfolk NR4 7LB4

Local Rents

51 rents from £800/mo to £2.6K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,82004/250.07 mi-4
£1,35012/240.09 miCringleford3
£1,80012/240.1 mi-4
£2,00012/240.1 mi-4
£1,85012/240.13 miPoppy Close, Cringleford5
£1,30006/240.13 miPeregrine Mews, NR4 7NB3
£1,35006/240.13 miPeregrine Mews, Cringleford3
£2,00006/240.14 miNightingale Drive, Round House Park5
£1,70006/240.14 miFern Drive, Cringleford5
£1,29506/240.15 miDragonfly Lane, Cringleford, Norwich, NR43
£1,40006/240.15 miWoodpecker Lane, Cringleford, Norwich3
£1,40012/240.18 mi-3
£1,50002/250.19 mi-3
£1,50006/240.19 miRose Drive, Norwich, NR43
£1,50006/240.19 mi-3
£1,50006/240.19 mi-3
£1,10006/240.2 miLobelia Lane, Cringleford3
£1,90012/240.2 miLobelia Lane, Norwich6
£1,55006/240.21 miRose Drive, Cringleford, NORWICH3
£1,55006/240.21 miRose Drive, Norwich, Norfolk, NR43
£1,35006/240.24 miWillowcroft Way, Norwich3
£1,55012/240.24 miWillowcroft Way, Cringleford, Norwich4
£1,19902/250.24 mi-3
£1,40012/240.27 miDragonfly Lane, Cringleford3
£1,75006/240.27 miViola Close, Cringleford5
£1,55006/240.27 miWillowcroft Way, Cringleford, Norwich4
£1,50012/240.29 miWillowcroft Way, Cringleford3
£1,40012/240.29 mi-3
£1,50012/240.29 miAlmond Drive, Cringleford4
£2,59506/240.3 mi-3
£2,59505/240.3 mi-3
£2,59512/240.3 mi-3
£1,97503/250.3 mi-3
£1,97504/250.3 mi-3
£1,65006/240.33 miAlmond Drive, Cringleford, Norwich, NR44
£1,40006/240.34 miFreesia Way, Cringleford, NORWICH3
£1,95004/250.34 mi-4
£1,85006/240.36 miFreesia Way, Cringleford, Norwich5
£1,70012/240.36 miBrettingham Avenue, Norwich3
£1,99512/240.39 miCringleford, Norwich3
£1,50012/240.45 mi-3
£1,55004/250.45 mi-3
£2,19912/240.46 miLamb Lane, Norwich, NR44
£1,99912/240.46 mi-4
£1,90012/240.47 miKedleston Drive, Cringleford, Norwich, Norfolk4
£80002/240.48 mi-3
£1,30006/240.51 miSidell Close, Cringleford, Norwich, Norfolk, NR43
£1,45012/240.57 miScott-Moncrief Street, Cringleford3
£1,45012/240.57 miHaldane Drive, NR4 7FY3
£1,45006/240.61 mi-3
£1,45006/240.61 miHaldane Drive, Norwich, NR43

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

3.51 miles away

Nearest school

0.20 miles away

Nearest train station

3.54 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £500,000

March 19, 2025

Floor Plans

Description

  • Four-bedroom detached home with air conditioning in two bedrooms +
  • Modern and beautifully presented throughout +
  • Solar panels generating extra income +
  • A generous, private and enclosed rear garden +
  • Spacious driveway and double garage providing ample off-road parking +
  • Close to Norwich Hospital and the University of East Anglia +
  • Fantastic location with brilliant schools and high Ofsted ratings +
  • Safe neighbourhood with friendly neighbours +
  • Within walking distance to shops +
  • Convenient bus routes +

Presenting this modern four-bedroom detached house, offering an exceptional living experience. From the spacious lounge and dining room to the dedicated study, every room is designed with comfort in mind. The master bedroom benefits from an en-suite bathroom, while two are equipped with air conditioning. Outside, the extensive rear garden features a hot tub, perfect for relaxing, and the property also boasts a double garage with ample parking for four vehicles on the driveway. With solar panels, Google’s Nest Aware, and a Nest thermostat, this home is set in a safe, friendly neighbourhood, offering convenience with modern living. Location Round House Way, located in Cringleford, offers a peaceful and well-connected setting. The area is surrounded by leafy streets, providing a quiet countryside feel while just a short drive from Norwich city centre. With excellent local amenities, including shops, schools, parks, and the nearby Norfolk and Norwich University Hospital, Cringleford is a popular choice for both families and professionals. The University of East Anglia is also within easy reach, making it an ideal location for students and staff. The area benefits from easy access to major roads, making commuting into the city or further afield convenient. Round House Way, Cringleford

Upon entering the property, you are greeted by a spacious entrance hall that leads to the bright and spacious lounge, where French doors open to the private and enclosed rear garden. The dining room provides an ideal space for hosting gatherings and entertaining guests, while the study room offers a quiet space for work or study.

The kitchen/breakfast room is a standout feature of the property. It features modern fitted units, roll-top work surfaces, and tiled flooring. French doors to the side open out to the garden, creating a light and airy atmosphere. The utility room offers convenient additional storage and access to the outside space. A conveniently located ground-floor WC features a modern white suite with tiled splashbacks, ensuring practicality and ease of living. Upstairs, a galleried landing with loft access and an airing cupboard leads to four double bedrooms, all well-proportioned and offering ample space to unwind. The master bedroom includes two built-in wardrobes and an en-suite bathroom with a shower and modern fixtures. There's also additional space that could be used as a dressing area. Two bedrooms are equipped with air conditioning for comfort during warmer months. The family bathroom completes the upper floor. It includes a modern white suite, part-tiled walls, a bath with an overhead shower attachment, and a glass shower screen.

Outside, the property features an extensive rear garden, mainly laid to lawn, with the added benefit of a hot tub. A side access gate leads to the front, which is made up of lawned areas and shrubs. To the side, a double garage and driveway provide parking for four vehicles. Additionally, the property benefits from double glazing throughout and solar panels that generate income through energy savings. Agents notes We understand that the property will be sold freehold, connected to mains services water, electricity, gas and draiange. Heating system-Gas Central Heating Tax Council Band- F

EPC Rating: B 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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