3 Bed Terraced House, Single Let, Norwich, NR5 8XG, £200,000

Jex Road, Norwich, NR5 8XG - 1 views - 16 days ago

Leasehold
BTL
ROI: 2%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£123.1K - £295K
Sold Prices/m²£1.5K/m² - £3.7K/m²

 

 

Square Metres

~93 m²
Price/m²£2.2K/m²

Value Estimate

£233,169
BMV6%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£62,200

 

 

Cash Out

 

Rent Range

£950 - £2,500

Rent Estimate

£995

Running Costs/mo

£844

Cashflow/mo

£151

Cashflow/yr

£1,812

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £123.1K to £295K, average is £197.6K. £1.5K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£207K12/220.01 mi71, Jex Road, Norwich, Norfolk NR5 8XQ3
£173K11/200.02 mi162, Jex Road, Norwich, Norfolk NR5 8XQ3
£180K03/210.03 mi65, Jex Road, Norwich, Norfolk NR5 8XG3
£200K03/230.04 mi152, Jex Road, Norwich, Norfolk NR5 8XQ3
£202K06/210.06 mi14, Lusher Rise, Norwich, Norfolk NR6 5EA3
£144K06/230.06 mi44, Lusher Rise, Norwich, Norfolk NR6 5EA3
£207K12/200.09 mi65, Hellesdon Road, Norwich, Norfolk NR6 5EE3
£200K09/230.1 mi178, Jex Road, Norwich, Norfolk NR5 8XH3
£202K12/230.1 mi133, Jex Road, Norwich, Norfolk NR5 8XH3
£161.8K04/210.1 mi202, Jex Road, Norwich, Norfolk NR5 8XH3
£195K12/230.1 mi188, Jex Road, Norwich, Norfolk NR5 8XH3
£282.5K08/240.11 mi538, Dereham Road, Norwich, Norfolk NR5 8TU3
£180K11/200.11 mi528, Dereham Road, Norwich, Norfolk NR5 8TU3
£227.5K10/220.11 mi28, Jex Road, Norwich, Norfolk NR5 8XD3
£155K12/200.11 mi45, Jex Road, Norwich, Norfolk NR5 8XD3
£225K08/240.14 mi17, Hellesdon Close, Norwich, Norfolk NR6 5EF3
£197K04/210.14 mi1, Hellesdon Close, Norwich, Norfolk NR6 5EF3
£180K04/210.15 mi35, Jex Avenue, Norwich, Norfolk NR5 8XE3
£230K04/230.16 mi105, Hellesdon Road, Norwich, Norfolk NR6 5EG3
£225K12/220.16 mi87, Hellesdon Road, Norwich, Norfolk NR6 5EG3
£202K10/220.19 mi38, Marlpit Lane, Norwich, Norfolk NR5 8XP3
£221K02/240.23 mi31, Ranworth Road, Norwich, Norfolk NR5 8EB3
£192.5K04/210.23 mi37, Ranworth Road, Norwich, Norfolk NR5 8EB3
£172K06/210.24 mi83, Marlpit Lane, Norwich, Norfolk NR5 8XN3
£225K05/210.25 mi83, Whistlefish Court, Norwich, Norfolk NR5 8QR3
£170K06/210.27 mi49, Bates Green, Norwich, Norfolk NR5 8YW3
£240K06/230.29 mi25, Larkman Lane, Norwich, Norfolk NR5 8TZ3
£198.3K10/220.3 mi84, Motum Road, Norwich, Norfolk NR5 8EQ3
£238K11/200.31 mi408, Dereham Road, Norwich, Norfolk NR5 8QG3
£265K12/220.31 mi406, Dereham Road, Norwich, Norfolk NR5 8QG3
£185K02/240.32 mi21, Jamieson Place, Norwich, Norfolk NR5 8YZ3
£185K04/240.32 mi41, Jamieson Place, Norwich, Norfolk NR5 8YZ3
£245K10/220.32 mi2, Beecheno Road, Norwich, Norfolk NR5 8TJ3
£170K02/210.33 mi3, Horning Close, Norwich, Norfolk NR5 8DN3
£180K01/210.35 mi127, Ranworth Road, Norwich, Norfolk NR5 8DY3
£123.1K11/200.35 mi130, Knowland Grove, Norwich, Norfolk NR5 8YA3
£158.5K12/200.35 mi124, Knowland Grove, Norwich, Norfolk NR5 8YA3
£180K01/210.37 mi127, Ranworth Road, Norwich, Norfolk NR5 8DY3
£188K11/220.37 mi19, Randle Green, Norwich, Norfolk NR5 8YL3
£162.5K06/210.37 mi32, Stevenson Road, Norwich, Norfolk NR5 8TT3
£270K11/230.37 mi39, Larkman Lane, Norwich, Norfolk NR5 8TY3
£230K01/240.37 mi42, Larkman Lane, Norwich, Norfolk NR5 8TY3
£150K03/210.37 mi3, Randle Green, Norwich, Norfolk NR5 8YL3
£192.5K06/210.37 mi92, Beverley Road, Norwich, Norfolk NR5 8DL3
£295K03/240.39 mi580, Dereham Road, Norwich, Norfolk NR5 8TE3
£270K12/230.39 mi2, Tollhouse Road, Norwich, Norfolk NR5 8QF3
£220K07/230.39 mi4, Tollhouse Road, Norwich, Norfolk NR5 8QF3
£180K03/230.39 mi34, Jamieson Place, Norwich, Norfolk NR5 8YY3
£200K03/240.39 mi18, Jamieson Place, Norwich, Norfolk NR5 8YY3
£184K02/210.4 mi11, Winsford Way, Norwich, Norfolk NR5 0DH3

Local Rents

28 rents from £950/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,19502/250.07 mi-3
£2,50006/240.21 miHellesdon Road, Norwich, Norfolk, NR63
£1,15012/240.27 miCadge Close, Norwich3
£1,50012/240.29 mi-3
£1,35012/240.3 mi-3
£1,40001/250.3 mi-3
£1,28002/250.3 mi-3
£1,50012/240.3 miMotum Road, Norwich3
£1,30012/240.35 miKnowland Grove, NORWICH3
£1,27506/240.37 miBeverley Road, Norwich, NR53
£1,15012/240.38 mi-3
£1,45006/240.39 miDereham Road, Norwich, NR53
£99502/240.41 mi-3
£1,50006/240.44 miFoxley Road, Norwich3
£1,50006/240.45 miBixley Close, Norwich, Norfolk, NR53
£1,30012/240.48 miNorwich Road, Norwich3
£1,05006/240.48 miGilbard Road, Norwich3
£1,27512/240.49 miGilbard Road, NR5 8TR3
£95006/240.52 miBeecheno Road, NORWICH3
£1,10006/240.52 miNorwich, NR53
£1,40001/250.52 mi-3
£1,30012/240.56 mi-3
£1,30012/240.56 mi-3
£1,29006/240.57 mi-3
£1,38012/240.57 mi-3
£1,10012/240.6 mi-3
£1,32506/240.6 miOlive Road, Norwich3
£1,20007/240.61 miWheatley Road, Norwich, NR23

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

1.90 miles away

Nearest school

0.20 miles away

Nearest train station

2.67 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Price changed to £200,000

March 28, 2025

Listed for £220,000

March 20, 2025

Floor Plans

Description

  • Mid-terrace residence in the vibrant city of Norwich +
  • Perfect first time home or investment purchase, with easy access to the University Of East Anglia and Norfolk And Norwich Hospital +
  • Spacious sitting room accentuated by a large bay window and a feature fireplace +
  • Kitchen fitted with wall and base units, under-counter areas for your appliances and plenty of storage space +
  • Light-filled conservatory offering garden views +
  • Three bedrooms and a ground floor family bathroom +
  • Split-level garden that is fully enclosed for privacy and seclusion +
  • Gated off-road parking at the front of the residence +
  • Close to local shops, healthcare facilities, transport, schools and the city centre +

Presenting this three-bedroom terraced house that offers a fantastic opportunity to secure a comfortable and convenient residence in the vibrant city of Norwich. Whether you are a first-time buyer looking to step onto the property ladder or an investor searching for a lucrative opportunity. This property ticks all the boxes, combining practicality with modern comfort for a truly enjoyable living experience. Don’t miss the chance to acquire this home and make it your own. Location Norwich NR5 is a postcode area located in the western part of Norwich, a historic city in Norfolk. The area includes a mix of residential neighbourhoods, local shops, and green spaces. It is home to several key amenities, such as schools, medical centres, and parks, making it a convenient location for families and individuals. The neighbourhood is well-connected to the city centre, with easy access to public transport, including bus routes. NR5 is also known for its proximity to the University of East Anglia and Norfolk and Norwich Hospital, making it a popular area for students, NHS and university staff. Jex Road

Upon entering this home, you are welcomed into a spacious sitting room that is further enhanced by a large bay window that floods the room in natural light. The focal point of the room is a feature fireplace, adding a touch of cosiness to the space. The kitchen is fitted with wall and bas units, under-counter areas for appliances and plenty of storage space, offering a functional layout for effortless meal preparation. A light-filled conservatory provides views of the garden, allowing you to enjoy the outdoors within the comfort of your home.

The property is thoughtfully designed to accommodate modern living with three well-proportioned bedrooms and a ground floor family bathroom, encouraging comfortable and convenient living for all occupants.

Towards the rear is a maintained split-level garden for your outdoor activities and enjoyment. Consisting of a decked terrace for your outdoor seating arrangements, leading down to a patio area and an enclosed laid to lawn that can be used as a vegetable patch. At the bottom of the garden is a large timber shed for storing your garden equipment and tools. At the front of the residence is a gated driveway providing off-road parking. Agents Notes We understand that this property is freehold. Connected to mains water, electricity, gas and drainage. Heating system - Gas central heating. Council Tax Band: A

EPC Rating: C 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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