3 Bed Terraced House, Refurb/BRRR, Norwich, NR2 3HR, £240,000

Cardiff Road, Norwich, NR2 3HR - 9 days ago

Refurb/BRRR
~93 m²
+4 photos

ValuationFair Value

Sold Prices£100K - £720K
Sold Prices/m²£1.8K/m² - £6.9K/m²

 

 

Square Metres

~93 m²
Price/m²£2.6K/m²

Value Estimate

£242,400

 

 

End Value (After Refurb)

£338,917

Uplift in Value

+41%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Refurb Costs

£42,055

Bridging Loan Interest

£6,300

Total Cash In

£123,305

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£338,917

Agent Fees (1%)

£3,389

Bridging Loan

£180,000

Bridging Loan Interest

£6,300

Flip Profit

£32,223

Local Sold Prices

50 sold prices from £100K to £720K, average is £358.5K. £1.8K/m² to £6.9K/m², average is £3.8K/m².

PriceDateDistanceAddressBeds 
£385K08/230 mi37, Cardiff Road, Norwich, Norfolk NR2 3HR3
£282K06/230.03 mi20, Swansea Road, Norwich, Norfolk NR2 3HU3
£310K03/240.07 mi94, Caernarvon Road, Norwich, Norfolk NR2 3HY3
£100K02/210.1 mi52, Park Lane, Norwich, Norfolk NR2 3EF3
£380K05/210.1 mi48, Whitehall Road, Norwich, Norfolk NR2 3EW3
£347K10/200.1 mi124, Whitehall Road, Norwich, Norfolk NR2 3EW3
£396.5K04/230.1 mi28, Whitehall Road, Norwich, Norfolk NR2 3EW3
£415K11/230.12 mi7, Havelock Road, Norwich, Norfolk NR2 3HQ3
£490K08/230.12 mi25, Havelock Road, Norwich, Norfolk NR2 3HQ3
£425K05/230.12 mi11, Havelock Road, Norwich, Norfolk NR2 3HQ3
£345K06/210.12 mi77, Whitehall Road, Norwich, Norfolk NR2 3EN3
£379K12/220.12 mi37, Whitehall Road, Norwich, Norfolk NR2 3EN3
£405K11/230.12 mi19, Whitehall Road, Norwich, Norfolk NR2 3EN3
£254.5K10/210.12 mi17, Wellington Road, Norwich, Norfolk NR2 3HT3
£270K12/230.12 mi30, Wellington Road, Norwich, Norfolk NR2 3HT3
£555K07/230.13 mi229, College Road, Norwich, Norfolk NR2 3JD3
£357K06/230.13 mi40, Havelock Road, Norwich, Norfolk NR2 3HG3
£437.6K09/210.13 mi16, Havelock Road, Norwich, Norfolk NR2 3HG3
£214K04/210.13 mi20, Caernarvon Road, Norwich, Norfolk NR2 3HX3
£536K08/230.14 mi88, Mill Hill Road, Norwich, Norfolk NR2 3DS3
£556.6K11/220.14 mi44, Portersfield Road, Norwich, Norfolk NR2 3JX3
£405K09/220.14 mi48, Portersfield Road, Norwich, Norfolk NR2 3JX3
£400K03/210.15 mi12, Portersfield Road, Norwich, Norfolk NR2 3JU3
£195K03/230.15 mi49, Portersfield Road, Norwich, Norfolk NR2 3JU3
£360K09/230.15 mi19, Portersfield Road, Norwich, Norfolk NR2 3JT3
£365K10/210.15 mi9, Portersfield Road, Norwich, Norfolk NR2 3JT3
£720K03/230.16 mi120, College Road, Norwich, Norfolk NR2 3JB3
£247K09/210.18 mi125, Lincoln Street, Norwich, Norfolk NR2 3JZ3
£222K03/240.19 mi107, Lincoln Street, Norwich, Norfolk NR2 3JZ3
£375K12/200.19 mi94, Lincoln Street, Norwich, Norfolk NR2 3LB3
£277.5K06/230.19 mi128, Lincoln Street, Norwich, Norfolk NR2 3LB3
£240K12/230.19 mi39, Rose Valley, Norwich, Norfolk NR2 2PX3
£480K12/210.19 mi35, Grosvenor Road, Norwich, Norfolk NR2 2PZ3
£272K11/210.21 mi29, Warwick Street, Norwich, Norfolk NR2 3LD3
£350K02/240.21 mi87, Warwick Street, Norwich, Norfolk NR2 3LD3
£265K01/230.22 mi89, Portland Street, Norwich, Norfolk NR2 3LE3
£264.3K01/230.22 mi55, Portland Street, Norwich, Norfolk NR2 3LE3
£275K01/210.22 mi121, College Road, Norwich, Norfolk NR2 3JP3
£300K08/210.23 mi32, Portland Street, Norwich, Norfolk NR2 3LF3
£374.5K02/210.23 mi118, Portland Street, Norwich, Norfolk NR2 3LF3
£460K12/200.24 mi16, Grosvenor Road, Norwich, Norfolk NR2 2PY3
£278K01/230.24 mi104, Edinburgh Road, Norwich, Norfolk NR2 3RL3
£405K03/210.26 mi30, Sandringham Road, Norwich, Norfolk NR2 3RZ3
£248K10/200.26 mi54, Sandringham Road, Norwich, Norfolk NR2 3RZ3
£373.1K09/230.26 mi73, Sandringham Road, Norwich, Norfolk NR2 3RZ3
£472.5K05/210.26 mi60, Clarendon Road, Norwich, Norfolk NR2 2PW3
£130K04/230.26 mi98, Edinburgh Road, Norwich, Norfolk NR2 3RL3
£475K02/210.27 mi109, Glebe Road, Norwich, Norfolk NR2 3JH3
£285K10/230.27 mi143, Glebe Road, Norwich, Norfolk NR2 3JH3
£270K02/210.28 mi96, Glebe Road, Norwich, Norfolk NR2 3JQ3

Local Rents

50 rents from £910/mo to £2K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15006/240.02 mi-3
£1,15006/240.02 miCardiff Road, Norwich, NR23
£1,26006/240.03 miSwansea Road, Norwich NR2 3HU3
£1,40003/250.04 mi-3
£1,20006/240.07 miDenbigh Road, Norwich, NR2 3HH3
£1,30006/240.07 miWellington Road, Norwich3
£1,30006/240.08 miWellington Road, Norwich, NR23
£1,07506/240.08 miCaernarvon Road, Norwich, NR2 3HY3
£1,20006/240.11 miAvenue Road, Norwich NR2 3HW3
£1,26006/240.11 miAvenue Road, Norwich NR2 3HN3
£1,30006/240.12 miWellington Road, NORWICH3
£1,85006/240.13 miThe Chapters, Park Lane, Norwich3
£1,35009/240.13 miCaernarvon Road, Norwich, NR23
£1,30009/240.14 miPortersfield Road, Norwich, NR23
£1,25007/240.15 miPortersfield Road, Norwich, NR23
£99002/240.15 mi-3
£99005/240.15 mi-3
£1,05008/240.15 mi-3
£1,70007/240.18 miPortland Street, Norwich3
£1,29507/240.19 miRose Valley, Off Unthank Road, Norwich3
£1,42506/240.19 miRose Valley, Norwich, NR23
£1,80006/240.19 miRose Valley, Norwich, NR23
£1,50003/250.21 mi-3
£1,05008/240.22 miSouth West City3
£1,20007/240.22 miDover Street, Norwich3
£1,20008/240.22 miDover Street, Norwich3
£1,70007/240.22 miPortland Street, Norwich, Norfolk, NR23
£1,65007/240.22 miPortland Street, NR2 3LE3
£1,60008/240.22 miCollege Road, Norwich3
£1,05006/240.22 miDover Street, Norwich, NR23
£1,45007/240.23 miPortland Street, Norwich, NR23
£1,11003/240.23 miPortland Street, Norwich NR2 3LF3
£1,40003/240.25 miNeville Street, Norwich, Norfolk, NR23
£91008/240.26 miLincoln Street, Norwich3
£1,26006/240.26 miDover Street, Norwich NR2 3LG3
£1,26006/240.26 miDover Street, Norwich NR2 3LQ, 3 Bed3
£99506/240.27 miGlebe Road, Norwich, NR23
£99506/240.27 miGlebe Road, Norwich, NR23
£2,00009/240.28 mi-3
£2,00008/240.28 miCambridge Street, Norwich, NR23
£1,49506/240.29 mi-3
£1,52006/240.3 miLincoln Street, Norwich NR2 3JY4
£1,37006/240.31 miConnaught Road, Norwich, NR23
£1,25006/240.31 miGladstone Street, Norwich, Norfolk, NR2 3BH3
£1,60007/240.32 miYork Street, Norwich, NR2 3
£1,14006/240.32 miGladstone Street, Norwich NR2 3BH3
£1,15006/240.33 miThe Shrublands, Norwich, Norfolk, NR23
£1,20006/240.33 miEssex Street, Norwich NR2 2BL3
£1,45006/240.33 miGolden Triangle, NR23
£1,60006/240.34 mi-3

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

1.16 miles away

Nearest school

0.10 miles away

Nearest train station

1.39 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £240,000

March 21, 2025

Floor Plans

Description

  • Offered with No Onward Chain +
  • Bay fronted Victorian mid terrace +
  • Two reception rooms +
  • Three bedrooms +
  • Ground floor bathroom +
  • Gas central heating +
  • In need of updating & modernisation +
  • Excellent First Time Purchase/Investment Property +
  • Prime GoldenTriangle location +

GUIDE PRICE £240,000 - £250,000. This bay fronted Victorian three bedroom mid terrace is situated in the heart of the highly sought after Golden Triangle. In need of some updating and modernisation, the property is offered with No Onward Chain, making it an excellent opportunity for First Time Buyers or Investors. The accommodation includes a bay fronted lounge, a dining room, a kitchen, and a ground floor bathroom. Upstairs, there are two double bedrooms off the landing, with a third bedroom leading off bedroom two. Outside, the property benefits from an enclosed front garden and a non bisected enclosed rear garden. Additional features include gas central heating. With its prime location and great potential, early viewing is highly recommended.

Location
Located on Cardiff Road, just South of Norwich City centre, this property sits in the heart of the highly sought after Golden Triangle a vibrant and desirable area popular with First Time Buyer and young professionals. You will find a fantastic selection of local pubs, restaurants, and cafes just a short stroll away, offering everything from cosy traditional pubs to trendy eateries. For families, the area is well served with schooling for all ages, while a local doctor`s surgery provides convenient healthcare access. Commuters will appreciate the easy access to the Ring Road, making travel in and out of the City straightforward. And when you want to enjoy everything Norwich City centre has to offer, it`s just a short walk away, giving you the best of both worlds village-style community living with the buzz of the City within easy reach.

Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.

Agent Details

Pymm & Co, Norwich

01603 361642

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪