2 Bed Terraced House, Refurb/BRRR, Norwich, NR2 3LD, £200,000

Warwick Street, Norwich, NR2 3LD - 1 views - 7 days ago

Refurb/BRRR
ROI: 2%
~68 m²

ValuationFair Value

Sold Prices£207.5K - £370.3K
Sold Prices/m²£2K/m² - £4.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£202,000

 

 

End Value (After Refurb)

£252,850

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Refurb Costs

£30,800

Bridging Loan Interest

£5,250

Total Cash In

£99,000

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£252,850

Mortgage (After Refinance)

£189,638

Mortgage LTV

75%

Cash Released

£39,638

Cash Left In

£59,362

Equity

£63,213

Rent Range

£695 - £2,900

Rent Estimate

£1,207

Running Costs/mo

£1,052

Cashflow/mo

£155

Cashflow/yr

£1,865

ROI

2%

Gross Yield

7%

Local Sold Prices

50 sold prices from £207.5K to £370.3K, average is £270.5K. £2K/m² to £4.7K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£272.5K08/230.04 mi19, Dover Street, Norwich, Norfolk NR2 3LG2
£275K09/220.05 mi48, Rose Valley, Norwich, Norfolk NR2 2PX2
£270K10/210.05 mi16, Dover Street, Norwich, Norfolk NR2 3LQ2
£230K04/230.05 mi32, Dover Street, Norwich, Norfolk NR2 3LQ2
£240K02/210.05 mi38, Dover Street, Norwich, Norfolk NR2 3LQ2
£264.5K01/240.05 mi28, Dover Street, Norwich, Norfolk NR2 3LQ2
£287K12/220.07 mi53, Portland Street, Norwich, Norfolk NR2 3LE2
£276.5K09/220.08 mi6, Dover Street, Norwich, Norfolk NR2 3LQ2
£280K08/230.11 mi15, Lincoln Street, Norwich, Norfolk NR2 3JY2
£250K03/210.11 mi165, Unthank Road, Norwich, Norfolk NR2 2PG2
£250K03/210.11 mi165, Unthank Road, Norwich, Norfolk NR2 2PG2
£264K04/230.15 mi67, Gloucester Street, Norwich, Norfolk NR2 2DX2
£295K09/230.15 mi27, Gloucester Street, Norwich, Norfolk NR2 2DX2
£278K11/230.15 mi25, Gloucester Street, Norwich, Norfolk NR2 2DX2
£275K02/240.16 mi102, Lincoln Street, Norwich, Norfolk NR2 3LB2
£318K12/200.16 mi48, Cambridge Street, Norwich, Norfolk NR2 2BB2
£318K12/200.16 mi48, Cambridge Street, Norwich, Norfolk NR2 2BB2
£232K11/230.16 mi20, Rutland Street, Norwich, Norfolk NR2 2AZ2
£210K05/210.16 mi22, Rutland Street, Norwich, Norfolk NR2 2AZ2
£275K03/210.16 mi35, Avenue Road, Norwich, Norfolk NR2 3HW2
£350K03/230.17 mi48, Cambridge Street, Norwich, Norfolk NR2 2BB2
£282K09/230.17 mi71, Cambridge Street, Norwich, Norfolk NR2 2BA2
£290K11/230.18 mi109, Onley Street, Norwich, Norfolk NR2 2EA2
£265.4K09/230.18 mi61, Pembroke Road, Norwich, Norfolk NR2 3HD2
£275K09/210.18 mi36, Bury Street, Norwich, Norfolk NR2 2DN2
£260K12/200.18 mi38, Bury Street, Norwich, Norfolk NR2 2DN2
£367.5K04/230.2 mi32, Cardiff Road, Norwich, Norfolk NR2 3HS2
£308K08/210.21 mi24, Glebe Road, Norwich, Norfolk NR2 3JG2
£331K08/230.21 mi24, Glebe Road, Norwich, Norfolk NR2 3JG2
£230K06/230.22 mi23, Swansea Road, Norwich, Norfolk NR2 3HU2
£260K06/210.22 mi84, Glebe Road, Norwich, Norfolk NR2 3JQ2
£245K03/210.23 mi131, Bury Street, Norwich, Norfolk NR2 2DL2
£292K08/230.23 mi150, Rupert Street, Norwich, Norfolk NR2 2AX2
£271K01/210.23 mi155, Rupert Street, Norwich, Norfolk NR2 2AX2
£216K04/240.23 mi74, Gloucester Street, Norwich, Norfolk NR2 2DY2
£270K11/200.24 mi14, Spelman Road, Norwich, Norfolk NR2 3NJ2
£232.5K11/200.26 mi65, Caernarvon Road, Norwich, Norfolk NR2 3HY2
£227K12/200.26 mi20, Denbigh Road, Norwich, Norfolk NR2 3AA2
£207.5K01/240.26 mi15, Denbigh Road, Norwich, Norfolk NR2 3AA2
£223K04/210.28 mi96, York Street, Norwich, Norfolk NR2 2AP2
£230K04/210.28 mi110, York Street, Norwich, Norfolk NR2 2AP2
£255K07/210.28 mi24, Henley Road, Norwich, Norfolk NR2 3NL2
£300K08/230.28 mi43, Henley Road, Norwich, Norfolk NR2 3NL2
£265K06/210.28 mi23, Denbigh Road, Norwich, Norfolk NR2 3HH2
£275K06/210.29 mi80, Caernarvon Road, Norwich, Norfolk NR2 3HX2
£350K06/210.3 mi80, Cambridge Street, Norwich, Norfolk NR2 2BE2
£309K03/210.3 mi151, Newmarket Street, Norwich, Norfolk NR2 2DS2
£370.3K01/240.3 mi22, Ampthill Street, Norwich, Norfolk NR2 2RG2
£213K06/210.3 mi103, Newmarket Street, Norwich, Norfolk NR2 2DP2
£240.5K12/200.3 mi109, Cambridge Street, Norwich, Norfolk NR2 2BD2

Local Rents

50 rents from £695/mo to £2.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£99507/240.04 miDover Street, Norwich, Norfolk, NR22
£99507/240.07 miRose Valley, Off Unthank Road, Norwich2
£1,20006/240.08 miUnthank Road, NORWICH2
£1,29502/250.09 mi-2
£1,14502/250.09 mi-2
£1,45005/240.09 mi-2
£1,50012/240.09 mi-2
£1,64703/250.1 mi-2
£1,20002/250.11 mi-2
£1,60002/250.11 mi-2
£95006/240.13 miNorwich2
£2,90010/240.14 mi-2
£1,15007/240.15 miBury Street, NORWICH2
£1,09502/250.15 mi-2
£1,09506/240.16 miLincoln Street, Norwich, Norfolk, NR22
£69506/240.16 miCambridge Court, Cambridge Street, Norwich, NR22
£1,20009/240.17 miTrinity Court, Norwich, NR22
£1,30003/240.17 miCollege Road, Norwich, NR22
£1,25006/240.18 miOnley Street, Norwich2
£1,20006/240.18 miPembroke Road, NORWICH2
£1,10006/240.18 miBury Street, NORWICH2
£95006/240.18 miBury Street, Norwich, NR22
£1,40006/240.18 miUnthank Road, NORWICH2
£1,20003/240.19 miBury Street, Norwich, NR2 2DN2
£1,10009/240.19 mi-2
£1,10007/240.19 miGlebe Road, Norwich, NR22
£1,10008/240.19 miGlebe Road, Norwich, NR22
£1,19511/240.21 mi-2
£1,25006/240.21 mi-2
£1,14002/250.22 mi-2
£1,15007/240.22 miUnthank Road, NR2 2PB2
£1,25006/240.23 miSwansea Road, Norwich, NR22
£1,10006/240.23 miBury Street, Norwich2
£90002/250.23 mi-2
£1,25006/240.25 mi-2
£1,15001/250.25 mi-2
£1,05006/240.26 miCaernarvon Road, Norwich2
£97507/240.26 miSomerleyton Gardens, Norwich, NR22
£1,32507/240.27 miDenbigh Road, Norwich, Norfolk, NR22
£1,20008/240.27 miLeicester Street, Norwich, NR22
£1,09506/240.27 miNeville Street, Norwich, NR2 2PR2
£95007/240.27 mi-2
£95007/240.27 miDenbigh House, Norwich, NR22
£1,42503/250.28 mi-2
£1,20006/240.28 miLeicester Street, Norwich, NR22
£1,30012/240.29 mi-2
£1,10006/240.3 miNewmarket Street, Norwich2
£1,29501/250.3 mi-2
£1,35001/250.3 mi-2
£95007/240.3 miNewmarket Street, Norwich, NR22

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

1.27 miles away

Nearest school

0.20 miles away

Nearest train station

1.32 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £200,000

March 27, 2025

Description

  • TOTAL REFURB REQUIRED +
  • CALLING ALL INVESTORS +
  • GOLDEN TRIANGLE +
  • TWO BEDROOMS +
  • UPSTAIRS BATHROOM +
  • GREAT POTENTIAL +

Offer in Excess £200,000. Calling all Homes Under the Hammer enthusiasts and property investors. This two Bedroom terrace house in the centre of the GOLDEN TRIANGLE is in need of total refurb and has great potential. Property consists, lounge, dining room and kitchen on the ground floor. Upstairs, there are two double bedrooms and bathroom. There is gas to the property but no central heating.

There is a garden to rear. Permit on street parking and the property is currently council tax band B EPC is on order. PLEASE NOTE: Northwood confirm that these particulars are believed to be accurate but they are a brief summary issued for general guidance only and are not comprehensive. These particulars and any text, measurements, dimensions or indicative plans made available are for general information only and do not form part of any offer or contract. Prospective purchases should not rely on these particulars and must satisfy themselves on all aspects by inspection or otherwise. Northwood, their employees and representatives are not authorised to make or give any representations, assurances or warranties for the property, whether within these particulars or otherwise, and no liability is accepted to the purchaser in this respect. Tenure: Freehold,

Agent Details

Northwood, Ipswich

01473 299070

Next Steps?

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