3 Bed Bungalow, Single Let, Norwich, NR15 2TZ, £227,500

Glebe Close, NR15 2TZ - a year ago

BTL
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£105K - £365K
Sold Prices/m²£1.6K/m² - £3.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£262,024
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,875

Stamp Duty & Legal Fees

£14,625

Total Cash In

£71,500

 

 

Cash Out

 

Rent Range

£675 - £2,000

Rent Estimate

£688

Running Costs/mo

£869

Cashflow/mo

£-181

Cashflow/yr

£-2,166

Gross Yield

4%

Local Sold Prices

50 sold prices from £105K to £365K, average is £227.5K. £1.6K/m² to £3.8K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£248K10/220 mi20, Glebe Close, Long Stratton, Norwich, Norfolk NR15 2TZ3
£187K04/210 mi2, Glebe Close, Long Stratton, Norwich, Norfolk NR15 2TZ3
£230K02/210 mi11, Glebe Close, Long Stratton, Norwich, Norfolk NR15 2TZ3
£275K02/230.08 mi32, St Marys Road, Long Stratton, Norwich, Norfolk NR15 2TT3
£225K09/230.08 mi33, Rectory Close, Long Stratton, Norwich, Norfolk NR15 2TU3
£190K11/200.08 mi31, Rectory Close, Long Stratton, Norwich, Norfolk NR15 2TU3
£235K04/210.08 mi29, Rectory Close, Long Stratton, Norwich, Norfolk NR15 2TU3
£218K05/230.08 mi31, Rectory Close, Long Stratton, Norwich, Norfolk NR15 2TU3
£210K03/210.15 mi38, Chapel Avenue, Long Stratton, Norwich, Norfolk NR15 2TE3
£217K03/210.15 mi22, Chapel Avenue, Long Stratton, Norwich, Norfolk NR15 2TE3
£225K05/230.15 mi3, Welholmes Close, Long Stratton, Norwich, Norfolk NR15 2XZ3
£250K11/200.16 mi10, Manor Park Gardens, Long Stratton, Norwich, Norfolk NR15 2TR3
£320K06/210.16 mi11, Manor Park Gardens, Long Stratton, Norwich, Norfolk NR15 2TR3
£240K08/210.16 mi16, Chapel Avenue, Long Stratton, Norwich, Norfolk NR15 2TE3
£222.8K09/210.16 mi10, Whitehouse Drive, Long Stratton, Norwich, Norfolk NR15 2TD3
£295K11/220.18 mi14, Flowerpot Lane, Long Stratton, Norwich, Norfolk NR15 2SZ3
£160K07/210.18 miThe White House, Ipswich Road, Long Stratton, Norwich, Norfolk NR15 2TA3
£300K08/230.18 miSt. Faith, Ipswich Road, Long Stratton, Norwich, Norfolk NR15 2TA3
£250K05/230.19 mi21, Sturmy Close, Long Stratton, Norwich, Norfolk NR15 2XU3
£330K05/230.2 mi15, Ice House Court, Long Stratton, Norwich, Norfolk NR15 2TQ3
£190K05/210.2 mi87, Manor Road, Long Stratton, Norwich, Norfolk NR15 2XS3
£280K09/230.21 mi18, John Hill Close, Long Stratton, Norwich, Norfolk NR15 2PT3
£190K06/210.21 mi33, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£250K07/210.21 mi37, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£202.5K06/210.21 mi17, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£186K06/210.21 mi23, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£186K06/210.21 mi23, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£202.5K06/210.21 mi17, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£195K08/210.21 mi3, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£295K01/230.21 mi40, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£177.5K12/220.21 mi19, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£225K08/230.21 mi23, Porter Road, Long Stratton, Norwich, Norfolk NR15 2TY3
£295K11/200.24 mi4, Hotson Close, Long Stratton, Norwich, Norfolk NR15 2PS3
£255K05/230.24 mi10, Lime Tree Avenue, Long Stratton, Norwich, Norfolk NR15 2TL3
£260.1K12/220.24 mi55, Francis Road, Long Stratton, Norwich, Norfolk NR15 2XT3
£315K11/220.24 mi24, Francis Road, Long Stratton, Norwich, Norfolk NR15 2XT3
£330K03/210.25 mi17, Bayspole Road, Long Stratton, Norwich, Norfolk NR15 2PW3
£262K02/210.26 mi10, Patrick Road, Long Stratton, Norwich, Norfolk NR15 2PR3
£245K12/200.26 mi18, Patrick Road, Long Stratton, Norwich, Norfolk NR15 2PR3
£275K12/200.27 mi1, Welford Court, Long Stratton, Norwich, Norfolk NR15 2XL3
£365K09/230.28 miLinden View, Ipswich Road, Long Stratton, Norwich, Norfolk NR15 2TF3
£210K08/230.28 mi24, Suffield Close, Long Stratton, Norwich, Norfolk NR15 2JL3
£105K06/210.28 mi32, Suffield Close, Long Stratton, Norwich, Norfolk NR15 2JL3
£112.5K07/230.28 mi30, Suffield Close, Long Stratton, Norwich, Norfolk NR15 2JL3
£198K10/220.32 mi2, The Street, Long Stratton, Norwich, Norfolk NR15 2XJ3
£230K12/200.39 mi4, Chequers Close, Tharston, Norwich, Norfolk NR15 2YX3
£290K02/230.39 mi17, Swan Lane, Long Stratton, Norwich, Norfolk NR15 2XN3
£225K11/230.39 mi2, Swan Lane, Long Stratton, Norwich, Norfolk NR15 2XN3
£210K03/230.43 mi17, St Davids Close, Long Stratton, Norwich, Norfolk NR15 2PP3
£210K10/230.43 mi15, St Davids Close, Long Stratton, Norwich, Norfolk NR15 2PP3

Local Rents

20 rents from £675/mo to £2K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£89507/240.16 miManor Park Gardens, Long Stratton, NR152
£67503/240.2 miThe Street, NR151
£97510/230.33 mi-3
£1,15007/240.41 miJermyn Way, Tharston3
£72503/240.42 miThe Street, NR151
£1,25006/240.43 miJermyn Way3
£86507/240.44 mi-2
£86507/240.44 miThe Street, Long Stratton, Norwich, NR152
£70008/240.48 miThe Street, NR152
£89508/240.5 miSt. Michaels Road, NR152
£80008/240.5 miSt Michaels Road, Long Stratton, NR152
£69512/240.53 mi-1
£85001/250.59 mi-2
£97506/240.63 miNorwich Road, NR153
£1,65006/240.63 miHolmes Close4
£1,65008/240.63 miHolmes Close4
£1,55008/240.65 miChurchfields Road4
£69506/240.65 miChurchfields Road,Long Stratton,NR151
£2,00006/240.93 miWood Green, NR155
£1,50006/241.8 miShelton Spot, Shelton, Norwich, Norfolk, NR154

Local Area Statistics

Population in NR15

15,806

Population in Norwich

366,887

Town centre distance

11.08 miles away

Nearest school

0.30 miles away

Nearest train station

6.97 miles away

 

 

Rental growth (12m)

+4%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £227,500

January 18, 2024

Floor Plans

Description

  • 3 Bedrooms +
  • 17'10" x 15'6" (max) Sitting Room +
  • Kitchen +
  • Bathroom +
  • Upvc Double Glazed Windows, External Doors, Fascia Boards, Guttering and Down Pipes +
  • Matching Garage and Dedicated Parking in Court at Rear +
  • Popular and Convenient Location +
  • Council Tax Band B +

The accommodation comprises:-
A welcome light serves the Carolina style front door serving the

Entrance Hall
14'8" x 3'2" + 6'10" x 3'7" + 3'4" x 3'2"
With coat hooks on batten, roof access hatch, smoke alarm, built in airing cupboard with pre lagged cylinder immersion heater and slatted shelving, built in broom cupboard with shelving together with electrical fuses and meters and a built in cupboard formerly housing the original heating boiler. Doors serve from the entrance hall to the three bedrooms, the bathroom and the sitting room and a doorway serves the kitchen.

Sitting Room
17'10" x 15'6" (maximum) 12'3" (minimum)
With 2 ceiling light points, mock fire surround with display tops and niches constructed in reconstituted stone, a doorway serves off to the

Kitchen
11'5" x 7'5"
The kitchen is fitted in white, panelled units which provide worksurfaces, base and wall units, drawers and shelving. Incorporated into the fitments is a 1 1/2 bowl stainless steel sink unit with mixer tap, wall mounted HRM oil fired boiler supplying heating and domestic hot water, free standing cooker by Hotpoint and a free standing automatic dishwasher by Bosch.

Bedroom 1
12'2" x 9'4"

Bedroom 2
9'2" x 6'6"

Bedroom 3
9'3" x 8'3" (maximum) 4'9" (minimum)

Bathroom
6'10" x 5'7"
With white suite comprising, panelled bath, pedestal wash basin and low level close coupled WC, electric shaver point and tiled splashbacks and sill. Please note: the over bath shower unit is unserviceable.

Outside
The bungalow stands on a plot measuring approximately 36' x 90'. The open plan garden at the front is laid to grass whilst the enclosed rear garden is uncultivated. Situated in the rear garden are the oil storage tank together with the

Matching Brick Garage
16'4" x 11' (measured externally)
With metal up and over door, light power and personal door. The garage together with a parking space are accommodated in a garage court to the rear.

Agent Details

Martin Smith Partnership, Long Stratton

01508 505236

Next Steps?

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