2 Bed Terraced House, Single Let, Norwich, NR3 4PA, £240,000

Spencer Street, Norwich, Norfolk, NR3 4PA - 2 views - 2 months ago

Sold STC
BTL
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£163K - £305K
Sold Prices/m²£2.4K/m² - £4.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.5K/m²

Value Estimate

£203,839

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£8,400

Total Cash In

£68,400

 

 

Cash Out

 

Rent Range

£825 - £1,300

Rent Estimate

£893

Running Costs/mo

£949

Cashflow/mo

£-56

Cashflow/yr

£-667

Gross Yield

4%

Local Sold Prices

50 sold prices from £163K to £305K, average is £212.5K. £2.4K/m² to £4.1K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£189K02/210.01 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£216K03/230.01 mi7, Spencer Street, Norwich, Norfolk NR3 4PA2
£235K05/230.08 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£163K03/210.08 mi76, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£253K10/230.08 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£219K10/230.08 mi121, Marlborough Road, Norwich, Norfolk NR3 4PL2
£210K11/200.08 mi87, Marlborough Road, Norwich, Norfolk NR3 4PL2
£240K12/220.08 mi103, Marlborough Road, Norwich, Norfolk NR3 4PL2
£230K12/200.08 mi47, Wodehouse Street, Norwich, Norfolk NR3 4TY2
£168K07/230.08 mi30, Beaconsfield Road, Norwich, Norfolk NR3 4PW2
£185K02/210.09 mi78, Wodehouse Street, Norwich, Norfolk NR3 4TZ2
£190.3K06/230.09 mi77, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£240K10/220.09 mi82, Bull Close Road, Norwich, Norfolk NR3 1NQ2
£230K08/230.1 mi176, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£225K01/210.1 mi80, Beaconsfield Road, Norwich, Norfolk NR3 4PP2
£248K12/210.1 mi61, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£245K02/240.1 mi5, Beaconsfield Road, Norwich, Norfolk NR3 4PN2
£195K07/210.11 mi97, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£240K10/230.11 mi129, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£206.5K09/210.11 mi105, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£220K12/200.11 mi127, Beaconsfield Road, Norwich, Norfolk NR3 4AB2
£192K01/210.11 mi57, Knowsley Road, Norwich, Norfolk NR3 4PR2
£237.6K01/230.12 mi45, Knowsley Road, Norwich, Norfolk NR3 4PR2
£210K07/210.12 mi155, Knowsley Road, Norwich, Norfolk NR3 4PT2
£203.5K11/200.13 mi58, Knowsley Road, Norwich, Norfolk NR3 4PS2
£232K06/230.13 mi6, Knowsley Road, Norwich, Norfolk NR3 4PS2
£249.5K06/230.13 mi56, Knowsley Road, Norwich, Norfolk NR3 4PS2
£192.5K02/210.13 mi162, Marlborough Road, Norwich, Norfolk NR3 4PJ2
£201K04/210.13 mi123, Knowsley Road, Norwich, Norfolk NR3 4PT2
£183.5K11/210.13 mi96, Spencer Street, Norwich, Norfolk NR3 4PE2
£200K05/230.15 mi40, Silver Road, Norwich, Norfolk NR3 4TB2
£190K12/200.15 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£305K09/230.15 mi32, Magdalen Road, Norwich, Norfolk NR3 4AF2
£235K12/210.16 mi122, Churchill Road, Norwich, Norfolk NR3 4PZ2
£200K01/210.16 mi105, Churchill Road, Norwich, Norfolk NR3 4PZ2
£265K01/230.16 mi23, Cowgate, Norwich, Norfolk NR3 1SZ2
£250K03/240.16 mi6, Churchill Road, Norwich, Norfolk NR3 4PY2
£225K02/240.16 mi44, Churchill Road, Norwich, Norfolk NR3 4PY2
£205K12/230.16 mi14, Churchill Road, Norwich, Norfolk NR3 4PY2
£204.1K03/210.16 mi48, Churchill Road, Norwich, Norfolk NR3 4PY2
£215K02/240.16 mi58, Churchill Road, Norwich, Norfolk NR3 4PY2
£230K08/230.17 mi107, Spencer Street, Norwich, Norfolk NR3 4PF2
£245K04/230.17 mi118, Spencer Street, Norwich, Norfolk NR3 4PF2
£191K11/220.17 mi36, Cowgate, Norwich, Norfolk NR3 1SY2
£207.5K12/200.18 mi114, Spencer Street, Norwich, Norfolk NR3 4PF2
£206.5K12/230.18 mi26, Morley Street, Norwich, Norfolk NR3 1ND2
£180K12/200.19 mi17, Willis Street, Norwich, Norfolk NR3 1SW2
£196K06/210.19 mi9, Willis Street, Norwich, Norfolk NR3 1SW2
£190K12/200.19 mi40, St Olaves Road, Norwich, Norfolk NR3 4QB2
£216K09/210.2 mi54, Magdalen Road, Norwich, Norfolk NR3 4AQ2

Local Rents

48 rents from £825/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10008/240.05 miMarlborough Road, Norwich, Norfolk, NR32
£90006/240.08 miBull Close Road, NORWICH2
£1,15007/240.08 miBeaconsfield Road, NR32
£87507/240.09 miWodehouse Street, Norwich, NR32
£1,10007/240.09 miWodehouse Street, Norwich, Norfolk, NR32
£1,10006/240.1 miNorwich, NR32
£99506/240.11 miKnowsley Road, Norwich2
£1,20008/240.11 miBeaconsfield Road2
£95001/250.12 mi-2
£1,15006/240.12 miSilver Street, NR32
£95006/240.12 miSilver Street, Norwich, NR32
£1,15008/240.13 miSilver Street, Norwich2
£1,15009/240.13 miSilver Street, Norwich2
£1,10001/250.13 mi-2
£1,20007/240.13 miBull Close, NORWICH2
£99506/240.14 mi-2
£90009/240.14 miMagpie Road2
£82506/240.14 miYarn Mews, Norwich2
£1,25012/240.14 mi-2
£1,25006/240.15 miMagdalen Road, Norwich, 2
£89506/240.15 miNorth City2
£95006/240.16 miCross Keys Yard2
£95007/240.16 miCross Keys Yard2
£95008/240.16 miSilver Road, Norwich, Norfolk, NR32
£1,20006/240.16 miMagdalen Street, Norwich2
£99507/240.16 miMagpie Road, Norwich2
£1,05007/240.17 miSpencer Street, Norwich, NR32
£1,15007/240.17 miChurchill Road, Norwich2
£1,29507/240.17 mi-2
£1,29405/240.17 mi-2
£1,29403/250.17 mi-2
£1,30006/240.17 miCowgate, Norwich, NR32
£99506/240.18 miSilver Road, Norwich, Norfolk, NR32
£1,05006/240.18 miMorley Street, Norwich2
£1,00008/240.18 miSpencer Street, Norwich, Norfolk, NR32
£1,30006/240.18 miSt James Quay, Norwich, NR32
£1,05006/240.19 miWillis Street, Norwich2
£95008/240.19 miWillis Street, NORWICH2
£89506/240.19 miGuernsey Road, Norwich2
£1,25008/240.19 miSt. Olaves Road, Norwich, NR32
£1,10006/240.2 miSpencer Street, NORWICH2
£1,00006/240.2 miClarke Road, Norwich, NR32
£95010/240.2 mi-2
£95006/240.21 miNorthcote Road, Norwich2
£1,05006/240.21 miPeacock Street, Norwich, Norfolk, NR32
£92506/240.21 miEdward Street, Norwich2
£1,05006/240.21 miNorthcote Road2
£97508/240.22 miDalymond Court, Norwich, NR3 3FH2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.31 miles away

Nearest school

0.50 miles away

Nearest train station

0.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £240,000

January 21, 2025

Floor Plans

Description

  • Offered With No Chain +
  • Two Double Bedrooms +
  • Ground Floor Bathroom +
  • First Floor Shower Room +
  • Immaculate Throughout +
  • Private Garden +
  • Open Plan Lounge/Diner +
  • Popular North City Location +

Bonams Estate Agents are delighted to offer this Immaculately Presented, Two Bedroom, Mid Terrace House located within walking distance to the City Centre in the sought after NR3 area of Norwich.

Accommodation comprising of a Large Open Plan Lounge / Diner with Stripped Wooden Floorboards, a Modern Fitted Kitchen with Built in Appliances leading to a Family Bathroom along with a Utility Area. There is a Lobby also to the side of the property which is Ideal for Storage and makes an Excellent Boot Room.

To the First Floor are Two Large Double Bedrooms with a Modern En-Suite to Master.

Outside there is a Small Low Maintenance front garden and a Non-Bisected Rear Garden with Rear Gate Access.
The house benefits from Double Glazing, Gas Fired Central Heating and would make an Excellent First-Time purchase or buy to let investment.
Viewing is highly recommended!

Location - The popular NR3 area of Norwich provides a good range of local amenities to include schooling, shops, supermarkets, pubs and restaurants. There are good public transport links to and from the City centre with ease of access to the Norwich Ring Road and NDR.

Agent Details

Bonams Estate Agents, Thunder Lane, Norwich

01603 980229

Next Steps?

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