Sotherton Road, Norwich
HA

Sotherton Road, Norwich

By Hammond & Stratford

£ 350,000

Reviews

3 out of 5 stars

Hammond & Stratford says ..

Are you in search of a prime investment property to generate instance cash flow? Look no further! We're thrilled to present this exceptional 5 bedroom, 5 en-suite House in Multiple Occupation (HMO) generating a gross yield of 9.8%!

Property Oracle says ..

This property is a five bedroom, five bathroom terraced house located on Sotherton Road in Norwich. The property benefits from being close to several outstanding ofsted-rated schools, including Eaton Hall Specialist Academy and The Clare School, both within a 0.5km radius. The location also offers convenient access to Norwich city centre, approximately 5.26km away via Greater Anglia train services. The property itself appears to be in good condition, recently modernised with a new kitchen and bathrooms. It includes a modest garden. While the property is smaller than the average for the area (528 sqft vs 1237 sqft), the list price of £350,000 is slightly below the average price of £443,510 for the area. However, given the smaller size and the fact that comparable properties in the area have sold for prices ranging from £110,000 to £400,000, a more detailed analysis of the property’s features and condition would be needed to determine if the asking price is justified.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
9
Location
8
Land
6
Bedrooms
5
Bathrooms
5
Sqft (est)
527.97
Lot (est)
861.11

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
405,909.00 £
Decreased by 18.93 %
from 500,682.00 £
Est sale value
213,827.85 £
Increased by 38.70 %
from 154,167.24 £
Average area rental value
1,198.00 £/mo
Decreased by 15.81 %
from 1,423.00 £/mo
Est letting value
527.97 £/mo
from 0.00 £/mo
Est rental Yield
3.54 %
Increased by 3.81 %
from 3.41 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • Hammond & Stratford marked this listing as sold.

  • Hammond & Stratford created the listing.

Nearby Schools

NameTypeOfstedDistance
Colman Junior SchoolCommunity SchoolGood0.37 KM
Eaton Hall Specialist AcademyAcademy Special ConverterOutstanding0.47 KM
The Clare SchoolFoundation Special SchoolOutstanding0.49 KM
Colman Infant SchoolCommunity SchoolOutstanding0.67 KM
St Francis Of Assisi Catholic Primary SchoolAcademy ConverterGood0.85 KM

Images

658110_1_7992569 658110_2_7992423 658110_3_7992410 658110_12_7992663 658110_4_7988209 658110_5_7988212 658110_8_7992656 658110_9_7992658 658110_11_7992662 658110_10_7992661 658110_14_7992436

Nearby Streets

NameAverage PriceAverage SqftDistance
Birkdale £ 600,00000.00 KM
Gunton Road £ 000.00 KM
Westgate Close £ 000.00 KM
Claremont Road £ 1,100,00000.00 KM
Waverley Road £ 750,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Norwich7309NRW5.26 KM

Nearby Listings

AddressPriceTypeScoreDistance
Sotherton Road, Norwich £ 260,000BUYUnknown0.04 KM
Sotherton Road, Norwich £ 325,000BUY5 / 100.10 KM
Sotherton Road, Norwich £ 350,000BUYUnknown0.16 KM
Parmenter Road, Norwich £ 175,000BUY7 / 100.16 KM
Buckingham Road, Norwich, NR4 £ 300,000BUY6 / 100.17 KM

Nearby Properties

AddressPriceDistance
22 Sotherton Road £ 162,5000.00 KM
44 Sotherton Road £ 79,7500.00 KM
24 Sotherton Road £ 40,0000.00 KM
34 Sotherton Road £ 215,5000.00 KM
30 Sotherton Road £ 254,0000.00 KM