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 %
- Est sale value
- 213,827.85 £Increased by 38.70 %
- Average area rental value
- 1,198.00 £/moDecreased by 15.81 %
- Est letting value
- 527.97 £/mo
- Est rental Yield
- 3.54 %Increased by 3.81 %
- Crime Rate
- 6.00 %Unchanged by 0.00 %
Agent Activity
Hammond & Stratford marked this listing as sold.
Hammond & Stratford created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Colman Junior School | Community School | Good | 0.37 KM |
| Eaton Hall Specialist Academy | Academy Special Converter | Outstanding | 0.47 KM |
| The Clare School | Foundation Special School | Outstanding | 0.49 KM |
| Colman Infant School | Community School | Outstanding | 0.67 KM |
| St Francis Of Assisi Catholic Primary School | Academy Converter | Good | 0.85 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Birkdale | £ 600,000 | 0 | 0.00 KM |
| Gunton Road | £ 0 | 0 | 0.00 KM |
| Westgate Close | £ 0 | 0 | 0.00 KM |
| Claremont Road | £ 1,100,000 | 0 | 0.00 KM |
| Waverley Road | £ 750,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Norwich | 7309 | NRW | 5.26 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Sotherton Road, Norwich | £ 260,000 | BUY | Unknown | 0.04 KM |
| Sotherton Road, Norwich | £ 325,000 | BUY | 5 / 10 | 0.10 KM |
| Sotherton Road, Norwich | £ 350,000 | BUY | Unknown | 0.16 KM |
| Parmenter Road, Norwich | £ 175,000 | BUY | 7 / 10 | 0.16 KM |
| Buckingham Road, Norwich, NR4 | £ 300,000 | BUY | 6 / 10 | 0.17 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 22 Sotherton Road | £ 162,500 | 0.00 KM |
| 44 Sotherton Road | £ 79,750 | 0.00 KM |
| 24 Sotherton Road | £ 40,000 | 0.00 KM |
| 34 Sotherton Road | £ 215,500 | 0.00 KM |
| 30 Sotherton Road | £ 254,000 | 0.00 KM |