55 Newbegin Close, Norwich, Norfolk NR1 4PU
AU

55 Newbegin Close, Norwich, Norfolk NR1 4PU

By Auction House

£ 120,000

Reviews

2 out of 5 stars

Auction House says ..

SOLD AT AUCTION FOR £146,000

Property Oracle says ..

This three-bedroom terraced house located at 55 Newbegin Close, Norwich, is presented for sale. The property’s location in Crome offers several advantages, including proximity to well-regarded primary and infant schools and convenient access to Norwich city centre. However, the property’s condition is a major concern. The photographs reveal significant wear and tear, outdated interiors, and a general need for modernisation. The kitchen, bathroom, and living areas all show signs of age and disrepair. Mold is evident in at least one area. The garden is present but requires significant work and landscaping. Although the list price of £120,000 is below the average of similar properties noted in nearby streets, the extensive refurbishment required must be factored in. A previous auction sale indicates a higher value, but auction prices can be influenced by various factors and may not represent typical market value for a directly comparable property. Potential buyers should budget significantly for renovation costs. While the location is a positive attribute, the property’s overall condition suggests it is a project property requiring substantial investment before it is habitable. The property would appeal most to buyers looking for a fixer-upper with renovation experience or the resources to hire contractors for a complete refurbishment.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
6
Land
5
Bedrooms
3
Bathrooms
0
Sqft (est)
732.00

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
280,714.00 £
Increased by 16.69 %
from 240,560.00 £
Est sale value
257,664.00 £
Increased by 24.82 %
from 206,424.00 £
Average area rental value
1,200.00 £/mo
Increased by 4.08 %
from 1,153.00 £/mo
Est letting value
732.00 £/mo
Unchanged by 0.00 %
from 732.00 £/mo
Est rental Yield
5.13 %
Decreased by 10.78 %
from 5.75 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Auction House marked this listing as sold.

  • Auction House created the listing.

Nearby Schools

NameTypeOfstedDistance
Lionwood Junior SchoolAcademy ConverterGood0.79 KM
Thorpe Hamlet & Heartsease Children'S CentreChildren's Centre0.79 KM
Lionwood Infant And Nursery SchoolAcademy ConverterOutstanding0.94 KM
Heartsease Primary AcademyAcademy ConverterOutstanding0.94 KM
The Open AcademyAcademy Sponsor LedRequires improvement1.23 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Lime Tree Avenue £ 265,00000.00 KM
Harvey Close £ 362,50000.00 KM
Saint Williams Way £ 000.00 KM
Vancouver Road £ 000.00 KM
Orchard Close £ 300,83300.00 KM

Nearby Transport

NameNLCTLCDistance
Norwich7309NRW2.10 KM
Salhouse7318SAH8.73 KM

Nearby Listings

AddressPriceTypeScoreDistance
Newbegin Close, Norwich £ 270,000BUY7 / 100.09 KM
Newbegin Close, Norwich £ 300,000BUY7 / 100.12 KM
Lion Wood Road, Norwich £ 230,000BUY7 / 100.13 KM
Pilling Park Road, Norwich £ 230,000BUYUnknown0.16 KM
Supple Close, Norwich £ 190,000BUY6 / 100.17 KM

Nearby Properties

AddressPriceDistance
57 Lion Wood Road £ 186,0000.10 KM
50 Lion Wood Road £ 125,0000.10 KM
73 Lion Wood Road £ 175,0000.10 KM
47 Lion Wood Road £ 158,0000.10 KM
2 Cubitt Road £ 165,0000.11 KM