Pymm & Co says ..
This detached freehold property, split into two separate one-bedroom apartments, presents a lucrative investment opportunity, generating a combined monthly income of £1,290.
Property Oracle says ..
This two-bedroom, two-bathroom property located on Reepham Road in Hellesdon, Norwich, presents a mixed bag. The location is a clear strength, with Hellesdon offering a pleasant residential atmosphere and easy access to excellent schools and Norwich city centre. The proximity to transport links is also a valuable advantage. However, the property’s condition needs attention. The interior photographs reveal dated decor, and the kitchen and bathrooms appear particularly in need of renovation. The images suggests there is limited outdoor space, making the garden area a minor aspect of its appeal. The list price of £240,000 appears relatively fair, considering the location and size, yet potential buyers should factor in the substantial cost of refurbishment. Overall, the property is suitable for those seeking a project, willing to invest in updating and modernising the interior to achieve its full potential. The current presentation needs significant upgrading. The lack of detailed plot size information is a drawback for buyers. The property’s investment potential as a rental might be appealing, but further investigation into rental yields and potential costs is necessary. The availability of parking is not entirely clear from the photos.
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
- 5
- Location
- 7
- Land
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Sqft (est)
- 1,048.00
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
- 417,969.00 £Increased by 36.61 %
- Est sale value
- 391,952.00 £Increased by 1.91 %
- Average area rental value
- 1,251.00 £/moIncreased by 48.05 %
- Est letting value
- 1,048.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.59 %Increased by 8.46 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
Pymm & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Kinsale Junior School | Academy Converter | 0.62 KM | |
| Kinsale Infant School | Community School | Good | 0.62 KM |
| Arden Grove Infant And Nursery School | Academy Converter | Outstanding | 0.76 KM |
| Hellesdon High School | Academy Converter | Good | 0.86 KM |
| Firside Junior School | Academy Converter | Good | 0.90 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Shrub Lane | £ 290,000 | 0 | 0.00 KM |
| Oak Tree Lane | £ 0 | 0 | 0.00 KM |
| Holt Road | £ 0 | 0 | 0.00 KM |
| Elder Close | £ 0 | 0 | 0.00 KM |
| Saint Andrews Road | £ 335,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Norwich | 7309 | NRW | 6.59 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Reepham Road, Hellesdon, Norwich | £ 200,000 | BUY | 5 / 10 | 0.00 KM |
| Reepham Road, Hellesdon | £ 240,000 | BUY | 5 / 10 | 0.00 KM |
| Reepham Road, Hellesdon | £ 275,000 | BUY | Unknown | 0.18 KM |
| Gowing Road, Hellesdon, Norwich, Norfolk, NR6 | £ 260,000 | BUY | 6 / 10 | 0.18 KM |
| Firs Road, Hellesdon | £ 300,000 | BUY | 7 / 10 | 0.21 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 172 Reepham Road | £ 195,000 | 0.01 KM |
| 196 Reepham Road | £ 98,500 | 0.01 KM |
| 166 Reepham Road | £ 148,000 | 0.01 KM |
| 190 Reepham Road | £ 173,500 | 0.01 KM |
| 158 Reepham Road | £ 280,000 | 0.01 KM |