Minors & Brady says ..

Property Oracle says ..

This maisonette is located in the Crome area of Norwich, Norfolk. The property itself is a three-bedroom maisonette with one bathroom, spanning 636.03 sqft and situated on a plot of 836 sqft. The asking price is £125,000.

Considering the provided images, the property appears to be in satisfactory condition for its age, although some modernisation would likely enhance its appeal. The décor is dated, and some aspects may require updating or replacing to meet modern standards. The property benefits from a balcony which offers some outdoor space.

The location is reasonably convenient, with several schools within a short distance, including George White Junior School and Lionwood Junior School, both rated ‘Good’ by Ofsted. Norwich city centre is also relatively close, offering access to a wider range of amenities and transportation links. The proximity to the Greater Anglia Norwich train station provides access to rail transportation.

Given the average house price in the area is £247,955 and the average price per sqft is £264, this property’s list price of £125,000 appears significantly lower. However, it’s important to note that the average sqft of properties in the area is 937 sqft, considerably larger than this maisonette at 636.03 sqft. The lower price may reflect the smaller size and the need for some modernisation. Further, the lack of data on comparable properties in the immediate vicinity makes a definitive price comparison challenging. The nearby properties listed show a range of prices, suggesting some price variation on Heathgate.

Based on the provided information, the property presents a potentially attractive option for buyers seeking a more affordable entry point into the Norwich housing market, but they should factor in potential renovation costs.

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

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