Chestnut Close, NORWICH, Norfolk, NR5
AB

Chestnut Close, NORWICH, Norfolk, NR5

By Abbotts

£ 100,000

Reviews

3 out of 5 stars

Abbotts says ..

***50% SHARED OWNERSHIP*** Offered on a shared ownership basis, this semi-detached three-bedroom property in the popular area of Costessey presents an excellent opportunity for buyers looking to add value through modernisation. The home features a spacious layout, including a well-prop...

Property Oracle says ..

The property is located in Chestnut Close, New Costessey, Norwich. It’s a semi-detached house with three bedrooms and one bathroom. The plot size is 965 sqft. The list price is £100,000.

The property appears to be in reasonable condition. While not brand new, the images show a clean and well-maintained interior. There is no obvious need for major renovation work. The kitchen and bathroom appear functional, though perhaps slightly dated in style. The garden is a good size, offering a pleasant outdoor space.

The location is positive, with several highly-rated schools within a short distance, such as Ormiston Victory Academy (Outstanding) and Costessey Primary School (Good). This is a significant advantage for families. However, information on nearby transportation is lacking, which could be a factor to consider.

Considering the average house price in the area is £334,022 and the average price per sqft is £323, the list price of £100,000 for this property seems significantly below average. However, this might be justified by the smaller size of the property compared to the average, and the fact that many nearby properties are also priced lower, especially flats. The lack of sqft data for the subject property makes a precise comparison difficult. Further investigation into the property’s specific features and any potential drawbacks is needed for a definitive conclusion.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
4
Condition
7
Location
8
Land
7
Bedrooms
3
Bathrooms
1
Lot (est)
965.00

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
289,300.00 £
Decreased by 12.05 %
from 328,936.00 £
Average area rental value
1,300.00 £/mo
Increased by 59.31 %
from 816.00 £/mo
Est rental Yield
5.39 %
Increased by 80.87 %
from 2.98 %
Crime Rate
28.00 %
Unchanged by 0.00 %
from 28.00 %

Agent Activity

  • Abbotts marked this listing as sold.

  • Abbotts created the listing.

Nearby Schools

NameTypeOfstedDistance
Ormiston Victory AcademyAcademy Sponsor LedOutstanding0.19 KM
Costessey Primary SchoolAcademy ConverterGood0.82 KM
Chapel Break Infant SchoolCommunity SchoolOutstanding0.95 KM
St Michael'S Va Junior SchoolVoluntary Aided SchoolGood0.96 KM
St Augustine'S Catholic Primary School, CostesseyAcademy ConverterGood1.17 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Chestnut Close £ 130,00000.00 KM
Luke Close £ 000.00 KM
Poplar Close £ 125,00000.00 KM
Bottom Breck Close £ 216,66700.00 KM
Oak Close £ 210,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Chestnut Close, NORWICH, Norfolk, NR5 £ 100,000BUY6 / 100.00 KM
Stone Breck, Norwich £ 140,000BUYUnknown0.06 KM
Richmond Road, New Costessey, Norwich £ 230,000BUY7 / 100.14 KM
Richmond Road, Costessey, Norwich, Norfolk, NR5 £ 240,000BUY7 / 100.14 KM
White Gates, Costessey, Norwich £ 210,000BUY6 / 100.15 KM

Nearby Properties

AddressPriceDistance
3 Chestnut Close £ 85,0000.00 KM
6 Chestnut Close £ 207,0000.00 KM
19 Chestnut Close £ 95,0000.00 KM
1 Chestnut Close £ 130,0000.00 KM
5 Chestnut Close £ 94,0000.00 KM