Friends Road, Norwich
WI

Friends Road, Norwich

By William H. Brown

£ 350,000

Reviews

2 out of 5 stars

William H. Brown says ..

***INVESTMENT OPPORTUNITY £2200 PCM / £26,400 PER ANNUM / GROSS YIELD OF 7.0%*** William H Brown are pleased to offer to the market this ready made investment opportunity sold with tenants in situ.

Property Oracle says ..

This five-bedroom property on Friends Road, Norwich, is marketed as an investment opportunity due to its proximity to the University of East Anglia. The listing highlights its potential for student rentals, emphasizing the high rental yield. The house itself offers five bedrooms and two bathrooms, making it suitable for multiple occupants.

The photographs reveal a property that is habitable but requires some attention. The kitchen and bathrooms are functional but could benefit from updates. The garden is overgrown and needs tending. Overall, the interior is adequately presented, but the exterior and garden present a less inviting view.

The lack of precise square footage data for both the subject property and comparable properties makes a complete price analysis difficult. However, given the location near the university, the demand for student accommodation, and the five-bedroom layout, the property’s list price is fairly competitive. The condition of the property and the somewhat neglected garden may make it necessary to invest in renovations to increase the value. Potential buyers should obtain a thorough survey to assess the condition and any potential repair 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. *

Price
7
Condition
6
Location
7
Land
3
Bedrooms
5
Bathrooms
2
Sqft (est)
1,100.00

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
265,714.00 £
Increased by 17.36 %
from 226,418.00 £
Est sale value
397,100.00 £
Increased by 28.93 %
from 308,000.00 £
Average area rental value
1,105.00 £/mo
Decreased by 15.71 %
from 1,311.00 £/mo
Est letting value
1,100.00 £/mo
Unchanged by 0.00 %
from 1,100.00 £/mo
Est rental Yield
4.99 %
Decreased by 28.20 %
from 6.95 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • William H. Brown marked this listing as sold.

  • William H. Brown created the listing.

Nearby Schools

NameTypeOfstedDistance
City Academy NorwichAcademy Sponsor LedRequires improvement0.33 KM
West Earlham Infant And Nursery SchoolCommunity SchoolOutstanding0.44 KM
West Earlham Junior SchoolCommunity SchoolGood0.44 KM
University Of East AngliaHigher Education Institutions0.83 KM
Earlham Nursery SchoolLocal Authority Nursery SchoolOutstanding0.88 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Hanbury Close £ 000.00 KM
George Dance Place £ 000.00 KM
Jamieson Place £ 000.00 KM
Gunton Lane £ 000.00 KM
Leewood Crescent £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Norwich7309NRW6.84 KM

Nearby Listings

AddressPriceTypeScoreDistance
Friends Road, Norwich £ 350,000BUY5 / 100.00 KM
Shepherd Close, Norwich £ 290,000BUY6 / 100.06 KM
Priscilla Close, Near The UEA, NR5 £ 250,000BUY6 / 100.09 KM
Cunningham Road, Norwich £ 280,000BUY6 / 100.17 KM
Mottram Close, Norwich £ 270,000BUY6 / 100.21 KM

Nearby Properties

AddressPriceDistance
42 Friends Road £ 129,5000.00 KM
40 Friends Road £ 152,5000.00 KM
25 Friends Road £ 125,0000.00 KM
28 Friends Road £ 82,0000.00 KM
7 Friends Road £ 106,0000.00 KM