Think Property says ..

Property Oracle says ..

The property is located on Friends Road, Norwich, close to the University of East Anglia. The area benefits from several primary schools within a reasonable distance, including West Earlham Junior School (rated ‘Good’) and West Earlham Infant and Nursery School (rated ‘Outstanding’). City Academy Norwich is also nearby, although its Ofsted rating is ‘Requires Improvement’. The proximity to the university suggests potential for rental income, particularly to students. Norwich city centre is also relatively accessible, given the 6.72km distance to the train station.

Based on the provided images, the property appears to be in fair condition. While there is no major damage visible, the interior decor is dated and could benefit from some modernisation. The garden is small and requires some attention, with overgrown vegetation. The overall impression is that the property is habitable but could benefit from some improvements to enhance its appeal and value.

The property has a small garden, as shown in the images. However, its size is limited and requires maintenance.

Considering the list price of £270,000, the average price in the area of £272,551, and an average price per sqft of £272, this property’s price seems reasonable, particularly given its location and the potential rental income it could generate. However, the need for some modernisation and the small garden size may affect its attractiveness to buyers seeking a move-in-ready property. The size of the property at 870.37 sqft is smaller than the average of 1002 sqft, which may also impact the perceived value. The nearby comparable properties show a range of prices, suggesting some degree of price variability in the area. Further analysis of comparable properties with similar size and condition would be beneficial to confirm the price’s appropriateness.

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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