Northwood says ..
BUY2LET - A fantastic Buy2Let investment opportunity, this 3 bedroom, North City Terrace House is currently tenanted, with a potential annual income of £11,940.
Property Oracle says ..
This three-bedroom terraced house located on Silver Street in Norwich, NR3, presents a mixed bag of characteristics for potential buyers. The property’s key selling point is its location within a reasonably convenient residential area in a sought-after district of the city, close to schools rated ‘Good’ by Ofsted, and with access to Norwich city centre via public transport. The presence of a garden, although seemingly small and requiring maintenance, is a positive feature.
However, from the images provided, the property’s condition seems to be average. While structurally sound, it could benefit from modernization, particularly in the kitchen. The lack of key details, such as the exact square footage and plot size, presents a challenge to accurately determine its value for money. Comparable properties on Silver Street and nearby roads show a range of prices, making it difficult to confidently place this property’s price within the market. It is essential for potential buyers to conduct a thorough inspection to assess the property’s condition and value before making any offers.
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
- 4
- Bedrooms
- 3
- Bathrooms
- 1
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
- 226,667.00 £Increased by 0.36 %
- Average area rental value
- 1,053.00 £/moIncreased by 3.74 %
- Est rental Yield
- 5.57 %Increased by 3.34 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Northwood created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Magdalen Gates Primary School | Community School | Good | 0.37 KM |
| George White Junior School | Academy Converter | Good | 0.52 KM |
| Norwich School | Other Independent School | 0.77 KM | |
| Mousehold Infant & Nursery School | Academy Converter | 0.81 KM | |
| Norwich University Of The Arts | Higher Education Institutions | 0.93 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Typesetters Way | £ 350,000 | 0 | 0.00 KM |
| Printworks Drive | £ 345,000 | 0 | 0.00 KM |
| Silver Road Back Lane | £ 0 | 0 | 0.00 KM |
| Guilders Way | £ 0 | 0 | 0.00 KM |
| River Lane | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Norwich | 7309 | NRW | 1.32 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Silver Street, Norwich, NR3 | £ 190,000 | BUY | 5 / 10 | 0.00 KM |
| Bull Close Road, Norwich | £ 220,000 | BUY | 6 / 10 | 0.06 KM |
| Wodehouse Street, Norwich, NR3 | £ 260,000 | BUY | 7 / 10 | 0.08 KM |
| Wodehouse Street, Norwich | £ 250,000 | BUY | 6 / 10 | 0.12 KM |
| Barrack Street, Norwich | £ 150,000 | BUY | 5 / 10 | 0.12 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 70 Silver Street | £ 137,500 | 0.00 KM |
| 73 Silver Street | £ 147,500 | 0.00 KM |
| 61 Silver Street | £ 106,000 | 0.00 KM |
| 101 Silver Street | £ 205,000 | 0.00 KM |
| 90 Silver Street | £ 206,000 | 0.00 KM |