3 Long Lane, Colby, Norwich, Norfolk, NR11 7EF
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3 Long Lane, Colby, Norwich, Norfolk, NR11 7EF

By Brown & Co Online Auctions

£ 120,000

Reviews

2 out of 5 stars

Brown & Co Online Auctions says ..

** For Sale By Unconditional Online Auction - Auction Ends 26/02/2025 11:00 Guide price = £120,000 - £140,000 plus fees Older style three bedroom semi-detached house which has been let for many years but is now sold vacant. The property features electric heating and sealed u...

Property Oracle says ..

This three-bedroom property located in the village of Colby, Norfolk, presents a mixed opportunity. Situated in a rural location, it provides a tranquil setting and relative proximity to several well-regarded primary schools which is a significant benefit to families. However, the considerable distance to secondary schools and train stations may limit convenience for some buyers. The property itself is in need of significant modernisation. Interior photographs reveal outdated finishes, peeling wallpaper, and general disrepair. Exterior views show an overgrown garden which will require substantial work to bring into a habitable condition. The existing kitchen and bathroom are very basic and dated and would almost certainly require full refurbishment. The lack of specified square footage and plot size makes a comprehensive market valuation and price assessment very difficult. The listing price of £120,000 represents potentially good value given the need for extensive work, however, the lack of property size means that a fair price-per-square-foot is impossible to establish. The property would likely appeal to buyers with renovation experience, a budget that includes significant renovation costs and who desire a project in a quiet and peaceful location. Those looking for a move-in-ready property should likely explore other options.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
4
Land
3
Bedrooms
3
Bathrooms
0

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
556,250.00 £
Decreased by 32.79 %
from 827,594.00 £
Average area rental value
2,125.00 £/mo
Increased by 15.61 %
from 1,838.00 £/mo
Est rental Yield
4.58 %
Increased by 71.54 %
from 2.67 %
Crime Rate
25.00 %
Unchanged by 0.00 %
from 25.00 %

Agent Activity

  • Brown & Co Online Auctions created the listing.

Nearby Schools

NameTypeOfstedDistance
Colby Primary SchoolCommunity SchoolGood2.52 KM
Erpingham Voluntary Controlled Church Of England Primary SchoolVoluntary Controlled SchoolGood4.66 KM
Aldborough Primary SchoolFoundation SchoolGood5.43 KM
St. Mary'S (Endowed) Cofe Va Primary SchoolVoluntary Aided SchoolGood5.59 KM
Reepham Children'S CentreChildren's Centre5.78 KM

Images

Nearby Transport

NameNLCTLCDistance
Gunton7299GNT6.93 KM
Roughton Road7297RNR9.24 KM

Nearby Listings

AddressPriceTypeScoreDistance
3 Long Lane, Colby, Norwich, Norfolk, NR11 7EF £ 120,000BUY4 / 100.00 KM
Peaceful Cottage in Colby £ 650,000BUY6 / 100.10 KM
Long Lane, Colby, Norwich £ 350,000BUYUnknown0.44 KM
Long Lane, Colby, Norwich, NR11 £ 500,000BUY6 / 100.45 KM
Long Lane, Colby, Norwich £ 600,000BUY7 / 100.66 KM

Nearby Properties

AddressPriceDistance
The Grange £ 535,0000.44 KM
Woodside £ 427,5000.44 KM
Orchards £ 127,5000.44 KM
The White House £ 200,0000.44 KM
Teal Thatch £ 93,0000.44 KM