Olive Road, Norwich
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Olive Road, Norwich

By Chilterns

£ 260,000

Reviews

2 out of 5 stars

Chilterns says ..

This three bedroom semi-detached bungalow has great potential for improvement and an investment opportunity. Offered on a chain free basis this could make the ideal purchase for you!

Property Oracle says ..

This three-bedroom semi-detached bungalow in New Costessey, Norwich, presents a mixed picture. The location is a strong point, offering a balance between suburban tranquility and convenient access to Norwich’s amenities. The proximity to several schools, including those with good Ofsted ratings, is attractive for families. However, the property’s condition is a significant drawback. The interior requires substantial modernisation and updating. The decor is outdated, carpets need replacing and there are areas of unfinished work. This will impact the potential buyer’s immediate costs. The garden is present but shows signs of neglect and lacks a definitive size in the provided data.

The list price of £260,000 warrants careful consideration. While some nearby properties are priced similarly, many lack the specific square footage data for a true comparison. The condition of the subject property, requiring significant investment in renovation, might make the price seem less attractive. Prospective buyers must carefully weigh the costs of renovation against the property’s location and potential resale value following improvements. A comprehensive survey and detailed cost estimates for refurbishment are crucial before making an offer. Overall, this property presents a project opportunity for those with the time, skills, or resources to handle substantial renovation work, offering a possible return on investment once improvements are made. However, it is essential to be realistic about the costs and time commitment involved.

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
6
Condition
4
Location
7
Land
5
Bedrooms
3
Bathrooms
1
Sqft (est)
1,381.44

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
334,022.00 £
Decreased by 6.66 %
from 357,859.00 £
Est sale value
446,205.12 £
Decreased by 44.21 %
from 799,853.76 £
Average area rental value
1,208.00 £/mo
Increased by 8.44 %
from 1,114.00 £/mo
Est letting value
1,381.44 £/mo
Unchanged by 0.00 %
from 1,381.44 £/mo
Est rental Yield
4.34 %
Increased by 16.04 %
from 3.74 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Chilterns marked this listing as sold.

  • Chilterns created the listing.

Nearby Schools

NameTypeOfstedDistance
Banks House SchoolOther Independent Special School0.56 KM
Valley Primary AcademyAcademy Sponsor LedRequires improvement1.12 KM
Clover Hill Va Infant And Nursery SchoolVoluntary Aided SchoolOutstanding1.34 KM
Bowthorpe West Earlham And Costessey Sure Start Children'S CentreChildren's Centre1.54 KM
Earlham Early Years CentreChildren's Centre1.57 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Gurney Court £ 000.00 KM
West Road £ 443,75000.00 KM
Morris Close £ 225,00000.00 KM
George Dance Place £ 000.00 KM
Three Mile Lane £ 430,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Norwich7309NRW8.29 KM

Nearby Listings

AddressPriceTypeScoreDistance
Olive Road, Norwich £ 260,000BUY5 / 100.00 KM
Gunton Lane, Costessey, Norwich £ 250,000BUY6 / 100.10 KM
23 Glenda Crescent, Norwich, Norfolk NR5 0AZ £ 160,000BUY7 / 100.23 KM
Glenda Crescent, Costessey, Norwich £ 230,000BUY6 / 100.23 KM
Norwich Road, Costessey, Norwich £ 240,000BUY6 / 100.25 KM

Nearby Properties

AddressPriceDistance
4 Olive Road £ 85,0000.00 KM
4a Olive Road £ 146,0000.00 KM
40 Olive Road £ 187,0000.00 KM
22 Olive Road £ 149,9500.00 KM
10 Olive Road £ 156,0000.00 KM