Northwood says ..
STUNNING GOLDEN TRIANGLE INVESTMENT OPPORTUNITY. This beautifully converted Old Dairy Building is located right in the heart of the Golden Triangle and is currently tenanted with an annual income of £41,500pa
Property Oracle says ..
This property in Norwich’s Golden Triangle is a six-bedroom, four-bathroom house that appears to have undergone a recent and high-quality conversion. The images reveal a modern interior, updated kitchen and bathrooms, and what seems to be a high-end finish. The location in the Golden Triangle is a significant advantage, providing access to good schools (including those rated ‘Outstanding’ by Ofsted) and a convenient location within Norwich. However, the list price of £500,000 warrants further investigation. While the location and quality of the renovations are strong selling points, the limited outdoor space and lack of detailed plot size information mean a proper price-per-square-foot assessment is difficult. Furthermore, comparing it to other properties in the area suggests the price might be towards the high end, though the potential rental income may justify the valuation, depending on the overall operating costs of the property. The lack of precise square footage data for nearby properties also hinders a thorough comparative market analysis. A potential buyer should consider obtaining a full survey to fully understand the property’s structural condition and an independent valuation to get an accurate assessment of its market worth. The described conversion from an old dairy building also provides unique character, possibly adding to its value.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 8
- Location
- 9
- Land
- 3
- Bedrooms
- 6
- Bathrooms
- 4
- Sqft (est)
- 792.55
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
- 222,288.00 £Decreased by 15.84 %
- Est sale value
- 195,759.85 £Decreased by 4.63 %
- Average area rental value
- 1,121.00 £/moIncreased by 10.01 %
- Est letting value
- 792.55 £/moUnchanged by 0.00 %
- Est rental Yield
- 6.05 %Increased by 30.67 %
- Crime Rate
- 1.00 %Unchanged by 0.00 %
Agent Activity
Northwood created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Parkside School, Norwich | Foundation Special School | Outstanding | 0.24 KM |
| Recreation Road Infant School | Community School | Outstanding | 0.26 KM |
| Avenue Junior School | Community School | Good | 0.29 KM |
| Red Balloon - Norwich | Other Independent School | 0.44 KM | |
| Notre Dame Preparatory School (Norwich) Limited | Other Independent School | 0.84 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Havelock Road | £ 250,000 | 0 | 0.00 KM |
| The Elms | £ 0 | 0 | 0.00 KM |
| Finchley Court | £ 225,000 | 0 | 0.00 KM |
| Westgate Close | £ 0 | 0 | 0.00 KM |
| Hawthorne Row | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Norwich | 7309 | NRW | 3.83 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Caernarvon Road, Norwich, NR2 | £ 500,000 | BUY | 6 / 10 | 0.00 KM |
| Caernarvon Road, Golden Triangle | £ 575,000 | BUY | 6 / 10 | 0.02 KM |
| Caernarvon Road, Norwich, NR2 | £ 325,000 | BUY | 7 / 10 | 0.03 KM |
| Caernarvon Road, Norwich, NR2 | £ 270,000 | BUY | 5 / 10 | 0.03 KM |
| Caernarvon Road, Norwich, NR2 | £ 325,000 | BUY | 6 / 10 | 0.05 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 12 Caernarvon Road | £ 128,500 | 0.00 KM |
| 24 Caernarvon Road | £ 178,000 | 0.00 KM |
| 40 Caernarvon Road | £ 240,000 | 0.00 KM |
| 66 Caernarvon Road | £ 167,000 | 0.00 KM |
| 74 Caernarvon Road | £ 252,000 | 0.00 KM |