Caernarvon Road, Norwich, NR2
NO

Caernarvon Road, Norwich, NR2

By Northwood

£ 500,000

Reviews

3 out of 5 stars

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 %
from 264,112.00 £
Est sale value
195,759.85 £
Decreased by 4.63 %
from 205,270.45 £
Average area rental value
1,121.00 £/mo
Increased by 10.01 %
from 1,019.00 £/mo
Est letting value
792.55 £/mo
Unchanged by 0.00 %
from 792.55 £/mo
Est rental Yield
6.05 %
Increased by 30.67 %
from 4.63 %
Crime Rate
1.00 %
Unchanged by 0.00 %
from 1.00 %

Agent Activity

  • Northwood created the listing.

Nearby Schools

NameTypeOfstedDistance
The Parkside School, NorwichFoundation Special SchoolOutstanding0.24 KM
Recreation Road Infant SchoolCommunity SchoolOutstanding0.26 KM
Avenue Junior SchoolCommunity SchoolGood0.29 KM
Red Balloon - NorwichOther Independent School0.44 KM
Notre Dame Preparatory School (Norwich) LimitedOther Independent School0.84 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Havelock Road £ 250,00000.00 KM
The Elms £ 000.00 KM
Finchley Court £ 225,00000.00 KM
Westgate Close £ 000.00 KM
Hawthorne Row £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Norwich7309NRW3.83 KM

Nearby Listings

AddressPriceTypeScoreDistance
Caernarvon Road, Norwich, NR2 £ 500,000BUY6 / 100.00 KM
Caernarvon Road, Golden Triangle £ 575,000BUY6 / 100.02 KM
Caernarvon Road, Norwich, NR2 £ 325,000BUY7 / 100.03 KM
Caernarvon Road, Norwich, NR2 £ 270,000BUY5 / 100.03 KM
Caernarvon Road, Norwich, NR2 £ 325,000BUY6 / 100.05 KM

Nearby Properties

AddressPriceDistance
12 Caernarvon Road £ 128,5000.00 KM
24 Caernarvon Road £ 178,0000.00 KM
40 Caernarvon Road £ 240,0000.00 KM
66 Caernarvon Road £ 167,0000.00 KM
74 Caernarvon Road £ 252,0000.00 KM