William H. Brown says ..

Property Oracle says ..

This four-bedroom, one-bathroom terraced house in Norwich’s Golden Triangle is listed for £280,000. The property’s location is a major advantage, as the Golden Triangle is a sought-after area known for its convenience and proximity to Norwich city centre. This is supported by the listed prices of similar properties on Portland Street which range from £145,000 to £374,500, reflecting the price variability within the area and depending on the condition and size of properties. The nearby listings and comparable properties all showcase that a terraced house in this location is typically in high demand, resulting in higher prices. Good schools, including outstanding-rated options, are within a reasonable distance, making the location attractive to families. The provided photos suggest that the property’s condition is fair but could use some modernisation. Whilst functional, the interiors appear somewhat dated, and cosmetic updates would enhance the property’s overall appeal. The kitchen and bathroom are simple but appear adequate. The property includes a small rear garden with sheds and a patio area, which adds to its desirability for many buyers. Given the prices of comparable properties on Portland Street, and nearby streets which show an average price in excess of £250,000, the asking price of £280,000 appears reasonable for the location and number of bedrooms, taking into account that some refurbishment may be needed, which can affect the overall perceived value. The lack of precise square footage information for comparable properties makes a definitive price-per-square-foot analysis impossible, preventing a more exact valuation. Overall, the property represents a decent investment opportunity with potential for appreciation given its location, but prospective buyers should factor in potential renovation costs.

Therefore, we give this property 5 / 10. Disclamer: This is our opition and does constitute a recommendation or financial advice. Do your own research.

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