29 Valpy Avenue, Norwich, Norfolk NR3 2EN

Description

This three bedroom semi-detached house is close to local amenities including Sloughbottom Park. This former local authority three bedroom semi-detached house offers well-proportioned accommodation arranged over two floors. The ground floor comprises a triple-aspect kitchen/diner, cloakroom and sitting room. On the first floor, there are three bedrooms and a family bathroom. Externally, the property benefits from enclosed front and rear gardens, with the rear garden with patio area and lawned garden and a useful shed. Further benefits include gas central heating via a back boiler and sealed-unit double glazing. The property is well placed for access into the city and to a wide range of community facilities and public transport.

Accommodation

Ground Floor: Entrance hall, stairs to the first floor, kitchen/diner, cloakroom, sitting room. First floor: Three bedrooms off landing and modern bathroom. Outside: Enclosed front garden with side access into the rear garden. The garden itself is an established and laid to a mixture of lawn, patio and a useful storage shed with pedestrian access to the side.

Location

Close to local amenities including Sloughbottom Park. Well placed for access into the city and to a wide range of community facilities and public transport.

Tenure / Property Information

Investment Analysis

HM Land Registry comparables on Valpy Avenue range from £180,000 to £250,000, averaging £220,000. The most recent supplied sale was £200,000 in April 2025. A cautious base GDV of £220,000 is used, with £200,000 low and £240,000 high scenarios. This is an estimate, not a formal valuation.

Investment Snapshot

Strategy Recommendation

Potentially suitable for BTL or BRRR, subject to confirming condition, achievable rent, legal-pack costs and refurbishment requirements. Do not bid beyond a separately costed maximum.

Works Required

No specific defects are stated. Obtain a survey and assess the EPC E rating, gas back-boiler system, general condition and any legal-pack requirements before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £220,000 base GDV, 75% refinance is approximately £165,000. Cash left in cannot be calculated because refurbishment costs, finance costs and other purchase charges are not sufficiently evidenced.

Buy-to-Let Analysis

Indicative asking rents supplied are £1,550–£1,700 pcm, implying approximately 8.45%–9.27% gross yield against the £220,000 base GDV. Using the £160,000 guide midpoint, the indicative gross yield is approximately 12.19% at £1,625 pcm. Rents are advertised asking rents, not achieved rents, and costs are incomplete.

Flip Analysis

The supplied comparables support a potential resale range of £200,000–£240,000, but refurbishment costs, selling costs and total project cost are unsupported. Flip surplus therefore cannot be quantified reliably.

Investor Risks & Due Diligence

• EPC rating E may require improvement, subject to inspection and applicable requirements.

• Gas central heating is via a back boiler; condition and replacement requirements are unknown.

• Advertised rents are not achieved rents and are not specifically confirmed for this property.

• Disbursements, searches, seller costs, legal fees and transfer fees may be payable in addition to the stated charges.

• Total project cost cannot be established without condition and legal-pack information.

Recommendation

Potentially suitable for BTL or BRRR, subject to confirming condition, achievable rent, legal-pack costs and refurbishment requirements. Do not bid beyond a separately costed maximum.

Strategy Rating

Analysis Confidence

Strong address-specific completed-sale evidence and some rental evidence are available, but there is no inspection, refurbishment budget, achieved rent, full fee schedule or legal-pack detail.