5-bedroom house · NR4 7RH
Listing removedListed 271 days
Opportunity summary
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About
1 Colney Drive is a substantial five bedroom family residence of red brick construction under a tiled roof set over two storeys.
The property has been owned for the past 19 years by the same family who have sypathetically extended and improved the house throughout this tenure.
The house is light and airy and offers well-proportioned family-sized accommodation with five first floor bedrooms.
1 Colney Drive offers excellent reception rooms including a spacious living room with double doors through to the open plan dining room and garden room which have access out to the rear patio seating area.
On the first floor there is a spacious landing servicing five spacious bedrooms, of particular note is the principal bedroom which has lovely views over the rear gardens and associated en suite bathroom.
The property is accessed via a private driveway with two linked access points, plenty of off street parking and an associated double garage.
To the rear of the proeprty is a genrous lawned garden with shrub and hedge borders, spacious patio seating area, summer house and grill shed.
1 Colney Drive is a no through road in the popular suburb of Cringleford to the southwest of Norwich.
The property is 2.5 miles from a thriving array of city centre amenities including shops and numerous recreational and cultural interests.
Within is striking distance is a Waitrose supermarket in Eaton just half a mile away and notable schools in both the private and public sector such as Town Close Preparatory School, Norwich High School for Girls, Norwich School and City of Norwich School.
Norwich has a main railway station providing a regular service to London and Cambridge.
On the North side of the city is Norwich international Airport which caters for both domestic and international flight destinations, whilst nearby is the A47 and A11 which links to the M11 and further afield.
The properties are also well placed for the Norfolk and Norwich University Hospital and the University of East Anglia.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 1, Colney Drive, Norfolk
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