1 THREE ACRE CLOSE
Recent sale
£400k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
6 Three Acre Close, Hoveton, Norwich, NR12 8QL
UPRN:10034809045Detached Bungalow2 bedsBuilt 1950-1966
FreeholdCouncil Tax: Band CEPC: D (63)
Data freshness:Listing· freshListing: fresh, refreshed today (2026-10-24T04:00:05.961683+00:00)Planning· 4mo agoPlanning: stale, refreshed 4mo ago (2026-07-10T08:38:44.171176+00:00)EPC· 2mo agoEPC: ageing, refreshed 2mo ago (2026-08-21T10:43:03.716143+00:00)Risk· 2y agoRisk: stale, refreshed 2y ago (2024-12-31T00:00:00+00:00)Amenities· 1mo agoAmenities: ageing, refreshed 1mo ago (2026-09-23T00:00:00+00:00)Area· Census 2021Area: static reference data (Census 2021); authoritative and does not refresh
Valuation estimateUpdated today
£291,000
Estimated value
Range: £277k - £306k|Last sold: £250k (2007-08-16)
Estimate of £291k for this detached bungalow. 225 sales in NR12 in the last 12 months; median £300k.
Estimate confidence
High confidence
Value History
Current estimate
£291k
£277k - £306k - High confidence
Annualised (CAGR)
+0.05%
Over the full window
Peak estimate
£417k
Dec 2025
From peak
-30.22%
Drawdown from peak
AVM estimate (model)Repeat-sales index - NR12 district (quarterly)index YoY -5.72%
Growth by window
3m
+4.30%
6m
-9.91%
12m
-30.05%
24m
-27.97%
60m
-3.64%
Rental Market
Estimated rent (pcm)
£950
/ month
Gross yield
4.22%
Rent ÷ asking price
Net yield
2.92%
Assumes ~31% running costs (not this property's)
Vacancy trend
12-month change
Market Metrics
Median Area Price
£300k
NR12 sales, last 12 months
12m Price Growth
-
NR12 median, Land Registry
Days on Market
128d
NR12 average
Sales & Yield
3 metricsTransactions / 12m
225
NR12 sales
Area Gross Yield
13.66%
NR12 medians
Last Sold
£250k
2007-08-16
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£270,000
- SDLT standard£3,500
- SDLT BTL surcharge (5%)£13,500
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£289,100
Funding
- Deposit (25%)£67,500
- Mortgage (75% LTV)£202,500
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£86,600
Monthly Returns
- Monthly Rent (estimate)£950
- Mortgage Payment (IO)-£886
- Management (10%)-£95
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow-£131
Capital Returns
- 5yr Property Value£270,000
- 5yr Capital Gain (0.00% pa, historical)+£0
- 5yr Cumulative Rent (net)+£47,386
- Less mortgage interest-£53,160
- 5yr Total Return-£5,774
Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £270,000 | £67,500 | -£1,572 | -£1,572 | -1.8% |
| Year 2 | £270,000 | £67,500 | -£2,940 | -£2,940 | -3.4% |
| Year 3 | £270,000 | £67,500 | -£4,099 | -£4,099 | -4.7% |
| Year 4 | £270,000 | £67,500 | -£5,046 | -£5,046 | -5.8% |
| Year 5 | £270,000 | £67,500 | -£5,774 | -£5,774 | -6.7% |
Modelled on the live asking price. Capital growth 0.00% a year is the NR12 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. ROI is on cash required (£86,600).
Price Forecast
No forecast available.
Demand & Supply
DemandSupply
Comparable Sales
1A THREE ACRE CLOSE
Recent sale
£390k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
8 THREE ACRE CLOSE
Recent sale
£241k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
5 THREE ACRE CLOSE
Recent sale
£270k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Area Economic Intelligence
Signal
£28,421
Median earnings (local authority)
Signal
2,298
Population
Signal
4.3%
Households Deprived