2 Bed Flat, Single Let, Norwich, NR1 1EA, £160,000

1 Maidstone Road, Norwich, NR1 1EA - 1 views - 3 years ago

Leasehold
BTL
ROI: 6%
47 m²
+7 photos

ValuationOvervalued

Sold Prices£110K - £325K
Sold Prices/m²£1.6K/m² - £4.2K/m²

 

 

Square Metres

47 m²
Price/m²£3.4K/m²

Value Estimate

£123,344

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£925 - £2,500

Rent Estimate

£963

Running Costs/mo

£713

Cashflow/mo

£250

Cashflow/yr

£3,005

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £325K, average is £168K. £1.6K/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£180K10/210 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£260K11/210.14 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£185K08/230.23 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£218K11/200.24 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£200K10/230.28 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£236.5K01/230.28 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£195K09/230.35 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.35 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£190K07/210.36 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£140K12/200.36 mi25, Fishergate, Norwich, Norfolk NR3 1SE2
£203K02/230.37 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£150K10/210.38 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£168K05/230.38 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£190K05/210.39 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£122K10/210.39 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£180K12/220.4 mi26, Blackfriars Street, Norwich, Norfolk NR3 1SF2
£150K12/230.41 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.41 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.41 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£158K08/230.44 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.44 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£115K03/210.47 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£325K01/230.47 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£270K10/200.48 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£181K03/210.5 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.5 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£142K10/210.51 mi81, Cowgate, Norwich, Norfolk NR3 1TG2
£310K06/210.51 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£165K09/230.51 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£180K01/210.54 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£217.5K03/210.55 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£180K12/200.56 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2
£168K03/210.58 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£210K01/230.59 mi11, Cavalry Ride, Norwich, Norfolk NR3 1UA2
£160K09/230.6 mi90, Mousehold Street, Norwich, Norfolk NR3 1NX2
£110K11/200.6 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£165K02/230.6 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£167.5K04/230.61 mi120, St Leonards Road, Norwich, Norfolk NR1 4JG2
£150K06/230.61 mi106, St Leonards Road, Norwich, Norfolk NR1 4JG2
£110K01/210.61 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£131.5K08/210.62 mi6, Pockthorpe Gate, Norwich, Norfolk NR3 1TU2
£128K07/230.62 mi48, Magdalen Close, Norwich, Norfolk NR3 1NE2
£140K07/210.62 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.62 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.62 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£117K01/210.62 mi171, St Leonards Road, Norwich, Norfolk NR1 4JN2
£120K10/200.62 mi215, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.62 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£180K07/230.63 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2

Local Rents

50 rents from £925/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,49512/240.01 mi-2
£1,50003/250.01 mi-2
£97506/240.02 miPrince Of Wales Road, Norwich2
£1,35012/240.03 mi-2
£1,60012/240.03 mi-2
£99506/240.03 miGreyfriars Road, Norwich, Norfolk, NR12
£92506/240.03 miGreyfriars Road, Norwich, Norfolk, NR12
£1,50006/240.04 mi-2
£1,50006/240.04 miGreyfriars Road, Norwich, NR12
£1,99506/240.04 miGreyfriars Road, Norwich, 2
£95006/240.06 miTudor Hall, Norwich2
£1,65003/240.06 miCity Centre, NR12
£1,35012/240.07 miKing Street, Norwich2
£1,25012/240.08 miKing Street, Norwich2
£97506/240.08 miHardwick House, NR1 1DB2
£1,25007/240.1 miUpper King Street, NORWICH2
£1,20008/240.1 miUpper King Street, NORWICH2
£1,10006/240.1 miSt Cuthberts House, NR3 1FA2
£2,50012/240.1 mi-2
£1,60003/250.1 mi-2
£1,15005/240.11 mi-2
£1,29503/240.12 miUpper King Street, Norwich, NR32
£1,20011/240.12 mi-2
£1,50012/240.12 miPrince of Wales Road, NR1 1NJ2
£1,45012/240.13 mi-2
£1,10006/240.14 miSt Faiths Lane, Norwich2
£1,20006/240.17 miPrince of Wales Road, Norwich, Norfolk, NR12
£1,22506/240.17 miCity Centre2
£1,35001/240.17 mi-2
£1,70004/240.17 mi-2
£1,60004/240.17 mi-2
£1,35004/240.17 mi-2
£1,10004/240.17 mi-2
£1,70004/250.17 mi-2
£1,32003/250.17 mi-2
£1,60003/250.17 mi-2
£1,32501/250.17 mi-2
£1,35003/250.17 mi-2
£1,05004/250.17 mi-2
£1,70006/240.17 miGrosvenor House, Norwich, NR12
£1,60006/240.17 miGrosvenor House, Norwich, NR12
£1,35006/240.17 miGrosvenor House, Norwich, NR12
£1,10006/240.17 miPrince Of Wales Road, Norwich, NR12
£1,20006/240.17 miPrince of Wales Road, Norwich, NR12
£1,20006/240.17 miPrince Of Wales Road, NORWICH2
£1,60012/240.17 miPrince Of Wales Road, NORWICH2
£1,65012/240.17 miPrince Of Wales Road, NORWICH2
£1,05006/240.17 miNorwich City Centre2
£99506/240.17 miPrince Of Wales Road, Norwich2
£1,65002/250.17 mi-2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

0.85 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £160,000

December 4, 2024

Listed for £170,000

September 1, 2022

Floor Plans

Description

  • City centre location +
  • Underground secure parking +
  • Two double bedrooms +
  • Vaulted ceiling in lounge/kitchen +
  • Well presented throughout +
  • The accommodation extends to 667 square foot +

SUMMARY
A fantastic opportunity to purchase a TWO BEDROOM TOP FLOOR APARTMENT that benefits from underground secure parking and two double bedrooms! *VIEWINGS ARE HIGHLY RECOMMENDED NOT TO MISS OUT ON THIS GREAT FLAT!!!!!!!*

DESCRIPTION
William H Brown are pleased to offer for sale this fantastic TOP FLOOR TWO DOUBLE BEDROOM APARTMENT that features a vaulted ceiling in the main living area and allocated secure underground parking. This property would make an idea buy to let or first time purchase.

Entrance Hall 
Telephone entry system, laminated flooring, doors to all rooms and cupboard housing washing machine.

Lounge/kitchen 17' x 15' 11" ( 5.18m x 4.85m )
Juliet balcony to the front aspect, laminated flooring and fully fitted kitchen with a range of wall and base units with work surfaces over, integrated dishwasher, integrated fridge/freezer, integrated electric oven and electric hob with cooker hood over. The vaulted ceiling measures 18ft 10in.

Bedroom 1 15' 8" x 10' 4" ( 4.78m x 3.15m )
Window to the rear aspect, built in wardrobes, radiator and laminated flooring.

Bedroom 2 17' 2" into door recess x 8' 5" ( 5.23m into door recess x 2.57m )
Window to the front aspect, laminated flooring and radiator.

Bathroom 
Window to the side aspect with suite comprising of pedestal wash hand basin, W/C, white panelled bath with shower over, part tiled walls and radiator,

Exterior 
There is access to communal gardens and underground secure parking which is accessed via a remote roller door and a secure side door.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Norwich

01603 361933

Next Steps?

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