dealsourcr

3 Bed Flat, Single Let, Norwich, NR1 1WS, £250,000

Wherry Road, Riverside, Norwich, NR1 1WS - a year ago

Leasehold
BTL
~93 m²
+3 photos

ValuationOvervalued

Sold Prices£111K - £435K
Sold Prices/m²£1.5K/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£179,539

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£71,200

 

 

Cash Out

 

Rent Range

£995 - £2,500

Rent Estimate

£996

Running Costs/mo

£1,000

Cashflow/mo

£-4

Cashflow/yr

£-53

Gross Yield

5%

Local Sold Prices

27 sold prices from £111K to £435K, average is £157.5K. £1.5K/m² to £2.8K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£154K06/230.19 mi61, Music House Lane, Norwich, Norfolk NR1 1QN3
£352K01/240.22 mi120a, King Street, Norwich, Norfolk NR1 1QE3
£160K07/210.33 mi5, Kensington Place, Norwich, Norfolk NR1 3JE3
£147K10/230.33 mi13, Kensington Place, Norwich, Norfolk NR1 3JE3
£160K11/200.42 mi63, Hall Road, Norwich, Norfolk NR1 3HL3
£165K08/210.51 mi18, Cherry Close, Norwich, Norfolk NR1 3HR3
£395K08/230.58 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£326K04/210.61 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£133.3K06/210.69 mi126, St Leonards Road, Norwich, Norfolk NR1 4JG3
£145K12/210.72 mi189, St Leonards Road, Norwich, Norfolk NR1 4JN3
£157.5K02/230.74 mi183, St Leonards Road, Norwich, Norfolk NR1 4JN3
£284.5K08/230.75 mi55, Chapel Field East, Norwich, Norfolk NR2 1SF3
£435K04/230.77 mi10, St James Meadow, Norwich, Norfolk NR3 1TR3
£190K11/210.8 mi3, Water Lane, Norwich, Norfolk NR3 1DD3
£142.5K03/210.84 mi18, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£162.5K01/230.86 mi40, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£169.5K11/220.9 mi49, Johnson Place, Norwich, Norfolk NR2 2SA3
£144K05/210.92 mi5, Globe Place, Norwich, Norfolk NR2 2SG3
£132.5K04/210.92 mi92, Mousehold Street, Norwich, Norfolk NR3 1NX3
£111K12/200.93 mi6, Heathgate, Norwich, Norfolk NR3 1PQ3
£170K12/220.94 mi88, Vauxhall Street, Norwich, Norfolk NR2 2SD3
£131K05/210.95 mi40, Heathgate, Norwich, Norfolk NR3 1PQ3
£125K01/240.97 mi88, Heathgate, Norwich, Norfolk NR3 1PN3
£120K02/210.97 mi75, Heathgate, Norwich, Norfolk NR3 1PN3
£152K03/210.97 mi31b, Suffolk Square, Norwich, Norfolk NR2 2AA3
£175K04/230.97 mi42, Suffolk Square, Norwich, Norfolk NR2 2AA3
£140K01/230.99 mi140, Heathgate, Norwich, Norfolk NR3 1PW3

Local Rents

39 rents from £995/mo to £2.5K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,30006/240.09 miWherry Road, NORWICH3
£2,40012/240.17 miKing Street, Norwich3
£1,05006/240.17 miArgyle Street, Norwich, NR13
£1,50001/240.17 mi-3
£1,00006/240.18 miNormandie Tower, Norwich, 3
£1,00012/240.18 miNormandie Tower, Rouen Road, Norwich3
£99506/240.21 miStuart Road, Norwich3
£1,29512/240.22 miAlan Road, Norwich3
£1,35012/240.22 miKing Street, NORWICH3
£1,89506/240.23 miGeoffrey Watling Way, Norwich, NR13
£1,90012/240.29 miRobinson Bank, NR1 1GG3
£1,35006/240.3 miCarrow Road, Norwich, NR13
£1,09005/240.31 mi-3
£1,60006/240.31 miGeoffrey Watling Way, Norwich NR13
£2,00012/240.32 miFoundry Court, Recorder Road, Norwich, Norfolk, NR13
£2,10001/240.33 mi-3
£2,00006/240.33 mi-3
£2,00012/240.33 mi-3
£2,00012/240.33 mi-3
£2,10006/240.33 miPrince Of Wales Road, NORWICH3
£1,40012/240.35 miChalk Hill Road, Norwich, 3
£1,40012/240.36 miCedar Road, NORWICH3
£1,19512/240.36 miCedar Road, Norwich, NR13
£1,55002/250.37 mi-3
£1,69506/240.38 miTibbenha house3
£1,30006/240.38 miSt. Matthews Road, Norwich, Norfolk, NR13
£1,30006/240.38 mi-3
£99512/240.38 miCarrow Road, Norwich3
£1,25004/250.38 mi-3
£2,00006/240.39 miCity Centre, NR13
£1,20006/240.41 miMarion Road, Norwich, 3
£1,10006/240.41 miMarion Road, Norwich, Norfolk, NR13
£1,15012/240.43 miThorpe Road3
£1,25012/240.45 miCricket Ground Road, Norwich3
£1,65012/240.45 miCarlyle Road, Norwich, Norfolk, NR13
£1,49512/240.45 miAll Saints Green, Norwich, Norfolk, NR13
£2,20006/240.6 miRedwell Street, Norwich3
£2,50007/240.6 miRedwell Street, Norwich3
£1,65007/240.6 miOpposite the Cathedral, Norwich, NR33

Links

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.26 miles away

Nearest school

0.30 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £250,000

March 10, 2024

Sold for £165,000

2007

Sold for £165,995

2001

Floor Plans

Description

  • Guide £250,000 - £270,000 On This Spacious Modern Apartment +
  • Entrance Hall +
  • 31' Lounge/Kitchen +
  • Three Bedrooms +
  • En-Suite To Master Bedroom +
  • Bathroom +
  • Secure Gated Parking +
  • Great Location +
  • No Chain +

Property Summary
* Be quick to view this SPACIOUS THREE BEDROOM MODERN APARTMENT located in the very popular Riverside area in central Norwich. The property has entrance hall, 31' LOUNGE/KITCHEN, bathroom, en-suite to master bedroom, SECURE GATED PARKING and NO ONWARD CHAIN * Entrance Hall
Telephone entry system, doors to all rooms Lounge/Kitchen 31' x 15'4
Double glazed windows and Juliet balcony to front, Fitted range of wall and base units with work tops over, fitted oven and hob, space for fridge/freezer and washing machine Bedroom One 13'5 x 9'6
Double glazed window to rear, fitted wardrobe, radiator, door to en-suite En-Suite
Shower cubicle, WC, wash basin, radiator Bedroom Two 14'10 x 12'10
Double glazed window to rear, fitted wardrobe, radiator Bedroom Three 10'10 x 7'8
Double glazed window to rear, fitted wardrobe, radiator Bathroom
Panel bath with shower attachment, WC, wash basin, radiator Outside
The property benefits from a parking space in a secure gated carpark

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Single Let, Norwich, NR1 1WS

£200,000

1 views • 5 months ago • 68 m²

3 Bed House, Single Let, Norwich, NR1 1XR

£350,000

1 views • a year ago • 93 m²

2 Bed Flat, Single Let, Norwich, NR1 1TS

£170,000

1 views • 3 months ago • 75 m²

2 Bed Flat, Single Let, Norwich, NR1 1TS

£170,000

20 days ago • 68 m²

dealsourcr
Deals
Deal SearchSaved SearchesSaved DealsAddress Lookup
Tools
Deal AnalyserRightmove LookupRefurb CalculatorNew Build CalculatorStamp Duty Calculator
Refer a friend. Get £140!My Account