2 Bed Flat, Single Let, Norwich, NR1 1JB, £385,000

Kerrison Road, Norwich, NR1 1JB - 1 views - a year ago

Leasehold
BTL
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£115K - £325K
Sold Prices/m²£1.8K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.7K/m²

Value Estimate

£181,804

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£20,700

Total Cash In

£116,950

 

 

Cash Out

 

Rent Range

£900 - £1,600

Rent Estimate

£938

Running Costs/mo

£1,411

Cashflow/mo

£-473

Cashflow/yr

£-5,673

Gross Yield

3%

Local Sold Prices

50 sold prices from £115K to £325K, average is £150K. £1.8K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£225K12/200 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£147.5K01/210.23 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£168K03/210.25 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£135K02/210.28 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£145K03/240.28 mi86, Scott Road, Norwich, Norfolk NR1 1YR2
£140K01/210.28 mi66, Scott Road, Norwich, Norfolk NR1 1YR2
£152K11/210.28 mi20, Scott Road, Norwich, Norfolk NR1 1YR2
£148K05/210.28 mi84, Scott Road, Norwich, Norfolk NR1 1YR2
£143K05/230.28 mi140, Scott Road, Norwich, Norfolk NR1 1YR2
£144K04/240.28 mi22, Scott Road, Norwich, Norfolk NR1 1YR2
£155K03/230.28 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.28 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.28 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.28 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.28 mi51, Scott Road, Norwich, Norfolk NR1 1YL2
£145K02/230.3 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£325K01/230.31 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£158K02/230.32 mi38, Glendenning Road, Norwich, Norfolk NR1 1YS2
£138.5K12/200.32 mi90, Glendenning Road, Norwich, Norfolk NR1 1YN2
£150K12/230.32 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.32 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.32 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£150K08/230.34 mi39, Glendenning Road, Norwich, Norfolk NR1 1YS2
£270K10/200.35 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£115K03/210.4 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£122K10/210.43 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£160K05/230.45 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£145K07/230.47 mi10, Roseville Close, Norwich, Norfolk NR1 1UX2
£130K03/210.47 mi24, Roseville Close, Norwich, Norfolk NR1 1UX2
£125K01/240.47 mi2, Roseville Close, Norwich, Norfolk NR1 1UX2
£122K04/210.47 mi29, Roseville Close, Norwich, Norfolk NR1 1UX2
£158K08/230.51 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.51 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£225K09/210.54 miFlat 3, Trowse House, Bracondale Millgate, Norwich, Norfolk NR1 2EQ2
£168K05/230.55 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£218K11/200.56 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£190K05/210.58 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£185K08/230.61 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£140K07/210.65 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.65 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.65 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£203K11/200.67 mi1b, Harvey Lane, Norwich, Norfolk NR7 0BG2
£150K10/210.68 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£180K10/210.7 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.7 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£260K11/210.7 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£160K01/240.71 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£140K10/230.71 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£143K01/240.72 mi64, Lakenfields, Norwich, Norfolk NR1 2HA2
£162K04/230.73 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2

Local Rents

51 rents from £900/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,10006/240.05 miCarrow Road, Norwich2
£1,50002/240.09 mi-2
£1,35012/240.1 miGeoffrey Watling Way, Norwich, NR12
£1,20006/240.1 miCanary Quay, NR12
£1,20006/240.1 miCanary Quay, NR12
£1,35012/240.1 miRichard Hawthorn House, NR1 1GS2
£1,40006/240.1 miGeoffrey Watling Way, NORWICH2
£1,60012/240.1 miRichard Hawthorne House, Norwich2
£1,45003/250.1 mi-2
£1,25006/240.11 mi-2
£1,55003/240.11 mi-2
£1,45012/240.11 miSolace, Norwich, NR12
£1,45012/240.11 mi-2
£1,55004/250.11 mi-2
£1,55004/250.11 mi-2
£1,35003/250.12 mi-2
£1,05012/240.13 miRobinson Bank, Norwich, NR1 1GG2
£1,25012/240.14 miLochhead Bank, Norwich2
£1,09512/240.15 miGeoffrey Watling Way, Norwich, Norfolk, NR12
£1,35012/240.15 miLochhead Bank, NR1 1GF2
£1,20010/240.17 mi-2
£1,05006/240.17 miAllison Bank, Geoffrey Watling Way, Norwich2
£1,60006/240.19 miNorwich, NR12
£1,40006/240.2 miCity Centre, Norwich, NR12
£1,30006/240.2 miGeoffrey Watling Way, NORWICH2
£1,10006/240.22 miPaper Mill Yard, King Street, Norwich, NR12
£1,30006/240.22 mi-2
£1,30006/240.22 miPaper Mill Yard, Norwich, NR12
£90002/240.23 mi-2
£1,20012/240.24 mi-2
£1,20012/240.25 miNorwich, NR12
£1,20006/240.25 miBlue Mill, Paper Mill Yard2
£1,20012/240.25 miEastgate House, Thorpe Road, Norwich2
£1,07506/240.26 miFlat 5 Eastgate House, Thorpe Rd, Norwich2
£1,25006/240.26 miThorpe Road, Norwich, 2
£1,35006/240.27 mi-2
£92506/240.27 miScott Road, Norwich, NR12
£1,30004/240.28 mi-2
£1,40006/240.29 miThe Malt House, NR1 2TP2
£1,40006/240.29 miKing Street, Norwich2
£95012/240.29 mi-2
£1,05004/240.29 mi-2
£1,35006/240.31 miNew Ferry Yard2
£1,20006/240.31 miKing Street, Norwich2
£1,30006/240.31 miWherry Road, NORWICH2
£1,35012/240.31 miWherry Road, Norwich, Norfolk, NR12
£1,50012/240.32 mi-2
£1,50012/240.32 miTibbenham House, Norwich, NR12
£1,50004/250.33 mi-2
£1,10006/240.34 mi-2
£1,10012/240.34 mi-2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.53 miles away

Nearest school

0.60 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £385,000

December 4, 2024

Listed for £400,000

March 22, 2024

Floor Plans

Description

  • No Onward Chain +
  • Located In One Of Norwich`s Most Iconic Buildings +
  • Renovated & Upgraded +
  • Kitchen Area With An Italian Marble Island +
  • 261 X 156" Living Area With A Balcony +
  • Two Bedrooms & A Luxury Bathroom +
  • Porcelain Marble Flooring Throughout +
  • Gas Central Heating & Double Glazing +
  • Allocated Parking Space +

Offered with No Onward Chain. This magnificent two- bedroom apartment nestled within one of the City`s most sought-after and iconic buildings, provides a captivating living experience. Originally a mechanical factory housing Lawrence Scott and Electro Motors Ltd, this landmark building underwent a transformative conversion in 2006, emerging as a collection of exquisite loft style apartments and penthouses bathed in copious natural light and featuring lofty ceilings. Fresh to the market this is a chance to acquire a piece of the City`s history. The current vendors purchased this property to have a base in the City when not living in the countryside. Since acquiring it, the apartment has undergone significant renovations and upgradings throughout with wonderful attention to detail dedicated to the Art Deco era and heritage of the building, including bespoke crittall divides with double doors between the reception hall and main living space, further features include an Italian marble island within the kitchen area, porcelain marble flooring throughout and iron mongery. The main living area measures 26`1` x 15`6` with an adjoining 14`9` balcony, there is also a luxury bathroom and as previously mentioned two double bedrooms, The apartment benefits from central heating and is double glazed throughout. Externally there is one allocated parking space.

The Factory is located South East of Norwich close to the River Wensum and is within a ten minute walk of Norwich Train Station with direct trains to London. The football ground and the popular Riverside development with a selection of shops, bars and restaurants are only a short walk away and Riverside walks are part of every day living if you wish them to be. If you are a Norwich City supporter and love live music this is your dream ticket, enjoy the atmosphere relaxing on your balcony with a gin and tonic or glass of fizz.

Communal Front Entrance Door:-
With intercom entry.

Communal Hallway
A large and spacious communal hallway with staircase to the first floor.

Front Entance Door to:-

Entrance Hall
Cupboard housing the gas boiler and metres, spotlights, porcelain marble flooring.

Bedroom 1 - 16'2" (4.93m) x 13'10" (4.22m)
Double glazed aluminium window to the rear with remote control electric blinds, spotlights, porcelain marble flooring.

Bedroom 2 - 15'7" (4.75m) x 10'1" (3.07m)
Double glazed aluminium window to the side, spotlights, porcelain marble flooring.

Bathroom
Freestanding double ended bath, double shower cubicle with Roca attachments, Duravit wash basin with Roca attachments, low level WC, porcelain marble flooring, marble wall tiling, spotlights, extractor fan.

Living Area Incorporating The Kitchen
26`1" (7.95m) x 15`6" (4.72m) plus 8` (2.44m) x 6`1" (1.85m)
Double glazed aluminium French doors to the balcony with remote control electric blinds, porcelain marble flooring. The stunning Kitchen Area is fitted with a range of base and wall units, central island with a marble work surface, inset Neff induction hob two integrated Neff ovens, integrated Bosch dishwasher and washer/dryer, integrated fridge and freezer, inset sink with mixer tap over and water softener.

Walk-In Utility Cupboard - 11'0" (3.35m) x 3'0" (0.91m)
Built in cupboards, porcelain marble flooring.

Balcony - 14'9" (4.5m) x 3'3" (0.99m)

Outside
One allocated parking space within the residents car park to the rear (space no 21).

Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.

Agent Details

Pymm & Co, Norwich

01603 361642

Next Steps?

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