2 Bed Flat, Single Let, Norwich, NR1 3SD, £280,000

St. Stephens Square, Norwich, NR1 3SD - a year ago

Leasehold
BTL
~73 m²
+14 photos

ValuationOvervalued

Sold Prices£46.3K - £310K
Sold Prices/m²£756/m² - £3.6K/m²

 

 

Square Metres

~72.55 m²
Price/m²£3.9K/m²

Value Estimate

£181,375

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£86,700

 

 

Cash Out

 

Rent Range

£850 - £1,600

Rent Estimate

£916

Running Costs/mo

£1,078

Cashflow/mo

£-162

Cashflow/yr

£-1,946

Gross Yield

4%

Local Sold Prices

50 sold prices from £46.3K to £310K, average is £166.5K. £756/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£310K06/210.12 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£190K03/230.13 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.13 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.13 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.13 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£170K11/220.18 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£177K07/230.18 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£165K10/230.22 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£155K11/200.23 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£150K03/210.25 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£150K10/210.29 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£128K09/230.31 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£203K09/210.33 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£125K03/210.37 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£199.9K12/200.37 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£160K12/230.38 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£140K10/230.39 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£125K01/240.39 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£140K07/210.41 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.41 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.41 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£150K07/230.41 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.41 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£168K05/230.41 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£160K01/240.42 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£185K08/230.42 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£138K01/240.43 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£181K03/210.43 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.43 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£260K11/210.43 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£200K10/230.43 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.43 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.43 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£180K05/230.44 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£207K01/210.44 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£162K04/230.45 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£180K01/210.46 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£158K08/230.46 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.46 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£218K11/200.47 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£165K09/230.48 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£147.5K05/210.49 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£156.5K08/230.51 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£200K04/240.51 mi45, St Albans Road, Norwich, Norfolk NR1 2QX2
£162K01/230.51 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£217.5K03/210.51 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£165K03/230.53 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£195K09/230.55 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.55 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£174K11/200.56 mi19, Patricia Road, Norwich, Norfolk NR1 2PE2

Local Rents

51 rents from £850/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,15012/240 miNeedham Place, Norwich2
£1,20006/240.03 miNeedham Place, Norwich2
£1,17512/240.09 miChapelfield Gardens, Norwich, 2
£1,10012/240.12 miChapelfield Gardens, Norwich2
£97506/240.12 miKingsley Road, Norwich2
£92506/240.15 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,15006/240.15 miSt Stephens Road, NORWICH2
£95006/240.15 miThe Pavilion, St Stephens Road, Norwich, NR12
£85003/240.15 miWood Street, Norwich, Norfolk, NR12
£1,20003/240.16 miThe Pavillion, St Stephens Road, Norwich2
£1,25006/240.17 miThe Pavillion, NR12
£99501/250.17 mi-2
£97512/240.18 miRegina Road, NR1 3QZ2
£1,40010/240.2 mi-2
£1,55012/240.2 mi-2
£1,35008/240.2 miThomas Wyatt Close, Norwich2
£1,30006/240.21 mi-2
£1,35008/240.21 miThomas Wyatt Close, NORWICH2
£1,19511/240.22 mi-2
£97507/240.22 miEdward Jodrell Plain, Norwich2
£1,00006/240.22 miSurrey Street, NORWICH2
£1,10006/240.22 miSurrey Street, NORWICH2
£1,10006/240.22 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240.22 miSentinel House, Surrey Street, NORWICH2
£1,35006/240.22 miSurrey Street, Norwich, Norfolk, NR12
£1,00006/240.23 mi2 bedroom property in Surrey Street, Norwich2
£1,27512/240.23 mi-2
£95006/240.24 miBrunswick Road, Norwich2
£1,35006/240.24 miSurrey Street, NORWICH2
£1,30012/240.24 miSurrey Street, NORWICH2
£1,25012/240.24 miSurrey Street, Norwich2
£1,35006/240.24 miSentinel House, Norwich, NR12
£1,20012/240.24 miSentinel House, Surrey Street, Norwich2
£1,35002/240.24 mi-2
£1,35006/240.24 mi-2
£1,30012/240.24 mi-2
£1,35012/240.24 mi-2
£1,35012/240.24 mi-2
£1,25012/240.24 miGrove Avenue, Norwich2
£1,10006/240.25 miSurrey Street, Norwich2
£1,30012/240.25 miNorwich, NR12
£1,25012/240.25 miGrove Avenue, Norwich, Norfolk, NR12
£1,60003/240.25 miWestlegate, Norwich2
£1,25012/240.26 miSentinel House, Norwich, NR12
£1,35006/240.27 miSurrey Street, Norwich2
£1,30001/250.28 mi-2
£1,20012/240.29 miAshby Street, NORWICH2
£1,25006/240.3 miNewmarket Street, Norwich, NR22
£1,29501/240.3 mi-2
£1,30005/240.3 mi-2
£1,00006/240.3 miTrinity Street, Norwich, Norfolk, NR22

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.10 miles away

Nearest school

0.10 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £280,000

February 16, 2025

Price changed to £290,000

January 31, 2025

Listed for £300,000

April 22, 2024

Floor Plans

Description

  • Guide Price of £280,000 to £300,000 +
  • PARKING SPACE WITH AN ELECTRICITY OUTLET +
  • PRIME CITY CENTRE LOCATION +
  • ENSUITE TO MASTER +
  • TWO SIZEABLE BEDROOMS +
  • ROOF TERRACE +
  • FULLY INTEGRATED APPLIANCES +
  • ALLOCATED PARKING SPACE +
  • UNIQUE ARCHED WINDOWS FILLING THE APARTMENT WITH NATURAL LIGHT +
  • LIFT ACCESS +

Guide Price £280,000 - £300,000 Chain free! A stunning two bedroom apartment in the heart of the city centre with secure allocated parking. A rare chance to acquire a well-presented, two bedroom apartment in a highly desirable block with its own roof terrace. Boasting unique arched windows, an open plan reception room, ensuite to master and access onto the roof terrace. Not to be missed! LOCATION Nestled within the heart of Norwich, Needham Place at St. Stephens Square offers a prime city living experience. Situated in the vibrant NR1 postcode, this address provides convenient access to the city's bustling amenities and cultural attractions. The surrounding area boasts historic charm, with picturesque squares and architecture lining the streets. Residents can enjoy a diverse range of shops, restaurants, and entertainment options within walking distance. Whether strolling along the riverside or exploring the nearby parks, living in this central location offers the perfect blend of city living and leisure. ST. STEPHENS SQUARE Presenting a remarkable two bedroom flat nestled in the heart of the prime city centre location, this immaculate property offers unparallelled city living. Boasting a contemporary design with a touch of sophistication, the apartment features an ensuite to the master bedroom and an additional sizeable bedroom or study, providing ample space for living and entertaining. The unique arched windows flood the interior with natural light, creating a bright and airy ambience throughout. The modern kitchen comes fully equipped with integrated appliances, making meal preparation a breeze and opens up to the living area. A second bathroom boasts a three piece suite with a shower over the bath and a heated towel rail.

Enjoy the luxury of a roof terrace perfect for unwinding after a long day. The property comes chain-free, allowing for a seamless transaction. Furthermore, residents will appreciate the convenience of lift access and the added perk of having a secure allocated parking space with a power supply for hassle-free parking, a rare find in such a central location.

This property beautifully combines style, comfort, and functionality, offering a truly exceptional city living experience. AGENTS NOTE We understand the property will be sold leasehold with 107 years remaining on the lease and connected to mains water, mains electricity and mains drainage. Maintenance fee - £3,573 P/A. Council tax band - C.

EPC Rating: E Disclaimer Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.

Agent Details

Minors & Brady, Unthank Road, Norwich

01603 361808

Next Steps?

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