2 Bed Flat, Single Let, Norwich, NR1 3SN, £230,000

21 The Pavillions, Stephenson, Norwich, NR8 5HD - a year ago

Sold STC
Leasehold
BTL
43 m²
+16 photos

ValuationOvervalued

Sold Prices£46.3K - £435K
Sold Prices/m²£756/m² - £4.3K/m²

 

 

Square Metres

42.84 m²
Price/m²£5.4K/m²

Value Estimate

£105,761

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£8,100

Total Cash In

£65,600

 

 

Cash Out

 

Rent Range

£695 - £1,400

Rent Estimate

£734

Running Costs/mo

£886

Cashflow/mo

£-152

Cashflow/yr

£-1,819

Gross Yield

4%

Local Sold Prices

50 sold prices from £46.3K to £435K, average is £163.5K. £756/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£177K07/230.08 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£190K03/230.08 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.08 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.08 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.08 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£170K11/220.11 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£165K10/230.16 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£155K11/200.17 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£150K03/210.17 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£160K12/230.22 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£310K06/210.25 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£125K03/210.3 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£125K01/240.32 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£199.9K12/200.33 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£128K09/230.33 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£203K09/210.34 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£180K05/230.39 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£150K10/210.43 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£140K10/230.43 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£200K04/240.43 mi45, St Albans Road, Norwich, Norfolk NR1 2QX2
£138K01/240.44 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£160K01/240.46 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£150K07/230.47 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.47 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£200K10/230.47 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.47 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.47 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£162K04/230.47 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£140K07/210.48 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.48 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.48 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£207K01/210.5 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£147.5K05/210.5 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£177K04/210.52 mi25, Patricia Road, Norwich, Norfolk NR1 2PE2
£174K11/200.52 mi19, Patricia Road, Norwich, Norfolk NR1 2PE2
£177.5K08/230.52 mi12, Patricia Road, Norwich, Norfolk NR1 2PE2
£162K01/230.53 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£181K03/210.53 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.53 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£143K04/210.54 mi39, Patricia Road, Norwich, Norfolk NR1 2PE2
£168K05/230.55 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£156.5K08/230.55 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£435K01/210.55 mi199a, Unthank Road, Norwich, Norfolk NR2 2PQ2
£180K01/210.55 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£152K09/210.55 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£100K02/210.57 mi52, Park Lane, Norwich, Norfolk NR2 3EF2
£165K03/230.57 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£185K08/230.57 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£158K08/230.58 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.58 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2

Local Rents

50 rents from £695/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25006/240.01 miThe Pavillion, NR12
£1,20003/240.02 miThe Pavillion, St Stephens Road, Norwich2
£95006/240.02 miThe Pavilion, St Stephens Road, Norwich, NR12
£1,15006/240.02 miSt Stephens Road, NORWICH2
£92506/240.03 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,40010/240.05 mi-2
£1,35008/240.06 miThomas Wyatt Close, Norwich2
£1,35008/240.06 miThomas Wyatt Close, NORWICH2
£1,30006/240.06 mi-2
£97507/240.06 miEdward Jodrell Plain, Norwich2
£1,19511/240.08 mi-2
£95006/240.08 miBrunswick Road, Norwich2
£99501/250.11 mi-2
£85003/240.12 miWood Street, Norwich, Norfolk, NR12
£97506/240.13 miKingsley Road, Norwich2
£1,25006/240.14 miNewmarket Street, Norwich, NR22
£1,20006/240.14 miNeedham Place, Norwich2
£1,10008/240.14 miNewmarket Street, Norwich, Norfolk, NR22
£1,20010/240.16 mi-2
£1,15012/240.16 miNeedham Place, Norwich2
£1,10007/240.16 miTrinity Street, Norwich, NR2 2BH2
£1,00006/240.16 miTrinity Street, Norwich, Norfolk, NR22
£97506/240.16 miNorwich2
£1,25012/240.17 miGrove Avenue, Norwich2
£1,25012/240.17 miGrove Avenue, Norwich, Norfolk, NR12
£1,29501/250.18 mi-2
£1,15006/240.18 miSouth City2
£97512/240.19 miRegina Road, NR1 3QZ2
£1,17512/240.2 miChapelfield Gardens, Norwich, 2
£1,35001/250.2 mi-2
£95007/240.23 miNewmarket Street, Norwich, NR22
£1,20008/240.23 miLeicester Street, Norwich, NR22
£1,20006/240.24 miLeicester Street, Norwich, NR22
£1,20009/240.25 miAllens Lane, Norwich, Norfolk, NR22
£1,10012/240.25 miChapelfield Gardens, Norwich2
£1,30001/250.28 mi-2
£97507/240.3 miSomerleyton Gardens, Norwich, NR22
£69506/240.31 miCambridge Court, Cambridge Street, Norwich, NR22
£1,09006/240.31 mi-2
£1,20006/240.31 miAlbert Terrace, Norwich, NR22
£1,20006/240.31 miAlbert Terrace, Norwich, NR22
£1,10006/240.31 miHill Street, Norwich2
£1,10006/240.31 miNewmarket Street, Norwich2
£1,15008/240.31 mi-2
£1,15009/240.31 mi-2
£1,15008/240.31 miVauxhall Street, Norwich, NR22
£1,20009/240.32 miTrinity Court, Norwich, NR22
£1,20002/240.33 mi-2
£1,20012/240.33 mi-2
£1,05003/240.34 miBrazen Gate, Norwich, Norfolk, NR12

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.21 miles away

Nearest school

0.10 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £230,000

April 27, 2024

Floor Plans

Description

  • Executive Apartment +
  • Third Floor +
  • Overlooking The Plain +
  • Two Bedrooms +
  • Generous Open Plan +
  • Ensuite Shower Room +
  • Family Bathroom +
  • Secure Parking +
  • City Centre Location +
  • No Chain +

Welcome to this modern apartment located on St. Stephens Road in the historic city of Norwich. This property boasts a delightful blend of modern living within a historic city conversion.

Upon entering, you are greeted by a spacious communal hallway to the central atrium. Take the stairs or the lift up to the third floor. Through the door at the top to your own apartment entrance. The private hall leads to the open plan living area, perfect for entertaining guests or simply relaxing after a long day. The kitchen is within this space also. The apartment features two double bedrooms, ideal for a small family or those in need of a guest room or home office.

With two bathrooms, mornings will be a breeze in this apartment, ensuring no queues for the shower. The property also offers secure parking for one vehicle, providing peace of mind for those with a car.

Built in 2010, this apartment offers contemporary living spaces within a historic setting. The stunning communal grounds surrounding the property provide a tranquil escape from the hustle and bustle of city life.

Measuring approximately 947 sq ft, this apartment offers ample space for comfortable living. Whether you are a first-time buyer, a small family, or someone looking to downsize, this property caters to a variety of needs.

Don't miss the opportunity to own a piece of history in this vibrant city. Contact us today to arrange a viewing and envision yourself living in this wonderful apartment on St. Stephens Road.

Main Entrance - Access through the main building which has security entrance, through to the atrium. Access through to the rear wing with fob entrance to the block. Take the stairs or the lift to the third floor.

Private Hall - Double cupboard with hot water cylinder, space and plumbing for the washing machine and air filtration system. Security entrance phone, doors to the open plan living area and the kitchen, two bedrooms and the family bathroom.

Open Plan Living/Kitchen - 11.66m max x 4.60m max (38'3 max x 15'1 max) - Sealed unit double glazed windows to the rear overlooking the plain. Electric heater, range of base and wall mounted units, sink, oven, hob and extractor over. Integrated fridge/freezer.

Principal Bedroom - 3.10m x 4.95m (10'2 x 16'3) - Sealed unit double glazed window to the rear overlooking the plain, wall mounted electric heater and door to the ensuite.

Ensuite Shower Room - Shower cubicle, wash hand basin and wc.

Bedroom Two - 3.10m x 3.76m (10'2 x 12'4) - Sealed unit double glazed window to the rear, wall mounted electric heater.

Family Bathroom - Panel bath with screen and shower over, wash hand basin and wc.

Outside - Secure gated parking at the rear for one car. Communal grounds surround this property which are very well kept for your enjoyment.

Agents Note - Ground Rent £350 pa
Service Charge £1935.10
Service Charge reserve fund £110.30

Agent Details

Think Property, Norwich

01603 361893

Next Steps?

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