3 Bed Flat, Single Let, Norwich, NR1 1TB, £220,000

Wherry Road, Norwich, NR1 1TB - 4 views - 10 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~93 m²
+17 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£2.4K/m²

Value Estimate

£179,800

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£7,800

Total Cash In

£62,800

 

 

Cash Out

 

Rent Range

£995 - £2,500

Rent Estimate

£996

Running Costs/mo

£907

Cashflow/mo

£89

Cashflow/yr

£1,072

ROI

2%

Gross Yield

5%

Local Sold Prices

24 sold prices from £111K to £435K, average is £160K. £1.5K/m² to £2.8K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£154K06/230.15 mi61, Music House Lane, Norwich, Norfolk NR1 1QN3
£352K01/240.2 mi120a, King Street, Norwich, Norfolk NR1 1QE3
£160K07/210.26 mi5, Kensington Place, Norwich, Norfolk NR1 3JE3
£147K10/230.26 mi13, Kensington Place, Norwich, Norfolk NR1 3JE3
£160K11/200.36 mi63, Hall Road, Norwich, Norfolk NR1 3HL3
£165K08/210.45 mi18, Cherry Close, Norwich, Norfolk NR1 3HR3
£395K08/230.59 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£326K04/210.62 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£284.5K08/230.71 mi55, Chapel Field East, Norwich, Norfolk NR2 1SF3
£133.3K06/210.75 mi126, St Leonards Road, Norwich, Norfolk NR1 4JG3
£145K12/210.77 mi189, St Leonards Road, Norwich, Norfolk NR1 4JN3
£157.5K02/230.8 mi183, St Leonards Road, Norwich, Norfolk NR1 4JN3
£142.5K03/210.8 mi18, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£190K11/210.81 mi3, Water Lane, Norwich, Norfolk NR3 1DD3
£435K04/230.82 mi10, St James Meadow, Norwich, Norfolk NR3 1TR3
£162.5K01/230.82 mi40, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£169.5K11/220.87 mi49, Johnson Place, Norwich, Norfolk NR2 2SA3
£144K05/210.87 mi5, Globe Place, Norwich, Norfolk NR2 2SG3
£170K12/220.9 mi88, Vauxhall Street, Norwich, Norfolk NR2 2SD3
£152K03/210.93 mi31b, Suffolk Square, Norwich, Norfolk NR2 2AA3
£175K04/230.93 mi42, Suffolk Square, Norwich, Norfolk NR2 2AA3
£132.5K04/210.96 mi92, Mousehold Street, Norwich, Norfolk NR3 1NX3
£111K12/200.98 mi6, Heathgate, Norwich, Norfolk NR3 1PQ3
£131K05/211 mi40, Heathgate, Norwich, Norfolk NR3 1PQ3

Local Rents

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

RentDateDistanceAddressBeds 
£1,30006/240.1 miWherry Road, NORWICH3
£1,05006/240.11 miArgyle Street, Norwich, NR13
£1,00006/240.12 miNormandie Tower, Norwich, 3
£1,00012/240.12 miNormandie Tower, Rouen Road, Norwich3
£2,40012/240.13 miKing Street, Norwich3
£1,50001/240.14 mi-3
£99506/240.17 miStuart Road, Norwich3
£1,29512/240.18 miAlan Road, Norwich3
£1,35012/240.2 miKing Street, NORWICH3
£1,89506/240.23 miGeoffrey Watling Way, Norwich, NR13
£1,09005/240.24 mi-3
£1,90012/240.3 miRobinson Bank, NR1 1GG3
£1,60006/240.32 miGeoffrey Watling Way, Norwich NR13
£1,35006/240.35 miCarrow Road, Norwich, NR13
£1,55002/250.36 mi-3
£2,00012/240.36 miFoundry Court, Recorder Road, Norwich, Norfolk, NR13
£2,10001/240.36 mi-3
£2,00006/240.36 mi-3
£2,00012/240.36 mi-3
£2,00012/240.36 mi-3
£2,10006/240.37 miPrince Of Wales Road, NORWICH3
£1,30006/240.38 mi-3
£1,65012/240.39 miCarlyle Road, Norwich, Norfolk, NR13
£1,40012/240.4 miChalk Hill Road, Norwich, 3
£1,25012/240.4 miCricket Ground Road, Norwich3
£1,49512/240.41 miAll Saints Green, Norwich, Norfolk, NR13
£1,40012/240.41 miCedar Road, NORWICH3
£2,00006/240.41 miCity Centre, NR13
£1,19512/240.42 miCedar Road, Norwich, NR13
£1,30006/240.43 miSt. Matthews Road, Norwich, Norfolk, NR13
£99512/240.44 miCarrow Road, Norwich3
£1,69506/240.44 miTibbenha house3
£1,20006/240.47 miMarion Road, Norwich, 3
£1,10006/240.47 miMarion Road, Norwich, Norfolk, NR13
£1,15012/240.49 miThorpe Road3
£2,20006/240.6 miRedwell Street, Norwich3
£2,50007/240.6 miRedwell Street, Norwich3
£1,65007/240.62 miOpposite the Cathedral, Norwich, NR33

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.27 miles away

Nearest school

0.30 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £220,000

May 23, 2024

Floor Plans

Description

  • GUIDE PRICE £220,000-£230,000 +
  • INCREDIBLE FIRST FLOOR RIVERSIDE APARTMENT +
  • CAN BE SOLD TENANTS IN SITU +
  • TOTAL INCOME £16,200 - YIELD 7.3% +
  • PRIME LOCATION WITHIN THE CITY CENTRE +
  • OPEN-PLAN KITCHEN/DINING/LIVING ROOM +
  • THREE BEDROOMS - ONE WITH A PRIVATE ENSUITE +
  • MAIN BATHROOM +
  • TERRACE SUITABLE FOR YOUR OUTDOOR FURNITURE +
  • SECURE GATED CAR PARKING SPACE +

GUIDE PRICE £220,000-£230,000 This three bedroom riverside apartment is a true gem within the city centre, offering a high quality living experience coupled with convenience and practicality. Sitting in a prime location, in close proximity to all local amenities and natural surroundings. Don't miss the opportunity to make this exceptional property your new home. Schedule a viewing today and prepare to be captivated by all that this residence has to offer. LOCATION The property is located within just a short walk from the centre of Norwich, the popular medieval city and the heart of East Anglia. The city provides lively night life, cultural and social activities as well as a great shopping experience. State, Faith and independent schools for all age groups, local shopping facilities, supermarkets, public houses, and a range of parks are all within a close range. Also, within close proximity to the University of East Anglia and the N&N university hospital. SIDESTRAND WHERRY ROAD

Step inside where you are instantly greeted by a welcoming entrance hall, allowing access into all rooms. The open-plan kitchen/dining/living room is filled with an abundance of natural light, perfect for both entertaining guests and relaxing in comfort. Opening onto the decked terrace, suitable for your outdoor furniture, allowing you to enjoy the fresh air and soak up the afternoon sun.

This flat comprises three bedrooms, each designed to offer you relaxation and privacy. The principal bedroom flaunts a private ensuite, adding a luxury yet convenient touch. The main bathroom completes the accommodation, ensuring functional amenities for all residents.

For those with a vehicle, rest assured that this property includes a secure gated car parking space, providing peace of mind and easy access to transportation options. Furthermore, the property is in close proximity to all local amenities, ensuring that everything you need is within reach. Whether it be shopping, dining, or recreational activities, everything is conveniently located to enhance your lifestyle. AGENTS NOTES We understand that this property is leasehold. Current monthly rental income £1350 pm, £16,200 p/a. Yield 7.3%. Service charge - £2,480.47 p/a. Connected to mains water, electricity, gas and drainage. Heating system - Gas central heating. Council Tax Band: C

EPC Rating: B 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?

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