2 Bed Flat, Single Let, Norwich, NR1 1GW, £200,000

Norwich, NR1 1GW - 1 views - 10 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+6 photos

ValuationOvervalued

Sold Prices£107.5K - £325K
Sold Prices/m²£1.8K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£184,318

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,600

Rent Estimate

£1,050

Running Costs/mo

£855

Cashflow/mo

£195

Cashflow/yr

£2,340

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £107.5K to £325K, average is £151K. £1.8K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£325K01/230.14 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£270K10/200.16 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£150K12/230.19 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.19 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.19 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£225K12/200.19 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£160K05/230.27 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£158K08/230.32 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.32 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£168K03/210.34 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£168K05/230.37 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£147.5K01/210.4 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£218K11/200.41 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£135K02/210.44 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£115K03/210.44 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£122K10/210.44 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£155K03/230.46 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.46 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.46 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.46 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.46 mi51, Scott Road, Norwich, Norfolk NR1 1YL2
£185K08/230.46 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£145K03/240.46 mi86, Scott Road, Norwich, Norfolk NR1 1YR2
£140K01/210.46 mi66, Scott Road, Norwich, Norfolk NR1 1YR2
£152K11/210.46 mi20, Scott Road, Norwich, Norfolk NR1 1YR2
£148K05/210.46 mi84, Scott Road, Norwich, Norfolk NR1 1YR2
£143K05/230.46 mi140, Scott Road, Norwich, Norfolk NR1 1YR2
£144K04/240.46 mi22, Scott Road, Norwich, Norfolk NR1 1YR2
£140K07/210.46 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.46 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.46 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£145K02/230.46 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£158K02/230.5 mi38, Glendenning Road, Norwich, Norfolk NR1 1YS2
£150K10/210.5 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£138.5K12/200.51 mi90, Glendenning Road, Norwich, Norfolk NR1 1YN2
£160K01/240.52 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£150K08/230.52 mi39, Glendenning Road, Norwich, Norfolk NR1 1YS2
£140K10/230.52 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£162K04/230.54 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£162K01/230.55 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£225K09/210.55 miFlat 3, Trowse House, Bracondale Millgate, Norwich, Norfolk NR1 2EQ2
£260K11/210.56 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£138K01/240.57 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£147.5K05/210.57 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£190K05/210.59 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£180K10/210.59 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.59 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£143K01/240.6 mi64, Lakenfields, Norwich, Norfolk NR1 2HA2
£107.5K12/230.63 mi79, Ingram Court, Norwich, Norfolk NR1 2HQ2
£203K09/210.63 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2

Local Rents

52 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,60006/240 miNorwich, NR12
£1,40006/240.01 miCity Centre, Norwich, NR12
£1,30006/240.01 miGeoffrey Watling Way, NORWICH2
£1,20010/240.03 mi-2
£1,05006/240.05 miAllison Bank, Geoffrey Watling Way, Norwich2
£1,30006/240.07 mi-2
£1,30006/240.07 miPaper Mill Yard, Norwich, NR12
£1,10006/240.09 miPaper Mill Yard, King Street, Norwich, NR12
£1,40006/240.1 miKing Street, Norwich2
£1,40006/240.1 miThe Malt House, NR1 2TP2
£1,09512/240.1 miGeoffrey Watling Way, Norwich, Norfolk, NR12
£1,35012/240.1 miLochhead Bank, NR1 1GF2
£1,20012/240.1 miNorwich, NR12
£1,25012/240.1 miLochhead Bank, Norwich2
£1,20006/240.1 miBlue Mill, Paper Mill Yard2
£1,30004/240.11 mi-2
£1,05012/240.11 miRobinson Bank, Norwich, NR1 1GG2
£1,35006/240.11 miNew Ferry Yard2
£1,45012/240.11 mi-2
£1,49504/250.11 mi-2
£1,49504/250.11 mi-2
£1,45012/240.11 miSolace, Norwich, NR12
£1,20012/240.12 mi-2
£1,20006/240.12 miKing Street, Norwich2
£1,50004/250.13 mi-2
£1,30006/240.14 miWherry Road, NORWICH2
£1,35012/240.14 miWherry Road, Norwich, Norfolk, NR12
£1,45003/250.15 mi-2
£1,35003/250.16 mi-2
£1,25006/240.16 miKing Street, NORWICH2
£1,55003/240.17 mi-2
£1,10006/240.18 miCarrow Road, Norwich2
£1,10006/240.19 mi-2
£1,10012/240.19 mi-2
£1,15002/250.19 mi-2
£1,30012/240.19 miNorwich, NR12
£1,10012/240.19 miWherry Road, Norwich2
£1,27009/240.19 mi-2
£1,35012/240.2 miGeoffrey Watling Way, Norwich, NR12
£1,20006/240.21 miCanary Quay, NR12
£1,20006/240.21 miCanary Quay, NR12
£1,35012/240.21 miRichard Hawthorn House, NR1 1GS2
£1,40006/240.21 miGeoffrey Watling Way, NORWICH2
£1,60012/240.21 miRichard Hawthorne House, Norwich2
£1,15012/240.21 mi-2
£1,20012/240.21 mi-2
£1,20012/240.21 mi-2
£1,50002/240.21 mi-2
£1,25012/240.23 miEast Bank, Wherry Road, Norwich, NR12
£1,10012/240.24 mi-2
£1,25006/240.28 mi-2
£1,05006/240.3 miCity Road2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.44 miles away

Nearest school

0.50 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £200,000

January 27, 2025

Price changed to £205,000

January 15, 2025

Price changed to £210,000

December 4, 2024

Listed for £215,000

June 29, 2024

Floor Plans

Description

  • Luxury apartment +
  • Popular Riverside Development +
  • Spacious living space +
  • Modern Kitchen +
  • Two Double Bedrooms +
  • Master en suite +
  • Family bathroom +
  • Secure parking +

abbot Fox presents a modern luxury apartment within easy reach of the Centre and the Norwich train station. This property boasts two double bedrooms, modern fitted kitchen, spacious sitting room, three piece family bathroom and master en suite. The property benefits from a large balcony with partial river views and has recently been fully renovated. An internal viewing comes highly recommended.

The historic City Centre of Norwich is a vibrant place to live. Offering an exciting nightlife and a variety of amenities such as; shops, cafes, restaurants, two popular shopping malls, recreational areas, public houses, a busy market place, doctor and dental surgeries, beauty salons and boutique shopping in the numerous lanes and cobbled streets with the two magnificent cathedrals and dominant castle providing a wealth of history dating back to the Norman times. All levels of schools are within walking distance including private, college and university level education. Travelling is a breeze through the many transport links Norwich has to offer, including trains to London Liverpool Street, Cambridge, Nottingham and the beautiful Norfolk Coast Line. A variety of bus routes makes travelling to all areas outside of the City easy and convenient for all and the popular Norwich Car Club offers an alternative to public transport giving even more freedom of travel to Norwich's residents. To the north of the City is the Norwich International Airport providing transportation to a variety of destinations outside of the UK.

Guide price £205,000-£210,000

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

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