2 Bed Flat, Single Let, Norwich, NR1 3BF, £245,000

Chapelfield Gardens, Coburg Street, Norwich, NR1 3BF - 1 views - 9 months ago

Sold STC
Leasehold
BTL
~69 m²
+11 photos

ValuationOvervalued

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

 

 

Square Metres

~69.20 m²
Price/m²£3.5K/m²

Value Estimate

£170,640

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Total Cash In

£69,800

 

 

Cash Out

 

Rent Range

£850 - £1,600

Rent Estimate

£938

Running Costs/mo

£973

Cashflow/mo

£-35

Cashflow/yr

£-423

Gross Yield

5%

Local Sold Prices

50 sold prices from £46.3K to £310K, average is £165K. £756/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£310K06/210.03 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£190K03/230.15 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.15 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.15 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.15 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£170K11/220.18 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£177K07/230.2 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£155K11/200.2 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£128K09/230.22 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£199.9K12/200.31 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£150K07/230.31 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.31 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£125K03/210.32 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£165K10/230.32 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£181K03/210.33 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.33 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£150K10/210.33 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£200K10/230.33 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.33 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.33 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£207K01/210.34 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£150K03/210.34 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£125K01/240.35 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£180K01/210.36 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£165K09/230.38 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£156.5K08/230.4 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£217.5K03/210.41 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£260K11/210.41 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£160K12/230.43 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£165K03/230.43 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£185K08/230.43 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£203K09/210.43 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£168K05/230.46 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£195K09/230.47 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.47 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£133K08/230.47 mi41, West Pottergate, Norwich, Norfolk NR2 4BN2
£177.5K08/230.47 mi6, West Pottergate, Norwich, Norfolk NR2 4BN2
£140K10/230.48 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£152K09/210.49 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£218K11/200.49 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£143K09/210.49 mi11, Golding Place, Norwich, Norfolk NR2 4BD2
£140K07/210.5 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.5 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.5 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£160K01/240.51 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£158K08/230.52 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.52 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£138K01/240.53 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£164K12/220.53 mi17, Charles Square, Norwich, Norfolk NR2 4BE2
£180K12/200.53 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2

Local Rents

50 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,17512/240.02 miChapelfield Gardens, Norwich, 2
£1,10012/240.03 miChapelfield Gardens, Norwich2
£1,20006/240.1 miNeedham Place, Norwich2
£1,15012/240.11 miNeedham Place, Norwich2
£99501/250.17 mi-2
£1,29501/240.19 mi-2
£1,30005/240.19 mi-2
£95008/240.2 miBethel Street, NORWICH2
£92506/240.22 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,15008/240.22 mi-2
£1,15009/240.22 mi-2
£1,15008/240.22 miVauxhall Street, Norwich, NR22
£97506/240.22 miKingsley Road, Norwich2
£95006/240.22 miThe Pavilion, St Stephens Road, Norwich, NR12
£1,15006/240.22 miSt Stephens Road, NORWICH2
£1,25006/240.22 miThe Pavillion, NR12
£1,20003/240.23 miThe Pavillion, St Stephens Road, Norwich2
£1,50006/240.24 miShibleys Court, Norwich, Norfolk2
£1,60003/240.24 miWestlegate, Norwich2
£1,19511/240.25 mi-2
£85003/240.25 miWood Street, Norwich, Norfolk, NR12
£1,55012/240.26 mi-2
£1,40006/240.26 mi-2
£1,05003/240.26 miSt. Giles Street, Norwich, NR22
£1,15006/240.26 miSt. Giles Street, Norwich, Norfolk, NR22
£97507/240.26 miEdward Jodrell Plain, Norwich2
£1,40010/240.27 mi-2
£1,35008/240.27 miThomas Wyatt Close, Norwich2
£1,30006/240.28 mi-2
£1,35008/240.28 miThomas Wyatt Close, NORWICH2
£1,20008/240.28 miVantage House, NR2 1EY2
£1,30008/240.28 miVantage House, NR2 1EY2
£1,30008/240.28 miSt Giles Street, Norwich2
£1,60012/240.29 mi-2
£97512/240.29 miRegina Road, NR1 3QZ2
£1,10005/240.29 mi-2
£1,15006/240.29 miSt Giles Street, Norwich2
£1,40003/240.29 miCastle Meadow, Norwich, NR22
£1,15007/240.29 miUpper St. Giles Street, NR22
£1,35006/240.29 miSt Giles Street, Norwich2
£1,35006/240.3 miSurrey Street, Norwich, Norfolk, NR12
£1,00006/240.3 miSentinel House, Surrey Street, NORWICH2
£1,10006/240.3 miSurrey Street, NORWICH2
£1,10006/240.3 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240.3 miSurrey Street, NORWICH2
£1,27512/240.3 mi-2
£1,00006/240.3 mi2 bedroom property in Surrey Street, Norwich2
£95006/240.3 miBrunswick Road, Norwich2
£1,25002/250.3 mi-2
£1,25002/250.3 mi-2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £245,000

July 1, 2024

Floor Plans

Description

  • Two Bedroom Penthouse Apartment Occupying The Entire Second Floor +
  • Balconies To The Front & Rear Providing Stunning Views +
  • En-Suite & Bathroom +
  • Double Glazing +
  • Gas Central Heating +
  • An Ideal Purchase For Professionals +
  • Some Communal Gardens +
  • Within Easy Reach Of A Range Of Facilities +
  • One Allocated Parking Space In The Residents Underground Car Park +

AN IDEAL PURCHASE FOR PROFESSIONALS Occupying the entire second floor in a block of just five apartments, this penthouse two bedroom apartment features balconies at both the front and rear and the front balcony offers stunning views. The accommodation includes a communal entrance hall with secure intercom entry, a private entrance hall, lounge/diner, fitted kitchen, two bedrooms, bathroom and an en-suite to the principal bedroom. The property benefits from double glazing and gas central heating. There is one allocated secure parking space within the underground residents car park and there are some communal gardens. The property is located on Coburg Street, just a stone`s throw from all those amenities the heart desires and a short stroll from the beautiful Chapelfield Gardens.

Chapelfield Gardens is one of the most centrally located developments in the City and within very easy reach of a range of excellent facilities, amenities and shops within Norwich City centre. The apartment has great views which includes sections of the medieval city wall and close to an attractive centrally located park with bandstand, after which the development is named. The property is also well placed for access to amenities on the South West outskirts of Norwich, which include the UEA, Norfolk & Norwich University Hospital and Norwich Research Park. Central Norwich enjoys some of the UK`s best shopping facilities with two indoor malls, a daily market and a wide variety of other shops and stores. There is also an array of coffee shops, bars and restaurants, many historic buildings and a rich cultural life which includes a choice of both theatres and cinemas. The city is well connected with an international airport which offers connections to a range of UK and European destinations, along with a mainline rail service to London Liverpool Street.

Communal front doors to:-
Secure intercom entry.

Communal Entrance Hall
Staircase to the second floor landing, door to:-

Entrance Hall
Oak flooring, doors to the lounge/diner, both bedrooms and bathroom.

Lounge/Diner - 15'7" (4.75m) x 13'7" (4.14m)
Double glazed windows to the front and side with stunning views, double glazed patio doors leading to the balcony, oak flooring, opening to:-

Kitchen - 12'8" (3.86m) x 8'9" (2.67m)
Double glazed windows to the front and side, fitted with a range of base and wall units, work surfaces,breakfast bar, inset one and a half bowl stainless steel sink and drainer with mixer taps over, waste disposal unit, tiled splashbacks, inset four ring induction hob with extractor hood over, electric oven and grill, space for a washing machine, dishwasher and fridge/freezer, wall mounted gas boiler, Karndean flooring.

Bedroom 1 - 11'9" (3.58m) x 9'0" (2.74m)
Double glazed window to the side, double glazed door to the rear balcony, oak flooring, door to:-

En-Suite
Shower cubicle, low level WC, wash basin, spotlights, extractor fan, fully tiled walls, Karndean flooring.

Bedroom 2 - 11'3" (3.43m) x 6'8" (2.03m)
Double glazed window to the side, double glazed door to the balcony, oak flooring.

Bathroom
Double glazed window to the side, panelled bath with mixer shower over, low level WC wash basin, tiled walls, extractor fan, spotlights, chrome heated towel radiator, Karndean flooring.

Outside
A balcony accessible from the lounge/diner has plenty of room for tables and chairs, with far reaching views. There is also a second balcony to the rear, which is accessible from both bedrooms. There is one allocated parking space within the residents car park underneath the main block.

Agents Note
This property has been assessed and issued with a B2 EWS1 CERTIFICATE. The developer has signed the Developer Pledge and the Freeholder has stated that they will fund and proceed with remedial repairs in any event. In addition, the current owner is protected under the Building Safety Act 2022 and this protection will be passed on to the new owner. Details of this scheme can be found at

what3words /// wash.stones.sits

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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