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





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£170,640 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £61,250£61,250 |
Stamp Duty & Legal Fees | £8,550£8,550 |
Total Cash In | £69,800£69,800 |
| |
Cash Out | |
Rent Range | £850 - £1,600£850 - £1,600 |
Rent Estimate | £938 |
Running Costs/mo | £973£973 |
Cashflow/mo | £-35£-35 |
Cashflow/yr | £-423£-423 |
Gross Yield | 5%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.
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£310K | 06/21 | 0.03 mi | 47, Chapel Field East, Norwich, Norfolk NR2 1SF | £3,605 | 86 | 2 | Flat | |
£190K | 03/23 | 0.15 mi | 29, Wessex Street, Norwich, Norfolk NR2 2TJ | - | - | 2 | Flat | |
£92.5K | 12/22 | 0.15 mi | 17, Wessex Street, Norwich, Norfolk NR2 2TJ | £1,595 | 58 | 2 | Flat | |
£200K | 01/23 | 0.15 mi | 7, Wessex Street, Norwich, Norfolk NR2 2TJ | £3,540 | 57 | 2 | Flat | |
£46.3K | 03/21 | 0.15 mi | 39, Wessex Street, Norwich, Norfolk NR2 2TJ | £756 | 61 | 2 | Flat | |
£170K | 11/22 | 0.18 mi | 18, Wessex Street, Norwich, Norfolk NR2 2SP | £2,125 | 80 | 2 | Flat | |
£177K | 07/23 | 0.2 mi | 27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH | £2,855 | 62 | 2 | Flat | |
£155K | 11/20 | 0.2 mi | 24, Norfolk Street, Norwich, Norfolk NR2 2SN | £2,583 | 60 | 2 | Flat | |
£128K | 09/23 | 0.22 mi | 24, Johnson Place, Norwich, Norfolk NR2 2SA | £1,622 | 79 | 2 | Flat | |
£199.9K | 12/20 | 0.31 mi | 8, Woburn Street, Norwich, Norfolk NR2 2RQ | £3,394 | 59 | 2 | Flat | |
£150K | 07/23 | 0.31 mi | 17, Watlings Court, Norwich, Norfolk NR2 1HA | £2,463 | 61 | 2 | Flat | |
£180K | 07/23 | 0.31 mi | 16, Watlings Court, Norwich, Norfolk NR2 1HA | £3,000 | 60 | 2 | Flat | |
£125K | 03/21 | 0.32 mi | 151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS | £2,119 | 59 | 2 | Flat | |
£165K | 10/23 | 0.32 mi | Flat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ | - | - | 2 | Flat | |
£181K | 03/21 | 0.33 mi | Flat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY | - | - | 2 | Flat | |
£181K | 03/21 | 0.33 mi | Flat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY | - | - | 2 | Flat | |
£150K | 10/21 | 0.33 mi | 33, Brooke Place, Norwich, Norfolk NR1 3EX | - | - | 2 | Flat | |
£200K | 10/23 | 0.33 mi | Flat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU | - | - | 2 | Flat | |
£205K | 11/23 | 0.33 mi | Flat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU | - | - | 2 | Flat | |
£215K | 03/23 | 0.33 mi | Flat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU | - | - | 2 | Flat | |
£207K | 01/21 | 0.34 mi | 91, Wellington Lane, Norwich, Norfolk NR2 1HJ | - | - | 2 | Flat | |
£150K | 03/21 | 0.34 mi | The Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD | - | - | 2 | Flat | |
£125K | 01/24 | 0.35 mi | 111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP | £1,873 | 67 | 2 | Flat | |
£180K | 01/21 | 0.36 mi | 4, Three King Lane, Norwich, Norfolk NR2 1TX | £3,051 | 59 | 2 | Flat | |
£165K | 09/23 | 0.38 mi | Flat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA | - | - | 2 | Flat | |
£156.5K | 08/23 | 0.4 mi | 76, Paragon Place, Norwich, Norfolk NR2 4BP | £2,712 | 58 | 2 | Flat | |
£217.5K | 03/21 | 0.41 mi | 7, St Margarets Street, Norwich, Norfolk NR2 4TU | - | - | 2 | Flat | |
£260K | 11/21 | 0.41 mi | 17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ | £2,766 | 94 | 2 | Flat | |
£160K | 12/23 | 0.43 mi | 15, Eagle Walk, Norwich, Norfolk NR2 2JA | £2,222 | 72 | 2 | Flat | |
£165K | 03/23 | 0.43 mi | 66, Paragon Place, Norwich, Norfolk NR2 4BP | - | - | 2 | Flat | |
£185K | 08/23 | 0.43 mi | Flat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ | - | - | 2 | Flat | |
£203K | 09/21 | 0.43 mi | 156, Brazen Gate, Norwich, Norfolk NR1 3SB | £3,274 | 62 | 2 | Flat | |
£168K | 05/23 | 0.46 mi | 31, Horns Lane, Norwich, Norfolk NR1 3ER | £2,545 | 66 | 2 | Flat | |
£195K | 09/23 | 0.47 mi | Flat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT | - | - | 2 | Flat | |
£182K | 09/21 | 0.47 mi | Flat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT | - | - | 2 | Flat | |
£133K | 08/23 | 0.47 mi | 41, West Pottergate, Norwich, Norfolk NR2 4BN | £2,305 | 58 | 2 | Flat | |
£177.5K | 08/23 | 0.47 mi | 6, West Pottergate, Norwich, Norfolk NR2 4BN | £2,399 | 74 | 2 | Flat | |
£140K | 10/23 | 0.48 mi | 36, Trafalgar Street, Norwich, Norfolk NR1 3HN | £2,288 | 61 | 2 | Flat | |
£152K | 09/21 | 0.49 mi | 56, Heigham Grove, Norwich, Norfolk NR2 3DH | £2,485 | 61 | 2 | Flat | |
£218K | 11/20 | 0.49 mi | 5, Maltsters Yard, Norwich, Norfolk NR1 1RQ | £3,633 | 60 | 2 | Flat | |
£143K | 09/21 | 0.49 mi | 11, Golding Place, Norwich, Norfolk NR2 4BD | - | - | 2 | Flat | |
£140K | 07/21 | 0.5 mi | 16, Gordon Square, Norwich, Norfolk NR1 3HJ | £2,419 | 58 | 2 | Flat | |
£132.5K | 07/23 | 0.5 mi | 9, Gordon Square, Norwich, Norfolk NR1 3HJ | - | - | 2 | Flat | |
£138K | 09/21 | 0.5 mi | 23, Gordon Square, Norwich, Norfolk NR1 3HJ | £2,300 | 60 | 2 | Flat | |
£160K | 01/24 | 0.51 mi | 71, Trafalgar Street, Norwich, Norfolk NR1 3HW | £2,540 | 63 | 2 | Flat | |
£158K | 08/23 | 0.52 mi | 26, Mariners Lane, Norwich, Norfolk NR1 3AF | £2,469 | 64 | 2 | Flat | |
£147.5K | 10/21 | 0.52 mi | 42, Mariners Lane, Norwich, Norfolk NR1 3AF | £2,305 | 64 | 2 | Flat | |
£138K | 01/24 | 0.53 mi | 91, Southwell Road, Norwich, Norfolk NR1 3HU | £2,190 | 63 | 2 | Flat | |
£164K | 12/22 | 0.53 mi | 17, Charles Square, Norwich, Norfolk NR2 4BE | £2,343 | 70 | 2 | Flat | |
£180K | 12/20 | 0.53 mi | 18, Unicorn Yard, Norwich, Norfolk NR3 3AL | £2,769 | 65 | 2 | Flat |
Local Rents
50 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,175 | 12/24 | 0.02 mi | Chapelfield Gardens, Norwich, | 2 | Flat | |
£1,100 | 12/24 | 0.03 mi | Chapelfield Gardens, Norwich | 2 | Flat | |
£1,200 | 06/24 | 0.1 mi | Needham Place, Norwich | 2 | Flat | |
£1,150 | 12/24 | 0.11 mi | Needham Place, Norwich | 2 | Flat | |
£995 | 01/25 | 0.17 mi | - | 2 | Flat | |
£1,295 | 01/24 | 0.19 mi | - | 2 | Terraced House | |
£1,300 | 05/24 | 0.19 mi | - | 2 | Terraced House | |
£950 | 08/24 | 0.2 mi | Bethel Street, NORWICH | 2 | Flat | |
£925 | 06/24 | 0.22 mi | The Pavilion, St. Stephens Road, Norwich, Norfolk, NR1 | 2 | Flat | |
£1,150 | 08/24 | 0.22 mi | - | 2 | Flat | |
£1,150 | 09/24 | 0.22 mi | - | 2 | Flat | |
£1,150 | 08/24 | 0.22 mi | Vauxhall Street, Norwich, NR2 | 2 | Flat | |
£975 | 06/24 | 0.22 mi | Kingsley Road, Norwich | 2 | Flat | |
£950 | 06/24 | 0.22 mi | The Pavilion, St Stephens Road, Norwich, NR1 | 2 | Flat | |
£1,150 | 06/24 | 0.22 mi | St Stephens Road, NORWICH | 2 | Flat | |
£1,250 | 06/24 | 0.22 mi | The Pavillion, NR1 | 2 | Flat | |
£1,200 | 03/24 | 0.23 mi | The Pavillion, St Stephens Road, Norwich | 2 | Flat | |
£1,500 | 06/24 | 0.24 mi | Shibleys Court, Norwich, Norfolk | 2 | Flat | |
£1,600 | 03/24 | 0.24 mi | Westlegate, Norwich | 2 | Flat | |
£1,195 | 11/24 | 0.25 mi | - | 2 | Flat | |
£850 | 03/24 | 0.25 mi | Wood Street, Norwich, Norfolk, NR1 | 2 | Flat | |
£1,550 | 12/24 | 0.26 mi | - | 2 | Semi-Detached House | |
£1,400 | 06/24 | 0.26 mi | - | 2 | Flat | |
£1,050 | 03/24 | 0.26 mi | St. Giles Street, Norwich, NR2 | 2 | Flat | |
£1,150 | 06/24 | 0.26 mi | St. Giles Street, Norwich, Norfolk, NR2 | 2 | Flat | |
£975 | 07/24 | 0.26 mi | Edward Jodrell Plain, Norwich | 2 | Flat | |
£1,400 | 10/24 | 0.27 mi | - | 2 | Flat | |
£1,350 | 08/24 | 0.27 mi | Thomas Wyatt Close, Norwich | 2 | House | |
£1,300 | 06/24 | 0.28 mi | - | 2 | Flat | |
£1,350 | 08/24 | 0.28 mi | Thomas Wyatt Close, NORWICH | 2 | Flat | |
£1,200 | 08/24 | 0.28 mi | Vantage House, NR2 1EY | 2 | Flat | |
£1,300 | 08/24 | 0.28 mi | Vantage House, NR2 1EY | 2 | Flat | |
£1,300 | 08/24 | 0.28 mi | St Giles Street, Norwich | 2 | Flat | |
£1,600 | 12/24 | 0.29 mi | - | 2 | Terraced House | |
£975 | 12/24 | 0.29 mi | Regina Road, NR1 3QZ | 2 | Flat | |
£1,100 | 05/24 | 0.29 mi | - | 2 | Flat | |
£1,150 | 06/24 | 0.29 mi | St Giles Street, Norwich | 2 | Flat | |
£1,400 | 03/24 | 0.29 mi | Castle Meadow, Norwich, NR2 | 2 | Flat | |
£1,150 | 07/24 | 0.29 mi | Upper St. Giles Street, NR2 | 2 | Flat | |
£1,350 | 06/24 | 0.29 mi | St Giles Street, Norwich | 2 | Flat | |
£1,350 | 06/24 | 0.3 mi | Surrey Street, Norwich, Norfolk, NR1 | 2 | Flat | |
£1,000 | 06/24 | 0.3 mi | Sentinel House, Surrey Street, NORWICH | 2 | Flat | |
£1,100 | 06/24 | 0.3 mi | Surrey Street, NORWICH | 2 | Flat | |
£1,100 | 06/24 | 0.3 mi | 2 bedroom property in Surrey Street, Norwich | 2 | Flat | |
£1,000 | 06/24 | 0.3 mi | Surrey Street, NORWICH | 2 | Flat | |
£1,275 | 12/24 | 0.3 mi | - | 2 | Flat | |
£1,000 | 06/24 | 0.3 mi | 2 bedroom property in Surrey Street, Norwich | 2 | Flat | |
£950 | 06/24 | 0.3 mi | Brunswick Road, Norwich | 2 | Flat | |
£1,250 | 02/25 | 0.3 mi | - | 2 | Flat | |
£1,250 | 02/25 | 0.3 mi | - | 2 | Flat |
Local Area Statistics
Population in NR1 | 24,54024,540 |
Population in Norwich | 366,887366,887 |
Town centre distance | 1.01 miles away1.01 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.76 miles away0.76 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +39%+39% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +10%+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.
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