2 Bed Flat, Single Let, Norwich, NR2 3RF, £270,000

Earlham Road, Norwich, NR2 3RF - 8 months ago

Sold STC
BTL
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£100K - £227.5K
Sold Prices/m²£1.6K/m² - £3.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£162,497

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Rent Range

£850 - £2,900

Rent Estimate

£875

Running Costs/mo

£1,039

Cashflow/mo

£-164

Cashflow/yr

£-1,965

Gross Yield

4%

Local Sold Prices

50 sold prices from £100K to £227.5K, average is £151.5K. £1.6K/m² to £3.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£100K02/210.19 mi52, Park Lane, Norwich, Norfolk NR2 3EF2
£152K09/210.19 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£165K01/230.23 mi102, West Pottergate, Norwich, Norfolk NR2 4BW2
£147K11/230.23 mi101, West Pottergate, Norwich, Norfolk NR2 4BW2
£135K03/230.23 mi83, West Pottergate, Norwich, Norfolk NR2 4BW2
£135K06/230.25 mi63, Douro Place, Norwich, Norfolk NR2 4BQ2
£145K05/230.25 mi57, Douro Place, Norwich, Norfolk NR2 4BQ2
£227.5K08/210.27 mi183a, College Road, Norwich, Norfolk NR2 3JD2
£133K08/230.28 mi41, West Pottergate, Norwich, Norfolk NR2 4BN2
£177.5K08/230.28 mi6, West Pottergate, Norwich, Norfolk NR2 4BN2
£140K01/210.3 mi8, Distillery Square, Norwich, Norfolk NR2 4BH2
£227.5K08/210.31 mi183a, College Road, Norwich, Norfolk NR2 3JD2
£164K12/220.33 mi17, Charles Square, Norwich, Norfolk NR2 4BE2
£143K09/210.33 mi11, Golding Place, Norwich, Norfolk NR2 4BD2
£165K03/230.35 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£129K06/210.35 mi52, Old Palace Road, Norwich, Norfolk NR2 4JQ2
£156.5K08/230.36 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£199.9K12/200.39 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£200K10/230.39 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.39 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.39 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£125K01/240.4 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£140K09/210.41 mi36, Langley Walk, Norwich, Norfolk NR2 4NH2
£125K03/210.42 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£207K01/210.43 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£140K02/210.44 mi11, Russell Street, Norwich, Norfolk NR2 4QT2
£140K04/210.44 mi47, Russell Street, Norwich, Norfolk NR2 4QT2
£150K07/230.45 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.45 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£135K03/210.45 mi110, Old Palace Road, Norwich, Norfolk NR2 4JA2
£151K09/230.45 mi95, Clifton Street, Norwich, Norfolk NR2 4NE2
£153K03/240.45 mi21, Clifton Street, Norwich, Norfolk NR2 4NE2
£128K09/230.46 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£145K01/240.47 mi14, Ely Street, Norwich, Norfolk NR2 4PS2
£135K03/210.47 mi110, Old Palace Road, Norwich, Norfolk NR2 4JA2
£138K12/200.48 mi129, Old Palace Road, Norwich, Norfolk NR2 4JW2
£160K03/230.49 mi8, Clifton Close, Norwich, Norfolk NR2 4JN2
£154K07/230.49 mi16, Clifton Close, Norwich, Norfolk NR2 4JN2
£142K01/210.49 mi19, Clifton Close, Norwich, Norfolk NR2 4JN2
£135K12/200.51 mi5, Goodman Square, Norwich, Norfolk NR2 4LA2
£143.8K02/230.51 mi13, Goodman Square, Norwich, Norfolk NR2 4LA2
£130K01/230.51 mi10, Goodman Square, Norwich, Norfolk NR2 4LA2
£180K01/210.54 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£165K06/230.55 mi5, Holly Drive, Norwich, Norfolk NR2 3UY2
£217.5K03/210.55 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£155K11/200.55 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£153K07/230.55 mi46, Watson Grove, Norwich, Norfolk NR2 4LF2
£181K03/210.57 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.57 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£165K09/230.58 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2

Local Rents

50 rents from £850/mo to £2.9K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,25006/240.05 miPark Lane, Norwich2
£89506/240.07 miAlexandra Road, Norwich, NR22
£97507/240.08 miNorwich2
£2,30006/240.1 mi-2
£1,50006/240.1 miEarlham Road, Norwich2
£90006/240.11 miBelvoir Street, Golden Triangle2
£1,25003/250.14 mi-2
£95007/240.15 mi-2
£95007/240.15 miDenbigh House, Norwich, NR22
£1,05006/240.16 miAlexandra Road, NORWICH2
£1,10003/240.17 miGolden Triangle, NR22
£1,15006/240.17 miGladstone Street, Norwich, NR2 3BJ2
£95006/240.18 miGladstone Street2
£97501/250.18 mi-2
£1,15006/240.18 miCaernarvon Road, Norwich2
£99506/240.2 mi-2
£1,10008/240.2 mi-2
£95002/250.2 mi-2
£99506/240.2 miSt. Philips Road, Norwich, NR22
£1,20007/240.2 miSt. Philips Road, Norwich, NR22
£1,10007/240.2 miSt. Philips Road, Norwich, NR22
£1,25008/240.2 migolden triangle2
£1,30012/240.21 mi-2
£1,14002/250.21 mi-2
£1,32507/240.22 miDenbigh Road, Norwich, Norfolk, NR22
£1,15006/240.22 miWinter Road, NORWICH2
£1,25006/240.23 miSwansea Road, Norwich, NR22
£85002/240.24 mi-2
£1,10007/240.25 miHelena Road, Norwich, Norfolk, NR22
£2,85008/240.25 miDereham Road, Norwich2
£1,20006/240.25 miPembroke Road, NORWICH2
£1,05006/240.25 miCaernarvon Road, Norwich2
£90002/250.26 mi-2
£99505/240.27 mi-2
£1,09506/240.29 miNeville Street, Norwich, NR2 2PR2
£1,09503/250.29 mi-2
£2,90010/240.29 mi-2
£87511/240.3 mi-2
£99504/250.3 mi-2
£95006/240.32 miNorwich2
£1,15007/240.32 miUnthank Road, NR2 2PB2
£87503/240.33 miAdelaide Street, Norwich, Norfolk, NR22
£1,25006/240.33 mi-2
£1,15001/250.33 mi-2
£1,20002/250.33 mi-2
£1,20006/240.34 miUnthank Road, Norwich, NR22
£1,20007/240.34 miUnthank Road, Norwich, NR22
£1,09508/240.34 miUnthank Road, Norwich, Norfolk, NR22
£97509/240.36 mi-2
£97508/240.36 miLivingstone Street, Norwich, NR22

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

0.95 miles away

Nearest school

0.30 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £270,000

August 15, 2024

Floor Plans

Description

  • Spacious Two Double Bedroom Apartment +
  • Walking Distance To City Centre +
  • Recently Fitted Kitchen With Built In Appliances +
  • Recently Fitted Shower Room & En-Suite Bathroom +
  • Sitting Room With French Door To Juliette Balcony +
  • Gas Central Heating +
  • Double Glazing +
  • No Chain +

Nestled in the heart of the Golden Triangle, Norwich, this modern and spacious two- double bedroom apartment within walking distance to the City Centre is a gem waiting to be discovered. Boasting a stylishly designed interior, this purpose-built apartment offers ample space for comfortable living.
Step into the recently fitted kitchen equipped with built-in appliances, perfect for whipping up culinary delights. The modern fitted shower room and en-suite bathroom provide convenience and luxury.
With the added convenience of parking for one vehicle, you can bid farewell to the hassle of searching for a parking spot. The property also comes with the advantage of no onward chain, making the transition to your new home a smooth and straightforward process.
Imagine relaxing in the inviting sitting room that opens up to a charming Juliette balcony, allowing natural light to flood the space and creating a perfect spot for enjoying a morning coffee or unwinding in the evening.

Entrance Hall - Entrance door, telephone entry phone, large storage cupboard and radiator.

Inner Hall - Doors to all rooms.

Sitting Room - 4.87m x 4.15m (15'11" x 13'7") - Double glazed windows to front and side aspect, double glazed French door to Juliette balcony, cornice, ceiling rose and two radiators.

Kitchen - 3.69m x 2.68m (12'1" x 8'9") - Recently fitted modern kitchen comprising wall and base units with wood effect worktop over, panelled and tiled splash back, built in oven, microwave, gas hob and extractor, integrated dishwasher, space for washing machine and fridge (vendor will leave washing machine & fridge) space for American style fridge freezer, gas central heating boiler in wall cupboard, space for table and chairs, feature internal window looking into sitting room and double glazed window to side aspect.

Bedroom - 3.77m plus recess x 3.20m (12'4" plus recess x 10' - Double glazed window to rear aspect, radiator and door to en-suite bathroom.

En-Suite Bathroom - 1.88m x 1.76m (6'2" x 5'9") - Recently fitted modern bathroom suite comprising panel bath with shower over and screen, wash hand basin in vanity unit, low level W.C, extractor fan, spot lights, part tiled walls and towel rail radiator.

Bedroom - 4.49m plus recess x 2.54m (14'8" plus recess x 8'3 - Double glazed window to rear aspect and radiator.

Shower Room - 2.55m x 1.53m max (8'4" x 5'0" max ) - Recently fitted modern shower room comprising corner shower cubicle with inset shower, part panelled walls, wash and basin in vanity unit, low level W.C, ample storage cupboards, tile effect floor, spot lights, extractor fan and vertical towel rail radiator.

Communal Area - The communal hallway has security entry and the apartment can be found on the entrance floor.
Externally there is communal garden to the front and side of the property whilst the rear offers off road parking via an allocated space.

Agents Note - Council Tax Band - C
EPC Rating - B
Share of Freehold - Lease 125 year since 1998. Service charge is approx. £1800 p/a

Agent Details

ClaxtonBird, Norwich

01603 361650

Next Steps?

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