2 Bed Flat, Single Let, Norwich, NR10 5LB, £135,000

1 Ormesby Road, Badersfield, Norwich, NR10 5LB - 1 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 6%
97 m²
+11 photos

ValuationUndervalued

Sold Prices£105K - £295K
Sold Prices/m²£1.6K/m² - £2.1K/m²

 

 

Square Metres

97 m²
Price/m²£1.4K/m²

Value Estimate

£164,044
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£725 - £1,200

Rent Estimate

£781

Running Costs/mo

£598

Cashflow/mo

£183

Cashflow/yr

£2,195

ROI

6%

Gross Yield

7%

Local Sold Prices

8 sold prices from £105K to £295K, average is £127K. £1.6K/m² to £2.1K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£133K06/210 mi181, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LB2
£105K07/210 mi186, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LB2
£124K10/210 mi200, Ormesby Road, Raf Coltishall, Norwich, Norfolk NR10 5LB2
£130K12/230 mi186, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LB2
£135.5K04/210 mi177, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LB2
£124K10/210.01 mi200, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5LB2
£115K08/230.11 mi44, Ormesby Road, Badersfield, Norwich, Norfolk NR10 5JY2
£295K10/231.08 miFlat 9, Buxton Mill, The Street, Lamas, Norwich, Norfolk NR10 5AF2

Local Rents

9 rents from £725/mo to £1.2K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£85012/240.12 miOrmesby Road, NR102
£1,10003/250.12 mi-3
£82506/240.21 miCromes Place, Badersfield2
£99503/251.12 mi-2
£72506/241.42 miMill Street, Buxton2
£80002/252.03 mi-1
£1,10011/242.05 mi-2
£85004/242.13 mi-3
£1,20002/242.37 mi-3

Local Area Statistics

Population in NR10

22,761

Population in Norwich

366,887

Town centre distance

8.92 miles away

Nearest school

0.40 miles away

Nearest train station

2.64 miles away

 

 

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £135,000

August 19, 2024

Floor Plans

Description

  • Field Views +

  • One Allocated Parking Space + Visitors Parking +

  • Two Double Bedrooms +

  • Modern Shower Room +

  • Gas Central Heating +

SUMMARY
This well presented two bedroom top floor apartment with allocated parking space and field views is situated in the popular North Norfolk village of Badersfield within short commuting distance of Norwich and the Norfolk Broads!

DESCRIPTION
Situated in the popular North Norfolk village of Badersfield and within walking distance of local shop, public house and public transport links, this top floor apartment would make an ideal first time buy or investment purchase. The property offers accommodation comprising entrance hall, lounge, kitchen/diner, two double bedrooms and shower room. Externally, the property boasts a brick storage shed, one allocated parking space and additional visitors parking is available.

Entrance Hall 
Door to the front aspect, 3 storage cupboards, radiator and carpeted flooring.

Lounge 14' 8" x 10' 11" ( 4.47m x 3.33m )
Double glazed tilt & turn windows to the side and rear aspects with field views, tv and telephone points, radiator and carpeted flooring.

Kitchen/Diner 17' 11" x 11' 7" ( 5.46m x 3.53m )
Fitted kitchen with a range of wall and floor units and work surfaces over, electric oven, gas hob with cooker hood above, plumbing for washing machine, built in fridge freezer, plumbing for washing machine, stainless steel sink drainer, tiled splashbacks, extractor fan, gas central heating boiler, double glazed tilt & turn window to the rear aspect, extractor fan, radiator and laminate flooring.

Bedroom One 14' 8" x 8' 8" ( 4.47m x 2.64m )
Double glazed tilt & turn window to the side aspect with field views, fitted wardrobe, radiator and carpeted flooring,

Bedroom Two 11' 8" x 9' 6" ( 3.56m x 2.90m )
Double glazed Tilt & turn window to the side aspect and field views., fitted wardrobes, radiator and carpeted flooring.

Bathroom 
Suite comprising of shower cubicle with rainfall shower, wash hand basin and WC, part tiled walls, extractor fan, towel rail and vinyl flooring.

Exterior 
The property comes with one allocated parking space and visitors parking is available. There is also an allocated brick storage shed and access to communal gardens and public park.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, North Walsham

01692 660092

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