2 Bed Flat, Single Let, Norwich, NR1 1GW, £210,000

Geoffrey Watling Way, Norwich, NR1 1GW - 1 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.1K/m²

Value Estimate

£181,223

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£52,500

Stamp Duty & Legal Fees

£11,700

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,600

Rent Estimate

£1,100

Running Costs/mo

£896

Cashflow/mo

£204

Cashflow/yr

£2,445

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £107.5K to £325K, average is £149K. £1.8K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£225K12/200.17 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£325K01/230.19 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£270K10/200.2 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£150K12/230.24 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.24 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.24 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£160K05/230.27 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£168K03/210.36 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£158K08/230.36 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.36 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K01/210.39 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£168K05/230.42 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£135K02/210.44 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£145K03/240.45 mi86, Scott Road, Norwich, Norfolk NR1 1YR2
£140K01/210.45 mi66, Scott Road, Norwich, Norfolk NR1 1YR2
£152K11/210.45 mi20, Scott Road, Norwich, Norfolk NR1 1YR2
£148K05/210.45 mi84, Scott Road, Norwich, Norfolk NR1 1YR2
£143K05/230.45 mi140, Scott Road, Norwich, Norfolk NR1 1YR2
£144K04/240.45 mi22, Scott Road, Norwich, Norfolk NR1 1YR2
£155K03/230.45 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.45 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.45 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.45 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.45 mi51, Scott Road, Norwich, Norfolk NR1 1YL2
£218K11/200.46 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£145K02/230.46 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£115K03/210.47 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£122K10/210.48 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£140K07/210.48 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.48 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.48 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£158K02/230.49 mi38, Glendenning Road, Norwich, Norfolk NR1 1YS2
£138.5K12/200.5 mi90, Glendenning Road, Norwich, Norfolk NR1 1YN2
£225K09/210.51 miFlat 3, Trowse House, Bracondale Millgate, Norwich, Norfolk NR1 2EQ2
£185K08/230.51 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£150K08/230.51 mi39, Glendenning Road, Norwich, Norfolk NR1 1YS2
£160K01/240.53 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£140K10/230.54 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£150K10/210.54 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£162K04/230.55 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£162K01/230.55 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£143K01/240.58 mi64, Lakenfields, Norwich, Norfolk NR1 2HA2
£147.5K05/210.58 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£138K01/240.59 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£260K11/210.61 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£113K05/210.61 mi34, Sunny Hill, Norwich, Norfolk NR1 2ET2
£125K06/210.61 mi24, Sunny Hill, Norwich, Norfolk NR1 2ET2
£107.5K12/230.61 mi79, Ingram Court, Norwich, Norfolk NR1 2HQ2
£190K05/210.63 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£122K04/210.64 mi29, Roseville Close, Norwich, Norfolk NR1 1UX2

Local Rents

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

RentDateDistanceAddressBeds 
£1,05006/240 miAllison Bank, Geoffrey Watling Way, Norwich2
£1,20010/240.02 mi-2
£1,40006/240.04 miCity Centre, Norwich, NR12
£1,30006/240.05 miGeoffrey Watling Way, NORWICH2
£1,30006/240.05 mi-2
£1,30006/240.05 miPaper Mill Yard, Norwich, NR12
£1,09512/240.05 miGeoffrey Watling Way, Norwich, Norfolk, NR12
£1,35012/240.05 miLochhead Bank, NR1 1GF2
£1,60006/240.05 miNorwich, NR12
£1,10006/240.05 miPaper Mill Yard, King Street, Norwich, NR12
£1,25012/240.05 miLochhead Bank, Norwich2
£1,05012/240.07 miRobinson Bank, Norwich, NR1 1GG2
£1,45012/240.08 mi-2
£1,49504/250.08 mi-2
£1,49504/250.08 mi-2
£1,45012/240.08 miSolace, Norwich, NR12
£1,20012/240.08 miNorwich, NR12
£1,20006/240.08 miBlue Mill, Paper Mill Yard2
£1,20012/240.09 mi-2
£1,45003/250.11 mi-2
£1,35003/250.11 mi-2
£1,40006/240.12 miThe Malt House, NR1 2TP2
£1,55003/240.12 mi-2
£1,40006/240.13 miKing Street, Norwich2
£1,35006/240.15 miNew Ferry Yard2
£1,30004/240.16 mi-2
£1,50004/250.16 mi-2
£1,20006/240.16 miKing Street, Norwich2
£1,20006/240.17 miCanary Quay, NR12
£1,20006/240.17 miCanary Quay, NR12
£1,35012/240.17 miRichard Hawthorn House, NR1 1GS2
£1,40006/240.17 miGeoffrey Watling Way, NORWICH2
£1,60012/240.17 miRichard Hawthorne House, Norwich2
£1,35012/240.17 miGeoffrey Watling Way, Norwich, NR12
£1,10006/240.17 miCarrow Road, Norwich2
£1,50002/240.17 mi-2
£1,30006/240.19 miWherry Road, NORWICH2
£1,35012/240.19 miWherry Road, Norwich, Norfolk, NR12
£1,25006/240.2 miKing Street, NORWICH2
£1,10006/240.24 mi-2
£1,10012/240.24 mi-2
£1,15002/250.24 mi-2
£1,30012/240.24 miNorwich, NR12
£1,10012/240.24 miWherry Road, Norwich2
£1,27009/240.24 mi-2
£1,15012/240.26 mi-2
£1,20012/240.26 mi-2
£1,20012/240.26 mi-2
£1,25006/240.27 mi-2
£1,25012/240.28 miEast Bank, Wherry Road, Norwich, NR12
£1,10012/240.29 mi-2
£1,05006/240.32 miCity Road2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.49 miles away

Nearest school

0.50 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £210,000

March 12, 2025

Listed for £220,000

September 26, 2024

Floor Plans

Description

  • Balcony with river views +
  • Open plan kitchen/ living space +
  • Close to local amenities +
  • Electric underfloor heating +
  • Secure allocated car parking +

SUMMARY
GREAT INVESTMENT!! * Situated in the highly sought after Riverside development is THIS TWO BEDROOM, TWO BATHROOM, FOURTH FLOOR APARTMENT currently rented out at £1,100 pcm. Viewings are highly recommended not to miss out!!!

DESCRIPTION
William H Brown are proud to present THIS TWO BEDROOM, TWO BATHROOM, FOURTH FLOOR APARTMENT close to local amenities and the train station with only a short walk form the city centre. The property itself is currently rented out at £1,100 pcm.

Accommodation comprises of entrance hall, kitchen/ diner/ lounge, bedroom one with ensuite, bedroom two and bathroom.

Viewings are highly recommended not to miss out!!

Entrance Hall 

Kitchen/ Diner/ Lounge 12' 1" x 26' 3" ( 3.68m x 8.00m )
Balcony to rear, window to side, mixer tap, fridge/ freezer, oven, sink unit and induction hob.

Bedroom One 22' 6" x 12' 2" ( 6.86m x 3.71m )
Floor to ceiling window to side, carpeted floor, built in wardrobe and door to ensuite:-

Ensuite 
W/C, shower, extractor fan, tiled flooring and mixer tap.

Bedroom Two 10' 3" x 15' 4" ( 3.12m x 4.67m )
Floor to ceiling window to rear and carpeted floor.

Bathroom 
W/C, wash hand basin, over the top shower, half tiled walls and tiled flooring.

Exterior 
The property has an allocated parking space.

Lease details are currently being compiled. For 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, Norwich

01603 361933

Next Steps?

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