2 Bed Flat, Single Let, Norwich, NR3 1UA, £160,000

Cavalry Ride, Norwich City, NR3 1UA - 2 views - 6 months ago

Sold STC
Leasehold
BTL
~68 m²
+9 photos

ValuationOvervalued

Sold Prices£110K - £260K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£156,205

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£438 - £1,300

Rent Estimate

£438

Running Costs/mo

£608

Cashflow/mo

£-170

Cashflow/yr

£-2,035

Gross Yield

3%

Local Sold Prices

50 sold prices from £110K to £260K, average is £145K. £1.6K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£210K01/230.01 mi11, Cavalry Ride, Norwich, Norfolk NR3 1UA2
£160K09/230.02 mi90, Mousehold Street, Norwich, Norfolk NR3 1NX2
£110K11/200.08 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£165K02/230.08 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£131.5K08/210.15 mi6, Pockthorpe Gate, Norwich, Norfolk NR3 1TU2
£147.5K12/220.19 mi200, Mousehold Street, Norwich, Norfolk NR3 1PG2
£130K03/210.22 mi129, Lavengro Road, Norwich, Norfolk NR3 4RU2
£142K10/210.24 mi81, Cowgate, Norwich, Norfolk NR3 1TG2
£140.3K09/210.26 mi343, Gertrude Road, Norwich, Norfolk NR3 4RN2
£203K02/230.32 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£190K07/210.32 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£128K07/230.33 mi48, Magdalen Close, Norwich, Norfolk NR3 1NE2
£180K12/220.34 mi26, Blackfriars Street, Norwich, Norfolk NR3 1SF2
£137.8K10/210.36 mi99, Southalls Way, Norwich, Norfolk NR3 4SA2
£140K12/200.37 mi25, Fishergate, Norwich, Norfolk NR3 1SE2
£110K01/210.43 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£200K10/230.45 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£117K01/210.46 mi171, St Leonards Road, Norwich, Norfolk NR1 4JN2
£120K10/200.46 mi215, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.46 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£167.5K04/230.47 mi120, St Leonards Road, Norwich, Norfolk NR1 4JG2
£150K06/230.47 mi106, St Leonards Road, Norwich, Norfolk NR1 4JG2
£236.5K01/230.48 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£190K05/210.51 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£160K10/210.57 mi51, Howard Mews, Norwich, Norfolk NR3 4JU2
£133K11/230.57 mi24, The Erins, Norwich, Norfolk NR3 4JP2
£123K10/210.57 mi20, The Erins, Norwich, Norfolk NR3 4JP2
£127K02/210.57 mi27, The Erins, Norwich, Norfolk NR3 4JP2
£116.8K12/230.57 mi23, The Erins, Norwich, Norfolk NR3 4JP2
£125K03/230.57 mi14, The Erins, Norwich, Norfolk NR3 4JP2
£135K05/210.57 mi14, Howard Mews, Norwich, Norfolk NR3 4JU2
£180K10/210.59 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.59 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£195K09/230.61 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.61 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£142K08/210.63 mi24, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£112K02/210.63 mi21, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£132K02/210.63 mi9, Clare Close, Norwich, Norfolk NR3 1EL2
£145K05/230.64 mi18, Long Row, Norwich, Norfolk NR3 1EN2
£150K10/230.64 mi23, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£137.5K03/210.64 mi6, Long Row, Norwich, Norfolk NR3 1EN2
£122K10/210.65 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£115K03/210.7 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£180K12/200.72 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2
£260K11/210.72 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£150K11/230.75 mi38, Sun Lane, Norwich, Norfolk NR3 3NF2
£153K03/230.77 mi39, Black Horse Opening, Norwich, Norfolk NR3 4EP2
£145K10/230.78 mi35, Millers Lane, Norwich, Norfolk NR3 3LX2
£228K04/210.79 mi15, The Watering, Norwich, Norfolk NR3 3BF2
£162K01/210.79 mi10, The Watering, Norwich, Norfolk NR3 3BF2

Local Rents

48 rents from £438/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90006/240.05 miSt. James Close, Norwich, Norfolk, NR32
£95006/240.07 miAnchor Street, Norwich NR32
£95007/240.12 miCannell Green,Norwich,NR3 1TT2
£1,05006/240.13 miMorley Street, Norwich2
£1,30006/240.14 miTypesetters Way, Printworks Drive, Norwich2
£1,30006/240.14 miTypsetters Way, NR3 1FJ2
£99506/240.15 miSilver Road, Norwich, Norfolk, NR32
£95008/240.15 miSilver Road, Norwich, Norfolk, NR32
£1,25012/240.17 mi-2
£1,25006/240.18 miTypesetters Way, NR32
£1,15008/240.19 miSilver Street, Norwich2
£1,15009/240.19 miSilver Street, Norwich2
£1,15006/240.19 miSilver Street, NR32
£95006/240.19 miSilver Street, Norwich, NR32
£1,30006/240.2 miSt James Quay, Norwich, NR32
£95001/250.2 mi-2
£1,10007/240.22 miWodehouse Street, Norwich, Norfolk, NR32
£87507/240.22 miWodehouse Street, Norwich, NR32
£89506/240.24 miNorth City2
£82506/240.28 miYarn Mews, Norwich2
£1,25004/250.3 mi-2
£1,05006/240.31 miWillis Street, Norwich2
£95008/240.31 miWillis Street, NORWICH2
£1,20007/240.31 miBull Close, NORWICH2
£1,10001/250.31 mi-2
£1,20008/240.32 miSt Martin at Palace Plain2
£1,29507/240.32 mi-2
£1,29405/240.32 mi-2
£1,29404/250.32 mi-2
£1,30006/240.32 miCowgate, Norwich, NR32
£89503/240.33 miRomany Road, Norwich, Norfolk, NR32
£95006/240.33 miRomany Road, Norwich2
£82506/240.33 miKetts Hill, Norwich, NR12
£82506/240.33 miKetts Hill, Norwich, NR12
£1,05006/240.34 miPeacock Street, Norwich, Norfolk, NR32
£90006/240.34 miBull Close Road, NORWICH2
£1,05007/240.34 mi-2
£1,10004/250.34 mi-2
£1,05007/240.34 miSouthalls Way, Norwich, NR32
£1,05007/240.34 miSouthalls Way, Norwich, NR32
£99504/250.34 mi-2
£1,10008/240.35 miMarlborough Road, Norwich, Norfolk, NR32
£43808/240.36 mi-2
£1,15007/240.36 miChurchill Road, Norwich2
£1,25008/240.37 miSt. Olaves Road, Norwich, NR32
£99506/240.37 miKnowsley Road, Norwich2
£97508/240.37 miSouthalls Way, Norwich, NR32
£95007/240.38 miSouthalls Way, Norwich2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.61 miles away

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £160,000

October 11, 2024

Sold for £132,500

2018

Sold for £86,000

2012

Sold for £44,300

2000

Floor Plans

Description

  • First Floor Flat with Balcony +
  • Two Bedrooms +
  • Gas Fired Central Heating +
  • Carpark +
  • Service Charge £521 per year +
  • Norwich City Council - Freeholders +
  • 89 years left on Lease +

Need some space and want to be walking distance to the centre of town plus all the trendy pubs in the NR3 area, then this flat is a great home or perfect for any investor. A spacious flat with TWO BEDROOMS, large lounge measuring over 6.5meters in length, dual aspect windows to bring in the natural light and a BALCONY to enjoy outside living. Near to Mousehold Heath and 10 minutes walk to the centre, this makes for lovely living for many buyers. The flat is elevated and the Norwich Cathedral can be seen, there are lovely open and expansive views for tranquillity and relaxation.

There is a carpark.

Norwich City Council Own the Freehold and the Service Charge is £521 per year. Ground Rent is £10 per year. There are 89 years left on the Lease.

Gas Fired Central Heating. Awaiting Energy Performance Rating. Council Tax B.

Agent Details

Astley & Co, Sprowston

01603 361727

Next Steps?

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