2 Bed Flat, Single Let, Norwich, NR2 1LL, £340,000

32B St. Giles Street, Norwich, NR2 1LL - 6 months ago

Leasehold
BTL
~120 m²
+14 photos

ValuationOvervalued

Sold Prices£46.3K - £310K
Sold Prices/m²£756/m² - £3.9K/m²

 

 

Square Metres

~120 m²
Price/m²£2.8K/m²

Value Estimate

£300,978

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£22,700

Total Cash In

£107,700

 

 

Cash Out

 

Rent Range

£950 - £1,650

Rent Estimate

£950

Running Costs/mo

£1,273

Cashflow/mo

£-322

Cashflow/yr

£-3,870

Gross Yield

3%

Local Sold Prices

50 sold prices from £46.3K to £310K, average is £174.8K. £756/m² to £3.9K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£181K03/210.1 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.1 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£180K01/210.13 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£165K09/230.14 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£217.5K03/210.18 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£150K07/230.19 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.19 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£207K01/210.21 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£310K06/210.23 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£195K09/230.23 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.23 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£200K10/230.24 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.24 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.24 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£128K09/230.24 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£156.5K08/230.28 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£180K12/200.29 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2
£165K03/230.3 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£143K09/210.35 mi11, Golding Place, Norwich, Norfolk NR2 4BD2
£236.5K01/230.36 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£133K08/230.37 mi41, West Pottergate, Norwich, Norfolk NR2 4BN2
£177.5K08/230.37 mi6, West Pottergate, Norwich, Norfolk NR2 4BN2
£260K11/210.37 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£164K12/220.38 mi17, Charles Square, Norwich, Norfolk NR2 4BE2
£199.9K12/200.38 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£155K11/200.38 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£200K10/230.39 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£190K03/230.39 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.39 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.39 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.39 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£170K11/220.39 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£145K01/240.41 mi14, Ely Street, Norwich, Norfolk NR2 4PS2
£140K01/210.42 mi8, Distillery Square, Norwich, Norfolk NR2 4BH2
£135K06/230.42 mi63, Douro Place, Norwich, Norfolk NR2 4BQ2
£145K05/230.42 mi57, Douro Place, Norwich, Norfolk NR2 4BQ2
£125K03/210.42 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£177K07/230.43 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£165K01/230.44 mi102, West Pottergate, Norwich, Norfolk NR2 4BW2
£147K11/230.44 mi101, West Pottergate, Norwich, Norfolk NR2 4BW2
£135K03/230.44 mi83, West Pottergate, Norwich, Norfolk NR2 4BW2
£180K10/210.44 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.44 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£150K10/210.44 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£185K08/230.45 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£125K01/240.45 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£152K09/210.46 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£140K12/200.47 mi25, Fishergate, Norwich, Norfolk NR3 1SE2
£180K12/220.51 mi26, Blackfriars Street, Norwich, Norfolk NR3 1SF2
£218K11/200.51 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2

Local Rents

51 rents from £950/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,40006/240.03 mi-2
£1,30008/240.04 miSt Giles Street, Norwich2
£1,35006/240.05 miSt Giles Street, Norwich2
£1,15006/240.05 miSt Giles Street, Norwich2
£1,20008/240.06 miVantage House, NR2 1EY2
£1,30008/240.06 miVantage House, NR2 1EY2
£1,25002/250.06 mi-2
£1,25002/250.06 mi-2
£1,35006/240.07 miSt Giles Street, Norwich2
£1,20007/240.07 miSt Giles Street, Norwich2
£1,20008/240.07 miSt Giles Street, Norwich2
£1,20008/240.07 miSt Giles Street, Norwich2
£95008/240.07 miBethel Street, NORWICH2
£1,15006/240.08 miSt. Giles Street, Norwich, Norfolk, NR22
£1,05003/240.08 miSt. Giles Street, Norwich, NR22
£1,25010/240.09 mi-2
£1,25010/240.09 mi-2
£1,22501/250.09 mi-2
£95009/240.1 miColman House, Pottergate2
£1,29501/240.11 mi-2
£1,30005/240.11 mi-2
£1,50006/240.12 miShibleys Court, Norwich, Norfolk2
£1,15006/240.13 miUpper St. Giles2
£1,09506/240.16 miAnchor Quay, Norwich, Norfolk, NR32
£1,10005/240.18 mi-2
£1,60012/240.18 mi-2
£1,15007/240.19 miUpper St. Giles Street, NR22
£95006/240.19 miSt Margarets Street, Norwich2
£1,30008/240.19 miSt Margarets Street, Norwich2
£1,10006/240.19 miWatlings Court, Norwich2
£1,10006/240.19 miNorwich, NR22
£1,40003/240.2 miCastle Meadow, Norwich, NR22
£1,00006/240.2 miCopeman Street, Norwich2
£1,10007/240.2 miCopeman Street, Norwich, Norfolk, NR22
£1,40006/240.2 miCastle House, Castle Meadow2
£1,15007/240.2 miCity2
£1,65012/240.21 miCastle Meadow, Norwich2
£1,25008/240.21 miPottergate, NORWICH2
£1,10006/240.21 miWellington Lane, Norwich2
£1,20007/240.21 miWellingtons Lane, Norwich2
£1,10012/240.23 miChapelfield Gardens, Norwich2
£1,10006/240.23 miDuke Street, Norwich, Norfolk, NR32
£1,50002/250.25 mi-2
£1,17512/240.27 miChapelfield Gardens, Norwich, 2
£1,15008/240.27 mi-2
£1,15009/240.27 mi-2
£1,15008/240.27 miVauxhall Street, Norwich, NR22
£95006/240.28 miNorwich2
£1,50007/240.29 miTillyard House, 70-72 St Georges Street, Norwich2
£1,05006/240.29 miNorwich, NR32
£1,60003/240.29 miWestlegate, Norwich2

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

0.76 miles away

Nearest school

0.30 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £340,000

March 4, 2025

Listed for £350,000

October 16, 2024

Floor Plans

Description

  • FIRST FLOOR APARTMENT +
  • TWO DOUBLE BEDROOMS +
  • SUBSTANTIAL PRINCIPLE BEDROOM WITH ENSUITE +
  • SOUGHT AFTER CITY LOCATION +
  • GRADE ll LISTED +
  • WALKING DISTANCE TO AMENITIES +
  • SPACIOUS LIVING/DINING ROOM +
  • OPEN FIREPLACE +

Ideally located within the heart of the City of Norwich, this charming Grade ll listed apartment offers substantial, characterful accommodation to include two bedrooms; one with ensuite, a spacious lounge/diner, kitchen and family bathroom.

Description - A substantial first floor two bedroom apartment ideally positioned within the highly sought after St Giles Street; one of the City's oldest medieval streets in the heart of Norwich, just a short walk to local shops and restaurants. The property offers bright and sizeable accommodation with a welcoming entrance hall, two bedrooms; with the principle bedroom of a fantastic size and featuring an ensuite, kitchen, family bathroom and a wonderfully spacious multi aspect lounge/diner with a charming open fireplace.

Internal Accommodation -

Entrance Hall - Timber framed door to front entrance, carpet flooring, radiator.

Bedroom Two - Double glazed window to rear aspect, carpet flooring, radiator.

Kitchen - Comprising wall and base units with granite worksurface over, inset one and a half stainless steel sink and drainer, four ring gas hob with cooker hood over and fitted oven underneath, space and plumbing for a washing machine, integrated dishwasher and fridge/freezer, vinyl flooring.

Bathroom - Fitted with a three piece suite comprising bath with mains connected shower over, WC, wash hand basin, laminate flooring, extractor fan, shaver charging point, heated towel rail.

Bedroom One - Two double glazed windows to rear aspect, built in walk in wardrobe with shelving units, carpet flooring, two radiators, door to;

Ensuite - Fitted with a three piece suite comprising bath with mixer tap, shower head attachment and mains connected wall mounted shower, WC, wash hand basin, laminate flooring, radiator, extractor fan, shaver charging point.

Living Room - Three double glazed sash windows to front aspect, open fireplace with ceramic hearth and timber mantle over, carpet flooring, three radiators.

Agents Notes - This property is Leasehold with 104 years remaining.
Service charge: £900 PA
Council tax band: C
On road permit parking available.

Agent Details

Arnolds Keys, Norwich

01603 361259

Next Steps?

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