2 Bed Flat, Single Let, Norwich, NR1 3BF, £245,000

51 Chapelfield Gardens, Coburg Street, NR1 3BF - 3 views - 6 months ago

Sold STC
Leasehold
BTL
~68 m²
+16 photos

ValuationOvervalued

Sold Prices£46.3K - £310K
Sold Prices/m²£756/m² - £3.6K/m²

 

 

Square Metres

~68 m²
Price/m²£3.6K/m²

Value Estimate

£167,681

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Total Cash In

£69,800

 

 

Cash Out

 

Rent Range

£850 - £1,600

Rent Estimate

£925

Running Costs/mo

£971

Cashflow/mo

£-46

Cashflow/yr

£-547

Gross Yield

5%

Local Sold Prices

50 sold prices from £46.3K to £310K, average is £165K. £756/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£310K06/210.03 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£190K03/230.15 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.15 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.15 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.15 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£170K11/220.17 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£177K07/230.2 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£155K11/200.2 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£128K09/230.22 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£199.9K12/200.3 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£150K07/230.31 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.31 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£125K03/210.32 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£165K10/230.32 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£181K03/210.33 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.33 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£150K10/210.33 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£200K10/230.34 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.34 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.34 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£150K03/210.34 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£207K01/210.34 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£125K01/240.35 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£180K01/210.36 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£165K09/230.38 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£156.5K08/230.41 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£217.5K03/210.41 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£260K11/210.42 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£160K12/230.43 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£165K03/230.43 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£203K09/210.43 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£185K08/230.43 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£168K05/230.46 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£195K09/230.47 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.47 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£133K08/230.47 mi41, West Pottergate, Norwich, Norfolk NR2 4BN2
£177.5K08/230.47 mi6, West Pottergate, Norwich, Norfolk NR2 4BN2
£140K10/230.48 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£152K09/210.49 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£218K11/200.49 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£143K09/210.49 mi11, Golding Place, Norwich, Norfolk NR2 4BD2
£140K07/210.5 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.5 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.5 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£160K01/240.51 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£158K08/230.52 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.52 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£138K01/240.53 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£164K12/220.53 mi17, Charles Square, Norwich, Norfolk NR2 4BE2
£180K12/200.53 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2

Local Rents

50 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,17512/240.02 miChapelfield Gardens, Norwich, 2
£1,10012/240.03 miChapelfield Gardens, Norwich2
£1,20006/240.1 miNeedham Place, Norwich2
£1,15012/240.11 miNeedham Place, Norwich2
£99501/250.17 mi-2
£1,29501/240.19 mi-2
£1,30005/240.19 mi-2
£95008/240.2 miBethel Street, NORWICH2
£92506/240.21 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,15008/240.22 mi-2
£1,15009/240.22 mi-2
£1,15008/240.22 miVauxhall Street, Norwich, NR22
£97506/240.22 miKingsley Road, Norwich2
£95006/240.22 miThe Pavilion, St Stephens Road, Norwich, NR12
£1,15006/240.22 miSt Stephens Road, NORWICH2
£1,25006/240.22 miThe Pavillion, NR12
£1,20003/240.23 miThe Pavillion, St Stephens Road, Norwich2
£1,50006/240.24 miShibleys Court, Norwich, Norfolk2
£1,19511/240.25 mi-2
£1,60003/240.25 miWestlegate, Norwich2
£85003/240.25 miWood Street, Norwich, Norfolk, NR12
£1,55012/240.26 mi-2
£1,40006/240.26 mi-2
£97507/240.26 miEdward Jodrell Plain, Norwich2
£1,05003/240.26 miSt. Giles Street, Norwich, NR22
£1,15006/240.26 miSt. Giles Street, Norwich, Norfolk, NR22
£1,40010/240.27 mi-2
£1,35008/240.27 miThomas Wyatt Close, Norwich2
£1,30006/240.27 mi-2
£1,35008/240.28 miThomas Wyatt Close, NORWICH2
£97512/240.28 miRegina Road, NR1 3QZ2
£1,20008/240.29 miVantage House, NR2 1EY2
£1,30008/240.29 miVantage House, NR2 1EY2
£1,30008/240.29 miSt Giles Street, Norwich2
£1,60012/240.29 mi-2
£1,10005/240.29 mi-2
£1,15006/240.29 miSt Giles Street, Norwich2
£1,40003/240.29 miCastle Meadow, Norwich, NR22
£1,15007/240.29 miUpper St. Giles Street, NR22
£1,35006/240.3 miSurrey Street, Norwich, Norfolk, NR12
£1,00006/240.3 miSentinel House, Surrey Street, NORWICH2
£1,10006/240.3 miSurrey Street, NORWICH2
£1,10006/240.3 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240.3 miSurrey Street, NORWICH2
£1,27512/240.3 mi-2
£1,00006/240.3 mi2 bedroom property in Surrey Street, Norwich2
£95006/240.3 miBrunswick Road, Norwich2
£1,35006/240.3 miSt Giles Street, Norwich2
£1,25002/250.3 mi-2
£1,25002/250.3 mi-2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.01 miles away

Nearest school

0.10 miles away

Nearest train station

0.76 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £245,000

January 2, 2025

Listed for £250,000

October 18, 2024

Floor Plans

Description

  • Two Bedroom Penthouse +
  • Occupies The Entire Second Floor +
  • Front & Rear Balconies With Excellent Views +
  • Ideal City Centre Location +
  • En-Suite & Family Bathroom +
  • Underground Allocated Parking Space +
  • Gas Heating & Double Glazing +
  • Private Entry With Secure Intercom System +
  • Some Communal Gardens +
  • Lengthy Remaining Lease Of 171 Years +

This spacious penthouse apartment occupies the entire second floor of a small block with just five units. It offers two bedrooms and features balconies at both the front and rear, with the front balcony providing stunning views. The accommodation includes a communal entrance hall with secure intercom access, a private entrance hall, lounge/diner, a fully fitted kitchen, two bedrooms, a bathroom, and an en-suite to the main bedroom. The property benefits from double glazing and gas central heating. Additionally, it comes with one allocated secure parking space in the underground residents' car park, as well as access to communal gardens. Situated on Coburg Street, it's just steps away from a wide range of amenities and a short walk to the picturesque Chapelfield Gardens.

Entrance Hall

Sitting/Dining Room 15'3 x 13'7 (4.66m x 4.15m)

Kitchen 13'7 x 8'9 (4.15m x 2.66m)

Master Bedroom 12'10 x 9' (3.91m x 2.74m)

En-Suite 5'5 x 5'1 (1.65m x 1.54m)

Bedroom Two 11'4 x 6'7 (3.44m x 2.00m)

Family Bathroom 7'6 x 6'7 (2.29m x 2.00m)

Balcony 24' x 7' (7.31m x 2.13m)

Balcony 24' x 4'6 (7.31m x 1.38m)

Chapelfield Gardens is one of the most conveniently located developments in Norwich, offering easy access to a wealth of facilities, shops, and amenities in the heart of the city. The apartment boasts excellent views, including parts of the historic medieval city wall, and is situated near a charming central park featuring a bandstand, from which the development takes its name. The property is ideally positioned for quick access to the South West of Norwich, with key locations such as the University of East Anglia (UEA), Norfolk & Norwich University Hospital, and Norwich Research Park close by.

Norwich city centre is known for its exceptional shopping experience, featuring two indoor malls, a vibrant daily market, and an array of independent and high-street retailers. The city also offers a rich variety of coffee shops, bars, and restaurants, alongside many historic landmarks and a thriving cultural scene that includes multiple theatres and cinemas. With excellent transport links, Norwich benefits from an international airport with connections across the UK and Europe, as well as a direct rail line to London Liverpool Street.

AGENTS NOTE: Lease remaining is 171 years. Service charge is £1525 per 6 months (£3050 per annum). This property has been assessed and issued with a B2 EWS1 CERTIFICATE. The developer has signed the Developer Pledge and the Freeholder has stated that they will fund and proceed with remedial repairs in any event. In addition, the current owner is protected under the Building Safety Act 2022 and this protection will be passed on to the new owner.

IMPORTANT NOTICES

Local Authority: Norwich City Council

Council Tax Band: C

Current EPC rating: D

Property Ladder, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Property Ladder have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
3. These published details should not be considered to be accurate and all information, including but not limited to lease details, boundary information and restrictive covenants have been provided by the sellers. Property Ladder have not physically seen the lease nor the deeds.

Agent Details

Property Ladder, Norwich

01603 361657

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