2 Bed Flat, Single Let, Norwich, NR1 3SN, £220,000





ValuationOvervalued
Sold Prices | £46.3K - £435K |
Sold Prices/m² | £756/m² - £4.3K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £3.2K/m² |
Value Estimate | £167,761£167,761 |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £55,000£55,000 |
Stamp Duty & Legal Fees | £7,800£7,800 |
Total Cash In | £62,800£62,800 |
| |
Cash Out | |
Rent Range | £695 - £1,400£695 - £1,400 |
Rent Estimate | £734 |
Running Costs/mo | £854£854 |
Cashflow/mo | £-120£-120 |
Cashflow/yr | £-1,444£-1,444 |
Gross Yield | 4%4% |
Local Sold Prices
50 sold prices from £46.3K to £435K, average is £163.5K. £756/m² to £4.3K/m², average is £2.5K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£177K | 07/23 | 0.08 mi | 27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH | £2,855 | 62 | 2 | Flat | |
£190K | 03/23 | 0.08 mi | 29, Wessex Street, Norwich, Norfolk NR2 2TJ | - | - | 2 | Flat | |
£92.5K | 12/22 | 0.08 mi | 17, Wessex Street, Norwich, Norfolk NR2 2TJ | £1,595 | 58 | 2 | Flat | |
£200K | 01/23 | 0.08 mi | 7, Wessex Street, Norwich, Norfolk NR2 2TJ | £3,540 | 57 | 2 | Flat | |
£46.3K | 03/21 | 0.08 mi | 39, Wessex Street, Norwich, Norfolk NR2 2TJ | £756 | 61 | 2 | Flat | |
£170K | 11/22 | 0.11 mi | 18, Wessex Street, Norwich, Norfolk NR2 2SP | £2,125 | 80 | 2 | Flat | |
£165K | 10/23 | 0.16 mi | Flat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ | - | - | 2 | Flat | |
£155K | 11/20 | 0.17 mi | 24, Norfolk Street, Norwich, Norfolk NR2 2SN | £2,583 | 60 | 2 | Flat | |
£150K | 03/21 | 0.17 mi | The Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD | - | - | 2 | Flat | |
£160K | 12/23 | 0.21 mi | 15, Eagle Walk, Norwich, Norfolk NR2 2JA | £2,222 | 72 | 2 | Flat | |
£310K | 06/21 | 0.25 mi | 47, Chapel Field East, Norwich, Norfolk NR2 1SF | £3,605 | 86 | 2 | Flat | |
£125K | 03/21 | 0.3 mi | 151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS | £2,119 | 59 | 2 | Flat | |
£125K | 01/24 | 0.32 mi | 111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP | £1,873 | 67 | 2 | Flat | |
£199.9K | 12/20 | 0.33 mi | 8, Woburn Street, Norwich, Norfolk NR2 2RQ | £3,394 | 59 | 2 | Flat | |
£128K | 09/23 | 0.34 mi | 24, Johnson Place, Norwich, Norfolk NR2 2SA | £1,622 | 79 | 2 | Flat | |
£203K | 09/21 | 0.34 mi | 156, Brazen Gate, Norwich, Norfolk NR1 3SB | £3,274 | 62 | 2 | Flat | |
£180K | 05/23 | 0.39 mi | 7, Lady Mary Road, Norwich, Norfolk NR1 2QZ | £2,069 | 87 | 2 | Flat | |
£200K | 04/24 | 0.43 mi | 45, St Albans Road, Norwich, Norfolk NR1 2QX | £2,273 | 88 | 2 | Flat | |
£140K | 10/23 | 0.44 mi | 36, Trafalgar Street, Norwich, Norfolk NR1 3HN | £2,288 | 61 | 2 | Flat | |
£150K | 10/21 | 0.44 mi | 33, Brooke Place, Norwich, Norfolk NR1 3EX | - | - | 2 | Flat | |
£138K | 01/24 | 0.45 mi | 91, Southwell Road, Norwich, Norfolk NR1 3HU | £2,190 | 63 | 2 | Flat | |
£160K | 01/24 | 0.46 mi | 71, Trafalgar Street, Norwich, Norfolk NR1 3HW | £2,540 | 63 | 2 | Flat | |
£150K | 07/23 | 0.47 mi | 17, Watlings Court, Norwich, Norfolk NR2 1HA | £2,463 | 61 | 2 | Flat | |
£180K | 07/23 | 0.47 mi | 16, Watlings Court, Norwich, Norfolk NR2 1HA | £3,000 | 60 | 2 | Flat | |
£162K | 04/23 | 0.48 mi | 14, Southwell Road, Norwich, Norfolk NR1 3HS | £2,613 | 62 | 2 | Flat | |
£200K | 10/23 | 0.48 mi | Flat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU | - | - | 2 | Flat | |
£205K | 11/23 | 0.48 mi | Flat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU | - | - | 2 | Flat | |
£215K | 03/23 | 0.48 mi | Flat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU | - | - | 2 | Flat | |
£140K | 07/21 | 0.48 mi | 16, Gordon Square, Norwich, Norfolk NR1 3HJ | £2,419 | 58 | 2 | Flat | |
£132.5K | 07/23 | 0.48 mi | 9, Gordon Square, Norwich, Norfolk NR1 3HJ | - | - | 2 | Flat | |
£138K | 09/21 | 0.48 mi | 23, Gordon Square, Norwich, Norfolk NR1 3HJ | £2,300 | 60 | 2 | Flat | |
£147.5K | 05/21 | 0.5 mi | 21, Milton Close, Norwich, Norfolk NR1 3HX | £2,500 | 59 | 2 | Flat | |
£207K | 01/21 | 0.5 mi | 91, Wellington Lane, Norwich, Norfolk NR2 1HJ | - | - | 2 | Flat | |
£177K | 04/21 | 0.52 mi | 25, Patricia Road, Norwich, Norfolk NR1 2PE | £2,329 | 76 | 2 | Flat | |
£174K | 11/20 | 0.52 mi | 19, Patricia Road, Norwich, Norfolk NR1 2PE | £2,559 | 68 | 2 | Flat | |
£177.5K | 08/23 | 0.52 mi | 12, Patricia Road, Norwich, Norfolk NR1 2PE | £2,689 | 66 | 2 | Flat | |
£162K | 01/23 | 0.53 mi | 3, Milton Close, Norwich, Norfolk NR1 3HX | £2,909 | 56 | 2 | Flat | |
£181K | 03/21 | 0.53 mi | Flat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY | - | - | 2 | Flat | |
£181K | 03/21 | 0.53 mi | Flat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY | - | - | 2 | Flat | |
£143K | 04/21 | 0.54 mi | 39, Patricia Road, Norwich, Norfolk NR1 2PE | £2,167 | 66 | 2 | Flat | |
£435K | 01/21 | 0.54 mi | 199a, Unthank Road, Norwich, Norfolk NR2 2PQ | £4,343 | 100 | 2 | Flat | |
£156.5K | 08/23 | 0.55 mi | 76, Paragon Place, Norwich, Norfolk NR2 4BP | £2,712 | 58 | 2 | Flat | |
£168K | 05/23 | 0.55 mi | 31, Horns Lane, Norwich, Norfolk NR1 3ER | £2,545 | 66 | 2 | Flat | |
£152K | 09/21 | 0.55 mi | 56, Heigham Grove, Norwich, Norfolk NR2 3DH | £2,485 | 61 | 2 | Flat | |
£180K | 01/21 | 0.55 mi | 4, Three King Lane, Norwich, Norfolk NR2 1TX | £3,051 | 59 | 2 | Flat | |
£100K | 02/21 | 0.57 mi | 52, Park Lane, Norwich, Norfolk NR2 3EF | £1,754 | 57 | 2 | Flat | |
£165K | 03/23 | 0.57 mi | 66, Paragon Place, Norwich, Norfolk NR2 4BP | - | - | 2 | Flat | |
£185K | 08/23 | 0.58 mi | Flat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ | - | - | 2 | Flat | |
£158K | 08/23 | 0.58 mi | 26, Mariners Lane, Norwich, Norfolk NR1 3AF | £2,469 | 64 | 2 | Flat | |
£147.5K | 10/21 | 0.58 mi | 42, Mariners Lane, Norwich, Norfolk NR1 3AF | £2,305 | 64 | 2 | Flat |
Local Rents
50 rents from £695/mo to £1.4K/mo, average is £1.1K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,250 | 06/24 | 0 mi | The Pavillion, NR1 | 2 | Flat | |
£1,200 | 03/24 | 0.02 mi | The Pavillion, St Stephens Road, Norwich | 2 | Flat | |
£950 | 06/24 | 0.03 mi | The Pavilion, St Stephens Road, Norwich, NR1 | 2 | Flat | |
£1,150 | 06/24 | 0.03 mi | St Stephens Road, NORWICH | 2 | Flat | |
£925 | 06/24 | 0.03 mi | The Pavilion, St. Stephens Road, Norwich, Norfolk, NR1 | 2 | Flat | |
£1,400 | 10/24 | 0.05 mi | - | 2 | Flat | |
£1,350 | 08/24 | 0.05 mi | Thomas Wyatt Close, Norwich | 2 | House | |
£1,350 | 08/24 | 0.06 mi | Thomas Wyatt Close, NORWICH | 2 | Flat | |
£1,300 | 06/24 | 0.06 mi | - | 2 | Flat | |
£975 | 07/24 | 0.06 mi | Edward Jodrell Plain, Norwich | 2 | Flat | |
£1,195 | 11/24 | 0.07 mi | - | 2 | Flat | |
£950 | 06/24 | 0.08 mi | Brunswick Road, Norwich | 2 | Flat | |
£995 | 01/25 | 0.11 mi | - | 2 | Flat | |
£850 | 03/24 | 0.12 mi | Wood Street, Norwich, Norfolk, NR1 | 2 | Flat | |
£1,250 | 06/24 | 0.14 mi | Newmarket Street, Norwich, NR2 | 2 | Terraced House | |
£1,100 | 08/24 | 0.14 mi | Newmarket Street, Norwich, Norfolk, NR2 | 2 | Terraced House | |
£975 | 06/24 | 0.14 mi | Kingsley Road, Norwich | 2 | Flat | |
£1,200 | 06/24 | 0.15 mi | Needham Place, Norwich | 2 | Flat | |
£1,200 | 10/24 | 0.15 mi | - | 2 | Terraced House | |
£1,100 | 07/24 | 0.16 mi | Trinity Street, Norwich, NR2 2BH | 2 | Terraced House | |
£1,000 | 06/24 | 0.16 mi | Trinity Street, Norwich, Norfolk, NR2 | 2 | Terraced House | |
£975 | 06/24 | 0.16 mi | Norwich | 2 | Terraced House | |
£1,150 | 12/24 | 0.17 mi | Needham Place, Norwich | 2 | Flat | |
£1,250 | 12/24 | 0.17 mi | Grove Avenue, Norwich | 2 | Terraced House | |
£1,250 | 12/24 | 0.17 mi | Grove Avenue, Norwich, Norfolk, NR1 | 2 | Terraced House | |
£1,295 | 01/25 | 0.17 mi | - | 2 | Terraced House | |
£1,150 | 06/24 | 0.18 mi | South City | 2 | Flat | |
£1,350 | 01/25 | 0.19 mi | - | 2 | Terraced House | |
£975 | 12/24 | 0.19 mi | Regina Road, NR1 3QZ | 2 | Flat | |
£1,175 | 12/24 | 0.2 mi | Chapelfield Gardens, Norwich, | 2 | Flat | |
£950 | 07/24 | 0.23 mi | Newmarket Street, Norwich, NR2 | 2 | Terraced House | |
£1,200 | 08/24 | 0.23 mi | Leicester Street, Norwich, NR2 | 2 | Terraced House | |
£1,200 | 06/24 | 0.24 mi | Leicester Street, Norwich, NR2 | 2 | Terraced House | |
£1,200 | 09/24 | 0.24 mi | Allens Lane, Norwich, Norfolk, NR2 | 2 | Terraced House | |
£1,100 | 12/24 | 0.25 mi | Chapelfield Gardens, Norwich | 2 | Flat | |
£1,300 | 01/25 | 0.28 mi | - | 2 | Terraced House | |
£1,090 | 06/24 | 0.3 mi | - | 2 | Terraced House | |
£975 | 07/24 | 0.3 mi | Somerleyton Gardens, Norwich, NR2 | 2 | Flat | |
£695 | 06/24 | 0.3 mi | Cambridge Court, Cambridge Street, Norwich, NR2 | 2 | Flat | |
£1,200 | 06/24 | 0.3 mi | Albert Terrace, Norwich, NR2 | 2 | Terraced House | |
£1,200 | 06/24 | 0.3 mi | Albert Terrace, Norwich, NR2 | 2 | Terraced House | |
£1,100 | 06/24 | 0.3 mi | Hill Street, Norwich | 2 | Terraced House | |
£1,100 | 06/24 | 0.31 mi | Newmarket Street, Norwich | 2 | Flat | |
£1,150 | 08/24 | 0.31 mi | - | 2 | Flat | |
£1,150 | 09/24 | 0.31 mi | - | 2 | Flat | |
£1,150 | 08/24 | 0.31 mi | Vauxhall Street, Norwich, NR2 | 2 | Flat | |
£1,200 | 09/24 | 0.32 mi | Trinity Court, Norwich, NR2 | 2 | Flat | |
£1,200 | 02/24 | 0.33 mi | - | 2 | Flat | |
£1,200 | 12/24 | 0.33 mi | - | 2 | Flat | |
£1,050 | 03/24 | 0.34 mi | Brazen Gate, Norwich, Norfolk, NR1 | 2 | Flat |
Local Area Statistics
Population in NR1 | 24,54024,540 |
Population in Norwich | 366,887366,887 |
Town centre distance | 1.22 miles away1.22 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.91 miles away0.91 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +39%+39% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +10%+10% |
Property History
Listed for £220,000
October 23, 2024
Floor Plans

Description
- Well-presented third floor leasehold apartment, part of the former Norfolk and Norwich Hospital +
- An ideal investment or first time buy within a conservation area, offered chain free! +
- Modern open plan living area with a contemporary fitted kitchen and integrated appliances +
- Private balcony offering stunning views of Norwich’s historic clock tower +
- 2 double bedrooms, with the main bedroom featuring an en-suite and a built-in wardrobe +
- Contemporary shower room, alongside the en-suite in the main bedroom +
- Electric heating with a Megaflow hot water system +
- Secure fob entry system, lift to all floors and allocated underground parking space +
- Communal gardens surround the building including a scenic nature pond +
- Conveniently located for the city centre, amenities and transport links +
SUMMARY Set back from the road within the stunning, historic and sympathetically converted former Norfolk and Norwich hospital this 2 bedroom, third floor, leasehold apartment is offered with No Onward Chain. The heart of the home is the open plan living space with a private balcony enjoying scenic views over Norwich, whilst an allocated parking space and communal grounds complete the package, creating an exceptional opportunity for first time buyers or investors - do not miss out!
OUTSIDE This third floor apartment is located within The Pavilion, a prestigious and highly sought-after development that once housed the former Norfolk and Norwich Hospital. Positioned on St. Stephens Road, right in the heart of Norwich city centre, the property enjoys a prime location within this beautifully converted building. For added convenience, the apartment includes an allocated parking space in the shared underground car park, ensuring hassle-free parking in a central location. Located close to Norwich's vibrant city centre, shops, cafes and historical landmarks, this apartment offers the perfect combination of modern living and convenience.
AGENTS NOTE We have been advised by the Seller that the property is Leasehold with 108 years remaining on the Lease from 1st January 2025. A fixed maintenance charge in relation to a budget of approx. £2,402 per annum applies which includes service charges, ground rent, buildings insurance and water bill. An additional charge of £165.42 this year for works to be completed in the car park.
Please be advised that there is a Tree Preservation Order at the property (TPO 324), Norfolk and Norwich Hospital, St Stephens Road, Norwich.
DIRECTIONS From St Stephen's roundabout, head away from the city centre via St Stephen's Road. As the road forks at the traffic lights, the property can be found on the right-hand side, as part of the former Norfolk and Norwich Hospital. The apartment is located on the third floor with stair and lift access.
LOCAL AUTHORITY Norwich
COUNCIL TAX BAND C
We offer a professional, ARLA accredited Lettings and Management Service via our affiliated agency, Habi Lettings. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free, no obligation review of your current portfolio then please contact the office to discuss this further.
DISCLAIMER While we have made diligent efforts to ensure the accuracy of the information relating to each property at the point of listing, you are advised to consult the official local council website for details on conservation areas, flood risks, tree preservation orders, planning applications, and other relevant aspects. These details are for guidance purposes only and we do not seek advice from the seller's legal representative in their preparation. We also strongly advise that you inspect the property and surrounding area on Google Maps and Street View prior to viewing. The photographs do not infer that items shown are included in the sale, the measurements quoted are approximate and the fixtures, fittings and appliances have not been tested, therefore no guarantee can be given that they are in working order. If there is any point which is of particular importance to you then please obtain professional confirmation of it.
Should you wish to view one of our properties, we will require certain pieces of personal information from you in order to provide a professional service to you and our client, the seller. The personal information you provide to us will be shared with the seller, but it will not be shared with any other third parties without your consent.
Should you wish to proceed and make an offer on a property, some of the personal information you provide to us will be passed to the seller. Again, it will not be shared with any other third parties without your consent.
More information on how we hold and process your data is available upon request or on our website.
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