2 Bed Flat, Single Let, Norwich, NR1 3SZ, £180,000

Surrey Street, Norwich, NR1 3SZ - 3 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~68 m²
+2 photos

ValuationOvervalued

Sold Prices£46.3K - £325K
Sold Prices/m²£756/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.6K/m²

Value Estimate

£173,177

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£6,600

Total Cash In

£51,600

 

 

Cash Out

 

Rent Range

£850 - £1,600

Rent Estimate

£931

Running Costs/mo

£769

Cashflow/mo

£162

Cashflow/yr

£1,948

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £46.3K to £325K, average is £169K. £756/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£150K10/210.1 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£168K05/230.2 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£140K07/210.22 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.22 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.22 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£140K10/230.22 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£158K08/230.24 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.24 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£203K09/210.24 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£160K01/240.26 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£185K08/230.27 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£165K10/230.29 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£310K06/210.29 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£138K01/240.29 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£162K04/230.3 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£218K11/200.3 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£150K03/210.31 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£260K11/210.34 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£190K03/230.34 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.34 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.34 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.34 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£147.5K05/210.35 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£162K01/230.36 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£177K07/230.39 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£180K05/230.39 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£170K11/220.4 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£160K05/230.4 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£270K10/200.4 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£325K01/230.43 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£150K12/230.45 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.45 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.45 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£155K11/200.45 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£180K10/210.47 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.47 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£200K04/240.48 mi45, St Albans Road, Norwich, Norfolk NR1 2QX2
£177K04/210.48 mi25, Patricia Road, Norwich, Norfolk NR1 2PE2
£174K11/200.48 mi19, Patricia Road, Norwich, Norfolk NR1 2PE2
£177.5K08/230.48 mi12, Patricia Road, Norwich, Norfolk NR1 2PE2
£143K04/210.5 mi39, Patricia Road, Norwich, Norfolk NR1 2PE2
£128K09/230.51 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£160K12/230.53 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£181K03/210.56 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.56 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£212.5K05/230.56 mi28, Christopher Close, Norwich, Norfolk NR1 2PQ2
£210K10/230.56 mi25, Christopher Close, Norwich, Norfolk NR1 2PQ2
£213.5K02/240.56 mi9, Christopher Close, Norwich, Norfolk NR1 2PQ2
£166K10/210.57 mi18, Ingram Court, Norwich, Norfolk NR1 2PY2
£180K07/230.59 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2

Local Rents

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

RentDateDistanceAddressBeds 
£1,00006/240 miSurrey Street, NORWICH2
£1,10006/240 miSurrey Street, NORWICH2
£1,10006/240 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240 miSentinel House, Surrey Street, NORWICH2
£1,35006/240 miSurrey Street, Norwich, Norfolk, NR12
£1,00006/240 mi2 bedroom property in Surrey Street, Norwich2
£1,27512/240.01 mi-2
£1,25012/240.03 miSurrey Street, Norwich2
£1,35006/240.03 miSentinel House, Norwich, NR12
£1,20012/240.03 miSentinel House, Surrey Street, Norwich2
£1,35002/240.03 mi-2
£1,35006/240.03 mi-2
£1,30012/240.03 mi-2
£1,35012/240.03 mi-2
£1,35012/240.03 mi-2
£1,10006/240.04 miSurrey Street, Norwich2
£1,30012/240.04 miNorwich, NR12
£1,35006/240.04 miSurrey Street, NORWICH2
£1,30012/240.04 miSurrey Street, NORWICH2
£1,35006/240.05 miSurrey Street, Norwich2
£1,25012/240.05 miSentinel House, Norwich, NR12
£1,55012/240.07 mi-2
£1,20012/240.12 miAshby Street, NORWICH2
£1,40002/250.14 mi-2
£97512/240.2 miRegina Road, NR1 3QZ2
£1,60003/240.2 miWestlegate, Norwich2
£95006/240.21 miEmms Court, Norwich2
£97506/240.22 miKingsley Road, Norwich2
£1,00012/240.22 miTrafalgar Street, Norwich2
£1,15012/240.22 miNeedham Place, Norwich2
£1,30001/250.23 mi-2
£1,25005/240.24 mi-2
£1,20002/240.24 mi-2
£1,20012/240.24 mi-2
£1,15001/250.24 mi-2
£1,05003/240.24 miBrazen Gate, Norwich, Norfolk, NR12
£1,20006/240.25 miCity Centre, NR12
£1,20006/240.25 miNeedham Place, Norwich2
£85003/240.25 miWood Street, Norwich, Norfolk, NR12
£95006/240.28 miRouen Road, Norwich, Norfolk, NR12
£95006/240.28 miRouen Road, Norwich, Norfolk, NR12
£1,10012/240.29 miChapelfield Gardens, Norwich2
£1,25012/240.29 miCattle Market Street, NORWICH2
£1,20012/240.29 mi23 Cattle Market Street, NORWICH2
£1,17512/240.29 miChapelfield Gardens, Norwich, 2
£1,25006/240.29 miSt Peters House, Cattlemarket Street, Norwich2
£1,05006/240.3 miScoles Green, Norwich2
£1,20012/240.31 miDrays Yard, NORWICH2
£1,25012/240.31 miGrove Avenue, Norwich2
£1,15012/240.31 miCity Road, Norwich, NR12
£1,25012/240.31 miGrove Avenue, Norwich, Norfolk, NR12

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.18 miles away

Nearest school

0.10 miles away

Nearest train station

0.58 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £180,000

October 24, 2024

Description

  • 405 square foot +

  • NO ONWARD CHAIN! +

  • 24 hour concierge service and gym +

  • Perfect first time buy or investment purchase! +

  • Close to local amenities +

SUMMARY
This spacious TWO BEDROOM THIRD FLOOR APARTMENT offers modern city living with a wealth of amenities right on your door step benefitting from 24 hour concierge service and gym. This is an ideal purchase for buy to let investors or first time buyers. CALL NOW TO NOT MISS OUT!!!!

DESCRIPTION
Welcome to this stunning two-bedroom third-floor apartment, perfectly situated in a vibrant and sought-after location. Spanning an impressive 405 square feet, this apartment offers a blend of comfort and convenience, making it an ideal choice for modern living. The apartment boasts a well-appointed bathroom, a secure underground allocated parking space and is offered with no onward chain, allowing for a smoother transition into your new home.

As a resident, you'll benefit from a tailored concierge service, enhancing your living experience with added peace of mind and support. Exercise enthusiasts will appreciate the 24-hour gym access, providing the flexibility to maintain a fitness routine at any hour. You can easily pursue your daily activities with just a short walk to the nearby bus station and the bustling city centre, where a plethora of shopping, dining, and entertainment options await.

This apartment presents an exceptional opportunity for those seeking a stylish urban lifestyle. Whether you're a young professional or looking to downsize, this charming property offers both modern amenities and unparalleled accessibility to all that the city has to offer. Don't miss the chance to make this fantastic apartment your new home!

Communal Entrance Hall 
Telephone entry system and lift & stairs to all floors.

Entrance Hall 
Door to the front aspect and laminate flooring.

Lounge/Kitchen/Diner 
Large room comprising of a modern fitted kitchen with an array of built in appliances, including fridge/freezer, oven and washing machine, flowing to the light and spacious lounge/dining area. Throughout the lounge/kitchen/diner is laminated flooring and a large double glazed window the rear aspect.

Bedroom  
Smooth ceiling, inset spotlights, radiator and carpeted flooring.

Bathroom 
Fully fitted suite comprising of a walk in shower, vanity wash hand basin, W/C, part tiled walls, tiled flooring and storage cupboard housing hot water system.

Agents Note: 
Measurements and more details to follow

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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