2 Bed Flat, Single Let, Norwich, NR1 1WS, £200,000

Wherry Road, Norwich, NR1 1WS - 5 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£107.5K - £325K
Sold Prices/m²£1.8K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£185,056

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,950

Rent Estimate

£1,098

Running Costs/mo

£865

Cashflow/mo

£233

Cashflow/yr

£2,801

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £107.5K to £325K, average is £151K. £1.8K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£150K12/230.02 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.02 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.02 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£325K01/230.07 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£270K10/200.11 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£158K08/230.23 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.23 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£218K11/200.25 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£168K05/230.26 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£185K08/230.3 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£160K05/230.3 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£225K12/200.31 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£168K03/210.33 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£122K10/210.34 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£115K03/210.37 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£150K10/210.38 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£260K11/210.4 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£180K10/210.43 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.43 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£140K07/210.43 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.43 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.43 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£147.5K01/210.46 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£135K02/210.47 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£190K05/210.48 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£140K10/230.49 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£160K01/240.5 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£145K02/230.5 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£155K03/230.52 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.52 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.52 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.52 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.52 mi51, Scott Road, Norwich, Norfolk NR1 1YL2
£145K03/240.53 mi86, Scott Road, Norwich, Norfolk NR1 1YR2
£140K01/210.53 mi66, Scott Road, Norwich, Norfolk NR1 1YR2
£152K11/210.53 mi20, Scott Road, Norwich, Norfolk NR1 1YR2
£148K05/210.53 mi84, Scott Road, Norwich, Norfolk NR1 1YR2
£143K05/230.53 mi140, Scott Road, Norwich, Norfolk NR1 1YR2
£144K04/240.53 mi22, Scott Road, Norwich, Norfolk NR1 1YR2
£162K04/230.53 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£162K01/230.55 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£138K01/240.56 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£158K02/230.56 mi38, Glendenning Road, Norwich, Norfolk NR1 1YS2
£138.5K12/200.57 mi90, Glendenning Road, Norwich, Norfolk NR1 1YN2
£147.5K05/210.58 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£150K08/230.58 mi39, Glendenning Road, Norwich, Norfolk NR1 1YS2
£203K09/210.59 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£310K06/210.69 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£107.5K12/230.69 mi79, Ingram Court, Norwich, Norfolk NR1 2HQ2
£122K04/210.7 mi29, Roseville Close, Norwich, Norfolk NR1 1UX2

Local Rents

51 rents from £1.1K/mo to £1.9K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10006/240.02 mi-2
£1,10012/240.02 mi-2
£1,15002/250.02 mi-2
£1,30012/240.02 miNorwich, NR12
£1,10012/240.02 miWherry Road, Norwich2
£1,27009/240.03 mi-2
£1,15012/240.06 mi-2
£1,20012/240.06 mi-2
£1,20012/240.06 mi-2
£1,25012/240.06 miEast Bank, Wherry Road, Norwich, NR12
£1,10012/240.07 mi-2
£1,30004/240.07 mi-2
£1,30006/240.07 miWherry Road, NORWICH2
£1,35012/240.07 miWherry Road, Norwich, Norfolk, NR12
£1,25006/240.11 miKing Street, NORWICH2
£1,20006/240.12 miKing Street, Norwich2
£1,35006/240.14 miNew Ferry Yard2
£1,40006/240.15 miKing Street, Norwich2
£1,60006/240.17 miNorwich, NR12
£1,50004/250.17 mi-2
£1,40006/240.17 miThe Malt House, NR1 2TP2
£1,30006/240.17 miGeoffrey Watling Way, NORWICH2
£1,40006/240.17 miCity Centre, Norwich, NR12
£1,20010/240.2 mi-2
£1,19512/240.21 mi-2
£1,05006/240.22 miAllison Bank, Geoffrey Watling Way, Norwich2
£1,30006/240.22 mi-2
£1,30006/240.22 miPaper Mill Yard, Norwich, NR12
£1,15001/250.22 mi-2
£1,20012/240.22 miDrays Yard, NORWICH2
£1,20006/240.22 miLords Gardens, NR1 1FY2
£1,55006/240.22 miLords Gardens, NR1 1FY2
£1,20006/240.22 miLords Gardens, NR1 1FY2
£1,25006/240.22 miLords Gardens, NR1 1FY2
£1,95012/240.22 miLords Gardens, NR1 1FY2
£1,20006/240.22 miCity Centre, NR12
£1,20012/240.24 miNorwich, NR12
£1,20006/240.24 miBlue Mill, Paper Mill Yard2
£1,10006/240.24 miPaper Mill Yard, King Street, Norwich, NR12
£1,25012/240.25 miLower Clarence Road, Norwich2
£1,25005/240.25 mi-2
£1,20006/240.26 miBartholomew Court, NR1 1FT2
£1,15006/240.26 miBartholomew Court, NR1 1FT2
£1,20003/240.26 miBartholomew Court, NR1 1FS2
£1,15003/240.26 miBartholomew Court, NR1 1FS2
£1,15007/220.26 miBartholomew Court, NR1 1FT2
£1,20003/240.26 miBartholomew Court, NR1 1FS2
£1,09512/240.26 miGeoffrey Watling Way, Norwich, Norfolk, NR12
£1,35012/240.26 miLochhead Bank, NR1 1GF2
£1,25012/240.27 miLochhead Bank, Norwich2
£1,10006/240.27 miCarrow Road, Norwich2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.28 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £200,000

March 20, 2025

Price changed to £210,000

January 2, 2025

Listed for £215,000

October 25, 2024

Floor Plans

Description

  • Guide Price: £200,000-£220,000 +
  • Two generously sized double bedrooms +
  • Expansive open-plan lounge and dining area with french doors leading onto a Juliet balcony +
  • Fully integrated kitchen with modern appliances and ample storage +
  • Ensuite shower room, bathroom and WC +
  • Secure entry system for added safety +
  • Double glazing for excellent insulation and noise reduction +
  • Allocated parking space and communal garden access +
  • Sought-after Riverside location with easy access to Norwich Train Station +

Guide Price: £200,000-£220,000. This modern two-bedroom duplex apartment on Wherry Road combines stylish living with a prime location in Norwich’s Riverside area. Spread over two floors, the apartment features a spacious open-plan living area perfect for entertaining, complemented by large double-glazed windows and French doors that lead to a Juliette balcony. The well-appointed kitchen is fully integrated with modern appliances, offering ample counter space and stylish cabinetry. With secure entry, gas central heating, and allocated parking, this property is an exceptional find for anyone seeking comfort and convenience in an urban setting. The Location Wherry Road offers a prime location in Norwich's Riverside area, catering to various demographics. Commuters will benefit from being just a 10-minute walk from Norwich Train Station, ensuring quick access to London and surrounding areas. You will find nearby amenities at Riverside Retail Park, which features popular retailers, a cinema and dining options. The vibrant city centre, less than a mile away, boasts historical sites like Norwich Castle and the bustling Norwich Market, perfect for cultural enthusiasts and food lovers alike. With scenic riverfront views and communal garden spaces, this location provides an escape while remaining connected to the city's energetic lifestyle. Wherry Road This modern and spacious two-bedroom duplex apartment offers an exceptional blend of style, convenience and comfort, making it an ideal investment opportunity or a fabulous home. Set across two floors, this unique property provides the rare advantage of split-level living with bright, open-plan spaces and two generously sized double bedrooms. With secure entry, gas central heating, and double glazing throughout, residents can enjoy the added convenience of allocated parking and a communal garden areas. Upon entry, the ground floor provides a private and restful atmosphere, with two generously sized double bedrooms. The master bedroom features built-in wardrobes, an en-suite shower room, and French doors that open onto a Juliette balcony, allowing natural light and fresh air to flow in. The second bedroom, equally spacious, sits adjacent to a well-equipped main bathroom, complete with a bath and shower. Additionally, there’s a hallway cupboard that houses the gas central heating boiler. Upstairs, the property truly opens up, offering a bright, expansive living space that’s perfect for relaxation and entertaining. The open-plan lounge and dining area boasts large double-glazed windows and additional French doors leading to a Juliette balcony, creating a light-filled and airy atmosphere. This floor also has a convenient cloakroom for guests. The well-appointed kitchen is fully integrated with modern appliances, including a dishwasher, washing machine, and fridge/freezer, and offers plenty of counter space and stylish cabinetry. Agents Note Sold Leasehold. Connected to all mains services. Ground Rent - £75 (6 months) Maintenance - £2000 p/a Disclaimer Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.

Agent Details

Minors & Brady, Unthank Road, Norwich

01603 361808

Next Steps?

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