2 Bed Flat, Single Let, Norwich, NR1 3SG, £225,000

St. Stephens Road, Norwich, NR1 3SG - 2 views - 5 months ago

Leasehold
BTL
~68 m²
+12 photos

ValuationOvervalued

Sold Prices£46.3K - £435K
Sold Prices/m²£756/m² - £4.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.3K/m²

Value Estimate

£169,247

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Total Cash In

£64,200

 

 

Cash Out

 

Rent Range

£695 - £1,400

Rent Estimate

£888

Running Costs/mo

£901

Cashflow/mo

£-13

Cashflow/yr

£-153

Gross Yield

5%

Local Sold Prices

50 sold prices from £46.3K to £435K, average is £166.5K. £756/m² to £4.3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£177K07/230.1 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£190K03/230.11 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.11 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.11 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.11 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£165K10/230.13 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£170K11/220.13 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£150K03/210.15 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£155K11/200.2 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£160K12/230.2 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£310K06/210.27 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£203K09/210.32 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£125K03/210.33 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£125K01/240.34 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£199.9K12/200.36 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£180K05/230.36 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£128K09/230.36 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£200K04/240.41 mi45, St Albans Road, Norwich, Norfolk NR1 2QX2
£140K10/230.42 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£138K01/240.42 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£150K10/210.43 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£160K01/240.44 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£162K04/230.46 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£140K07/210.46 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.46 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.46 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£147.5K05/210.48 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£177K04/210.49 mi25, Patricia Road, Norwich, Norfolk NR1 2PE2
£174K11/200.49 mi19, Patricia Road, Norwich, Norfolk NR1 2PE2
£177.5K08/230.49 mi12, Patricia Road, Norwich, Norfolk NR1 2PE2
£150K07/230.5 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.5 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£200K10/230.5 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.5 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.5 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£162K01/230.51 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£143K04/210.51 mi39, Patricia Road, Norwich, Norfolk NR1 2PE2
£207K01/210.53 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£168K05/230.54 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£435K01/210.55 mi199a, Unthank Road, Norwich, Norfolk NR2 2PQ2
£181K03/210.56 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.56 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£212.5K05/230.57 mi28, Christopher Close, Norwich, Norfolk NR1 2PQ2
£210K10/230.57 mi25, Christopher Close, Norwich, Norfolk NR1 2PQ2
£213.5K02/240.57 mi9, Christopher Close, Norwich, Norfolk NR1 2PQ2
£158K08/230.57 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.57 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£156.5K08/230.58 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£152K09/210.58 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£180K01/210.58 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2

Local Rents

50 rents from £695/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,20003/240.02 miThe Pavillion, St Stephens Road, Norwich2
£95006/240.02 miThe Pavilion, St Stephens Road, Norwich, NR12
£1,15006/240.02 miSt Stephens Road, NORWICH2
£1,25006/240.03 miThe Pavillion, NR12
£1,40010/240.03 mi-2
£1,35008/240.03 miThomas Wyatt Close, Norwich2
£92506/240.03 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,30006/240.03 mi-2
£1,35008/240.04 miThomas Wyatt Close, NORWICH2
£95006/240.06 miBrunswick Road, Norwich2
£97507/240.07 miEdward Jodrell Plain, Norwich2
£1,19511/240.09 mi-2
£85003/240.1 miWood Street, Norwich, Norfolk, NR12
£97506/240.13 miKingsley Road, Norwich2
£99501/250.14 mi-2
£1,10008/240.14 miNewmarket Street, Norwich, Norfolk, NR22
£1,25012/240.14 miGrove Avenue, Norwich2
£1,25006/240.14 miNewmarket Street, Norwich, NR22
£1,25012/240.15 miGrove Avenue, Norwich, Norfolk, NR12
£97506/240.15 miNorwich2
£1,15006/240.16 miSouth City2
£1,20006/240.16 miNeedham Place, Norwich2
£1,20010/240.17 mi-2
£1,10007/240.17 miTrinity Street, Norwich, NR2 2BH2
£1,00006/240.17 miTrinity Street, Norwich, Norfolk, NR22
£1,15012/240.17 miNeedham Place, Norwich2
£97512/240.18 miRegina Road, NR1 3QZ2
£1,29501/250.18 mi-2
£1,35001/250.2 mi-2
£1,17512/240.22 miChapelfield Gardens, Norwich, 2
£95007/240.23 miNewmarket Street, Norwich, NR22
£1,20009/240.23 miAllens Lane, Norwich, Norfolk, NR22
£1,20008/240.23 miLeicester Street, Norwich, NR22
£1,20006/240.24 miLeicester Street, Norwich, NR22
£1,30001/250.26 mi-2
£1,10012/240.27 miChapelfield Gardens, Norwich2
£1,20006/240.3 miAlbert Terrace, Norwich, NR22
£1,20006/240.3 miAlbert Terrace, Norwich, NR22
£1,09006/240.3 mi-2
£1,10006/240.3 miHill Street, Norwich2
£1,10006/240.3 miNewmarket Street, Norwich2
£1,20002/240.31 mi-2
£1,20012/240.31 mi-2
£69506/240.32 miCambridge Court, Cambridge Street, Norwich, NR22
£1,05003/240.32 miBrazen Gate, Norwich, Norfolk, NR12
£97507/240.33 miSomerleyton Gardens, Norwich, NR22
£1,20009/240.34 miTrinity Court, Norwich, NR22
£1,15008/240.34 mi-2
£1,15009/240.34 mi-2
£1,15008/240.34 miVauxhall Street, Norwich, NR22

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.24 miles away

Nearest school

0.20 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £225,000

November 11, 2024

Floor Plans

Description

  • Executive Development +
  • Norwich City +
  • Ground Floor +
  • Two Bedrooms +
  • Open Plan Living +
  • Ensuite Bathroom +
  • Seperate Shower Room +
  • Secure Parking +

Welcome to this modern apartment located on St. Stephens Road in the historic city of Norwich. This property boasts a delightful blend of modern living within a historic city conversion.

Upon entering, you are greeted by a spacious communal hallway to the central atrium. Walk through to this ground floor apartment. Through the door at the top of the corridor to your own apartment entrance. The private hall leads to the open plan living area, perfect for entertaining guests or simply relaxing after a long day. The kitchen is within this space also. The added feature is the snug off this area. The apartment features two double bedrooms, ideal for a small family or those in need of a guest room or home office.

With two bathrooms, mornings will be a breeze in this apartment, ensuring no queues for the shower. The property also offers secure parking for one vehicle, providing peace of mind for those with a car.

This apartment offers contemporary living spaces within a historic setting. The stunning communal grounds surrounding the property provide a tranquil escape from the hustle and bustle of city life.
Offers ample space for comfortable living. Whether you are a first-time buyer, a small family, or someone looking to downsize, this property caters to a variety of needs.

Don't miss the opportunity to own a piece of history in this vibrant city. Contact us today to arrange a viewing and envision yourself living in this wonderful apartment on St. Stephens Road.

Main Entrance - Access through the main building which has security entrance, through to the atrium. Access through to the side wing with fob entrance to the block. Walk through the corridor to the end.

Private Hall - Entrance door to entrance hall with security entry phone system, double cupboard and doors to open plan living room, two bedrooms and shower room.

Open Plan Living Area - Window to front, fully double glazed door to balcony, stairs down to snug, seamlessly connecting to kitchen area. Kitchen area has a range of base and wall mounted units, integrated hob, oven, with extractor hood over, built in fridge/ freezer and washing machine with further space for slim line dishwasher. Splashback and sink.

Snug - 2.82m max x 2.87m max (9'3 max x 9'5 max) - Windows to front and sides.

Prinicple Bedroom - 3.73m max x 3.05m (12'3 max x 10") - Window to side, built in sliding mirror door double wardrobe, door to ensuite bathroom

Ensuite Bathroom - Panelled bath with shower over and screen, part tiled walls, vanity wash hand basin, with concealed cistern, heated towel rail.

Bedroom Two - 2.82m x 2.44m (9'3 x 8'0) - Window to side.

Shower Room - Shower cubicle with concealed cistern wc, hand wash basin, part tiled walls and heated towel rail.

Outside - Secure gated parking at the rear for one car. Communal grounds surround this property which are very well kept for your enjoyment.

Agent Details

Think Property, Norwich

01603 361893

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪