2 Bed Terraced House, Single Let, Norwich, NR1 1QQ, £400,000

Morgan House, Norwich, NR1 1QQ - 1 views - 4 months ago

Leasehold
BTL
~151 m²
+10 photos

ValuationUndervalued

Sold Prices£128.5K - £540K
Sold Prices/m²£1.9K/m² - £4.4K/m²

 

 

Square Metres

~151 m²
Price/m²£2.6K/m²

Value Estimate

£471,875
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£20,700

Total Cash In

£120,700

 

 

Cash Out

 

Rent Range

£925 - £2,500

Rent Estimate

£950

Running Costs/mo

£1,460

Cashflow/mo

£-510

Cashflow/yr

£-6,120

Gross Yield

3%

Local Sold Prices

50 sold prices from £128.5K to £540K, average is £222.5K. £1.9K/m² to £4.4K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£310K10/220.23 mi6, Mariners Lane, Norwich, Norfolk NR1 3AF2
£158.5K01/230.23 mi21, Mariners Lane, Norwich, Norfolk NR1 3AF2
£160K02/210.34 mi226, Queens Road, Norwich, Norfolk NR1 3HG2
£205K03/210.36 mi252, King Street, Norwich, Norfolk NR1 2BU2
£229K05/210.38 mi22, Bracondale, Norwich, Norfolk NR1 2AF2
£208K07/240.4 mi6, Stuart Road, Norwich, Norfolk NR1 2BY2
£213.5K01/210.41 mi6, Bracondale Green, Norwich, Norfolk NR1 2AG2
£138K11/230.43 mi6, Alan Road, Norwich, Norfolk NR1 2BX2
£220K11/200.43 mi68, Rosary Road, Norwich, Norfolk NR1 1TQ2
£225K07/210.44 mi20, Doman Road, Norwich, Norfolk NR1 3AW2
£270K11/230.45 mi6, Bellville Crescent, Norwich, Norfolk NR1 3AR2
£250K01/210.45 mi6, Bellville Crescent, Norwich, Norfolk NR1 3AR2
£128.5K06/230.46 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£230K11/230.46 mi92, Rosary Road, Norwich, Norfolk NR1 4BX2
£236K03/210.48 mi121, Southwell Road, Norwich, Norfolk NR1 3RS2
£246K01/230.48 mi58, Ella Road, Norwich, Norfolk NR1 4BS2
£195K06/210.48 mi2, St Leonards Road, Norwich, Norfolk NR1 4BT2
£185K03/210.48 mi15, St Leonards Road, Norwich, Norfolk NR1 4BT2
£168K09/210.48 mi12, St Leonards Road, Norwich, Norfolk NR1 4BT2
£240K06/240.5 mi47, Riverside Road, Norwich, Norfolk NR1 1SR2
£194.5K06/230.5 mi56, Riverside Road, Norwich, Norfolk NR1 1SR2
£205K04/240.51 mi22, Rowington Road, Norwich, Norfolk NR1 3RR2
£292.5K02/210.51 mi1a, Wood Street, Norwich, Norfolk NR1 3RD2
£222.5K03/210.52 mi5, Lollards Road, Norwich, Norfolk NR1 1SX2
£192.5K10/200.52 mi3a, Milverton Road, Norwich, Norfolk NR1 2AR2
£314K06/210.52 mi42, Grove Road, Norwich, Norfolk NR1 3RH2
£320K07/230.52 mi2, Grove Road, Norwich, Norfolk NR1 3RH2
£190K05/210.53 mi101, Bertram Way, Norwich, Norfolk NR1 1FD2
£245K06/210.53 mi3, Kingsgate Court, Norwich, Norfolk NR2 1TS2
£350K04/240.53 mi58c, Bracondale, Norwich, Norfolk NR1 2AP2
£240.6K11/210.53 mi3, Cyprus Street, Norwich, Norfolk NR1 3AX2
£230K12/200.53 mi35, Cyprus Street, Norwich, Norfolk NR1 3AX2
£222.5K02/230.53 mi31, Cyprus Street, Norwich, Norfolk NR1 3AX2
£256K11/230.53 mi30, Cyprus Street, Norwich, Norfolk NR1 3AX2
£212K08/210.54 mi4, Carlyle Road, Norwich, Norfolk NR1 3AB2
£300K11/230.54 mi37, Carlyle Road, Norwich, Norfolk NR1 3AB2
£190K11/200.54 mi48, Carlyle Road, Norwich, Norfolk NR1 3AB2
£225K11/210.54 mi47, Carlyle Road, Norwich, Norfolk NR1 3AB2
£185K06/210.54 mi46, Carlyle Road, Norwich, Norfolk NR1 3AB2
£195K12/220.54 mi20, Carlyle Road, Norwich, Norfolk NR1 3AB2
£240K11/230.54 mi35, Carlyle Road, Norwich, Norfolk NR1 3AB2
£185.1K08/230.54 mi11, Carlyle Road, Norwich, Norfolk NR1 3AB2
£192K02/230.54 mi19, Carlyle Road, Norwich, Norfolk NR1 3AB2
£210K01/210.54 mi16, Marion Road, Norwich, Norfolk NR1 4BN2
£235.2K02/230.54 mi14, Marion Road, Norwich, Norfolk NR1 4BN2
£220K02/210.54 mi5, Marion Road, Norwich, Norfolk NR1 4BN2
£540K06/230.55 mi6, Old Millers Wharf, Norwich, Norfolk NR3 1GS2
£266K12/230.55 mi32, Carshalton Road, Norwich, Norfolk NR1 3BW2
£273K12/220.55 mi41, Carshalton Road, Norwich, Norfolk NR1 3BW2
£183.5K01/210.56 mi10, Malvern Road, Norwich, Norfolk NR1 4BA2

Local Rents

50 rents from £925/mo to £2.5K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,05006/240.06 miScoles Green, Norwich2
£95006/240.07 miRouen Road, Norwich, Norfolk, NR12
£95006/240.07 miRouen Road, Norwich, Norfolk, NR12
£1,20012/240.08 miDrays Yard, NORWICH2
£1,20012/240.09 mi23 Cattle Market Street, NORWICH2
£1,25012/240.09 miCattle Market Street, NORWICH2
£1,20003/240.1 miBartholomew Court, NR1 1FS2
£1,15003/240.1 miBartholomew Court, NR1 1FS2
£1,15006/240.1 miBartholomew Court, NR1 1FT2
£1,15007/220.1 miBartholomew Court, NR1 1FT2
£1,20003/240.1 miBartholomew Court, NR1 1FS2
£1,20006/240.1 miBartholomew Court, NR1 1FT2
£95006/240.11 miEmms Court, Norwich2
£1,20011/240.11 mi-2
£1,55006/240.11 miLords Gardens, NR1 1FY2
£1,25006/240.11 miLords Gardens, NR1 1FY2
£1,20006/240.11 miLords Gardens, NR1 1FY2
£1,20006/240.11 miLords Gardens, NR1 1FY2
£1,95012/240.11 miLords Gardens, NR1 1FY2
£1,25006/240.11 miSt Peters House, Cattlemarket Street, Norwich2
£1,20006/240.12 miCity Centre, NR12
£1,45012/240.13 mi-2
£1,40002/250.15 mi-2
£95006/240.16 miTudor Hall, Norwich2
£1,15001/250.18 mi-2
£1,99506/240.19 miGreyfriars Road, Norwich, 2
£1,50006/240.19 miGreyfriars Road, Norwich, NR12
£1,50006/240.19 mi-2
£1,60003/240.2 miWestlegate, Norwich2
£99506/240.2 miGreyfriars Road, Norwich, Norfolk, NR12
£92506/240.2 miGreyfriars Road, Norwich, Norfolk, NR12
£1,35012/240.2 mi-2
£1,60012/240.2 mi-2
£97506/240.21 miHardwick House, NR1 1DB2
£1,50003/250.21 mi-2
£1,25012/240.21 miKing Street, Norwich2
£1,25012/240.22 miSentinel House, Norwich, NR12
£2,50012/240.22 mi-2
£1,60003/250.22 mi-2
£1,49512/240.23 mi-2
£1,35012/240.23 miKing Street, Norwich2
£1,35006/240.23 miSurrey Street, NORWICH2
£1,30012/240.23 miSurrey Street, NORWICH2
£1,25012/240.24 miEast Bank, Wherry Road, Norwich, NR12
£1,10006/240.24 miSurrey Street, Norwich2
£1,30012/240.24 miNorwich, NR12
£1,55012/240.24 mi-2
£1,10012/240.24 mi-2
£1,35002/240.25 mi-2
£1,35006/240.25 mi-2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.03 miles away

Nearest school

0.20 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £400,000

January 2, 2025

Listed for £425,000

November 20, 2024

Floor Plans

Description

  • A Stunning Two Bedroom Duplex Penthouse Apartment +
  • Breathtaking Panoramic Views +
  • High Quality Fitted Kitchen/Breakfast Room Opening Onto The Balcony +
  • Magnificent Living & Entertaining Space Encased In Wrap Around Glass & Opening Onto The Roof Terrace +
  • Double Glazing & Electric Heating +
  • High End Finish Throughout +
  • Just A Stones Throw From An Array Of Amenities +

This stunning duplex penthouse apartment offers an exceptional blend of luxury, style, and breathtaking views. Accessed via a communal entrance with secure intercom entry, lift, and staircase to the 5th floor, the accommodation is designed to impress at every turn. Upon entering, a spacious entrance hall leads to two generous double bedrooms, each featuring built-in wardrobes and direct access to the expansive wrap around terrace. The principal bedroom boasts a luxury en-suite shower room while a beautifully appointed main bathroom serves the second bedroom and guests. The high quality fitted kitchen and breakfast room, complete with integrated appliances, opens onto the balconyoffering seamless indoor/outdoor living. Upstairs, a magnificent living and entertaining space awaits, encased in wrap around glass and enhanced by sliding patio doors that again lead to the spectacular roof terrace. Here, panoramic views provide a stunning backdrop for relaxation or hosting. With double glazing, electric heating, and a refined, high end finish throughout, this penthouse is a true masterpiece.

Located at the City end of Rouen Road, this duplex apartment offers an enviable blend of convenience and charm. Just a stone`s throw from a vibrant array of amenities, you will find yourself surrounded by a vast selection of bars, restaurants, and cafes, perfect for socialising or unwinding. A short walk takes you to Norwich`s award winning covered market and the historic lanes, a haven for boutique shopping and culture. The City`s bus station is easily accessible on foot, while a slightly longer stroll brings you to the train station, providing excellent transport options. For those needing to travel further, the Southern Bypass is conveniently close, ensuring smooth access to surrounding areas. With strong links to the University of East Anglia and the Norfolk and Norwich University Hospital, this location is ideal for students, professionals, and families alike.

Communal front doors with intercom secure entry to

Communal Entrance Hall
Lift and staircase to the fifth floor, front door to:-

Entrance Hall
Staircase to living room above with storage cupboard under, airing cupboard, doors to kitchen/breakfast room, both bedrooms and bathroom.

Kitchen/Breakfast Room - 16'11" (5.16m) x 11'11" (3.63m)
Double glazed patio doors to the balcony and roof terrace, fitted with a range of quality base and wall units, solid wood work surfaces, central island with solid wood work surface, inset stainless steel sink and drainer with taps over tiled splashbacks, inset induction hob with extractor over, double oven and grill, integrated fridge/freezer and dishwasher, space for a freestanding wine chiller.

Bedroom 1 - 13'8" (4.17m) x 13'2" (4.01m)
Double glazed patio doors to the terrace, built-in double wardrobes, door to:-

En-Suite Shower Room
Double shower cubicle with Bluetooth speakers built in, wash basin, low level WC with heated seat, fully tiled walls, tiled floor, extractor fan, underfloor heating.

Bedroom 2 - 13'0" (3.96m) x 11'2" (3.4m)
Double glazed patio doors to the terrace. built-in double wardrobes.

Bathroom
Panelled bath with shower over and bluetooth speakers built in, low level WC with heated seat, wash basin, fully tiled walls, tiled floor, extractor fan, underfloor heating.

Living Room - 27'8" (8.43m) x 19'1" (5.82m)
A stunning room with four sets of patio doors out to the wrap around balcony and roof terrace.

Roof Terrace
An amazing outdoor space and a real sun trap, great for alfresco dining and entertaining with space for dining furniture plus panoramic views to the front and rear.

Parking
One allocated secure underground parking space within the residents car park.

Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.

Agent Details

Pymm & Co, Norwich

01603 361642

Next Steps?

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