2 Bed Flat, Single Let, Norwich, NR8 5AU, £135,000

Tower Close, Norwich, NR8 5AU - 4 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 8%
~68 m²
+3 photos

ValuationUndervalued

Sold Prices£120K - £395K
Sold Prices/m²£1.8K/m² - £26.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2K/m²

Value Estimate

£164,700
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£33,750

Stamp Duty & Legal Fees

£5,250

Total Cash In

£39,000

 

 

Cash Out

 

Rent Range

£850 - £1,200

Rent Estimate

£863

Running Costs/mo

£614

Cashflow/mo

£249

Cashflow/yr

£2,982

ROI

8%

Gross Yield

8%

Local Sold Prices

48 sold prices from £120K to £395K, average is £145.5K. £1.8K/m² to £26.6K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£150K03/240 mi21, Tower Close, Costessey, Norwich, Norfolk NR8 5AU2
£130K02/210.09 mi61, Tower Close, Costessey, Norwich, Norfolk NR8 5AY2
£128K04/210.1 mi85, Tower Close, Costessey, Norwich, Norfolk NR8 5AY2
£135K11/210.47 mi14, Teal Drive, Costessey, Norwich, Norfolk NR8 5FQ2
£122K03/210.47 mi12, Teal Drive, Costessey, Norwich, Norfolk NR8 5FQ2
£126.5K06/210.47 mi4, Teal Drive, Costessey, Norwich, Norfolk NR8 5FQ2
£125K07/210.47 mi10, Teal Drive, Costessey, Norwich, Norfolk NR8 5FQ2
£142.5K08/210.5 mi1, Bittern Road, Costessey, Norwich, Norfolk NR8 5FL2
£131K12/220.5 mi7, Bittern Road, Costessey, Norwich, Norfolk NR8 5FL2
£187K01/230.5 mi19, Bittern Road, Costessey, Norwich, Norfolk NR8 5FL2
£147.5K05/210.51 mi35, Woodpecker Way, Costessey, Norwich, Norfolk NR8 5FD2
£163K07/220.51 mi21, Woodpecker Way, Costessey, Norwich, Norfolk NR8 5FD2
£145K01/210.53 mi40, Redpoll Road, Costessey, Norwich, Norfolk NR8 5FZ2
£120K04/210.53 miFlat 1, Dunnock Court, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FG2
£130K05/210.53 miFlat 12, Dunnock Court, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FG2
£135K04/210.54 mi58, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£180K01/240.55 mi13, Dunnock Drive, Costessey, Norwich, Norfolk NR8 5FF2
£133.5K11/210.55 mi72, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£135K04/210.55 mi58, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£143K11/220.55 mi64, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£185K10/230.55 mi15, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£165K08/220.55 mi76, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£120K01/210.55 mi68, Magnolia Way, Costessey, Norwich, Norfolk NR8 5EH2
£145K05/230.58 mi4, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE2
£146K09/210.58 mi2, Sir Alfred Munnings Road, Costessey, Norwich, Norfolk NR8 5EE2
£160K02/230.58 mi42, Poethlyn Drive, Costessey, Norwich, Norfolk NR8 5ET2
£130K05/210.58 miFlat 11, Woodpecker Court, Woodpecker Way, Costessey, Norwich, Norfolk NR8 5FE2
£145K11/200.58 miFlat 13, Woodpecker Court, Woodpecker Way, Costessey, Norwich, Norfolk NR8 5FE2
£148K09/220.59 mi75, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY2
£145K08/220.59 mi73, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY2
£156.1K04/230.62 mi27, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY2
£147K07/220.62 mi37, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY2
£150K12/220.62 mi79, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY2
£151K07/240.62 mi87, Bahram Road, Costessey, Norwich, Norfolk NR8 5EY2
£175K06/220.66 mi35, Coronach Close, Costessey, Norwich, Norfolk NR8 5EZ2
£163K12/220.7 miFlat 25, Cheena Court, Solario Road, Costessey, Norwich, Norfolk NR8 5EP2
£152K08/240.71 miCheena Court, Flat 22, Solario Road, Costessey, Norwich, Norfolk NR8 5EP2
£122.5K03/210.71 miFlat 22, Cheena Court, Solario Road, Costessey, Norwich, Norfolk NR8 5EP2
£150K06/230.71 miFlat 19, Cheena Court, Solario Road, Costessey, Norwich, Norfolk NR8 5EP2
£155K06/220.71 miFlat 29, Cheena Court, Solario Road, Costessey, Norwich, Norfolk NR8 5EP2
£150K06/210.72 miFlat 6, Cheena Court, Solario Road, Costessey, Norwich, Norfolk NR8 5EP2
£155K06/230.77 mi61, Solario Road, Costessey, Norwich, Norfolk NR8 5EJ2
£124K04/210.77 mi65, Solario Road, Costessey, Norwich, Norfolk NR8 5EJ2
£136K05/230.77 mi55, Solario Road, Costessey, Norwich, Norfolk NR8 5EJ2
£152K08/210.91 mi17, Dr Torrens Way, New Costessey, Norwich, Norfolk NR5 0GB2
£175K04/220.92 mi17, Badger Road, Costessey, Norwich, Norfolk NR5 0UN2
£145K04/210.94 mi152, Fairway, Costessey, Norwich, Norfolk NR8 5GB2
£395K10/210.99 mi150, The Street, Costessey, Norwich, Norfolk NR8 5DG2

Local Rents

10 rents from £850/mo to £1.2K/mo, average is £900/mo.

RentDateDistanceAddressBeds 
£1,00012/240.41 miFalcon Crescent, Costessey, NR82
£90006/240.44 miFalcon Crescent, Costessey, Norwich2
£1,20004/250.48 mi-2
£1,20003/250.51 mi-2
£90006/240.53 miRedpoll Road, Costessey2
£89512/240.58 miWoodpecker Way, Queens Hill2
£89512/240.58 miNightingale Mews, Norwich2
£92512/240.58 mi-2
£85006/240.58 miWoodpecker Court, Woodpecker Way, Costessey2
£89512/240.59 miQueens Hills2

Local Area Statistics

Population in NR8

20,321

Population in Norwich

366,887

Town centre distance

4.26 miles away

Nearest school

0.50 miles away

Nearest train station

5.22 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £135,000

November 29, 2024

Sold for £109,000

2010

Sold for £115,000

2008

Sold for £87,500

2006

Floor Plans

Description

  • First Floor Flat +
  • Two Generous Bedrooms +
  • Additional Small Study/Storage Room +
  • Private Garden +
  • Modern Fitted Kitchen +
  • Generous Sitting Room +
  • Re-fitted Bathroom +
  • Ample Street Parking +
  • Ground Floor Storage Shed +
  • EPC Rating C / Council Tax Band A +

Iconic are pleased to market this two-bedroom first floor flat situated in Old Costessey. Located close to local amenities and popular schools this great property is offered with no onward chain. The accommodation comprises; entrance hallway with doors which lead to all principle rooms. The sitting room is generous and there is also a modern fitted kitchen with space for appliances. The property also features a re-fitted shower room with two good sized bedrooms and a study/storage area. The property also benefits from ample storage throughout and has its own private garden to the rear along with additional ground floor storage space.

Agent Details

Iconic, Taverham

01603 361880

Next Steps?

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