2 Bed Flat, Single Let, Norwich, NR4 7JU, £190,000

Lobelia Lane, Cringleford, Norwich, NR4 7JU - 3 months ago

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

ValuationUndervalued

Sold Prices£67.5K - £325K
Sold Prices/m²£2.2K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£194,603
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£10,700

Total Cash In

£58,200

 

 

Cash Out

 

Rent Range

£825 - £2,595

Rent Estimate

£950

Running Costs/mo

£804

Cashflow/mo

£146

Cashflow/yr

£1,755

ROI

3%

Gross Yield

6%

Local Sold Prices

51 sold prices from £67.5K to £325K, average is £162K. £2.2K/m² to £3.8K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£161K10/200 mi28, Lobelia Lane, Cringleford, Norwich, Norfolk NR4 7JU2
£325K03/210.88 mi2, Ebbisham Drive, Norwich, Norfolk NR4 6HN2
£135.7K11/210.9 mi24, Chalfont Walk, Norwich, Norfolk NR4 7NH2
£155K06/210.96 mi60a, Nasmith Road, Norwich, Norfolk NR4 7BJ2
£160K06/231.05 mi28, Pettus Road, Norwich, Norfolk NR4 7BY2
£170K02/211.1 mi12, Sumpter Road, Norwich, Norfolk NR4 7BX2
£125K09/231.1 mi26, Sumpter Road, Norwich, Norfolk NR4 7BX2
£155K06/211.12 mi16, Wakehurst Close, Norwich, Norfolk NR4 6JL2
£155K05/211.14 mi14, Norgate Road, Norwich, Norfolk NR4 7BT2
£157K06/211.14 mi18, Norgate Road, Norwich, Norfolk NR4 7BT2
£185K12/231.14 mi26, Norgate Road, Norwich, Norfolk NR4 7BT2
£165K09/211.14 mi24, Peckover Road, Norwich, Norfolk NR4 7BL2
£178K03/231.19 mi198, North Park Avenue, Norwich, Norfolk NR4 7ED2
£175K08/211.22 mi132, Bluebell Road, Norwich, Norfolk NR4 7LQ2
£172K08/231.22 mi88, Bluebell Road, Norwich, Norfolk NR4 7LQ2
£220K12/221.24 mi99, Brentwood, Norwich, Norfolk NR4 6PN2
£150K03/211.25 mi103, Wycliffe Road, Norwich, Norfolk NR4 7DU2
£190K08/231.35 mi160, North Park Avenue, Norwich, Norfolk NR4 7EQ2
£150K03/211.36 mi174, North Park Avenue, Norwich, Norfolk NR4 7EQ2
£188K09/231.37 mi55, Lovelace Road, Norwich, Norfolk NR4 7AE2
£178K09/211.37 mi184, Bluebell Road, Norwich, Norfolk NR4 7LN2
£170K03/231.42 mi54, Ivory Road, Norwich, Norfolk NR4 7DT2
£182K08/231.42 mi30, Ivory Road, Norwich, Norfolk NR4 7DT2
£130K01/211.42 miFlat 52, Quintin Gurney House, Keswick Hall, Keswick, Norwich, Norfolk NR4 6RP2
£98K06/231.44 miFlat 28, Quintin Gurney House, Keswick Hall, Keswick, Norwich, Norfolk NR4 6RP2
£105K07/231.44 miFlat 20, Quintin Gurney House, Keswick Hall, Keswick, Norwich, Norfolk NR4 6RP2
£105K07/231.44 miFlat 20, Quintin Gurney House, Keswick Hall, Keswick, Norwich, Norfolk NR4 6RP2
£170.5K08/221.58 mi37, Pippin Green, Norwich, Norfolk NR4 7NG2
£162K06/241.62 mi20, Pippin Green, Norwich, Norfolk NR4 7NG2
£170K09/201.66 mi27, Cairns Court, Norwich, Norfolk NR4 7PT2
£170K06/211.66 mi44, Cairns Court, Norwich, Norfolk NR4 7PT2
£150K08/231.66 mi41, Cairns Court, Norwich, Norfolk NR4 7PT2
£155K07/231.66 mi40, Cairns Court, Norwich, Norfolk NR4 7PT2
£170K05/241.66 mi37, Cairns Court, Norwich, Norfolk NR4 7PT2
£145K04/211.69 mi42, Russet Grove, Norwich, Norfolk NR4 7NQ2
£167K09/221.69 mi11, Russet Grove, Norwich, Norfolk NR4 7NQ2
£160K10/231.69 mi24, Russet Grove, Norwich, Norfolk NR4 7NQ2
£231.5K05/231.72 mi25, Mornington Road, Norwich, Norfolk NR2 3NA2
£167.5K07/231.74 miFlat 13, Sebald House, Kinghorn Road, Norwich, Norfolk NR2 3PU2
£162.5K08/231.74 miFlat 10, Sebald House, Kinghorn Road, Norwich, Norfolk NR2 3PU2
£67.5K12/201.75 miFlat 15, Bradbury House, Kinghorn Road, Norwich, Norfolk NR2 3PT2
£160K04/231.75 miFlat 5, Bradbury House, Kinghorn Road, Norwich, Norfolk NR2 3PT2
£70K10/201.76 miFlat 9, Bradbury House, Kinghorn Road, Norwich, Norfolk NR2 3PT2
£160K07/211.83 mi20, Robson Road, Norwich, Norfolk NR5 8NY2
£165K02/231.84 mi4, Bevan Close, Norwich, Norfolk NR5 8NX2
£165K11/231.84 mi2, Bevan Close, Norwich, Norfolk NR5 8NX2
£160K11/221.85 mi125, Ipswich Road, Norwich, Norfolk NR4 6LD2
£325K02/211.85 mi5, Irving Road, Norwich, Norfolk NR4 6RA2
£120K04/211.86 mi37, Earlham West Centre, Norwich, Norfolk NR5 8AD2
£220K01/231.86 mi83, Plantsman Close, Norwich, Norfolk NR2 2NJ2
£130K06/211.88 mi28, Watkin Road, Norwich, Norfolk NR4 6LH2

Local Rents

51 rents from £825/mo to £2.6K/mo, average is £1.5K/mo.

RentDateDistanceAddressBeds 
£1,10006/240 miLobelia Lane, Cringleford3
£1,90012/240 miLobelia Lane, Norwich6
£1,70006/240.06 miFern Drive, Cringleford5
£1,75006/240.07 miViola Close, Cringleford5
£1,85012/240.08 miPoppy Close, Cringleford5
£1,50012/240.09 miWillowcroft Way, Cringleford3
£1,35006/240.09 miWillowcroft Way, Norwich3
£1,55012/240.09 miWillowcroft Way, Cringleford, Norwich4
£1,55006/240.1 miWillowcroft Way, Cringleford, Norwich4
£1,29506/240.14 miDragonfly Lane, Cringleford, Norwich, NR43
£90006/240.14 miDragonfly Lane, Round House Park2
£1,40006/240.14 miFreesia Way, Cringleford, NORWICH3
£2,00006/240.17 miNightingale Drive, Round House Park5
£1,85006/240.17 miFreesia Way, Cringleford, Norwich5
£1,40006/240.19 miWoodpecker Lane, Cringleford, Norwich3
£1,35012/240.2 miCringleford3
£1,20012/240.2 mi-2
£1,00012/240.2 mi-2
£1,50002/250.2 mi-3
£1,80012/240.23 mi-4
£2,00012/240.23 mi-4
£1,40012/240.26 mi-3
£1,82003/250.27 mi-4
£1,70012/240.27 miBrettingham Avenue, Norwich3
£1,30006/240.29 miPeregrine Mews, NR4 7NB3
£1,35006/240.29 miPeregrine Mews, Cringleford3
£1,40012/240.29 mi-3
£1,99512/240.31 miCringleford, Norwich3
£1,50012/240.31 miAlmond Drive, Cringleford4
£1,50006/240.31 miRose Drive, Norwich, NR43
£1,50006/240.31 mi-3
£1,50006/240.31 mi-3
£2,59506/240.31 mi-3
£2,59505/240.31 mi-3
£2,59512/240.31 mi-3
£1,97503/250.31 mi-3
£1,90012/240.32 miKedleston Drive, Cringleford, Norwich, Norfolk4
£1,65006/240.33 miAlmond Drive, Cringleford, Norwich, NR44
£1,40012/240.33 miDragonfly Lane, Cringleford3
£1,55006/240.35 miRose Drive, Cringleford, NORWICH3
£1,55006/240.35 miRose Drive, Norwich, Norfolk, NR43
£1,19902/250.36 mi-3
£1,30006/240.41 miSidell Close, Cringleford, Norwich, Norfolk, NR43
£82512/240.46 miKeswick Road, Cringleford, NR41
£1,09512/240.47 miIntwood Road, Cringleford, Norwich, NR43
£1,47512/240.49 mi-3
£1,55012/240.49 mi-3
£2,40012/240.52 miThe Loke, Cringleford, NORWICH4
£1,50012/240.59 mi-3
£2,19912/240.59 miLamb Lane, Norwich, NR44
£1,99912/240.59 mi-4

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

3.39 miles away

Nearest school

0.20 miles away

Nearest train station

3.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £190,000

March 12, 2025

Price changed to £200,000

February 12, 2025

Listed for £210,000

December 26, 2024

Floor Plans

Description

  • FIRST FLOOR APARTMENT +

  • TWO DOUBLE BEDROOMS +

  • MODERN FITTED KITCHEN WITH INTEGRATED APPLIANCES +

  • DOUBLE GLAZING +

  • GAS FIRED CENTRAL HEATING +

  • CONVENIENTLY LOCATED FOR THE UEA, NNUH AND CITY CENTRE +

  • ALLOCATED PARKING +

  • NO ONWARD CHAIN +

SUMMARY
*AN INVITING MODERN HOME CONVENIENTLY LOCATED FOR THE UEA, NNUH AND CITY CENTRE* Offering allocated parking, private entrance and no service charge or ground rent internal viewing is highly recommended for this property being offered with no onward chain!!

DESCRIPTION
We are delighted to present this immaculately presented two-bedroom first-floor apartment located in the sought after south city village of Cringleford. Boasting modern amenities and conveniences, this property offers comfortable living with an open plan layout, ideal for professional couples or small families.

The apartment features a private entrance hall leading to a spacious living area, complemented by a contemporary fitted kitchen and bathroom suite. The property benefits from gas-fired central heating and double glazing for year-round comfort.

Situated conveniently close to the University of East Anglia (UEA), Norfolk and Norwich University Hospital (NNUH), and the bustling city centre, residents will enjoy easy access to a range of amenities and transport links. The apartment also includes an allocated parking space, ensuring convenience and security for residents.

Offered with no onward chain, this property presents an excellent opportunity for those seeking a modern and well-appointed city home. Contact us today to arrange a viewing and secure your chance to call this apartment your own.

Entrance Hall 
Composite door to front aspect, stairs to first floor accommodation;

Living Area 12' 2" x 16' 6" max ( 3.71m x 5.03m max )
Double glazed windows to front aspect, built in storage cupboard, two radiators, door to inner hallway, open to kitchen;

Kitchen 5' 3" x 11' ( 1.60m x 3.35m )
Double glazed window to rear aspect, fitted kitchen comprising a range of wall and base units, work surfaces over, inset one and a half bowl stainless steel sink and drainer with mixer tap, gas hob, electric oven, integrated fridge / freezer, integrated washing machine and dishwasher, tiled floor.

Inner Hallway 
Door from living area, doors to both bedrooms and bathroom;

Bedroom One Irregular Shaped Room 12' max x 12' ( 3.66m max x 3.66m )
Double glazed window to rear aspect, radiator.

Bedroom Two Irregular Shaped Room 10' 7" x 7' 5" ( 3.23m x 2.26m )
Double glazed window to front aspect, radiator.

Bathroom 
Double glazed window to front aspect, suite comprising bath with mixer tap and mains shower over, low ;level wc, pedestal sink, part tiled walls, extractor fan, heated towel rail.

External 
The property is approached via a pathway through communal gardens whilst to the rear there is an allocated parking space and quater share of the brick-built cycle store.

DIRECTIONS
Proceed out of Norwich via the Newmarket Road and follow the road along to the dual carriageway taking a right hand turning at the roundabout onto Round House Way. Take a right at the roundabout onto Dragonfly Lane and then right into Lobelia Lane. Follow the road along where the property will be located on your right hand side.

We currently hold lease details as displayed above, should you require 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, Unthank Road

01603 361982

Next Steps?

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