2 Bed Flat, Single Let, Norwich, NR3 1PG, £150,000

Mousehold Street, Norwich, NR3 1PG - 3 months ago

Leasehold
BTL
ROI: 3%
~56 m²
+12 photos

ValuationOvervalued

Sold Prices£110K - £260K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~56.25 m²
Price/m²£2.7K/m²

Value Estimate

£139,752

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£438 - £1,300

Rent Estimate

£769

Running Costs/mo

£643

Cashflow/mo

£126

Cashflow/yr

£1,517

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110K to £260K, average is £144K. £1.6K/m² to £3.9K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£147.5K12/220 mi200, Mousehold Street, Norwich, Norfolk NR3 1PG2
£131.5K08/210.05 mi6, Pockthorpe Gate, Norwich, Norfolk NR3 1TU2
£110K11/200.11 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£165K02/230.11 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£160K09/230.19 mi90, Mousehold Street, Norwich, Norfolk NR3 1NX2
£210K01/230.19 mi11, Cavalry Ride, Norwich, Norfolk NR3 1UA2
£130K03/210.2 mi129, Lavengro Road, Norwich, Norfolk NR3 4RU2
£110K01/210.28 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£117K01/210.31 mi171, St Leonards Road, Norwich, Norfolk NR1 4JN2
£120K10/200.31 mi215, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.31 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£167.5K04/230.32 mi120, St Leonards Road, Norwich, Norfolk NR1 4JG2
£150K06/230.32 mi106, St Leonards Road, Norwich, Norfolk NR1 4JG2
£140.3K09/210.35 mi343, Gertrude Road, Norwich, Norfolk NR3 4RN2
£142K10/210.43 mi81, Cowgate, Norwich, Norfolk NR3 1TG2
£137.8K10/210.44 mi99, Southalls Way, Norwich, Norfolk NR3 4SA2
£190K05/210.45 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£203K02/230.48 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£190K07/210.48 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£180K12/220.51 mi26, Blackfriars Street, Norwich, Norfolk NR3 1SF2
£128K07/230.52 mi48, Magdalen Close, Norwich, Norfolk NR3 1NE2
£140K12/200.53 mi25, Fishergate, Norwich, Norfolk NR3 1SE2
£200K10/230.59 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£122K10/210.6 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£236.5K01/230.62 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£115K03/210.63 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£180K10/210.65 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.65 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£170K09/230.65 mi30, Woodrow Place, Norwich, Norfolk NR1 4PF2
£257.5K05/210.67 mi8, Gerald Close, Norwich, Norfolk NR1 4NE2
£133K11/230.69 mi24, The Erins, Norwich, Norfolk NR3 4JP2
£123K10/210.69 mi20, The Erins, Norwich, Norfolk NR3 4JP2
£127K02/210.69 mi27, The Erins, Norwich, Norfolk NR3 4JP2
£116.8K12/230.69 mi23, The Erins, Norwich, Norfolk NR3 4JP2
£125K03/230.69 mi14, The Erins, Norwich, Norfolk NR3 4JP2
£160K10/210.7 mi51, Howard Mews, Norwich, Norfolk NR3 4JU2
£135K05/210.71 mi14, Howard Mews, Norwich, Norfolk NR3 4JU2
£195K09/230.76 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.76 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£132K02/210.78 mi9, Clare Close, Norwich, Norfolk NR3 1EL2
£168K03/210.79 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£260K11/210.79 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£153K03/230.8 mi39, Black Horse Opening, Norwich, Norfolk NR3 4EP2
£145K05/230.8 mi18, Long Row, Norwich, Norfolk NR3 1EN2
£137.5K03/210.81 mi6, Long Row, Norwich, Norfolk NR3 1EN2
£142K08/210.82 mi24, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£112K02/210.82 mi21, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£150K10/230.83 mi23, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£218K11/200.85 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£143K12/220.85 miFlat 2, Bodmin Court, Plumstead Road East, Norwich, Norfolk NR7 9NJ2

Local Rents

49 rents from £438/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£95007/240.09 miCannell Green,Norwich,NR3 1TT2
£90006/240.14 miSt. James Close, Norwich, Norfolk, NR32
£95006/240.2 miAnchor Street, Norwich NR32
£82506/240.2 miKetts Hill, Norwich, NR12
£82506/240.2 miKetts Hill, Norwich, NR12
£90002/240.29 mi-2
£1,05006/240.31 miMorley Street, Norwich2
£75012/240.31 miSt. Leonards Road, Norwich, NR12
£1,30006/240.31 miTypesetters Way, Printworks Drive, Norwich2
£1,30006/240.31 miTypsetters Way, NR3 1FJ2
£95008/240.33 miSilver Road, Norwich, Norfolk, NR32
£99506/240.34 miSilver Road, Norwich, Norfolk, NR32
£1,25012/240.35 mi-2
£1,25003/250.35 mi-2
£1,25006/240.36 miTypesetters Way, NR32
£1,00002/240.37 mi-2
£95001/250.38 mi-2
£1,15008/240.38 miSilver Street, Norwich2
£1,15009/240.38 miSilver Street, Norwich2
£1,15006/240.39 miSilver Street, NR32
£95006/240.39 miSilver Street, Norwich, NR32
£1,30006/240.39 miSt James Quay, Norwich, NR32
£89506/240.39 miNorth City2
£1,05007/240.39 mi-2
£1,20004/250.39 mi-2
£1,05007/240.39 miSouthalls Way, Norwich, NR32
£1,05007/240.39 miSouthalls Way, Norwich, NR32
£1,10007/240.4 miWodehouse Street, Norwich, Norfolk, NR32
£87507/240.4 miWodehouse Street, Norwich, NR32
£43808/240.4 mi-2
£89503/240.41 miRomany Road, Norwich, Norfolk, NR32
£95006/240.41 miRomany Road, Norwich2
£97508/240.43 miSouthalls Way, Norwich, NR32
£85012/240.43 miRosary Road, Norwich, NR12
£95007/240.43 miSouthalls Way, Norwich2
£1,19506/240.44 miFerry Road, Norwich, 2
£1,25003/250.45 mi-2
£1,20008/240.46 miSt Martin at Palace Plain2
£85006/240.46 miGertrude Road, Norwich, NR32
£1,00012/240.47 miQuebec Road2
£1,10001/250.47 mi-2
£82506/240.47 miYarn Mews, Norwich2
£1,00012/240.48 miBertram Way, NR12
£95006/240.48 miCrome Road, Norwich, NR32
£1,05006/240.49 miWillis Street, Norwich2
£95008/240.49 miWillis Street, NORWICH2
£1,20007/240.5 miBull Close, NORWICH2
£1,15006/240.5 miPrimrose Road, Norwich2
£1,15007/240.51 miChurchill Road, Norwich2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.67 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Price changed to £150,000

March 12, 2025

Listed for £160,000

January 1, 2025

Floor Plans

Description

  • Ground Floor Flat +
  • Over 605 Sq. Ft of Accommodation (stms) +
  • Private Wrap Around Garden +
  • 18' Open Sitting/Dining Room +
  • Two Double Bedrooms +
  • Fitted Kitchen +
  • Ideal First Time Buy or Investment +
  • Walking Distance To All Amenities & City +

IN SUMMARY
A well appointed GROUND FLOOR FLAT situated just a few minutes walk from Norwich city centre offering a generously sized and rare to find PRIVATE WRAP AROUND GARDEN - with tall planted borders. Internally, the floor space reaches a little over 600 Sq. ft (stms) giving way to a well-lit 18' SITTING/DINING ROOM with ample floor space, fitted kitchen with INTEGRATED APPLIANCES, family bathroom and TWO DOUBLE BEDROOMS. The property offers uPVC double glazed windows with a gas combination boiler along with a welcome amount of internal storage cupboards.

SETTING THE SCENE
Situated just off from the street, a communal walkway grants access into the communal entrance way and stairs accessed only via an intercom entry system for security and privacy. Once inside, you will head down the stairs with the property emerging to your left. THE GRAND TOUR
Once down the stairs the property will emerge to your left and upon entering you will notice a clean and neutral décor with decorative panelling in the entrance lobby and tiled flooring underfoot leading you directly into the kitchen. Within the kitchen a range of wall and base mounted storage can be found set around rolled edge work surfaces that give way to integrated appliances including a low level oven and four ring gas hob with extraction above with tiled splashbacks. Within the kitchen there is additional space for appliances including a freestanding fridge/freezer, tumble dryer and plumbing for a washing machine with useful pantry style storage cupboard. The main living area opens from the lobby into a well lit and sizable sitting/dining room complete with all wood effect flooring underfoot. The space initially leads to the sitting room area whilst beyond the floor space allows for a formal dining table sitting in front of large full height uPVC double glazed windows allowing a variety of layouts to be explored. Stepping beyond the storage cupboard in the dining area, the second hallway grants access to both of the double bedrooms as well as the three piece bathroom suite complete with tiled walls and flooring and featuring a rainfall shower over the bath, vanity storage and heated towel rail. The larger of the bedrooms comes to the right hand side again with a large uPVC double glazed window allowing natural light to pour into the room with carpeted flooring and space for large double bed with additional storage units. The smaller bedroom would still easily hold a double bed with additional storage units whilst also benefiting from its own storage cupboard. This space has a large uPVC double glazed window looking into the private garden space with radiator below. FIND US
Postcode : NR3 1PG
What3Words : ///foods.sums.bright VIRTUAL TOUR
View our virtual tour for a full 360 degree of the interior of the property. AGENTS NOTE
The property is offered on a leasehold basis where the lease begun in 1982 with a 125 year agreement. There is a service charge of roughly £550p/a which is variable with a ground rent of only £10p/a.

EPC Rating: C

Agent Details

Starkings & Watson, Norfolk & Suffolk

03300 433910

Next Steps?

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