2 Bed Flat, Single Let, Norwich, NR7 8QD, £160,000

7 Church View Court, Norwich, NR7 8QD - 3 months ago

Sold STC

Leasehold

BTL

ROI: 3%

46 m²

+8 photos

ValuationOvervalued

Sold Prices	£120K - £285K
Sold Prices/m²	£2.1K/m² - £3.8K/m²

Square Metres	46 m²
Price/m²	£3.5K/m²
Value Estimate	£130,617£130,617

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£40,000£40,000
Stamp Duty & Legal Fees	£6,000£6,000
Total Cash In	£46,000£46,000

Cash Out
Rent Range	£795 - £1,525£795 - £1,525
Rent Estimate	£810
Running Costs/mo	£682£682
Cashflow/mo	£128£128
Cashflow/yr	£1,536£1,536
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

26 sold prices from £120K to £285K, average is £145K. £2.1K/m² to £3.8K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£128K	12/20	0.01 mi	3, Church View Court, Norwich, Norfolk NR7 8QD	£2,977	43	2	Flat
£285K	12/20	0.39 mi	11, Martin Close, Norwich, Norfolk NR7 8PA	-	-	2	Flat
£134K	07/21	0.6 mi	120, Desmond Drive, Norwich, Norfolk NR6 7JW	£3,526	38	2	Flat
£182K	03/24	0.65 mi	22, Goodson Road, Norwich, Norfolk NR7 8FX	£2,116	86	2	Flat
£160K	11/22	0.66 mi	7, Dunwood Drive, Norwich, Norfolk NR6 7JS	£2,667	60	2	Flat
£140K	04/21	0.79 mi	231, The Paddocks, Norwich, Norfolk NR6 7HS	£2,692	52	2	Flat
£155K	11/22	0.79 mi	275, The Paddocks, Norwich, Norfolk NR6 7HS	£2,823	55	2	Flat
£145K	07/21	0.79 mi	5, Swan Lane, Sprowston, Norwich, Norfolk NR7 8FW	£2,685	54	2	Flat
£160K	10/21	0.88 mi	42, Templemere, Norwich, Norfolk NR3 4EF	£2,500	64	2	Flat
£120K	03/21	0.88 mi	4, Templemere, Norwich, Norfolk NR3 4EF	£2,308	52	2	Flat
£145K	05/21	0.88 mi	131, The Paddocks, Norwich, Norfolk NR6 7HR	£2,788	52	2	Flat
£141.5K	09/23	0.88 mi	67, Templemere, Norwich, Norfolk NR3 4EG	£2,859	50	2	Flat
£156K	11/22	0.88 mi	155, The Paddocks, Norwich, Norfolk NR6 7HR	£3,059	51	2	Flat
£145K	12/22	0.89 mi	8, Templemere, Norwich, Norfolk NR3 4EF	-	-	2	Flat
£230K	10/22	0.89 mi	39, Coot Drive, Sprowston, Norwich, Norfolk NR7 8DW	£2,840	81	2	Flat
£182.5K	10/22	0.9 mi	24, Coot Drive, Sprowston, Norwich, Norfolk NR7 8DW	£2,852	64	2	Flat
£138K	02/21	0.91 mi	39, Edgefield Close, Norwich, Norfolk NR6 7HP	£2,654	52	2	Flat
£133K	10/21	0.91 mi	163, Templemere, Norwich, Norfolk NR3 4EE	-	-	2	Flat
£167K	01/23	0.93 mi	521, Sprowston Road, Norwich, Norfolk NR3 4EU	£3,479	48	2	Flat
£123K	01/21	0.93 mi	521, Sprowston Road, Norwich, Norfolk NR3 4EU	£2,563	48	2	Flat
£125K	07/21	0.94 mi	121, Templemere, Norwich, Norfolk NR3 4EQ	£2,451	51	2	Flat
£144K	01/23	0.94 mi	35, Windmill Court, Norwich, Norfolk NR3 4ET	£3,130	46	2	Flat
£135K	06/23	0.95 mi	11, Windmill Court, Norwich, Norfolk NR3 4ET	-	-	2	Flat
£145K	12/21	0.95 mi	2, Windmill Court, Norwich, Norfolk NR3 4ET	£2,858	51	2	Flat
£126K	10/20	0.95 mi	33, Windmill Court, Norwich, Norfolk NR3 4ET	£3,818	33	2	Flat
£150K	07/23	0.95 mi	37, Windmill Court, Norwich, Norfolk NR3 4ET	£3,000	50	2	Flat

Local Rents

29 rents from £795/mo to £1.5K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£925	06/24	0.01 mi	Church View Court, NORWICH	2	Flat
£895	06/24	0.19 mi	Wilks Farm Drive, Sprowston, Norwich, NR7	2	Flat
£950	03/24	0.19 mi	Wilks Farm Drive,Sprowston,Norwich,NR7	2	Semi-Detached House
£925	12/24	0.39 mi	-	2	Flat
£950	06/24	0.4 mi	-	2	Flat
£950	10/24	0.4 mi	-	2	Flat
£950	06/24	0.55 mi	-	2	Terraced House
£1,050	06/24	0.65 mi	Leveson Road, Norwich	2	Flat
£795	12/24	0.68 mi	Neville Road, Norwich, Norfolk, NR7	2	Bungalow
£1,200	12/24	0.71 mi	-	2	Terraced House
£950	12/24	0.77 mi	Cere Road, Norwich, Norfolk, NR7	2	Bungalow
£925	06/24	0.78 mi	School Lane, NR7 8TR	2	Flat
£925	12/24	0.79 mi	Swan Lane, Sprowston	2	Flat
£900	03/24	0.81 mi	Mousehold Lane, NR7	2	Flat
£995	07/24	0.86 mi	Sprowston Road, Norwich	2	Terraced House
£995	08/24	0.86 mi	Sprowston Road, Norwich	2	Terraced House
£795	12/24	0.87 mi	Rowan Court, Plantation Drive, Norwich	2	Flat
£1,200	06/24	0.88 mi	Denton Road, Norwich	2	Detached House
£950	06/24	0.88 mi	Pine Court, Plantation Drive, Norwich, Norfolk, NR7	2	Flat
£900	06/24	0.92 mi	Windmill Court, Norwich, NR3	2	Flat
£825	12/24	0.96 mi	-	2	Flat
£825	12/24	0.96 mi	-	2	Flat
£1,525	12/24	0.96 mi	-	2	Flat
£895	07/24	0.97 mi	Anthony Drive, Norwich, NR3	2	Terraced House
£1,050	03/24	0.97 mi	Catton, North Of The City	2	Terraced House
£850	06/24	1 mi	Brockwell Court, Norwich, NR3	2	Semi-Detached House
£975	06/24	1.01 mi	Egyptian Goose Road, NR7 8FN	2	Flat
£895	06/24	1.17 mi	St Faiths Lane, Old Catton, NR6	2	Terraced House
£1,200	12/24	1.23 mi	Pennyroyal, Norwich, NR6	2	Semi-Detached House

Local Area Statistics

Population in NR7	32,04632,046
Population in Norwich	366,887366,887
Town centre distance	1.92 miles away1.92 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	2.47 miles away2.47 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+25%+25%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £160,000

January 2, 2025

Sold for £133,000

2018

Sold for £117,500

2014

Sold for £127,000

2007

Sold for £46,500

2000

Sold for £32,500

1995

Floor Plans

Description

FIRST FLOOR FLAT +
TWO BEDROOMS +
MODERN KITCHEN AND BATHROOM +
GARAGE +
IDEAL FIRST TIME PURCHASE +

GUIDE PRICE £160,000 TO £170,000STUNNING FLAT WITH A GARAGE** Gilson Bailey are delighted to offer this WELL PRESENTED, TWO BEDROOM, FIRST FLOOR FLAT tucked away in a private spot in the sought after suburb of Sprowston. Accommodation comprising communal entrance, private entrance hall, lounge, modern fitted kitchen, stylish bathroom and TWO BEDROOMS. Outside there are communal lawned gardens and a EN-BLOC GARAGE. The flat benefits from a 999 year lease, double glazing, gas heating and has been modernised throughout to a very high standard by the current vendor. The property would make an excellent first time purchase so be quick to book a viewing.

Location - This desirable suburb lies to the north-east of Norwich and offers a good selection of amenities to include schooling for all ages, local doctors surgery, popular shops, supermarkets, pubs and restaurants. There is excellent public transport links to and from the City centre including the Sprowston Park & Ride service. There is ease of access to the Norwich Ring Road, NDR and Norfolk Broads.

Accommodation Comprises - Communal entrance with stairs to first floor. Front door to:

Entrance Hall - Doors to lounge, kitchen, two bedrooms and bathroom.

Lounge - 3.78 x 3.34 (12'4" x 10'11") - Double glazed window, radiator.

Kitchen - 3.27 x 1.92 (10'8" x 6'3") - Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge/freezer and washing machine, double glazed window.

Bedroom One - 3.32 x 2.75 (10'10" x 9'0") - Double glazed window, radiator.

Bedroom Two - 3.26 x 1.90 (10'8" x 6'2") - Double glazed window, radiator.

Bathroom - 2.30 x 1.61 (7'6" x 5'3") - Panelled bath with shower over, low level WC, hand wash basin, heated towel rail, frosted double glazed window.

Outside - Communal lawned gardens and an en-bloc garage.

Local Authority - Broadland District Council, Tax Band A.

Tenure - Leasehold – Term 999 years from 19 December 1980. Please note service/maintenance charges are ground rent combined are £50 per month. For further information, please contact the office.

Utilities - Ultrafast full fibre broadband available.
Mains water and electric.