2 Bed Flat, Single Let, Norwich, NR4 7PP, £185,000

Leasehold

BTL

ROI: 3%

~68 m²

+5 photos

ValuationUndervalued

Sold Prices	£46.3K - £435K
Sold Prices/m²	£756/m² - £4.4K/m²

Square Metres	~68.11 m²
Price/m²	£2.7K/m²
Value Estimate	£190,043£190,043
BMV	3%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£46,250£46,250
Stamp Duty & Legal Fees	£10,450£10,450
Total Cash In	£56,700£56,700

Cash Out
Rent Range	£925 - £1,500£925 - £1,500
Rent Estimate	£925
Running Costs/mo	£783£783
Cashflow/mo	£142£142
Cashflow/yr	£1,703£1,703
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £46.3K to £435K, average is £160K. £756/m² to £4.4K/m², average is £2.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£170K	06/21	0 mi	44, Cairns Court, Norwich, Norfolk NR4 7PT	£2,564	66	2	Flat
£170K	05/24	0 mi	37, Cairns Court, Norwich, Norfolk NR4 7PT	£2,787	61	2	Flat
£150K	08/23	0 mi	41, Cairns Court, Norwich, Norfolk NR4 7PT	-	-	2	Flat
£155K	07/23	0 mi	40, Cairns Court, Norwich, Norfolk NR4 7PT	-	-	2	Flat
£220K	01/23	0.23 mi	83, Plantsman Close, Norwich, Norfolk NR2 2NJ	£3,056	72	2	Flat
£231.5K	05/23	0.34 mi	25, Mornington Road, Norwich, Norfolk NR2 3NA	£3,630	64	2	Flat
£435K	01/21	0.47 mi	199a, Unthank Road, Norwich, Norfolk NR2 2PQ	£4,343	100	2	Flat
£220K	12/22	0.5 mi	99, Brentwood, Norwich, Norfolk NR4 6PN	-	-	2	Flat
£325K	02/21	0.51 mi	5, Irving Road, Norwich, Norfolk NR4 6RA	-	-	2	Flat
£160K	12/23	0.62 mi	15, Eagle Walk, Norwich, Norfolk NR2 2JA	£2,222	72	2	Flat
£155K	06/21	0.67 mi	16, Wakehurst Close, Norwich, Norfolk NR4 6JL	-	-	2	Flat
£167.5K	07/23	0.68 mi	Flat 13, Sebald House, Kinghorn Road, Norwich, Norfolk NR2 3PU	-	-	2	Flat
£162.5K	08/23	0.68 mi	Flat 10, Sebald House, Kinghorn Road, Norwich, Norfolk NR2 3PU	-	-	2	Flat
£170K	02/21	0.69 mi	12, Sumpter Road, Norwich, Norfolk NR4 7BX	£2,897	59	2	Flat
£125K	09/23	0.69 mi	26, Sumpter Road, Norwich, Norfolk NR4 7BX	£2,183	57	2	Flat
£157K	06/21	0.69 mi	18, Norgate Road, Norwich, Norfolk NR4 7BT	£2,707	58	2	Flat
£155K	05/21	0.69 mi	14, Norgate Road, Norwich, Norfolk NR4 7BT	£2,818	55	2	Flat
£185K	12/23	0.69 mi	26, Norgate Road, Norwich, Norfolk NR4 7BT	£3,839	48	2	Flat
£160K	04/23	0.69 mi	Flat 5, Bradbury House, Kinghorn Road, Norwich, Norfolk NR2 3PT	-	-	2	Flat
£67.5K	12/20	0.69 mi	Flat 15, Bradbury House, Kinghorn Road, Norwich, Norfolk NR2 3PT	-	-	2	Flat
£165K	09/21	0.71 mi	24, Peckover Road, Norwich, Norfolk NR4 7BL	£2,845	58	2	Flat
£160K	06/23	0.74 mi	28, Pettus Road, Norwich, Norfolk NR4 7BY	£3,471	46	2	Flat
£227.5K	08/21	0.78 mi	183a, College Road, Norwich, Norfolk NR2 3JD	£3,250	70	2	Flat
£160K	06/23	0.8 mi	113, Robin Hood Road, Norwich, Norfolk NR4 6BT	£3,478	46	2	Flat
£140K	08/22	0.8 mi	82, Lakenham Road, Norwich, Norfolk NR4 6BB	-	-	2	Flat
£158K	11/23	0.8 mi	94, Lakenham Road, Norwich, Norfolk NR4 6BB	£2,793	57	2	Flat
£137K	05/21	0.8 mi	80, Lakenham Road, Norwich, Norfolk NR4 6BB	£2,446	56	2	Flat
£200K	04/24	0.81 mi	45, St Albans Road, Norwich, Norfolk NR1 2QX	£2,273	88	2	Flat
£125K	01/24	0.82 mi	111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP	£1,873	67	2	Flat
£227.5K	08/21	0.83 mi	183a, College Road, Norwich, Norfolk NR2 3JD	£3,250	70	2	Flat
£150K	03/21	0.83 mi	The Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD	-	-	2	Flat
£177K	07/23	0.84 mi	27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH	£2,855	62	2	Flat
£135.7K	11/21	0.84 mi	24, Chalfont Walk, Norwich, Norfolk NR4 7NH	-	-	2	Flat
£125K	03/21	0.84 mi	151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS	£2,119	59	2	Flat
£150K	03/23	0.85 mi	81a, Scarlet Road, Norwich, Norfolk NR4 6BW	£4,412	34	2	Flat
£147.5K	09/23	0.85 mi	23, Scarlet Road, Norwich, Norfolk NR4 6BW	£3,431	43	2	Flat
£150K	03/21	0.85 mi	174, North Park Avenue, Norwich, Norfolk NR4 7EQ	£2,478	61	2	Flat
£165K	10/23	0.85 mi	Flat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ	-	-	2	Flat
£190K	08/23	0.86 mi	160, North Park Avenue, Norwich, Norfolk NR4 7EQ	£3,393	56	2	Flat
£155K	11/20	0.86 mi	24, Norfolk Street, Norwich, Norfolk NR2 2SN	£2,583	60	2	Flat
£170K	11/22	0.86 mi	18, Wessex Street, Norwich, Norfolk NR2 2SP	£2,125	80	2	Flat
£160K	11/22	0.87 mi	125, Ipswich Road, Norwich, Norfolk NR4 6LD	£2,810	57	2	Flat
£180K	05/23	0.87 mi	7, Lady Mary Road, Norwich, Norfolk NR1 2QZ	£2,069	87	2	Flat
£325K	03/21	0.88 mi	2, Ebbisham Drive, Norwich, Norfolk NR4 6HN	-	-	2	Flat
£120K	04/21	0.88 mi	7, Locksley Road, Norwich, Norfolk NR4 6LG	£2,069	58	2	Flat
£100K	02/21	0.88 mi	52, Park Lane, Norwich, Norfolk NR2 3EF	£1,754	57	2	Flat
£155K	06/21	0.89 mi	60a, Nasmith Road, Norwich, Norfolk NR4 7BJ	£2,768	56	2	Flat
£190K	03/23	0.89 mi	29, Wessex Street, Norwich, Norfolk NR2 2TJ	-	-	2	Flat
£200K	01/23	0.89 mi	7, Wessex Street, Norwich, Norfolk NR2 2TJ	£3,540	57	2	Flat
£46.3K	03/21	0.89 mi	39, Wessex Street, Norwich, Norfolk NR2 2TJ	£756	61	2	Flat

Local Rents

30 rents from £925/mo to £1.5K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£925	12/24	0 mi	Cairns Court, Norwich, NR4	2	Flat
£925	12/24	0.01 mi	Cairns Court, NR4	2	Flat
£1,350	12/24	0.12 mi	Upton Road, Norwich, NR4	2	Terraced House
£1,200	06/24	0.36 mi	-	2	Terraced House
£1,100	06/24	0.4 mi	Muriel Road, Norwich, NR2	2	Terraced House
£1,425	04/25	0.45 mi	-	2	Terraced House
£1,100	12/24	0.46 mi	Turnberry, Norwich	2	Flat
£1,400	06/24	0.47 mi	Unthank Road, NORWICH	2	Flat
£1,195	11/24	0.47 mi	-	2	Terraced House
£1,100	06/24	0.5 mi	Bury Street, Norwich	2	Terraced House
£1,250	06/24	0.5 mi	-	2	Terraced House
£1,150	07/24	0.51 mi	Bury Street, NORWICH	2	Terraced House
£1,200	03/24	0.51 mi	Bury Street, Norwich, NR2 2DN	2	Terraced House
£1,100	06/24	0.52 mi	Bury Street, NORWICH	2	Terraced House
£950	06/24	0.52 mi	Bury Street, Norwich, NR2	2	Terraced House
£1,100	07/24	0.52 mi	Glebe Road, Norwich, NR2	2	Terraced House
£1,100	08/24	0.52 mi	Glebe Road, Norwich, NR2	2	Terraced House
£1,100	09/24	0.52 mi	-	2	Terraced House
£1,200	06/24	0.53 mi	Albert Terrace, Norwich, NR2	2	Terraced House
£1,200	06/24	0.53 mi	Albert Terrace, Norwich, NR2	2	Terraced House
£1,100	06/24	0.53 mi	Hill Street, Norwich	2	Terraced House
£1,090	06/24	0.53 mi	-	2	Terraced House
£1,100	06/24	0.53 mi	Newmarket Street, Norwich	2	Flat
£1,500	12/24	0.55 mi	Harford House, Norwich	2	Flat
£1,250	06/24	0.56 mi	Onley Street, Norwich	2	Flat
£1,200	09/24	0.59 mi	Allens Lane, Norwich, Norfolk, NR2	2	Terraced House
£1,300	03/24	0.6 mi	College Road, Norwich, NR2	2	Terraced House
£1,200	06/24	0.6 mi	Unthank Road, NORWICH	2	Flat
£1,200	06/24	0.62 mi	Leicester Street, Norwich, NR2	2	Terraced House
£950	07/24	0.62 mi	Newmarket Street, Norwich, NR2	2	Terraced House

Local Area Statistics

Population in NR4	22,33122,331
Population in Norwich	366,887366,887
Town centre distance	1.91 miles away1.91 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.72 miles away1.72 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-15%-15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Price changed to £185,000

February 20, 2025

Price changed to £190,000

January 19, 2025

Listed for £195,000

January 6, 2025

Description

Purpose built apartment +
Two double bedrooms +
Private balcony +
Sought after location +
Ideal first time buy +
Viewing advised +

abbotFox presents this purpose built, two bedroom apartment. Set just off the prestigious Newmarket Road in Norwich, this home allows for easy access to Norwich City Centre and a variety of local amenities. The accommodation is neatly arranged and comprises; an entrance hall, lounge diner, with access to a private balcony, kitchen, two double bedrooms and a family bathroom. An ideal opportunity for any first time buyer, an internal viewing comes highly recommended.

Guide Price £185,000 - £195,000

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

2 Bed Flat, Single Let, Norwich, NR4 7PT

£150,000

5 months ago • 68 m²

3 Bed House, Single Let, Norwich, NR4 7AD

£525,000

2 views • 3 months ago • 93 m²

3 Bed House, Single Let, Norwich, NR4 7AD

£525,000

a month ago • 93 m²

6 Bed House, Single Let, Norwich, NR4 6SZ

£875,000

1 views • 3 months ago • 186 m²

2 Bed Flat, Single Let, Norwich, NR4 7PP, £185,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

Similar Properties

2 Bed Flat, Single Let, Norwich, NR4 7PT

3 Bed House, Single Let, Norwich, NR4 7AD

3 Bed House, Single Let, Norwich, NR4 7AD

6 Bed House, Single Let, Norwich, NR4 6SZ

Cashflows

Local Sold Prices

Local Rents