2 Bed Terraced House, Single Let, Norwich, NR1 2GG, £350,000

Paper Mill Yard, Norwich, NR1 2GG - 3 months ago

Leasehold
BTL
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£138K - £435K
Sold Prices/m²£2.3K/m² - £5.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.1K/m²

Value Estimate

£212,847

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Total Cash In

£111,200

 

 

Cash Out

 

Rent Range

£1,050 - £1,600

Rent Estimate

£1,050

Running Costs/mo

£1,324

Cashflow/mo

£-274

Cashflow/yr

£-3,285

Gross Yield

4%

Local Sold Prices

50 sold prices from £138K to £435K, average is £223.8K. £2.3K/m² to £5.9K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£138K11/230.09 mi6, Alan Road, Norwich, Norfolk NR1 2BX2
£208K07/240.12 mi6, Stuart Road, Norwich, Norfolk NR1 2BY2
£205K03/210.15 mi252, King Street, Norwich, Norfolk NR1 2BU2
£350K04/240.17 mi58c, Bracondale, Norwich, Norfolk NR1 2AP2
£258K04/240.2 mi74, Bracondale, Norwich, Norfolk NR1 2BE2
£192.5K10/200.2 mi3a, Milverton Road, Norwich, Norfolk NR1 2AR2
£250K08/230.2 mi7, Bracondale Court, Norwich, Norfolk NR1 2AS2
£213.5K01/210.22 mi6, Bracondale Green, Norwich, Norfolk NR1 2AG2
£229K05/210.23 mi22, Bracondale, Norwich, Norfolk NR1 2AF2
£225K07/210.25 mi20, Doman Road, Norwich, Norfolk NR1 3AW2
£315K07/230.25 mi49, Cricket Ground Road, Norwich, Norfolk NR1 3BQ2
£240K04/230.25 mi47, Cricket Ground Road, Norwich, Norfolk NR1 3BQ2
£340K12/230.25 mi30, Cricket Ground Road, Norwich, Norfolk NR1 3BQ2
£215K11/230.25 mi8, Geoffrey Road, Norwich, Norfolk NR1 3BN2
£435K06/210.25 mi69, Kerrison Road, Norwich, Norfolk NR1 1JB2
£195K01/230.25 mi3, Kerrison Road, Norwich, Norfolk NR1 1JB2
£270K11/230.26 mi6, Bellville Crescent, Norwich, Norfolk NR1 3AR2
£250K01/210.26 mi6, Bellville Crescent, Norwich, Norfolk NR1 3AR2
£266K12/230.27 mi32, Carshalton Road, Norwich, Norfolk NR1 3BW2
£273K12/220.27 mi41, Carshalton Road, Norwich, Norfolk NR1 3BW2
£160K02/210.28 mi226, Queens Road, Norwich, Norfolk NR1 3HG2
£200K08/210.3 mi23, Hardy Road, Norwich, Norfolk NR1 1JL2
£238K04/230.3 mi13, Hardy Road, Norwich, Norfolk NR1 1JL2
£220K06/230.3 mi23, Hardy Road, Norwich, Norfolk NR1 1JL2
£212K08/210.31 mi4, Carlyle Road, Norwich, Norfolk NR1 3AB2
£300K11/230.31 mi37, Carlyle Road, Norwich, Norfolk NR1 3AB2
£190K11/200.31 mi48, Carlyle Road, Norwich, Norfolk NR1 3AB2
£225K11/210.31 mi47, Carlyle Road, Norwich, Norfolk NR1 3AB2
£185K06/210.31 mi46, Carlyle Road, Norwich, Norfolk NR1 3AB2
£195K12/220.31 mi20, Carlyle Road, Norwich, Norfolk NR1 3AB2
£240K11/230.31 mi35, Carlyle Road, Norwich, Norfolk NR1 3AB2
£185.1K08/230.31 mi11, Carlyle Road, Norwich, Norfolk NR1 3AB2
£192K02/230.31 mi19, Carlyle Road, Norwich, Norfolk NR1 3AB2
£285K04/240.32 mi4, Cricket Ground Road, Norwich, Norfolk NR1 3BA2
£310K10/220.32 mi6, Mariners Lane, Norwich, Norfolk NR1 3AF2
£158.5K01/230.32 mi21, Mariners Lane, Norwich, Norfolk NR1 3AF2
£170K12/200.33 mi43, Hardy Road, Norwich, Norfolk NR1 1JN2
£210K03/210.35 mi20, Jubilee Terrace, Norwich, Norfolk NR1 2HT2
£200K04/240.35 mi13, Jubilee Terrace, Norwich, Norfolk NR1 2HT2
£240.6K11/210.39 mi3, Cyprus Street, Norwich, Norfolk NR1 3AX2
£230K12/200.39 mi35, Cyprus Street, Norwich, Norfolk NR1 3AX2
£222.5K02/230.39 mi31, Cyprus Street, Norwich, Norfolk NR1 3AX2
£256K11/230.39 mi30, Cyprus Street, Norwich, Norfolk NR1 3AX2
£162K03/210.4 mi23, Harford Street, Norwich, Norfolk NR1 3AY2
£180K01/210.4 mi16, Harford Street, Norwich, Norfolk NR1 3AY2
£230K03/240.42 mi87, Carrow Road, Norwich, Norfolk NR1 1HP2
£160K04/230.42 mi89, Carrow Road, Norwich, Norfolk NR1 1HP2
£340K07/230.42 mi15, Cedar Road, Norwich, Norfolk NR1 1HL2
£195K04/210.45 mi12, Harbour Road, Norwich, Norfolk NR1 1HN2
£296.5K07/230.51 mi118b, Thorpe Road, Norwich, Norfolk NR1 1RT2

Local Rents

52 rents from £1.1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,20006/240 miBlue Mill, Paper Mill Yard2
£1,20012/240 miNorwich, NR12
£1,30006/240.04 mi-2
£1,30006/240.04 miPaper Mill Yard, Norwich, NR12
£1,20012/240.04 mi-2
£1,10006/240.04 miPaper Mill Yard, King Street, Norwich, NR12
£1,40006/240.08 miThe Malt House, NR1 2TP2
£1,05006/240.08 miAllison Bank, Geoffrey Watling Way, Norwich2
£1,30006/240.09 miGeoffrey Watling Way, NORWICH2
£1,40006/240.09 miCity Centre, Norwich, NR12
£1,20010/240.09 mi-2
£1,60006/240.1 miNorwich, NR12
£1,40006/240.11 miKing Street, Norwich2
£1,09512/240.11 miGeoffrey Watling Way, Norwich, Norfolk, NR12
£1,35012/240.11 miLochhead Bank, NR1 1GF2
£1,25012/240.12 miLochhead Bank, Norwich2
£1,50004/250.12 mi-2
£1,35006/240.12 miNew Ferry Yard2
£1,05012/240.13 miRobinson Bank, Norwich, NR1 1GG2
£1,20006/240.14 miKing Street, Norwich2
£1,45012/240.14 mi-2
£1,55004/250.14 mi-2
£1,55004/250.14 mi-2
£1,45012/240.14 miSolace, Norwich, NR12
£1,35003/250.17 mi-2
£1,45003/250.17 mi-2
£1,30004/240.17 mi-2
£1,55003/240.18 mi-2
£1,30006/240.19 miWherry Road, NORWICH2
£1,35012/240.19 miWherry Road, Norwich, Norfolk, NR12
£1,25006/240.19 miKing Street, NORWICH2
£1,20006/240.22 miCanary Quay, NR12
£1,20006/240.22 miCanary Quay, NR12
£1,35012/240.22 miRichard Hawthorn House, NR1 1GS2
£1,40006/240.22 miGeoffrey Watling Way, NORWICH2
£1,60012/240.22 miRichard Hawthorne House, Norwich2
£1,35012/240.23 miGeoffrey Watling Way, Norwich, NR12
£1,50002/240.23 mi-2
£1,05006/240.25 miCity Road2
£1,10006/240.25 miCarrow Road, Norwich2
£1,10006/240.26 mi-2
£1,10012/240.26 mi-2
£1,15002/250.26 mi-2
£1,30012/240.26 miNorwich, NR12
£1,10012/240.26 miWherry Road, Norwich2
£1,27009/240.26 mi-2
£1,15012/240.26 mi-2
£1,20012/240.26 mi-2
£1,20012/240.26 mi-2
£1,15012/240.28 miCity Road, Norwich, NR12
£1,25012/240.29 miEast Bank, Wherry Road, Norwich, NR12
£1,20012/240.3 miCarlyle Road, Norwich2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.51 miles away

Nearest school

0.40 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £350,000

March 16, 2025

Listed for £375,000

January 15, 2025

Floor Plans

Description

  • Recently renovated penthouse apartment +
  • Two bedrooms +
  • Panoramic views of the city +
  • Ensuite & family bathroom +
  • Balcony +

SUMMARY
THIS IMMACULATELY PRESENTED TWO BEDROOM PENTHOUSE APARTMENT is situated on the sixth floor and therefore offers elevated and panoramic views across much of the city. The property has recently undergone a thorough renovation by the current owner. Viewings are highly recommended!!

DESCRIPTION
William H Brown Norwich are delighted to present to the market THIS IMMACULATELY PRESENTED TWO BEDROOM PENTHOUSE APARTMENT which has recently undergone a thorough renovation by the current owner, with works including new kitchen, bathroom, ensuite and decorating throughout. The penthouse apartment is situated on the sixth floor and therefore offers elevated and panoramic views across much of the city. The lounge alone offers views across the Cathedral, Carrow Road, the castle as well as the skyline of the surrounding area. Internally the property offers a sumptuous living accommodation with "black on black" kitchen, high quality bathroom, two double bedrooms (one with ensuite shower room). Externally, the property offers access to an unrivalled roof terrace and boasts spectacular views from every vantage point.

To schedule a viewing of this very special home, please contact the office in your first instance!!

Entrance Hall 
LVT flooring.

Lounge 25' 7" x 21' 2" ( 7.80m x 6.45m )
French doors to balcony, windows to front & rear, LVT flooring and underfloor heating.

Kitchen 16' 5" x 8' 4" ( 5.00m x 2.54m )
Wall & base units, stone work surfaces, underlit counter, boiling tap, integrated washing machine, integrated dishwasher, electric oven, integrated microwave, venting hob and integrated fridge/ freezer.

Bedroom One 13' 9" x 16' 4" ( 4.19m x 4.98m )
Window to front, underfloor heating, carpeted floor, built in wardrobe and door to ensuite:-

Ensuite 
Walk in shower cubicle, wash hand basin, wc, heated towel rail and underfloor heating.

Bedroom Two 13' 9" x 8' 11" ( 4.19m x 2.72m )
Window to rear, carpeted floor and underfloor heating.

Bathroom 
Bath with shower over, wash hand basin, wc, extractor fan, radiator, tiled walls and tiled flooring.

Lease details are currently being compiled. For 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

01603 361933

Next Steps?

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