2 Bed Flat, Single Let, Norwich, NR1 3SZ, £125,000

Surrey Street, Norwich, NR1 3SZ - 2 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 12%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£46.3K - £325K
Sold Prices/m²	£756/m² - £4.2K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£150,000£150,000
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£36,200£36,200

Cash Out
Rent Range	£950 - £1,950£950 - £1,950
Rent Estimate	£950
Running Costs/mo	£601£601
Cashflow/mo	£349£349
Cashflow/yr	£4,193£4,193
ROI	12%12%
Gross Yield	9%9%

Local Sold Prices

50 sold prices from £46.3K to £325K, average is £167K. £756/m² to £4.2K/m², average is £2.5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£150K	10/21	0.08 mi	33, Brooke Place, Norwich, Norfolk NR1 3EX	-	-	2	Flat
£168K	05/23	0.13 mi	31, Horns Lane, Norwich, Norfolk NR1 3ER	£2,545	66	2	Flat
£158K	08/23	0.16 mi	26, Mariners Lane, Norwich, Norfolk NR1 3AF	£2,469	64	2	Flat
£147.5K	10/21	0.16 mi	42, Mariners Lane, Norwich, Norfolk NR1 3AF	£2,305	64	2	Flat
£140K	07/21	0.19 mi	16, Gordon Square, Norwich, Norfolk NR1 3HJ	£2,419	58	2	Flat
£132.5K	07/23	0.19 mi	9, Gordon Square, Norwich, Norfolk NR1 3HJ	-	-	2	Flat
£138K	09/21	0.19 mi	23, Gordon Square, Norwich, Norfolk NR1 3HJ	£2,300	60	2	Flat
£140K	10/23	0.22 mi	36, Trafalgar Street, Norwich, Norfolk NR1 3HN	£2,288	61	2	Flat
£185K	08/23	0.22 mi	Flat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ	-	-	2	Flat
£218K	11/20	0.25 mi	5, Maltsters Yard, Norwich, Norfolk NR1 1RQ	£3,633	60	2	Flat
£160K	01/24	0.25 mi	71, Trafalgar Street, Norwich, Norfolk NR1 3HW	£2,540	63	2	Flat
£203K	09/21	0.27 mi	156, Brazen Gate, Norwich, Norfolk NR1 3SB	£3,274	62	2	Flat
£162K	04/23	0.29 mi	14, Southwell Road, Norwich, Norfolk NR1 3HS	£2,613	62	2	Flat
£138K	01/24	0.3 mi	91, Southwell Road, Norwich, Norfolk NR1 3HU	£2,190	63	2	Flat
£260K	11/21	0.31 mi	17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ	£2,766	94	2	Flat
£270K	10/20	0.32 mi	Apartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG	-	-	2	Flat
£160K	05/23	0.34 mi	15, Abbey Court, Norwich, Norfolk NR1 2AW	£2,435	66	2	Flat
£162K	01/23	0.35 mi	3, Milton Close, Norwich, Norfolk NR1 3HX	£2,909	56	2	Flat
£147.5K	05/21	0.35 mi	21, Milton Close, Norwich, Norfolk NR1 3HX	£2,500	59	2	Flat
£310K	06/21	0.35 mi	47, Chapel Field East, Norwich, Norfolk NR2 1SF	£3,605	86	2	Flat
£165K	10/23	0.35 mi	Flat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ	-	-	2	Flat
£325K	01/23	0.36 mi	Flat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG	-	-	2	Flat
£150K	03/21	0.38 mi	The Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD	-	-	2	Flat
£150K	12/23	0.38 mi	27, Wherry Road, Norwich, Norfolk NR1 1WS	£4,167	36	2	Flat
£140K	01/21	0.38 mi	13, Wherry Road, Norwich, Norfolk NR1 1WS	£2,979	47	2	Flat
£173.5K	03/23	0.38 mi	2, Wherry Road, Norwich, Norfolk NR1 1WS	£2,669	65	2	Flat
£190K	03/23	0.42 mi	29, Wessex Street, Norwich, Norfolk NR2 2TJ	-	-	2	Flat
£92.5K	12/22	0.42 mi	17, Wessex Street, Norwich, Norfolk NR2 2TJ	£1,595	58	2	Flat
£200K	01/23	0.42 mi	7, Wessex Street, Norwich, Norfolk NR2 2TJ	£3,540	57	2	Flat
£46.3K	03/21	0.42 mi	39, Wessex Street, Norwich, Norfolk NR2 2TJ	£756	61	2	Flat
£180K	05/23	0.42 mi	7, Lady Mary Road, Norwich, Norfolk NR1 2QZ	£2,069	87	2	Flat
£180K	10/21	0.44 mi	4, Maidstone Road, Norwich, Norfolk NR1 1EA	£2,484	72	2	Flat
£172.5K	11/23	0.44 mi	49, Maidstone Road, Norwich, Norfolk NR1 1EA	£2,695	64	2	Flat
£177K	07/23	0.47 mi	27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH	£2,855	62	2	Flat
£170K	11/22	0.47 mi	18, Wessex Street, Norwich, Norfolk NR2 2SP	£2,125	80	2	Flat
£177K	04/21	0.5 mi	25, Patricia Road, Norwich, Norfolk NR1 2PE	£2,329	76	2	Flat
£174K	11/20	0.5 mi	19, Patricia Road, Norwich, Norfolk NR1 2PE	£2,559	68	2	Flat
£177.5K	08/23	0.5 mi	12, Patricia Road, Norwich, Norfolk NR1 2PE	£2,689	66	2	Flat
£143K	04/21	0.51 mi	39, Patricia Road, Norwich, Norfolk NR1 2PE	£2,167	66	2	Flat
£200K	04/24	0.51 mi	45, St Albans Road, Norwich, Norfolk NR1 2QX	£2,273	88	2	Flat
£155K	11/20	0.53 mi	24, Norfolk Street, Norwich, Norfolk NR2 2SN	£2,583	60	2	Flat
£166K	10/21	0.56 mi	18, Ingram Court, Norwich, Norfolk NR1 2PY	£2,964	56	2	Flat
£212.5K	05/23	0.58 mi	28, Christopher Close, Norwich, Norfolk NR1 2PQ	£2,796	76	2	Flat
£210K	10/23	0.58 mi	25, Christopher Close, Norwich, Norfolk NR1 2PQ	£3,000	70	2	Flat
£213.5K	02/24	0.58 mi	9, Christopher Close, Norwich, Norfolk NR1 2PQ	£2,773	77	2	Flat
£107.5K	12/23	0.58 mi	79, Ingram Court, Norwich, Norfolk NR1 2HQ	-	-	2	Flat
£128K	09/23	0.58 mi	24, Johnson Place, Norwich, Norfolk NR2 2SA	£1,622	79	2	Flat
£181K	03/21	0.6 mi	Flat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY	-	-	2	Flat
£181K	03/21	0.6 mi	Flat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY	-	-	2	Flat
£160K	12/23	0.6 mi	15, Eagle Walk, Norwich, Norfolk NR2 2JA	£2,222	72	2	Flat

Local Rents

51 rents from £950/mo to £1.9K/mo, average is £1.2K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	06/24	0.03 mi	Surrey Street, Norwich	2	Flat
£1,250	12/24	0.05 mi	Sentinel House, Norwich, NR1	2	Flat
£1,100	06/24	0.05 mi	Surrey Street, Norwich	2	Flat
£1,300	12/24	0.05 mi	Norwich, NR1	2	Flat
£1,350	02/24	0.06 mi	-	2	Flat
£1,350	06/24	0.06 mi	-	2	Flat
£1,300	12/24	0.06 mi	-	2	Flat
£1,350	12/24	0.06 mi	-	2	Flat
£1,350	12/24	0.06 mi	-	2	Flat
£1,250	12/24	0.06 mi	Surrey Street, Norwich	2	Flat
£1,350	06/24	0.06 mi	Sentinel House, Norwich, NR1	2	Flat
£1,200	12/24	0.06 mi	Sentinel House, Surrey Street, Norwich	2	House
£1,350	06/24	0.06 mi	Surrey Street, NORWICH	2	Flat
£1,300	12/24	0.06 mi	Surrey Street, NORWICH	2	Flat
£1,275	12/24	0.07 mi	-	2	Flat
£1,000	06/24	0.07 mi	2 bedroom property in Surrey Street, Norwich	2	Flat
£1,000	06/24	0.08 mi	Surrey Street, NORWICH	2	Flat
£1,100	06/24	0.08 mi	Surrey Street, NORWICH	2	Flat
£1,100	06/24	0.08 mi	2 bedroom property in Surrey Street, Norwich	2	Flat
£1,000	06/24	0.08 mi	Sentinel House, Surrey Street, NORWICH	2	Flat
£1,350	06/24	0.08 mi	Surrey Street, Norwich, Norfolk, NR1	2	Flat
£1,400	02/25	0.08 mi	-	2	Flat
£1,550	12/24	0.11 mi	-	2	Semi-Detached House
£1,200	12/24	0.14 mi	Ashby Street, NORWICH	2	House
£1,150	01/25	0.16 mi	-	2	Flat
£1,250	05/24	0.16 mi	-	2	Flat
£1,200	06/24	0.18 mi	City Centre, NR1	2	Flat
£950	06/24	0.19 mi	Emms Court, Norwich	2	Flat
£1,000	12/24	0.21 mi	Trafalgar Street, Norwich	2	Flat
£1,600	03/24	0.22 mi	Westlegate, Norwich	2	Flat
£1,200	12/24	0.25 mi	Drays Yard, NORWICH	2	Flat
£950	06/24	0.25 mi	Rouen Road, Norwich, Norfolk, NR1	2	Flat
£950	06/24	0.25 mi	Rouen Road, Norwich, Norfolk, NR1	2	Flat
£1,150	12/24	0.25 mi	City Road, Norwich, NR1	2	Terraced House
£1,050	06/24	0.26 mi	City Road	2	Flat
£1,250	12/24	0.27 mi	Cattle Market Street, NORWICH	2	Flat
£1,200	12/24	0.27 mi	23 Cattle Market Street, NORWICH	2	Flat
£1,050	03/24	0.27 mi	Brazen Gate, Norwich, Norfolk, NR1	2	Flat
£975	12/24	0.27 mi	Regina Road, NR1 3QZ	2	Flat
£1,050	06/24	0.27 mi	Scoles Green, Norwich	2	Flat
£1,200	02/24	0.27 mi	-	2	Flat
£1,200	12/24	0.27 mi	-	2	Flat
£1,300	01/25	0.28 mi	-	2	Terraced House
£1,250	06/24	0.28 mi	St Peters House, Cattlemarket Street, Norwich	2	Flat
£975	06/24	0.29 mi	Kingsley Road, Norwich	2	Flat
£1,150	12/24	0.3 mi	Needham Place, Norwich	2	Flat
£1,200	06/24	0.31 mi	Lords Gardens, NR1 1FY	2	Flat
£1,550	06/24	0.31 mi	Lords Gardens, NR1 1FY	2	Flat
£1,200	06/24	0.31 mi	Lords Gardens, NR1 1FY	2	Flat
£1,250	06/24	0.31 mi	Lords Gardens, NR1 1FY	2	Flat
£1,950	12/24	0.31 mi	Lords Gardens, NR1 1FY	2	Flat

Local Area Statistics

Population in NR1	24,54024,540
Population in Norwich	366,887366,887
Town centre distance	1.19 miles away1.19 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.51 miles away0.51 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+39%+39%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+10%+10%

Property History

Listed for £125,000

January 29, 2025

Floor Plans

Description

No description available.

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

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