3 Bed Flat, Single Let, Norwich, NR2 1GG, £450,000

The Old Barley Market, Norwich, NR2 1GG - 2 months ago

Sold STC

BTL

~93 m²

+12 photos

ValuationOvervalued

Sold Prices	£132.5K - £435K
Sold Prices/m²	£1.7K/m² - £4.3K/m²

Square Metres	~93 m²
Price/m²	£4.8K/m²
Value Estimate	£186,000£186,000

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£112,500£112,500
Stamp Duty & Legal Fees	£24,700£24,700
Total Cash In	£137,200£137,200

Cash Out
Rent Range	£1,050 - £2,500£1,050 - £2,500
Rent Estimate	£1,200
Running Costs/mo	£1,666£1,666
Cashflow/mo	£-466£-466
Cashflow/yr	£-5,595£-5,595
Gross Yield	3%3%

Local Sold Prices

24 sold prices from £132.5K to £435K, average is £163.8K. £1.7K/m² to £4.3K/m², average is £2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£284.5K	08/23	0.18 mi	55, Chapel Field East, Norwich, Norfolk NR2 1SF	£2,610	109	3	Flat
£169.5K	11/22	0.23 mi	49, Johnson Place, Norwich, Norfolk NR2 2SA	-	-	3	Flat
£142.5K	03/21	0.24 mi	18, Walpole Gardens, Norwich, Norfolk NR2 1RU	£1,750	81	3	Flat
£162.5K	01/23	0.24 mi	40, Walpole Gardens, Norwich, Norfolk NR2 1RU	£2,201	74	3	Flat
£190K	11/21	0.32 mi	3, Water Lane, Norwich, Norfolk NR3 1DD	-	-	3	Flat
£326K	04/21	0.34 mi	18, St Michael At Pleas, Norwich, Norfolk NR3 1EP	-	-	3	Flat
£144K	05/21	0.34 mi	5, Globe Place, Norwich, Norfolk NR2 2SG	£1,751	82	3	Flat
£395K	08/23	0.34 mi	18, St Michael At Pleas, Norwich, Norfolk NR3 1EP	-	-	3	Flat
£170K	12/22	0.35 mi	88, Vauxhall Street, Norwich, Norfolk NR2 2SD	£2,468	69	3	Flat
£138K	04/21	0.36 mi	49, Golding Place, Norwich, Norfolk NR2 4BD	£1,704	81	3	Flat
£168K	02/24	0.36 mi	42, Golding Place, Norwich, Norfolk NR2 4BD	£2,000	84	3	Flat
£152K	03/21	0.42 mi	31b, Suffolk Square, Norwich, Norfolk NR2 2AA	-	-	3	Flat
£175K	04/23	0.42 mi	42, Suffolk Square, Norwich, Norfolk NR2 2AA	£2,273	77	3	Flat
£352K	01/24	0.51 mi	120a, King Street, Norwich, Norfolk NR1 1QE	£2,839	124	3	Flat
£154K	06/23	0.56 mi	61, Music House Lane, Norwich, Norfolk NR1 1QN	-	-	3	Flat
£145K	04/21	0.61 mi	9, Cardigan Place, Norwich, Norfolk NR2 4QS	£1,883	77	3	Flat
£155K	12/20	0.67 mi	12, Langley Walk, Norwich, Norfolk NR2 4NH	£2,013	77	3	Flat
£160K	07/21	0.71 mi	5, Kensington Place, Norwich, Norfolk NR1 3JE	£1,975	81	3	Flat
£147K	10/23	0.72 mi	13, Kensington Place, Norwich, Norfolk NR1 3JE	-	-	3	Flat
£160K	11/20	0.72 mi	63, Hall Road, Norwich, Norfolk NR1 3HL	£1,928	83	3	Flat
£165K	08/21	0.75 mi	18, Cherry Close, Norwich, Norfolk NR1 3HR	£2,324	71	3	Flat
£435K	01/21	0.83 mi	199a, Unthank Road, Norwich, Norfolk NR2 2PQ	£4,343	100	3	Flat
£435K	04/23	0.85 mi	10, St James Meadow, Norwich, Norfolk NR3 1TR	-	-	3	Flat
£132.5K	04/21	0.87 mi	92, Mousehold Street, Norwich, Norfolk NR3 1NX	£1,840	72	3	Flat

Local Rents

50 rents from £1.1K/mo to £2.5K/mo, average is £1.4K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,250	07/24	0.01 mi	The Old Barley Market, Norwich, NR2	3	Terraced House
£1,250	07/24	0.01 mi	The Old Barley Market, Norwich, NR2	3	Terraced House
£1,795	07/24	0.07 mi	St. Giles Street, Norwich, NR2	3	Flat
£1,050	07/24	0.15 mi	Norwich	3	Flat
£1,395	06/24	0.18 mi	Anchor Quay, Norwich, Norfolk, NR3	3	Terraced House
£1,500	06/24	0.19 mi	St Benedicts Street, Norwich, NR2	3	Flat
£1,475	06/24	0.2 mi	-	3	Semi-Detached House
£1,475	06/24	0.2 mi	Damocles Court, Norwich, NR2	3	Detached House
£1,200	07/24	0.22 mi	Dukes Court, Wellington Lane, Norwich, NR2	3	Flat
£1,200	03/24	0.22 mi	Dukes Court, Wellington Lane, Norwich, NR2	3	Flat
£1,400	03/25	0.23 mi	-	3	Flat
£1,300	04/25	0.24 mi	-	3	Terraced House
£1,500	07/24	0.29 mi	Union Street, Fellowes Plain, Norwich	3	House
£2,200	06/24	0.3 mi	Redwell Street, Norwich	3	Flat
£2,500	07/24	0.3 mi	Redwell Street, Norwich	3	House
£1,300	02/24	0.31 mi	-	3	Terraced House
£1,400	09/24	0.31 mi	-	3	Terraced House
£1,450	06/24	0.35 mi	New Mills Yard, Norwich	3	Terraced House
£1,250	06/24	0.37 mi	Alms Lane, Norwich, NR3 1EX	3	Flat
£1,300	06/24	0.38 mi	-	3	Flat
£1,495	12/24	0.39 mi	All Saints Green, Norwich, Norfolk, NR1	3	Flat
£1,550	02/25	0.39 mi	-	3	Flat
£1,650	07/24	0.4 mi	Opposite the Cathedral, Norwich, NR3	3	Flat
£1,800	06/24	0.4 mi	Kenneth Mckee Plain, Norwich, Norfolk	3	House
£1,400	03/24	0.44 mi	Neville Street, Norwich, Norfolk, NR2	3	Terraced House
£1,350	07/24	0.44 mi	Pigg Lane, NORWICH	3	Terraced House
£1,350	08/24	0.44 mi	Pigg Lane, Norwich	3	Detached House
£1,800	11/24	0.44 mi	-	3	Terraced House
£1,200	08/24	0.47 mi	The Great Hall, Oak Street, NR3	3	House
£1,200	06/24	0.47 mi	Essex Street, Norwich NR2 2BL	3	Terraced House
£1,400	06/24	0.48 mi	Oak Street, Norwich	3	Flat
£1,650	06/24	0.49 mi	City Centre, Norwich, NR2	3	Flat
£1,500	02/25	0.49 mi	-	3	Terraced House
£1,400	06/24	0.5 mi	Brunswick Road, Norwich	3	Flat
£1,500	07/24	0.5 mi	Brunswick Road, Fellowes Plain, Norwich	3	House
£1,200	08/24	0.5 mi	Norwich	3	Terraced House
£2,000	06/24	0.51 mi	City Centre, NR1	3	Flat
£1,350	12/24	0.51 mi	King Street, NORWICH	3	House
£1,260	07/24	0.52 mi	Derby Street	3	Flat
£1,150	06/24	0.52 mi	The Shrublands, Norwich, Norfolk, NR2	3	Terraced House
£1,475	06/24	0.52 mi	Brunswick Road, Norwich, NR2	3	Flat
£1,500	03/24	0.53 mi	Heigham Cottage, Brunswick Road, Norwich NR2 2HA	3	Flat
£1,300	02/25	0.53 mi	-	3	Terraced House
£1,200	06/24	0.53 mi	Dereham Road, Norwich, NR2	3	Detached House
£1,250	03/24	0.54 mi	Newmarket Street, Norwich, NR2 2DW	3	Terraced House
£1,400	06/24	0.56 mi	Grove Avenue, Norwich,	3	Detached House
£1,200	06/24	0.57 mi	York Street, NORWICH	3	Flat
£1,300	06/24	0.57 mi	Grove Avenue, Norwich, NR1	3	Flat
£1,300	08/24	0.58 mi	Heigham Road, Norwich, NR2 3AU	3	Terraced House
£2,000	08/24	0.58 mi	Cambridge Street, Norwich, NR2	3	Flat

Local Area Statistics

Population in NR2	25,78225,782
Population in Norwich	366,887366,887
Town centre distance	0.78 miles away0.78 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.71 miles away0.71 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	-7%-7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £450,000

February 5, 2025

Floor Plans

Description

Council Tax Band E +
City Centre Location +
Light And Spacious Three Storey Townhouse +
Off Street Parking For Two Cars +
Three Double Bedrooms +
Two Bathrooms And Separate Cloakroom +
No Onward Chain +
Open Plan Lounge / Diner +
EPC Rating C +
Private Rear Garden +

Websters Estate Agents are delighted to offer this rarely available and spacious three storey townhouse set in a secluded and enclosed estate situated in the heart of Norwich. The property comes with no onward chain and off street parking for two cars. In brief, the home comprises; kitchen, cloakroom, lounge / diner, three double bedrooms, ensuite shower room, family bathroom and a private rear garden.
EPC Rating: C

Agent Details

Websters Estate Agents, Norwich

01603 361833

Next Steps?

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

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CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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