2 Bed Terraced House, Single Let, Norwich, NR1 3JZ, £145,000





ValuationUndervalued
Sold Prices | £138K - £540K |
Sold Prices/m² | £2.4K/m² - £4.5K/m² |
| |
Square Metres | 80 m² |
Price/m² | £1.8K/m² |
Value Estimate | £178,350£178,350 |
BMV | 23% |
Cashflows
Cash In | |
Purchase Finance | MortgageMortgage |
Deposit (25%) | £36,250£36,250 |
Stamp Duty & Legal Fees | £5,550£5,550 |
Total Cash In | £41,800£41,800 |
| |
Cash Out | |
Rent Range | £925 - £2,500£925 - £2,500 |
Rent Estimate | £950 |
Running Costs/mo | £663£663 |
Cashflow/mo | £287£287 |
Cashflow/yr | £3,443£3,443 |
ROI | 8%8% |
Gross Yield | 8%8% |
Local Sold Prices
50 sold prices from £138K to £540K, average is £240K. £2.4K/m² to £4.5K/m², average is £3.3K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£310K | 10/22 | 0.35 mi | 6, Mariners Lane, Norwich, Norfolk NR1 3AF | £2,500 | 124 | 2 | Detached House | |
£158.5K | 01/23 | 0.35 mi | 21, Mariners Lane, Norwich, Norfolk NR1 3AF | £2,477 | 64 | 2 | Terraced House | |
£245K | 06/21 | 0.36 mi | 3, Kingsgate Court, Norwich, Norfolk NR2 1TS | £2,692 | 91 | 2 | Terraced House | |
£292.5K | 02/21 | 0.4 mi | 1a, Wood Street, Norwich, Norfolk NR1 3RD | £3,405 | 86 | 2 | Terraced House | |
£236K | 03/21 | 0.43 mi | 121, Southwell Road, Norwich, Norfolk NR1 3RS | £3,933 | 60 | 2 | Terraced House | |
£314K | 06/21 | 0.44 mi | 42, Grove Road, Norwich, Norfolk NR1 3RH | £3,305 | 95 | 2 | Terraced House | |
£320K | 07/23 | 0.44 mi | 2, Grove Road, Norwich, Norfolk NR1 3RH | £3,397 | 94 | 2 | Terraced House | |
£160K | 02/21 | 0.44 mi | 226, Queens Road, Norwich, Norfolk NR1 3HG | £2,759 | 58 | 2 | Terraced House | |
£205K | 04/24 | 0.46 mi | 22, Rowington Road, Norwich, Norfolk NR1 3RR | £3,534 | 58 | 2 | Terraced House | |
£229K | 05/21 | 0.49 mi | 22, Bracondale, Norwich, Norfolk NR1 2AF | £3,181 | 72 | 2 | Terraced House | |
£260K | 07/23 | 0.51 mi | 23, Calvert Street, Norwich, Norfolk NR3 1BY | - | - | 2 | Semi-Detached House | |
£540K | 06/23 | 0.51 mi | 6, Old Millers Wharf, Norwich, Norfolk NR3 1GS | £4,060 | 133 | 2 | Terraced House | |
£213.5K | 01/21 | 0.52 mi | 6, Bracondale Green, Norwich, Norfolk NR1 2AG | £3,285 | 65 | 2 | Terraced House | |
£205K | 03/21 | 0.52 mi | 252, King Street, Norwich, Norfolk NR1 2BU | £2,929 | 70 | 2 | Semi-Detached House | |
£300K | 03/21 | 0.53 mi | 13, Trory Street, Norwich, Norfolk NR2 2RH | £3,297 | 91 | 2 | Terraced House | |
£225K | 07/21 | 0.54 mi | 20, Doman Road, Norwich, Norfolk NR1 3AW | £2,724 | 83 | 2 | Semi-Detached House | |
£370.3K | 01/24 | 0.55 mi | 22, Ampthill Street, Norwich, Norfolk NR2 2RG | £3,680 | 101 | 2 | Terraced House | |
£208K | 07/24 | 0.55 mi | 6, Stuart Road, Norwich, Norfolk NR1 2BY | £3,200 | 65 | 2 | Semi-Detached House | |
£270K | 11/23 | 0.55 mi | 6, Bellville Crescent, Norwich, Norfolk NR1 3AR | £3,699 | 73 | 2 | Semi-Detached House | |
£250K | 01/21 | 0.55 mi | 6, Bellville Crescent, Norwich, Norfolk NR1 3AR | £3,425 | 73 | 2 | Semi-Detached House | |
£250K | 12/20 | 0.56 mi | 4, Launceston Terrace, Norwich, Norfolk NR2 2HJ | £3,472 | 72 | 2 | Terraced House | |
£250K | 05/21 | 0.56 mi | 64, Trinity Street, Norwich, Norfolk NR2 2BH | £3,233 | 77 | 2 | Semi-Detached House | |
£247K | 12/22 | 0.56 mi | 39, Trinity Street, Norwich, Norfolk NR2 2BH | £4,049 | 61 | 2 | Terraced House | |
£138K | 11/23 | 0.58 mi | 6, Alan Road, Norwich, Norfolk NR1 2BX | - | - | 2 | Terraced House | |
£350K | 06/21 | 0.58 mi | 80, Cambridge Street, Norwich, Norfolk NR2 2BE | £3,933 | 89 | 2 | Terraced House | |
£220K | 11/20 | 0.58 mi | 68, Rosary Road, Norwich, Norfolk NR1 1TQ | £2,895 | 76 | 2 | Semi-Detached House | |
£240K | 09/21 | 0.59 mi | 113, Cambridge Street, Norwich, Norfolk NR2 2BD | - | - | 2 | Terraced House | |
£257.3K | 12/21 | 0.59 mi | 99, Cambridge Street, Norwich, Norfolk NR2 2BD | £4,537 | 57 | 2 | Terraced House | |
£240.5K | 12/20 | 0.59 mi | 109, Cambridge Street, Norwich, Norfolk NR2 2BD | £4,219 | 57 | 2 | Terraced House | |
£240.6K | 11/21 | 0.59 mi | 3, Cyprus Street, Norwich, Norfolk NR1 3AX | £3,592 | 67 | 2 | Terraced House | |
£230K | 12/20 | 0.59 mi | 35, Cyprus Street, Norwich, Norfolk NR1 3AX | £3,125 | 74 | 2 | Terraced House | |
£222.5K | 02/23 | 0.59 mi | 31, Cyprus Street, Norwich, Norfolk NR1 3AX | - | - | 2 | Terraced House | |
£256K | 11/23 | 0.59 mi | 30, Cyprus Street, Norwich, Norfolk NR1 3AX | - | - | 2 | Terraced House | |
£340K | 12/22 | 0.6 mi | 14, Beaumont Place, Norwich, Norfolk NR2 2HH | £3,736 | 91 | 2 | Terraced House | |
£339K | 12/23 | 0.61 mi | 11, Newmarket Road, Norwich, Norfolk NR2 2HL | £4,186 | 81 | 2 | Terraced House | |
£320K | 07/23 | 0.61 mi | 15, Newmarket Road, Norwich, Norfolk NR2 2HL | £4,103 | 78 | 2 | Terraced House | |
£223K | 04/21 | 0.61 mi | 96, York Street, Norwich, Norfolk NR2 2AP | £3,186 | 70 | 2 | Terraced House | |
£230K | 04/21 | 0.61 mi | 110, York Street, Norwich, Norfolk NR2 2AP | £3,606 | 64 | 2 | Terraced House | |
£252K | 07/21 | 0.62 mi | 56, Hughenden Road, Norwich, Norfolk NR1 2PX | £2,864 | 88 | 2 | Terraced House | |
£240K | 06/24 | 0.62 mi | 47, Riverside Road, Norwich, Norfolk NR1 1SR | £3,288 | 73 | 2 | Terraced House | |
£194.5K | 06/23 | 0.62 mi | 56, Riverside Road, Norwich, Norfolk NR1 1SR | - | - | 2 | Terraced House | |
£212K | 08/21 | 0.62 mi | 4, Carlyle Road, Norwich, Norfolk NR1 3AB | £2,978 | 71 | 2 | Terraced House | |
£300K | 11/23 | 0.62 mi | 37, Carlyle Road, Norwich, Norfolk NR1 3AB | £4,286 | 70 | 2 | Terraced House | |
£190K | 11/20 | 0.62 mi | 48, Carlyle Road, Norwich, Norfolk NR1 3AB | £2,409 | 79 | 2 | Terraced House | |
£225K | 11/21 | 0.62 mi | 47, Carlyle Road, Norwich, Norfolk NR1 3AB | £3,041 | 74 | 2 | Terraced House | |
£185K | 06/21 | 0.62 mi | 46, Carlyle Road, Norwich, Norfolk NR1 3AB | £2,591 | 71 | 2 | Terraced House | |
£195K | 12/22 | 0.62 mi | 20, Carlyle Road, Norwich, Norfolk NR1 3AB | £2,508 | 78 | 2 | Terraced House | |
£240K | 11/23 | 0.62 mi | 35, Carlyle Road, Norwich, Norfolk NR1 3AB | £4,397 | 55 | 2 | Terraced House | |
£185.1K | 08/23 | 0.62 mi | 11, Carlyle Road, Norwich, Norfolk NR1 3AB | - | - | 2 | Terraced House | |
£192K | 02/23 | 0.62 mi | 19, Carlyle Road, Norwich, Norfolk NR1 3AB | - | - | 2 | Terraced House |
Local Rents
51 rents from £925/mo to £2.5K/mo, average is £1.3K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,600 | 03/24 | 0.03 mi | Westlegate, Norwich | 2 | Flat | |
£950 | 06/24 | 0.09 mi | Emms Court, Norwich | 2 | Flat | |
£1,250 | 06/24 | 0.11 mi | St Peters House, Cattlemarket Street, Norwich | 2 | Flat | |
£1,250 | 12/24 | 0.12 mi | Cattle Market Street, NORWICH | 2 | Flat | |
£1,200 | 12/24 | 0.12 mi | 23 Cattle Market Street, NORWICH | 2 | Flat | |
£1,400 | 03/24 | 0.12 mi | Castle Meadow, Norwich, NR2 | 2 | Flat | |
£1,400 | 06/24 | 0.13 mi | Castle House, Castle Meadow | 2 | Flat | |
£950 | 06/24 | 0.13 mi | Rouen Road, Norwich, Norfolk, NR1 | 2 | Flat | |
£950 | 06/24 | 0.13 mi | Rouen Road, Norwich, Norfolk, NR1 | 2 | Flat | |
£1,450 | 12/24 | 0.16 mi | - | 2 | Flat | |
£1,050 | 06/24 | 0.16 mi | Scoles Green, Norwich | 2 | Flat | |
£1,500 | 06/24 | 0.16 mi | Shibleys Court, Norwich, Norfolk | 2 | Flat | |
£1,550 | 12/24 | 0.17 mi | - | 2 | Semi-Detached House | |
£1,650 | 12/24 | 0.18 mi | Castle Meadow, Norwich | 2 | Flat | |
£1,200 | 11/24 | 0.18 mi | - | 2 | Terraced House | |
£1,400 | 02/25 | 0.19 mi | - | 2 | Flat | |
£1,350 | 06/24 | 0.21 mi | Surrey Street, NORWICH | 2 | Flat | |
£1,300 | 12/24 | 0.21 mi | Surrey Street, NORWICH | 2 | Flat | |
£1,250 | 12/24 | 0.21 mi | Sentinel House, Norwich, NR1 | 2 | Flat | |
£2,500 | 12/24 | 0.21 mi | - | 2 | Flat | |
£1,600 | 03/25 | 0.21 mi | - | 2 | Flat | |
£1,100 | 06/24 | 0.22 mi | Surrey Street, Norwich | 2 | Flat | |
£1,300 | 12/24 | 0.22 mi | Norwich, NR1 | 2 | Flat | |
£975 | 06/24 | 0.22 mi | Hardwick House, NR1 1DB | 2 | Flat | |
£1,250 | 12/24 | 0.22 mi | Surrey Street, Norwich | 2 | Flat | |
£1,350 | 06/24 | 0.22 mi | Sentinel House, Norwich, NR1 | 2 | Flat | |
£1,200 | 12/24 | 0.22 mi | Sentinel House, Surrey Street, Norwich | 2 | House | |
£1,350 | 02/24 | 0.22 mi | - | 2 | Flat | |
£1,350 | 06/24 | 0.22 mi | - | 2 | Flat | |
£1,300 | 12/24 | 0.22 mi | - | 2 | Flat | |
£1,350 | 12/24 | 0.22 mi | - | 2 | Flat | |
£1,350 | 12/24 | 0.22 mi | - | 2 | Flat | |
£1,250 | 12/24 | 0.23 mi | King Street, Norwich | 2 | Flat | |
£1,275 | 12/24 | 0.23 mi | - | 2 | Flat | |
£1,000 | 06/24 | 0.23 mi | 2 bedroom property in Surrey Street, Norwich | 2 | Flat | |
£1,100 | 12/24 | 0.23 mi | Chapelfield Gardens, Norwich | 2 | Flat | |
£1,000 | 06/24 | 0.24 mi | Surrey Street, NORWICH | 2 | Flat | |
£1,100 | 06/24 | 0.24 mi | Surrey Street, NORWICH | 2 | Flat | |
£1,100 | 06/24 | 0.24 mi | 2 bedroom property in Surrey Street, Norwich | 2 | Flat | |
£1,000 | 06/24 | 0.24 mi | Sentinel House, Surrey Street, NORWICH | 2 | Flat | |
£1,350 | 06/24 | 0.24 mi | Surrey Street, Norwich, Norfolk, NR1 | 2 | Flat | |
£950 | 06/24 | 0.24 mi | Tudor Hall, Norwich | 2 | Flat | |
£1,350 | 12/24 | 0.25 mi | King Street, Norwich | 2 | Flat | |
£1,995 | 06/24 | 0.25 mi | Greyfriars Road, Norwich, | 2 | Flat | |
£1,500 | 06/24 | 0.25 mi | Greyfriars Road, Norwich, NR1 | 2 | Flat | |
£1,500 | 06/24 | 0.25 mi | - | 2 | Flat | |
£1,350 | 06/24 | 0.25 mi | Surrey Street, Norwich | 2 | Flat | |
£925 | 06/24 | 0.26 mi | Greyfriars Road, Norwich, Norfolk, NR1 | 2 | Flat | |
£995 | 06/24 | 0.26 mi | Greyfriars Road, Norwich, Norfolk, NR1 | 2 | Flat | |
£1,350 | 12/24 | 0.26 mi | - | 2 | Flat | |
£1,600 | 12/24 | 0.26 mi | - | 2 | Flat |
Local Area Statistics
Population in NR1 | 24,54024,540 |
Population in Norwich | 366,887366,887 |
Town centre distance | 0.95 miles away0.95 miles away |
Nearest school | 0.10 miles away0.10 miles away |
Nearest train station | 0.49 miles away0.49 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 £145,000
February 11, 2025
Floor Plans

Description
Guide Price= **£145,000 - £165,000 plus fees
For Sale By Unconditional Online Auction - Auction Ends 19/03/2025 11:00
**Description
A mid-terraced house with accommodation including entrance hall, kitchen/breakfast room and sitting room on the ground floor, together with landing, two bedrooms and bathroom on the first floor.
The property is approached via a shared courtyard area from Timberhill and includes a sunken garden. The property has been let under the terms of an assured shorthold tenancy for many years but is now vacant.
Solicitor: Sprake & Kingsley (Attn John Williams), 16 Broad Street, Bungay, NR35 1EN. Tel
Location
Situated off Timberhill in the centre of Norwich, being located amongst retail shops and close to the Castle Mall Shopping Complex. The property is accessed via a passageway from Timberhill.
Directions
Approached from either end of Timberhill on foot and also from Castle Mall car park directly onto Grouts Thoroughfare and Timberhill. Access to the property is via a passageway to the rear of 17 Timberhill.
Notes
Buyer Fees: Please note that the successful bidder will be required to pay an Administration Charge of £1,170 inclusive of VAT. This fee is due and payable from the winning bidder immediately after the timed auction ends. The successful bidder will additionally pay over to the auctioneer a deposit of 10% of the purchase price, subject to a minimum of £5,000, after the timed auction ends. All payments to be made by debit card payment or electronic bank transfer to the Brown&Co Client Account, the details of which will be provided by the auctioneer to the successful bidder shortly after the auction ends. Other fees may be payable on completion and will be detailed within the Special Conditions of Sale to be found within the published Auction Pack.
Ability to Buy: This property is being sold under Unconditional Auction Rules creating a legally binding contract at the conclusion of the timed auction. DO NOT bid unless you can complete the sale within 28 days, or on the terms specified within the Special Conditions of Sale.
If you REQUIRE A MORTGAGE for this purchase, we strongly recommend that you receive your mortgage offer before you bid. An Agreement in Principle (AIP) is not enough due to the fact that if you are the successful bidder and wait to secure funding after the auction and if your lender will not lend on the property (for whatever reason) and you fail to complete, you will lose your deposit and any associated costs.
Help and Assistance: If you have any questions or require any clarification as to the online auction process please contact the auctioneer prior to commencement of the bidding window as we will be unable to enter into any discussions once the auction has started.
Bidding Process: Prior to bidding the bidder will complete a Passport-to-Bid process, which requires registration, verification and agreement to Buyers Terms.
How To Follow the Auction: Use 'Watch' button to follow the auction. If you register to Watch an auction you will receive email notifications of any bidding activity on the specific lot.
How It Works: Unconditional Timed Auction Online: This is a binding method of sale similar to a traditional public property auction. The only difference is the bidding takes place online. The successful purchaser will be required to pay a 10% deposit (subject to a minimum payment of £5,000) on the fall of the virtual gavel and contracts will be exchanged. Bidding for properties online works in a similar fashion to eBay. You can place bids using your PC, tablet or mobile phone and the minimum amount you can bid is defined by the 'bid increment' level. When you place a bid, the property listing page will show you if your bid was successful and whether or not you are the highest bidder. When you are the highest bidder on a property, if another bidder outbids you the system will notify you by email so that you can place another bid if you wish. The major difference from eBay is that our system eradicates sudden death 'bid sniping' through the use of auction 'extension times'. If you have any questions or require any clarification please contact the auctioneer.
Agents Notes: (1) All measurements are approximate and quoted for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied upon. (2) Any fixtures, fittings and appliances referred within these published details have not been tested and therefore no guarantee can be given that they are in working order. (3) Internal photographs are reproduced for general information and it is not inferred that any item shown within any picture is included with the property. (4) Photographs shown within these details may have been taken with a camera using a wide-angle lens. (5) These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. (6) In accordance with UK Anti Money Laundering Regulations Intending buyers will be asked to produce original Identity Documentation, Proof of Address and be subjected to an electronic ID verification check before a purchase conveyance is instructed. (7) Brown&Co comply with the General Data Protection Regulation (EU) 2016/679 (GDPR") please visit our website for our Privacy Statement, Subject Access Requests can be submitted to . (8) Brown&Co are regulated under the RICS code of conduct. (9) Brown&Co are a member of The Property Redress Scheme, Membership Number: PRS012758 (10) Brown&Co is a member of RICS Client Money Protection Scheme, RICS Firm Reference: 016189 (11) Brown&Co-Property And Business Consultants LLP trading as Brown&Co Registered Company Number OC302092. (11) Registered Office Address The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB
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