2 Bed Flat, Single Let, Norwich, NR1 1QH, £180,000

154a King Street, Norwich, NR1 - 2 months ago

Leasehold
BTL
ROI: 4%
~64 m²
+12 photos

ValuationOvervalued

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

 

 

Square Metres

~64.30 m²
Price/m²£2.8K/m²

Value Estimate

£168,010

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Rent Range

£950 - £1,950

Rent Estimate

£950

Running Costs/mo

£773

Cashflow/mo

£178

Cashflow/yr

£2,130

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £46.3K to £325K, average is £160K. £756/m² to £4.2K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£218K11/200.1 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£168K05/230.12 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£158K08/230.14 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.14 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£185K08/230.15 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£150K12/230.15 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.15 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.15 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£270K10/200.16 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£325K01/230.17 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£150K10/210.22 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£260K11/210.26 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£160K05/230.32 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£180K10/210.33 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.33 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£140K07/210.35 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.35 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.35 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£140K10/230.4 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£122K10/210.41 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£160K01/240.42 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£162K04/230.46 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£115K03/210.46 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£225K12/200.47 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£168K03/210.47 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£138K01/240.48 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£203K09/210.48 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£162K01/230.5 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£147.5K05/210.51 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£190K05/210.52 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£310K06/210.53 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£165K10/230.59 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£236.5K01/230.6 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£200K10/230.6 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£147.5K01/210.61 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£150K03/210.62 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£135K02/210.62 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£195K09/230.62 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.62 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£180K05/230.64 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£190K03/230.64 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.64 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.64 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.64 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£145K02/230.65 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£155K03/230.67 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.67 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.67 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.67 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.67 mi51, Scott Road, Norwich, Norfolk NR1 1YL2

Local Rents

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

RentDateDistanceAddressBeds 
£1,20006/240.07 miCity Centre, NR12
£1,20012/240.08 miDrays Yard, NORWICH2
£1,15001/250.09 mi-2
£1,25012/240.1 miEast Bank, Wherry Road, Norwich, NR12
£1,15012/240.11 mi-2
£1,20012/240.11 mi-2
£1,20012/240.11 mi-2
£1,20006/240.12 miLords Gardens, NR1 1FY2
£1,55006/240.12 miLords Gardens, NR1 1FY2
£1,20006/240.12 miLords Gardens, NR1 1FY2
£1,25006/240.12 miLords Gardens, NR1 1FY2
£1,95012/240.12 miLords Gardens, NR1 1FY2
£1,10012/240.12 mi-2
£1,27009/240.13 mi-2
£1,30012/240.14 miNorwich, NR12
£1,10012/240.14 miWherry Road, Norwich2
£1,10012/240.14 mi-2
£1,15002/250.14 mi-2
£1,10006/240.14 mi-2
£1,20006/240.15 miBartholomew Court, NR1 1FT2
£1,15006/240.15 miBartholomew Court, NR1 1FT2
£1,20003/240.15 miBartholomew Court, NR1 1FS2
£1,15003/240.15 miBartholomew Court, NR1 1FS2
£1,15007/220.15 miBartholomew Court, NR1 1FT2
£1,20003/240.15 miBartholomew Court, NR1 1FS2
£1,25006/240.16 miKing Street, NORWICH2
£1,25005/240.17 mi-2
£1,30006/240.17 miWherry Road, NORWICH2
£1,35012/240.17 miWherry Road, Norwich, Norfolk, NR12
£1,40002/250.19 mi-2
£1,05006/240.2 miScoles Green, Norwich2
£1,30004/240.21 mi-2
£1,20006/240.21 miKing Street, Norwich2
£95006/240.22 miRouen Road, Norwich, Norfolk, NR12
£95006/240.22 miRouen Road, Norwich, Norfolk, NR12
£1,35006/240.23 miNew Ferry Yard2
£95006/240.24 miEmms Court, Norwich2
£1,25012/240.24 miCattle Market Street, NORWICH2
£1,20012/240.24 mi23 Cattle Market Street, NORWICH2
£1,50004/250.24 mi-2
£1,20011/240.25 mi-2
£1,40006/240.25 miKing Street, Norwich2
£1,25006/240.26 miSt Peters House, Cattlemarket Street, Norwich2
£1,25012/240.26 miSentinel House, Norwich, NR12
£1,40006/240.27 miThe Malt House, NR1 2TP2
£95006/240.27 miTudor Hall, Norwich2
£1,35006/240.27 miSurrey Street, Norwich2
£1,05006/240.28 miCity Road2
£1,45012/240.28 mi-2
£1,10006/240.28 miSurrey Street, Norwich2
£1,30012/240.28 miNorwich, NR12

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.17 miles away

Nearest school

0.20 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £180,000

March 4, 2025

Listed for £190,000

February 11, 2025

Floor Plans

Description

  • Guide price £180,000-£200,000 +
  • Apartment in the city centre of Norwich +
  • Comfortable and contemporary design throughout +
  • Open-plan kitchen/dining/living area with modern fixtures and fittings +
  • Two double bedrooms, a private ensuite and a bathroom +
  • Communal grounds +
  • Walking distance to a wide range of amenities including shops, restaurants, transport, schools and healthcare facilities +

Guide Price: £180,000 - £200,000. Presenting a stunning apartment located in the heart of the city centre of Norwich. Showcasing a comfortable and contemporary design throughout, perfect for those seeking urban living in a vibrant and bustling location. Highlighting an open-plan kitchen/dining/living room, two double bedrooms, a private en-suite and a bathroom. Don’t miss the chance to acquire this apartment and experience all it has to offer. Location Norwich NR1 is a postcode area located in the heart of Norwich, the county city of Norfolk. This area includes parts of the city centre and surrounding neighbourhoods, offering a vibrant mix of historic charm and modern amenities. Known for its rich cultural heritage, NR1 encompasses landmarks like Norwich Cathedral and Norwich Castle, both of which contribute to the area's historical significance. The postcode also features a range of shopping, dining, and entertainment options, making it a popular destination for both locals and visitors. With good transport links, NR1 is well-connected to the rest of Norwich and beyond, including proximity to the train station for easy access to other parts of East Anglia. King Street

Upon entering the apartment, you are greeted by an open-plan kitchen/dining/living area that exudes a sense of modern elegance. The space is thoughtfully designed with modern fixtures and fittings, creating a seamless flow between the rooms and providing a welcoming atmosphere for both relaxation and entertainment.

The property features two double bedrooms, offering ample space for residents to relax in privacy. The master bedroom comes complete with a private ensuite, providing the ultimate comfort and convenience. Additionally, a well-appointed bathroom serves the second bedroom and guests, ensuring that every need is catered to within this stylish abode.

Residents of this impressive apartment complex will also have access to communal grounds, providing a delightful outdoor space for relaxation and socialising. Convenience is key with this property, as it is ideally situated within walking distance to a wide range of amenities. Agents Notes We understand this property will be sold leasehold with 200 years left on the lease. Connected to mains gas, water, electricity and drainage. Ground rent - £175. Maintenance - £952 Council Tax Band - B

EPC Rating: B Disclaimer Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.

Agent Details

Minors & Brady, Unthank Road, Norwich

01603 361808

Next Steps?

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