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2 Bed Flat, Single Let, Norwich, NR1 3EN, £165,000

158 Norwich City Centre, Norwich, NR2 - 1 views - a month ago

Leasehold
BTL
ROI: 9%
~68 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.4K/m²

Value Estimate

£170,277
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£6,150

Total Cash In

£47,400

 

 

Cash Out

 

Rent Range

£1,000 - £1,550

Rent Estimate

£1,100

Running Costs/mo

£756

Cashflow/mo

£344

Cashflow/yr

£4,133

ROI

9%

Gross Yield

8%

Local Sold Prices

50 sold prices from £46.3K to £325K, average is £163.5K. £756/m² to £4.2K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£158K08/230.06 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.06 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£168K05/230.13 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£270K10/200.16 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£160K05/230.17 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£140K07/210.18 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.18 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.18 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£325K01/230.2 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£150K10/210.23 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£140K10/230.24 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£160K01/240.25 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£150K12/230.25 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.25 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.25 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£218K11/200.26 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£185K08/230.28 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£162K04/230.28 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£138K01/240.31 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£162K01/230.32 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£147.5K05/210.33 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£203K09/210.34 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£260K11/210.4 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£180K05/230.48 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£165K10/230.49 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£166K10/210.5 mi18, Ingram Court, Norwich, Norfolk NR1 2PY2
£180K10/210.5 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.5 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£107.5K12/230.5 mi79, Ingram Court, Norwich, Norfolk NR1 2HQ2
£225K12/200.5 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£150K03/210.51 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£143K04/210.51 mi39, Patricia Road, Norwich, Norfolk NR1 2PE2
£177K04/210.51 mi25, Patricia Road, Norwich, Norfolk NR1 2PE2
£174K11/200.51 mi19, Patricia Road, Norwich, Norfolk NR1 2PE2
£177.5K08/230.51 mi12, Patricia Road, Norwich, Norfolk NR1 2PE2
£310K06/210.53 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£143K01/240.55 mi64, Lakenfields, Norwich, Norfolk NR1 2HA2
£200K04/240.56 mi45, St Albans Road, Norwich, Norfolk NR1 2QX2
£212.5K05/230.57 mi28, Christopher Close, Norwich, Norfolk NR1 2PQ2
£210K10/230.57 mi25, Christopher Close, Norwich, Norfolk NR1 2PQ2
£213.5K02/240.57 mi9, Christopher Close, Norwich, Norfolk NR1 2PQ2
£122K10/210.58 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£113K05/210.58 mi34, Sunny Hill, Norwich, Norfolk NR1 2ET2
£125K06/210.58 mi24, Sunny Hill, Norwich, Norfolk NR1 2ET2
£168K03/210.58 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£190K03/230.6 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.6 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.6 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.6 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£125K02/210.6 mi2, Suncroft, Long John Hill, Norwich, Norfolk NR1 2EP2

Local Rents

52 rents from £1K/mo to £1.6K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,25005/240.02 mi-2
£1,05006/240.1 miCity Road2
£1,15001/250.11 mi-2
£1,15012/240.11 miCity Road, Norwich, NR12
£1,25006/240.16 miKing Street, NORWICH2
£1,20006/240.16 miCity Centre, NR12
£1,20006/240.19 miKing Street, Norwich2
£1,35006/240.2 miNew Ferry Yard2
£1,40002/250.2 mi-2
£1,30006/240.2 miWherry Road, NORWICH2
£1,35012/240.2 miWherry Road, Norwich, Norfolk, NR12
£1,35006/240.21 miSurrey Street, Norwich2
£1,15012/240.21 mi-2
£1,20012/240.21 mi-2
£1,20012/240.21 mi-2
£1,40006/240.22 miKing Street, Norwich2
£1,00012/240.22 miTrafalgar Street, Norwich2
£1,25012/240.22 miEast Bank, Wherry Road, Norwich, NR12
£1,40006/240.23 miThe Malt House, NR1 2TP2
£1,27009/240.23 mi-2
£1,25012/240.23 miSentinel House, Norwich, NR12
£1,10006/240.23 miSurrey Street, Norwich2
£1,30012/240.23 miNorwich, NR12
£1,10006/240.24 mi-2
£1,30012/240.24 miNorwich, NR12
£1,10012/240.24 miWherry Road, Norwich2
£1,10012/240.24 mi-2
£1,15002/250.24 mi-2
£1,20012/240.24 miAshby Street, NORWICH2
£1,35002/240.24 mi-2
£1,35006/240.24 mi-2
£1,30012/240.24 mi-2
£1,35012/240.24 mi-2
£1,35012/240.24 mi-2
£1,25012/240.24 miSurrey Street, Norwich2
£1,35006/240.24 miSentinel House, Norwich, NR12
£1,20012/240.24 miSentinel House, Surrey Street, Norwich2
£1,30004/240.24 mi-2
£1,20012/240.24 miDrays Yard, NORWICH2
£1,35006/240.24 miSurrey Street, NORWICH2
£1,30012/240.24 miSurrey Street, NORWICH2
£1,20012/240.25 miCarlyle Road, Norwich2
£1,27512/240.25 mi-2
£1,00006/240.25 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240.25 miSurrey Street, NORWICH2
£1,10006/240.25 miSurrey Street, NORWICH2
£1,10006/240.25 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240.25 miSentinel House, Surrey Street, NORWICH2
£1,35006/240.25 miSurrey Street, Norwich, Norfolk, NR12
£1,10012/240.26 mi-2
£1,00006/240.27 miCyprus Street, Norwich, Norfolk, NR12
£1,55012/240.29 mi-2

Links

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.31 miles away

Nearest school

0.20 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £165,000

February 19, 2025

Floor Plans

Description

  • City Centre location +
  • 2 Double Bedrooms +
  • High Ceilings and period features +
  • Secure Residents Parking +
  • Original wood flooring +
  • Large living area +
  • Light and Spacious +
  • Appeal to private buyers and landlords +
  • Communal garden +

No 158 is a majestic period property in Norwich City centre which has been converted into spacious apartments. This versatile home has a huge amount of charm for anyone not wanting a standard new build flat. Situated on the ground floor at the back of this well known listed building its space and charm would be hard to beat, the location of the apartment is in walking distance of all the fantastic shops and eateries that Norwich has to offer. Apartment No 2 has been modernised to a high standard and is ready for its new owners to put their personal stamp.

The leasehold is currently being extended.

Please see our brochure and video tour for more information or call us to book a viewing.

Agent Details

Coast & Country Living, Covering Norfolk

01609 711229

Next Steps?

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

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