3 Bed Flat, Single Let, Norwich, NR1 2GE, £280,000

Paper Mill Yard, Norwich, NR1 2GE - 2 months ago

Leasehold
BTL
~93 m²
+12 photos

ValuationOvervalued

Sold Prices£111K - £435K
Sold Prices/m²£1.5K/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£179,277

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Total Cash In

£81,100

 

 

Cash Out

 

Rent Range

£995 - £2,400

Rent Estimate

£996

Running Costs/mo

£1,094

Cashflow/mo

£-98

Cashflow/yr

£-1,178

Gross Yield

4%

Local Sold Prices

34 sold prices from £111K to £435K, average is £154.5K. £1.5K/m² to £4.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£147K10/230.27 mi13, Kensington Place, Norwich, Norfolk NR1 3JE3
£160K07/210.27 mi5, Kensington Place, Norwich, Norfolk NR1 3JE3
£154K06/230.34 mi61, Music House Lane, Norwich, Norfolk NR1 1QN3
£160K11/200.36 mi63, Hall Road, Norwich, Norfolk NR1 3HL3
£352K01/240.41 mi120a, King Street, Norwich, Norfolk NR1 1QE3
£165K08/210.44 mi18, Cherry Close, Norwich, Norfolk NR1 3HR3
£395K08/230.8 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£326K04/210.83 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£284.5K08/230.87 mi55, Chapel Field East, Norwich, Norfolk NR2 1SF3
£133.3K06/210.87 mi126, St Leonards Road, Norwich, Norfolk NR1 4JG3
£145K12/210.9 mi189, St Leonards Road, Norwich, Norfolk NR1 4JN3
£157.5K02/230.92 mi183, St Leonards Road, Norwich, Norfolk NR1 4JN3
£142.5K03/210.95 mi18, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£162.5K01/230.98 mi40, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£435K04/230.99 mi10, St James Meadow, Norwich, Norfolk NR3 1TR3
£190K11/211.01 mi3, Water Lane, Norwich, Norfolk NR3 1DD3
£144K05/211.01 mi5, Globe Place, Norwich, Norfolk NR2 2SG3
£169.5K11/221.03 mi49, Johnson Place, Norwich, Norfolk NR2 2SA3
£170K12/221.04 mi88, Vauxhall Street, Norwich, Norfolk NR2 2SD3
£152K03/211.06 mi31b, Suffolk Square, Norwich, Norfolk NR2 2AA3
£175K04/231.06 mi42, Suffolk Square, Norwich, Norfolk NR2 2AA3
£132.5K04/211.14 mi92, Mousehold Street, Norwich, Norfolk NR3 1NX3
£111K12/201.14 mi6, Heathgate, Norwich, Norfolk NR3 1PQ3
£131K05/211.16 mi40, Heathgate, Norwich, Norfolk NR3 1PQ3
£125K01/241.18 mi88, Heathgate, Norwich, Norfolk NR3 1PN3
£120K02/211.18 mi75, Heathgate, Norwich, Norfolk NR3 1PN3
£140K01/231.2 mi140, Heathgate, Norwich, Norfolk NR3 1PW3
£138K04/211.26 mi49, Golding Place, Norwich, Norfolk NR2 4BD3
£168K02/241.26 mi42, Golding Place, Norwich, Norfolk NR2 4BD3
£435K01/211.39 mi199a, Unthank Road, Norwich, Norfolk NR2 2PQ3
£145K04/211.49 mi9, Cardigan Place, Norwich, Norfolk NR2 4QS3
£155K12/201.56 mi12, Langley Walk, Norwich, Norfolk NR2 4NH3
£140K04/211.61 mi117d, Ipswich Road, Norwich, Norfolk NR4 6LD3
£140K01/211.89 mi47, Witard Road, Norwich, Norfolk NR7 9XD3

Local Rents

37 rents from £995/mo to £2.4K/mo, average is £1.4K/mo.

RentDateDistanceAddressBeds 
£1,29512/240.07 miAlan Road, Norwich3
£1,50001/240.07 mi-3
£2,40012/240.07 miKing Street, Norwich3
£1,89506/240.08 miGeoffrey Watling Way, Norwich, NR13
£99506/240.09 miStuart Road, Norwich3
£1,90012/240.14 miRobinson Bank, NR1 1GG3
£1,60006/240.15 miGeoffrey Watling Way, Norwich NR13
£1,05006/240.17 miArgyle Street, Norwich, NR13
£1,00006/240.24 miNormandie Tower, Norwich, 3
£1,00012/240.24 miNormandie Tower, Rouen Road, Norwich3
£1,25012/240.26 miCricket Ground Road, Norwich3
£1,35006/240.3 miCarrow Road, Norwich, NR13
£1,30006/240.3 miWherry Road, NORWICH3
£1,65012/240.32 miCarlyle Road, Norwich, Norfolk, NR13
£1,09005/240.33 mi-3
£1,35012/240.41 miKing Street, NORWICH3
£1,25004/250.41 mi-3
£1,40012/240.41 miCedar Road, NORWICH3
£99512/240.41 miCarrow Road, Norwich3
£1,19512/240.42 miCedar Road, Norwich, NR13
£1,69506/240.49 miTibbenha house3
£1,15012/240.49 miThorpe Road3
£1,50006/240.54 miBracondale Millgate, Norwich, Norfolk, NR13
£2,00012/240.55 miFoundry Court, Recorder Road, Norwich, Norfolk, NR13
£1,49512/240.55 miAll Saints Green, Norwich, Norfolk, NR13
£2,10001/240.55 mi-3
£2,00006/240.55 mi-3
£2,00012/240.55 mi-3
£2,00012/240.55 mi-3
£2,10006/240.56 miPrince Of Wales Road, NORWICH3
£1,40012/240.56 miChalk Hill Road, Norwich, 3
£1,55002/250.57 mi-3
£1,10006/240.58 miMarion Road, Norwich, Norfolk, NR13
£1,30006/240.58 mi-3
£1,20006/240.58 miMarion Road, Norwich, 3
£1,30006/240.59 miSt. Matthews Road, Norwich, Norfolk, NR13
£2,00006/240.61 miCity Centre, NR13

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.48 miles away

Nearest school

0.40 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £280,000

February 21, 2025

Floor Plans

Description

  • RIVER VIEWS +
  • Renovated throughout +
  • Bathroom & ensuite +
  • Two/ three bedroom +
  • Allocated parking +

SUMMARY
THIS IMMACULATELY PRESENTED THREE BEDROOM DUPLEX APARTMENT is situated within a central location, close to many local amenities and benefiting from views over the river. The property has been renovated to a high standard throughout. To schedule a viewing, please do contact the office!!

DESCRIPTION
STUNNING RIVER VIEWS Situated within a central location, close to many local amenities including a multitude of shops, eateries and Norwich train station, William H Brown Norwich are proud to present to the market THIS IMMACULATELY PRESENTED THREE BEDROOM DUPLEX APARTMENT offering incredible views of the River Yare from the living accommodation and bedroom. The property has been lovingly renovated to a high standard by the current owners. As you enter the property via the ground floor, a welcoming hall way presents access to a snug/ bedroom three, a shower room, access to stairs and an absolutely beautiful open plan kitchen/ dining room which offers a genuine "wow factor" response upon seeing it for the first time due largely to the river views. To the lower floor, there are another two double bedrooms, bathroom and an ensuite shower room. Despite these bedrooms being on a lower floor, due to the position of the flat and outside areas, the windows are still elevated to the outside world and as such offer a level of privacy that you possibly would not expect from such a property. This property also comes with an allocated parking space in an underground car park. This property must be viewed to be appreciated.

To schedule a viewing, please do contact the office at your earliest convenience!!

Entrance Hall 

Cloakroom 
Plumbing for washing machine, wash hand basin, wc and tiled flooring.

Snug/ Bedroom Three 12' 1" x 10' 10" ( 3.68m x 3.30m )
Window to side, karndean flooring and underfloor heating.

Kitchen/ Dining Room 23' 7" x 13' ( 7.19m x 3.96m )
Wall & base units, work surfaces, electric oven, electric hob, cooker hood, wind cooler, integrated microwave, integrated fridge/ freezer, sink with drainer, karndean flooring and river views.

Bedroom One 23' 9" x 8' 10" ( 7.24m x 2.69m )
Windows to front & side with river views, carpeted floor and underfloor heating.

Bedroom Two 12' 3" x 10' 10" ( 3.73m x 3.30m )
Window to side, carpeted floor, underfloor heating and door to ensuite:-

Ensuite 
Shower cubicle, wash hand basin, wc and partially tiled.

Bathroom 
Bath with shower over, wash hand basin, wc and tiled flooring.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Norwich

01603 361933

Next Steps?

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