2 Bed Flat, Single Let, Norwich, NR2 1SF, £260,000

Chapel Field East, Norwich, NR2 1SF - 1 views - 2 months ago

Leasehold
BTL
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£46.3K - £310K
Sold Prices/m²£756/m² - £3.6K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.8K/m²

Value Estimate

£169,220

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£9,500

Total Cash In

£74,500

 

 

Cash Out

 

Rent Range

£925 - £1,600

Rent Estimate

£944

Running Costs/mo

£1,021

Cashflow/mo

£-77

Cashflow/yr

£-928

Gross Yield

4%

Local Sold Prices

50 sold prices from £46.3K to £310K, average is £166.5K. £756/m² to £3.6K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£310K06/210.07 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£128K09/230.16 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£190K03/230.19 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.19 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.19 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.19 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£170K11/220.19 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£155K11/200.2 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£177K07/230.22 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£150K07/230.25 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.25 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£199.9K12/200.27 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£181K03/210.27 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.27 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£200K10/230.27 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.27 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.27 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£207K01/210.28 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£125K03/210.29 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£180K01/210.3 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£125K01/240.32 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£165K09/230.32 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£156.5K08/230.34 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£217.5K03/210.35 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£165K03/230.37 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£165K10/230.38 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£150K10/210.38 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£150K03/210.4 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£133K08/230.41 mi41, West Pottergate, Norwich, Norfolk NR2 4BN2
£177.5K08/230.41 mi6, West Pottergate, Norwich, Norfolk NR2 4BN2
£143K09/210.43 mi11, Golding Place, Norwich, Norfolk NR2 4BD2
£195K09/230.43 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.43 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£260K11/210.43 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£152K09/210.43 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£160K12/230.46 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£164K12/220.46 mi17, Charles Square, Norwich, Norfolk NR2 4BE2
£185K08/230.47 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£135K06/230.48 mi63, Douro Place, Norwich, Norfolk NR2 4BQ2
£145K05/230.48 mi57, Douro Place, Norwich, Norfolk NR2 4BQ2
£180K12/200.48 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2
£165K01/230.48 mi102, West Pottergate, Norwich, Norfolk NR2 4BW2
£147K11/230.48 mi101, West Pottergate, Norwich, Norfolk NR2 4BW2
£135K03/230.48 mi83, West Pottergate, Norwich, Norfolk NR2 4BW2
£203K09/210.5 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£140K01/210.5 mi8, Distillery Square, Norwich, Norfolk NR2 4BH2
£168K05/230.51 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£218K11/200.52 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£100K02/210.53 mi52, Park Lane, Norwich, Norfolk NR2 3EF2
£180K10/210.54 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2

Local Rents

51 rents from £925/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,10012/240.07 miChapelfield Gardens, Norwich2
£1,17512/240.08 miChapelfield Gardens, Norwich, 2
£1,29501/240.13 mi-2
£1,30005/240.13 mi-2
£95008/240.14 miBethel Street, NORWICH2
£1,20006/240.16 miNeedham Place, Norwich2
£1,15008/240.17 mi-2
£1,15009/240.17 mi-2
£1,15008/240.17 miVauxhall Street, Norwich, NR22
£1,15012/240.17 miNeedham Place, Norwich2
£99501/250.18 mi-2
£1,15006/240.2 miSt. Giles Street, Norwich, Norfolk, NR22
£1,05003/240.2 miSt. Giles Street, Norwich, NR22
£1,40006/240.21 mi-2
£1,50006/240.22 miShibleys Court, Norwich, Norfolk2
£1,60012/240.22 mi-2
£1,10005/240.23 mi-2
£1,15007/240.23 miUpper St. Giles Street, NR22
£1,20008/240.23 miVantage House, NR2 1EY2
£1,30008/240.23 miVantage House, NR2 1EY2
£1,30008/240.23 miSt Giles Street, Norwich2
£1,15006/240.24 miSt Giles Street, Norwich2
£1,35006/240.24 miSt Giles Street, Norwich2
£1,25002/250.25 mi-2
£1,25003/250.25 mi-2
£1,35006/240.25 miSt Giles Street, Norwich2
£1,20007/240.25 miSt Giles Street, Norwich2
£1,20008/240.25 miSt Giles Street, Norwich2
£1,20008/240.25 miSt Giles Street, Norwich2
£1,10006/240.25 miWatlings Court, Norwich2
£1,10006/240.25 miNorwich, NR22
£1,15006/240.25 miUpper St. Giles2
£92506/240.26 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,25006/240.26 miThe Pavillion, NR12
£1,15006/240.27 miSt Stephens Road, NORWICH2
£95006/240.27 miThe Pavilion, St Stephens Road, Norwich, NR12
£1,25010/240.27 mi-2
£1,25010/240.27 mi-2
£1,22501/250.27 mi-2
£1,20003/240.27 miThe Pavillion, St Stephens Road, Norwich2
£1,60003/240.27 miWestlegate, Norwich2
£1,19511/240.27 mi-2
£95009/240.28 miColman House, Pottergate2
£1,10006/240.28 miWellington Lane, Norwich2
£1,20007/240.28 miWellingtons Lane, Norwich2
£1,15007/240.28 miCity2
£97506/240.28 miKingsley Road, Norwich2
£1,09508/240.28 miUnthank Road, Norwich, Norfolk, NR22
£1,20006/240.28 miUnthank Road, Norwich, NR22
£1,20007/240.28 miUnthank Road, Norwich, NR22
£1,00006/240.29 miCopeman Street, Norwich2

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

0.95 miles away

Nearest school

0.10 miles away

Nearest train station

0.78 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £260,000

February 21, 2025

Floor Plans

Description

  • No Onward Chain +
  • Overlooking Chapelfield Gardens +
  • Two Bedrooms +
  • Lounge/Diner With A Glazed Elevation +
  • Quality Fitted Kitchen +
  • En-Suite & A Bathroom +
  • Within Walking Distance of Chapelfield Gardens & The City Centre +

GUIDE PRICE £260,000 - £270,000. Offered to the market with No Onward Chain, is this stunning two bedroomed second floor apartment overlooking Chapelfield Gardens with accommodation comprising communal entrance hall with lift and stairs plus intercom secure entr.y Hall two double bedrooms, e-nsuite to bedroom one, bathroom, lounge/diner with glazed elevation overlooking Chapelfield Gardens and a quality fitted kitchen. The apartment benefits from having gas central heating and double glazing. Externally there is one allocated secure underground parking space.

You are literally a stones throw from the picturesque Chapelfield Gardens, which now boasts the wonderful Café, 33 in the park and is walking distance to Marks & Spencer s, both of the cities shopping malls and a vast selection of the finest bars and restaurants.

Communal front doors with intercom entry to:-

Communal Entrance Hall
Staircase and lift to the second floor.

Communal Landing
Entrance door to:-

Entrance Hall
Cupboard housing the gas boiler serving domestic hot water and central heating.

Lounge/Diner - 16'4" (4.98m) x 13'9" (4.19m)
Curved floor to ceiling double glazed panel with stunning views over Chapelfield Gardens.

Kitchen - 12'4" (3.76m) x 8'6" (2.59m)
Fitted with a range of quality base and wall units, work surfaces, stainless steel one and a half bowl sink unit with mixer tap over, integrated fridge/freezer, dishwasher and washing machine, integrated four ring electric hob with extractor fan over, electric oven and grill, tiled floor.

Bedroom 1 - 15'0" (4.57m) x 10'3" (3.12m)
Double glazed window to the front with views over Chapelfield Gardens, fitted wardrobes, door to:-

En-Suite Shower Room
Double glazed window to the front, shower cubicle, wash basin, low level WC, tiled splashbacks, extractor fan, chrome heated towel radiator.

Bedroom 2 - 14'4" (4.37m) x 10'4" (3.15m)
Double glazed window to the front with views over Chapelfield Gardens, laminate flooring.

Bathroom
Panelled bath with mixer shower over, wash basin, low level WC, fully tiled walls, tiled floor, extractor fan, chrome heated towel radiator.

Outside
One secure underground, allocated parking space located within the residents car park.

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Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.

Agent Details

Pymm & Co, Norwich

01603 361642

Next Steps?

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