2 Bed Flat, Single Let, Norwich, NR1 1QH, £200,000

King Street, Norwich, NR1 1QH - a month ago

Sold STC
BTL
ROI: 2%
~68 m²
+10 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£177,967

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Rent Range

£950 - £1,950

Rent Estimate

£950

Running Costs/mo

£835

Cashflow/mo

£115

Cashflow/yr

£1,380

ROI

2%

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 
£218K11/200.11 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£168K05/230.12 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£158K08/230.13 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.13 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£150K12/230.14 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.14 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.14 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£270K10/200.16 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£185K08/230.16 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£325K01/230.17 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£150K10/210.23 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£260K11/210.27 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£160K05/230.31 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£180K10/210.34 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.34 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£140K07/210.34 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.34 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.34 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£140K10/230.4 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£160K01/240.41 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£122K10/210.41 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£162K04/230.45 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
£138K01/240.47 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£203K09/210.48 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£162K01/230.49 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
£165K10/230.6 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£236.5K01/230.61 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£147.5K01/210.61 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£200K10/230.61 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£150K03/210.62 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£135K02/210.62 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£195K09/230.63 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.63 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£180K05/230.64 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£145K02/230.64 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£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
£155K03/230.66 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.66 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.66 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.66 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.66 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
£1,25012/240.09 miEast Bank, Wherry Road, Norwich, NR12
£1,15012/240.1 mi-2
£1,20012/240.1 mi-2
£1,20012/240.1 mi-2
£1,10012/240.11 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
£1,27009/240.12 mi-2
£1,30012/240.13 miNorwich, NR12
£1,10012/240.13 miWherry Road, Norwich2
£1,10012/240.13 mi-2
£1,15002/250.13 mi-2
£1,10006/240.13 mi-2
£1,25006/240.16 miKing Street, NORWICH2
£1,20006/240.16 miBartholomew Court, NR1 1FT2
£1,15006/240.16 miBartholomew Court, NR1 1FT2
£1,20003/240.16 miBartholomew Court, NR1 1FS2
£1,15003/240.16 miBartholomew Court, NR1 1FS2
£1,15007/220.16 miBartholomew Court, NR1 1FT2
£1,20003/240.16 miBartholomew Court, NR1 1FS2
£1,30006/240.17 miWherry Road, NORWICH2
£1,35012/240.17 miWherry Road, Norwich, Norfolk, NR12
£1,25005/240.17 mi-2
£1,40002/250.19 mi-2
£1,30004/240.2 mi-2
£1,20006/240.2 miKing Street, Norwich2
£1,05006/240.21 miScoles Green, Norwich2
£1,35006/240.22 miNew Ferry Yard2
£95006/240.23 miRouen Road, Norwich, Norfolk, NR12
£95006/240.23 miRouen Road, Norwich, Norfolk, NR12
£1,50004/250.23 mi-2
£1,40006/240.24 miKing Street, Norwich2
£95006/240.24 miEmms Court, Norwich2
£1,25012/240.25 miCattle Market Street, NORWICH2
£1,20012/240.25 mi23 Cattle Market Street, NORWICH2
£1,20011/240.25 mi-2
£1,40006/240.26 miThe Malt House, NR1 2TP2
£1,25012/240.27 miSentinel House, Norwich, NR12
£1,25006/240.27 miSt Peters House, Cattlemarket Street, Norwich2
£1,05006/240.27 miCity Road2
£1,35006/240.27 miSurrey Street, Norwich2
£95006/240.28 miTudor Hall, Norwich2
£1,10006/240.28 miSurrey Street, Norwich2
£1,30012/240.28 miNorwich, NR12
£1,35006/240.28 miSurrey Street, NORWICH2

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.18 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

Listed for £200,000

February 25, 2025

Floor Plans

Description

  • Two Double Bedrooms +
  • Private Entrance +
  • Family Bathroom And Ensuite +
  • Well Presented Throughout +
  • Open Plan Kitchen / Lounge +
  • Private Outdoor Space +
  • Close Proximity to Riverside Retail Park +
  • Light And Spacious Ground Floor Apartment +

Nestled within a sought-after location, this exquisite ground floor apartment epitomises contemporary living at its finest. Boasting two double bedrooms, including the main with ensuite along with a family bathroom, and a sleek open plan kitchen/lounge area, this property effortlessly combines style and functionality. The apartment is well-presented throughout, with an abundance of natural light creating a bright and airy ambience. With its private entrance, private courtyard garden and close proximity to Riverside Retail Park, convenience is key in this desirable residence.

EPC Rating: B

Agent Details

Websters Estate Agents, Norwich

01603 361833

Next Steps?

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