2 Bed Flat, Single Let, Norwich, NR1 1YP, £150,000

Wilson Road, Norwich, Norfolk, NR1 1YP - a month ago

Leasehold
BTL
ROI: 6%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£110K - £325K
Sold Prices/m²£1.6K/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£184,318
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£8,700

Total Cash In

£46,200

 

 

Cash Out

 

Rent Range

£875 - £1,800

Rent Estimate

£913

Running Costs/mo

£671

Cashflow/mo

£242

Cashflow/yr

£2,900

ROI

6%

Gross Yield

7%

Local Sold Prices

50 sold prices from £110K to £325K, average is £151K. £1.6K/m² to £4.2K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£147.5K01/210 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£155K03/230.06 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.06 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.06 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.06 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.06 mi51, Scott Road, Norwich, Norfolk NR1 1YL2
£135K02/210.06 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£145K03/240.07 mi86, Scott Road, Norwich, Norfolk NR1 1YR2
£140K01/210.07 mi66, Scott Road, Norwich, Norfolk NR1 1YR2
£152K11/210.07 mi20, Scott Road, Norwich, Norfolk NR1 1YR2
£148K05/210.07 mi84, Scott Road, Norwich, Norfolk NR1 1YR2
£143K05/230.07 mi140, Scott Road, Norwich, Norfolk NR1 1YR2
£144K04/240.07 mi22, Scott Road, Norwich, Norfolk NR1 1YR2
£145K02/230.08 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£158K02/230.1 mi38, Glendenning Road, Norwich, Norfolk NR1 1YS2
£138.5K12/200.12 mi90, Glendenning Road, Norwich, Norfolk NR1 1YN2
£150K08/230.12 mi39, Glendenning Road, Norwich, Norfolk NR1 1YS2
£168K03/210.17 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£225K12/200.23 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£145K07/230.24 mi10, Roseville Close, Norwich, Norfolk NR1 1UX2
£130K03/210.24 mi24, Roseville Close, Norwich, Norfolk NR1 1UX2
£125K01/240.24 mi2, Roseville Close, Norwich, Norfolk NR1 1UX2
£122K04/210.24 mi29, Roseville Close, Norwich, Norfolk NR1 1UX2
£115K03/210.32 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£122K10/210.39 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£203K11/200.44 mi1b, Harvey Lane, Norwich, Norfolk NR7 0BG2
£150K12/230.47 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.47 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.47 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£325K01/230.49 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£190K05/210.51 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£170K09/230.52 mi30, Woodrow Place, Norwich, Norfolk NR1 4PF2
£270K10/200.53 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£210K06/210.59 mi4, Thorpe Hall Close, Norwich, Norfolk NR7 0TH2
£167.5K04/230.6 mi120, St Leonards Road, Norwich, Norfolk NR1 4JG2
£150K06/230.6 mi106, St Leonards Road, Norwich, Norfolk NR1 4JG2
£117K01/210.62 mi171, St Leonards Road, Norwich, Norfolk NR1 4JN2
£120K10/200.62 mi215, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.62 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.64 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£160K05/230.67 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£218K11/200.68 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£158K08/230.69 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.69 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£225K09/210.71 miFlat 3, Trowse House, Bracondale Millgate, Norwich, Norfolk NR1 2EQ2
£168K05/230.72 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£185K08/230.73 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£180K10/210.75 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.75 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£260K11/210.8 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2

Local Rents

50 rents from £875/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£92506/240.04 miScott Road, Norwich, NR12
£1,05004/240.07 mi-2
£95012/240.07 mi-2
£1,25006/240.09 miThorpe Road, Norwich, 2
£90002/240.09 mi-2
£1,25006/240.12 mi-2
£1,20012/240.13 miEastgate House, Thorpe Road, Norwich2
£1,35006/240.15 mi-2
£1,07506/240.15 miFlat 5 Eastgate House, Thorpe Rd, Norwich2
£1,80006/240.17 miMatlock Road, Norwich, NR12
£1,20006/240.18 mi-2
£1,80006/240.18 miMatlock Road, NORWICH2
£1,20002/250.2 mi-2
£1,50012/240.21 miTibbenham House, Norwich, NR12
£1,50012/240.21 mi-2
£1,10006/240.23 miCarrow Road, Norwich2
£1,29512/240.26 miThorpe Road, Norwich, NR12
£1,25012/240.27 miThe Sidings, Norwich, 2
£1,50002/240.29 mi-2
£1,20012/240.3 miRanson Road, Norwich2
£1,35012/240.3 miGeoffrey Watling Way, Norwich, NR12
£1,40006/240.31 miGeoffrey Watling Way, NORWICH2
£1,35012/240.31 miRichard Hawthorn House, NR1 1GS2
£1,20006/240.31 miCanary Quay, NR12
£1,20006/240.31 miCanary Quay, NR12
£1,60012/240.31 miRichard Hawthorne House, Norwich2
£1,45002/250.33 mi-2
£87512/240.33 miHill House Road, Norwich2
£1,55003/240.34 mi-2
£1,35003/250.34 mi-2
£1,45012/240.34 miSolace, Norwich, NR12
£1,45012/240.34 mi-2
£1,05012/240.36 miRobinson Bank, Norwich, NR1 1GG2
£1,25012/240.37 miLochhead Bank, Norwich2
£1,35012/240.38 miLochhead Bank, NR1 1GF2
£1,09512/240.38 miGeoffrey Watling Way, Norwich, Norfolk, NR12
£1,20010/240.39 mi-2
£1,19512/240.4 mi-2
£1,05006/240.4 miAllison Bank, Geoffrey Watling Way, Norwich2
£1,60006/240.4 miNorwich, NR12
£1,40006/240.41 miCity Centre, Norwich, NR12
£1,25012/240.41 miLower Clarence Road, Norwich2
£1,30006/240.41 miGeoffrey Watling Way, NORWICH2
£1,15006/240.42 miPrimrose Road, Norwich2
£1,25012/240.43 mi-2
£1,10006/240.44 miPaper Mill Yard, King Street, Norwich, NR12
£1,30006/240.45 mi-2
£1,30006/240.45 miPaper Mill Yard, Norwich, NR12
£1,00012/240.45 miQuebec Road2
£1,00012/240.45 miBertram Way, NR12

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.52 miles away

Nearest school

0.40 miles away

Nearest train station

0.46 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Listed for £150,000

February 27, 2025

Floor Plans

Description

  • City Centre Apartment +
  • Allocated Parking +
  • EPC - C +
  • 88 Year lease +
  • Combi Boiler +

Two Bedroom Ground Floor Apartment in the popular area of Thorpe Park on Wilson Road.

Wilson Road is situated near the City Centre just off Yarmouth Road. Riverside retail park is just a 10 minute walk, along with the train station. Regular buses run into Norwich City Centre itself, with connections further afield.

As you enter this ground floor apartment the spacious family bathroom is on your right fitted with a shower, basin, toilet and towel rail. On the left is the second bedroom overlooking the communal grounds. The master bedroom also looks over the gardens.

The 16ft lounge leads into the fitted kitchen with ample space for your kitchenware, with plumbing for a washing machine, space for a fridge freezer and oven.

Wilson Road comes with allocated parking and access to communal gardens.

If you would like more information, or to book a viewing please call: .

Agent Details

Leaders Sales, Norwich

01603 361921

Next Steps?

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