2 Bed Flat, Single Let, Norwich, NR1 3BF, £220,000

Chapelfield Gardens, Norwich, NR1 3BF - a month ago

Leasehold
BTL
~68 m²
+4 photos

ValuationOvervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£168,149

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£68,200

 

 

Cash Out

 

Rent Range

£850 - £1,600

Rent Estimate

£934

Running Costs/mo

£894

Cashflow/mo

£40

Cashflow/yr

£476

ROI

1%

Gross Yield

5%

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 
£310K06/210.05 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£190K03/230.15 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.15 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.15 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.15 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£170K11/220.19 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£177K07/230.2 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£155K11/200.22 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£128K09/230.25 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£165K10/230.29 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£150K10/210.3 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£150K03/210.32 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£199.9K12/200.34 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£125K03/210.35 mi151, Somerleyton Gardens, Norwich, Norfolk NR2 2BS2
£150K07/230.35 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.35 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£181K03/210.36 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.36 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£200K10/230.37 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.37 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.37 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£125K01/240.38 mi111, Somerleyton Gardens, Norwich, Norfolk NR2 2BP2
£207K01/210.38 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£180K01/210.39 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£203K09/210.4 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£260K11/210.4 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£165K09/230.41 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£185K08/230.41 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£160K12/230.42 mi15, Eagle Walk, Norwich, Norfolk NR2 2JA2
£168K05/230.43 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£217.5K03/210.44 mi7, St Margarets Street, Norwich, Norfolk NR2 4TU2
£156.5K08/230.44 mi76, Paragon Place, Norwich, Norfolk NR2 4BP2
£140K10/230.44 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£140K07/210.46 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.46 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.46 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£218K11/200.46 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£165K03/230.47 mi66, Paragon Place, Norwich, Norfolk NR2 4BP2
£160K01/240.48 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£158K08/230.48 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.48 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£195K09/230.48 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.48 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£138K01/240.49 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£180K05/230.51 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£162K04/230.51 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£133K08/230.51 mi41, West Pottergate, Norwich, Norfolk NR2 4BN2
£177.5K08/230.51 mi6, West Pottergate, Norwich, Norfolk NR2 4BN2
£152K09/210.53 mi56, Heigham Grove, Norwich, Norfolk NR2 3DH2
£180K10/210.53 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2

Local Rents

51 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,17512/240.03 miChapelfield Gardens, Norwich, 2
£1,10012/240.05 miChapelfield Gardens, Norwich2
£1,20006/240.07 miNeedham Place, Norwich2
£1,15012/240.07 miNeedham Place, Norwich2
£99501/250.18 mi-2
£97506/240.19 miKingsley Road, Norwich2
£92506/240.2 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,15006/240.21 miSt Stephens Road, NORWICH2
£95006/240.21 miThe Pavilion, St Stephens Road, Norwich, NR12
£1,20003/240.21 miThe Pavillion, St Stephens Road, Norwich2
£1,25006/240.21 miThe Pavillion, NR12
£1,55012/240.22 mi-2
£85003/240.22 miWood Street, Norwich, Norfolk, NR12
£1,60003/240.22 miWestlegate, Norwich2
£1,29501/240.23 mi-2
£1,30005/240.23 mi-2
£95008/240.23 miBethel Street, NORWICH2
£1,50006/240.25 miShibleys Court, Norwich, Norfolk2
£1,19511/240.25 mi-2
£97512/240.25 miRegina Road, NR1 3QZ2
£1,15008/240.25 mi-2
£1,15009/240.25 mi-2
£1,15008/240.25 miVauxhall Street, Norwich, NR22
£1,40010/240.26 mi-2
£1,00006/240.26 miSurrey Street, NORWICH2
£1,10006/240.26 miSurrey Street, NORWICH2
£1,10006/240.26 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240.26 miSentinel House, Surrey Street, NORWICH2
£1,35006/240.26 miSurrey Street, Norwich, Norfolk, NR12
£1,35008/240.26 miThomas Wyatt Close, Norwich2
£1,27512/240.26 mi-2
£1,00006/240.26 mi2 bedroom property in Surrey Street, Norwich2
£97507/240.26 miEdward Jodrell Plain, Norwich2
£1,30006/240.26 mi-2
£1,35008/240.27 miThomas Wyatt Close, NORWICH2
£1,35006/240.27 miSurrey Street, NORWICH2
£1,30012/240.27 miSurrey Street, NORWICH2
£1,25012/240.27 miSurrey Street, Norwich2
£1,35006/240.27 miSentinel House, Norwich, NR12
£1,20012/240.27 miSentinel House, Surrey Street, Norwich2
£1,35002/240.27 mi-2
£1,35006/240.27 mi-2
£1,30012/240.27 mi-2
£1,35012/240.27 mi-2
£1,35012/240.27 mi-2
£1,10006/240.28 miSurrey Street, Norwich2
£1,30012/240.28 miNorwich, NR12
£1,25012/240.28 miSentinel House, Norwich, NR12
£1,40006/240.29 mi-2
£95006/240.29 miBrunswick Road, Norwich2
£1,40003/240.29 miCastle Meadow, Norwich, NR22

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.03 miles away

Nearest school

0.10 miles away

Nearest train station

0.73 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £220,000

March 20, 2025

Listed for £240,000

March 4, 2025

Floor Plans

Description

  • No Onward Chain +
  • Secure Allocated Underground Parking Space +
  • City Centre Location +
  • En-Suite & Bathroom +
  • Two Bedrooms +
  • Walking Distance Of An Abundance of Amenities +
  • Secure Intercom Entry +
  • Excellent Condition +
  • Communal Gardens +

Guide Price £240,000 - £250,000. Nestled within the historic City walls of Norwich, this impressive two bedroom first floor apartment offers stylish and modern living in the highly sought after Chapelfield area. With its prime City centre location, the property is perfectly positioned for those who want to enjoy everything Norwich has to offer, from its rich history to its vibrant shopping and dining scene. The apartment itself boasts two generously sized bedrooms, including a well appointed master with en-suite, alongside a sleek family bathroom. The bright and spacious open plan lounge/diner is bathed in natural light, creating an inviting space for both relaxation and entertaining. A generous sized kitchen, fitted with modern appliances, leads seamlessly off the living area, making it ideal for those who love to cook and entertain. Further enhancing its appeal, the property benefits from gas central heating and double glazing, ensuring year round comfort and energy efficiency. A rare advantage in such a central location, this apartment also includes a secure underground parking space, providing both convenience and peace of mind.

Just moments from the scenic Chapelfield Gardens, residents can enjoy a tranquil green space ideal for relaxing strolls, while the bustling Chantry Place shopping mall is right on the doorstep, offering a wide range of high end and high street retailers, restaurants, and entertainment options. The location also provides easy access to Norwich`s famous market, cultural landmarks, and thriving night life. With Norwich Train Station nearby, offering direct connections to London and Cambridge, and easy access to the A11 and A47,

Agents Note
The Lease currently has 85 years left, however, the current vendor is in the process of extending this to take it up to 171 years.

what3words /// dent.bossy.foal

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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