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

Scott Road, Norwich, NR1 1YR - 2 views - 25 days 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

£891

Running Costs/mo

£667

Cashflow/mo

£224

Cashflow/yr

£2,689

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 
£135K02/210.03 mi138, Thorpe Road, Norwich, Norfolk NR1 1RH2
£145K02/230.03 mi144b, Thorpe Road, Norwich, Norfolk NR1 1RH2
£155K03/230.04 mi77, Scott Road, Norwich, Norfolk NR1 1YL2
£160K07/230.04 mi129, Scott Road, Norwich, Norfolk NR1 1YL2
£160K02/230.04 mi75, Scott Road, Norwich, Norfolk NR1 1YL2
£140K05/230.04 mi21, Scott Road, Norwich, Norfolk NR1 1YL2
£159K12/230.04 mi51, Scott Road, Norwich, Norfolk NR1 1YL2
£147.5K01/210.05 mi32, Wilson Road, Norwich, Norfolk NR1 1YP2
£145K03/240.06 mi86, Scott Road, Norwich, Norfolk NR1 1YR2
£140K01/210.06 mi66, Scott Road, Norwich, Norfolk NR1 1YR2
£152K11/210.06 mi20, Scott Road, Norwich, Norfolk NR1 1YR2
£148K05/210.06 mi84, Scott Road, Norwich, Norfolk NR1 1YR2
£143K05/230.06 mi140, Scott Road, Norwich, Norfolk NR1 1YR2
£144K04/240.06 mi22, Scott Road, Norwich, Norfolk NR1 1YR2
£158K02/230.08 mi38, Glendenning Road, Norwich, Norfolk NR1 1YS2
£150K08/230.09 mi39, Glendenning Road, Norwich, Norfolk NR1 1YS2
£138.5K12/200.1 mi90, Glendenning Road, Norwich, Norfolk NR1 1YN2
£168K03/210.18 miFlat 1, Squires Haven, Clarence Road, Norwich, Norfolk NR1 1HQ2
£145K07/230.21 mi10, Roseville Close, Norwich, Norfolk NR1 1UX2
£130K03/210.21 mi24, Roseville Close, Norwich, Norfolk NR1 1UX2
£125K01/240.21 mi2, Roseville Close, Norwich, Norfolk NR1 1UX2
£122K04/210.21 mi29, Roseville Close, Norwich, Norfolk NR1 1UX2
£225K12/200.27 mi37, Kerrison Road, Norwich, Norfolk NR1 1JB2
£115K03/210.31 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£122K10/210.38 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£203K11/200.4 mi1b, Harvey Lane, Norwich, Norfolk NR7 0BG2
£170K09/230.48 mi30, Woodrow Place, Norwich, Norfolk NR1 4PF2
£190K05/210.49 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£150K12/230.49 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.49 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.49 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£325K01/230.52 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£210K06/210.56 mi4, Thorpe Hall Close, Norwich, Norfolk NR7 0TH2
£270K10/200.56 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£167.5K04/230.57 mi120, St Leonards Road, Norwich, Norfolk NR1 4JG2
£150K06/230.57 mi106, St Leonards Road, Norwich, Norfolk NR1 4JG2
£117K01/210.59 mi171, St Leonards Road, Norwich, Norfolk NR1 4JN2
£120K10/200.59 mi215, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.59 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.61 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£218K11/200.69 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£160K05/230.7 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£158K08/230.72 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.72 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£168K05/230.74 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£185K08/230.75 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£225K09/210.75 miFlat 3, Trowse House, Bracondale Millgate, Norwich, Norfolk NR1 2EQ2
£180K10/210.76 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.76 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£260K11/210.81 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 
£92506/240.02 miScott Road, Norwich, NR12
£1,05004/240.04 mi-2
£95012/240.06 mi-2
£1,25006/240.08 miThorpe Road, Norwich, 2
£90002/240.09 mi-2
£1,80006/240.12 miMatlock Road, Norwich, NR12
£1,20012/240.13 miEastgate House, Thorpe Road, Norwich2
£1,80006/240.14 miMatlock Road, NORWICH2
£1,35006/240.14 mi-2
£1,07506/240.15 miFlat 5 Eastgate House, Thorpe Rd, Norwich2
£1,20006/240.16 mi-2
£1,20002/250.17 mi-2
£1,25006/240.17 mi-2
£1,50012/240.19 miTibbenham House, Norwich, NR12
£1,50012/240.19 mi-2
£1,29512/240.22 miThorpe Road, Norwich, NR12
£1,25012/240.24 miThe Sidings, Norwich, 2
£1,20012/240.26 miRanson Road, Norwich2
£1,10006/240.27 miCarrow Road, Norwich2
£87512/240.32 miHill House Road, Norwich2
£1,50002/240.34 mi-2
£1,35012/240.35 miGeoffrey Watling Way, Norwich, NR12
£1,40006/240.35 miGeoffrey Watling Way, NORWICH2
£1,35012/240.35 miRichard Hawthorn House, NR1 1GS2
£1,20006/240.35 miCanary Quay, NR12
£1,20006/240.35 miCanary Quay, NR12
£1,60012/240.35 miRichard Hawthorne House, Norwich2
£1,45002/250.37 mi-2
£1,55003/240.38 mi-2
£1,15006/240.38 miPrimrose Road, Norwich2
£1,35003/250.39 mi-2
£1,45012/240.39 miSolace, Norwich, NR12
£1,45012/240.39 mi-2
£1,19512/240.4 mi-2
£1,05012/240.41 miRobinson Bank, Norwich, NR1 1GG2
£1,25012/240.41 miLochhead Bank, Norwich2
£1,25012/240.41 miLower Clarence Road, Norwich2
£1,35012/240.42 miLochhead Bank, NR1 1GF2
£1,09512/240.42 miGeoffrey Watling Way, Norwich, Norfolk, NR12
£1,00012/240.42 miQuebec Road2
£1,25012/240.42 mi-2
£1,00012/240.43 miBertram Way, NR12
£1,20010/240.43 mi-2
£1,05006/240.44 miAllison Bank, Geoffrey Watling Way, Norwich2
£1,60006/240.44 miNorwich, NR12
£1,40006/240.44 miCity Centre, Norwich, NR12
£1,30006/240.45 miGeoffrey Watling Way, NORWICH2
£1,30004/240.48 mi-2
£1,10006/240.48 miPaper Mill Yard, King Street, Norwich, NR12
£1,30006/240.49 miPaper Mill Yard, Norwich, NR12

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.51 miles away

Nearest school

0.40 miles away

Nearest train station

0.47 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

March 5, 2025

Floor Plans

Description

  • Two Bedroom Apartment +
  • Close to City Centre +
  • No Onward Chain +
  • Gas Central Heating +
  • Ready To Move Into +
  • Ideal First Time Buy or Investment +
  • Ground Floor +

A spacious 2-Bed Ground Floor Flat with Private Veranda – Prime Norwich Location!

Situated on the sought-after Scott Road, just a stone's throw from Norwich city centre, this well-maintained 2-bedroom ground floor flat offers an exceptional blend of convenience, comfort, and outdoor space. Whether you're an investor seeking a high-demand rental property or a first-time buyer looking for a charming home, this flat is sure to impress.

Boasting a good-sized entrance hall with storage cupboard, the flat features a spacious living/dining area, perfect for entertaining or relaxing in comfort. The separate kitchen is well-designed, while a private veranda at the rear provides a peaceful spot to enjoy views of the communal greenspace. Plus, with one allocated parking space and secure entry into the block, convenience is guaranteed.

During ownership the vendor has fitted a new bathroom and kitchen.

With its fantastic location near local amenities, the train station, and Norwich city centre, this flat offers a wonderful opportunity for anyone looking to live or invest in the area.

Contact us today to arrange a viewing and see for yourself how this property ticks all the boxes!

Agent Details

haart, Norwich

01603 937768

Next Steps?

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