2 Bed Terraced House, Single Let, Norwich, NR2 4JW, £220,000

Old Palace Road, Norwich, NR2 4JW - 16 days ago

BTL
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£150K - £325K
Sold Prices/m²£2.1K/m² - £5.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.2K/m²

Value Estimate

£229,338
BMV4%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£55,000

Stamp Duty & Legal Fees

£12,200

Total Cash In

£67,200

 

 

Cash Out

 

Rent Range

£795 - £2,850

Rent Estimate

£875

Running Costs/mo

£883

Cashflow/mo

£-7

Cashflow/yr

£-90

Gross Yield

5%

Local Sold Prices

51 sold prices from £150K to £325K, average is £230K. £2.1K/m² to £5.1K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£205K01/240.08 mi2, Nile Street, Norwich, Norfolk NR2 4JU2
£220K04/240.08 mi17, Nile Street, Norwich, Norfolk NR2 4JU2
£215K10/230.11 mi88, Nelson Street, Norwich, Norfolk NR2 4DR2
£280K04/230.17 mi202, Nelson Street, Norwich, Norfolk NR2 4DS2
£211K12/220.17 mi10, Adelaide Street, Norwich, Norfolk NR2 4JL2
£150K09/220.19 mi70, Dolphin Grove, Norwich, Norfolk NR2 4DY2
£150K05/230.19 mi19a, Nelson Street, Norwich, Norfolk NR2 4DN2
£242.5K10/230.2 mi64, West End Street, Norwich, Norfolk NR2 4DP2
£254K12/220.22 mi101, West End Street, Norwich, Norfolk NR2 4DP2
£165K11/200.23 mi225, Heigham Street, Norwich, Norfolk NR2 4LN2
£215K08/210.24 mi203, Nelson Street, Norwich, Norfolk NR2 4DU2
£150K03/210.25 mi107, Belvoir Street, Norwich, Norfolk NR2 3AZ2
£265K09/210.25 mi74, Dereham Road, Norwich, Norfolk NR2 4BU2
£245K02/230.27 mi97, Gladstone Street, Norwich, Norfolk NR2 3BJ2
£214.5K08/230.27 mi103, Gladstone Street, Norwich, Norfolk NR2 3BJ2
£215K08/210.27 mi11, Horsford Street, Norwich, Norfolk NR2 4LW2
£228K04/240.27 mi11, Horsford Street, Norwich, Norfolk NR2 4LW2
£217.5K10/230.27 mi1b, Helford Street, Norwich, Norfolk NR2 4LY2
£170K11/200.28 mi1b, Helford Street, Norwich, Norfolk NR2 4LY2
£240K02/230.28 mi263, Heigham Street, Norwich, Norfolk NR2 4LT2
£218.5K12/200.28 mi73, Alexandra Road, Norwich, Norfolk NR2 3EA2
£240K06/210.28 mi100, Alexandra Road, Norwich, Norfolk NR2 3EA2
£159K01/210.3 mi25, Speke Street, Norwich, Norfolk NR2 4HF2
£175K02/240.3 mi29, Speke Street, Norwich, Norfolk NR2 4HF2
£199.5K03/210.31 mi46, Grant Street, Norwich, Norfolk NR2 4HA2
£230K12/200.31 mi192, Armes Street, Norwich, Norfolk NR2 4EN2
£230K12/200.31 mi192, Armes Street, Norwich, Norfolk NR2 4EN2
£325K06/230.31 mi51, Connaught Road, Norwich, Norfolk NR2 3BP2
£241K09/230.31 mi17, Connaught Road, Norwich, Norfolk NR2 3BP2
£197K02/210.32 mi13, Stafford Street, Norwich, Norfolk NR2 3BA2
£197K02/210.32 mi13, Stafford Street, Norwich, Norfolk NR2 3BA2
£316.5K11/220.34 mi84a, Hotblack Road, Norwich, Norfolk NR2 4HN2
£206.5K02/210.35 mi30, Helena Road, Norwich, Norfolk NR2 3BZ2
£205K10/210.35 mi105, Waterworks Road, Norwich, Norfolk NR2 4DB2
£317.6K03/210.35 mi47, St Philips Road, Norwich, Norfolk NR2 3BN2
£254K09/210.35 mi52, Hotblack Road, Norwich, Norfolk NR2 4HQ2
£215K12/200.37 mi46, Gladstone Street, Norwich, Norfolk NR2 3BH2
£205K06/210.37 mi22, Gladstone Street, Norwich, Norfolk NR2 3BH2
£255.5K12/220.37 mi34, Alexandra Road, Norwich, Norfolk NR2 3EB2
£239.5K12/200.37 mi32, Alexandra Road, Norwich, Norfolk NR2 3EB2
£237K03/230.37 mi30, Alexandra Road, Norwich, Norfolk NR2 3EB2
£270K12/200.37 mi92, Stafford Street, Norwich, Norfolk NR2 3BG2
£288K03/240.37 mi86, Stafford Street, Norwich, Norfolk NR2 3BG2
£325K01/230.38 mi131, West Pottergate, Norwich, Norfolk NR2 4BW2
£255K10/230.41 mi35, Turner Road, Norwich, Norfolk NR2 4HD2
£248K10/210.41 mi75, Connaught Road, Norwich, Norfolk NR2 3BS2
£270K05/230.41 mi95, Connaught Road, Norwich, Norfolk NR2 3BS2
£250K11/230.41 mi111, Connaught Road, Norwich, Norfolk NR2 3BS2
£180K12/200.41 mi117, Stafford Street, Norwich, Norfolk NR2 3BQ2
£245K06/230.43 mi57, Edinburgh Road, Norwich, Norfolk NR2 3RJ2
£260K07/230.43 mi9, Edinburgh Road, Norwich, Norfolk NR2 3RJ2

Local Rents

50 rents from £795/mo to £2.9K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£87506/240.08 miGoodman Square, Norwich2
£92506/240.08 mi-2
£87506/240.08 miGoodman Square, Norwich, NR22
£1,00006/240.1 miNelson Street, Norwich, NR22
£90006/240.1 miDevonshire Street, Norwich, NR22
£87503/240.11 miAdelaide Street, Norwich, Norfolk, NR22
£95009/240.13 mi-2
£1,00010/240.13 mi-2
£99501/250.13 mi-2
£82512/240.14 mi-2
£95006/240.17 miArmes Street, Norwich, Norfolk, NR22
£2,85008/240.2 miDereham Road, Norwich2
£79506/240.23 miNelson Street, Norwich2
£99506/240.23 miBlazer Court, Norwich2
£80006/240.24 miMidland Walk, Norwich, NR2 4QP2
£1,19503/250.26 mi-2
£1,19504/240.26 mi-2
£1,20005/240.26 mi-2
£97501/250.26 mi-2
£99506/240.26 mi-2
£1,10008/240.26 mi-2
£95003/250.26 mi-2
£99506/240.26 miSt. Philips Road, Norwich, NR22
£1,20007/240.26 miSt. Philips Road, Norwich, NR22
£1,10007/240.26 miSt. Philips Road, Norwich, NR22
£95006/240.26 miGladstone Street2
£1,15006/240.27 miGladstone Street, Norwich, NR2 3BJ2
£95012/230.27 mi-2
£95002/250.27 mi-2
£90001/250.27 mi-2
£97503/240.28 miLivingstone Street, Norwich, Norfolk, NR22
£97509/240.28 mi-2
£97508/240.28 miLivingstone Street, Norwich, NR22
£1,20001/240.28 mi-2
£1,05006/240.28 miAlexandra Road, NORWICH2
£99506/240.28 miWest City2
£97506/240.3 miSpeke Street, Norwich, NR22
£1,25003/250.31 mi-2
£1,05008/240.31 miGrant Street, Norwich, NR22
£85002/240.33 mi-2
£1,10007/240.33 miHelena Road, Norwich, Norfolk, NR22
£1,15001/240.34 mi-2
£90006/240.35 miBelvoir Street, Golden Triangle2
£97507/240.37 miNorwich2
£89506/240.37 miAlexandra Road, Norwich, NR22
£99505/240.42 mi-2
£99506/240.42 miSt Martins Close, Norwich, NR32
£2,30006/240.43 mi-2
£1,50006/240.43 miEarlham Road, Norwich2
£1,10003/240.43 miGolden Triangle, NR22

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

0.63 miles away

Nearest school

0.20 miles away

Nearest train station

1.39 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £220,000

March 6, 2025

Floor Plans

Description

  • Superb freshly renovated two bedroom terrace property +

  • Impressive elevated location +

  • Ideal for city centre, Fat Cat public house, etc +

  • 21 ft lounge/ dining room +

  • Fitted kitchen with fitted appliances and wood block work surfaces +

  • Non-bisected garden +

SUMMARY
THIS SUPERB, RENOVATED TWO BEDROOM LATE 1800'S BUILT TERRACE PROPERTY is situated in this sought after location, just west of Norwich in an impressive elevated location. It would make a fantastic first time buy, buy to let investment or downsize purchase. * Viewings are highly recommended!! *

DESCRIPTION
THIS SUPERB, RENOVATED TWO BEDROOM LATE 1800'S BUILT TERRACE PROPERTY is situated in this sought after location, just west of Norwich in an impressive elevated location. This beautiful home boasts easy permit parking, a non bisected private enclosed rear garden, a 21 ft open plan lounge dining room with smooth plastered ceiling as well as quality fitted kitchen with fitted appliances. The property is situated within walking distance of the award winning Fat Cat public house and the city centre, etc. It would make a fantastic first time buy, buy to let investment or downsize purchase.

The property must be viewed to fully appreciate this fantastic property and its impressive location!!

Entrance Porch 
UPVC entrance porch with entrance to lounge/ diner:-

Lounge/ Diner 21' x 12' 6" ( 6.40m x 3.81m )
Fitted laminate flooring, stairs to first floor and double aspect with windows to front & rear aspect.

Kitchen 12' 11" x 6' 9" ( 3.94m x 2.06m )
Fully fitted comprehensive range of eye & base level kitchen units, wood block work surfaces, inset double oven & hob, built in dishwasher, built in washing machine, space for fridge/ freezer, fitted extractor fan, wall mounted boiler for heating & hot water and UPVC window & door to side aspect.

Bathroom 
Paneled bath with mains fed shower, vanity wash hand basin, wc, ladder radiator, extractor fan and window to side aspect.

First Floor Landing 

Bedroom One 12' 8" x 11' 3" ( 3.86m x 3.43m )
Window to front aspect, smooth ceiling and radiator.

Bedroom Two 9' 10" x 9' ( 3.00m x 2.74m )
UPVC window to rear aspect and radiator.

Exterior 
The property has a low maintenance front garden, enclosed by fencing and gated access to the street. There is on road permit parking

There is a low maintenance garden to rear, enclosed by fencing affording the property a good level of privacy.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Norwich

01603 361933

Next Steps?

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