3 Bed Flat, Single Let, Norwich, NR2 4QR, £160,000

Napier Place, Norwich, NR2 4QR - 16 days ago

Sold STC
Leasehold
BTL
ROI: 6%
~93 m²
+6 photos

ValuationUndervalued

Sold Prices£46.3K - £435K
Sold Prices/m²£910/m² - £4.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.7K/m²

Value Estimate

£187,208
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Rent Range

£900 - £1,795

Rent Estimate

£944

Running Costs/mo

£709

Cashflow/mo

£235

Cashflow/yr

£2,822

ROI

6%

Gross Yield

7%

Local Sold Prices

44 sold prices from £46.3K to £435K, average is £161K. £910/m² to £4.3K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£145K04/210.03 mi9, Cardigan Place, Norwich, Norfolk NR2 4QS3
£155K12/200.12 mi12, Langley Walk, Norwich, Norfolk NR2 4NH3
£138K04/210.3 mi49, Golding Place, Norwich, Norfolk NR2 4BD3
£168K02/240.3 mi42, Golding Place, Norwich, Norfolk NR2 4BD3
£190K11/210.51 mi3, Water Lane, Norwich, Norfolk NR3 1DD3
£169.5K11/220.59 mi49, Johnson Place, Norwich, Norfolk NR2 2SA3
£162.5K01/230.66 mi40, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£142.5K03/210.68 mi18, Walpole Gardens, Norwich, Norfolk NR2 1RU3
£170K12/220.69 mi88, Vauxhall Street, Norwich, Norfolk NR2 2SD3
£326K04/210.7 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£284.5K08/230.7 mi55, Chapel Field East, Norwich, Norfolk NR2 1SF3
£144K05/210.71 mi5, Globe Place, Norwich, Norfolk NR2 2SG3
£395K08/230.73 mi18, St Michael At Pleas, Norwich, Norfolk NR3 1EP3
£152K03/210.77 mi31b, Suffolk Square, Norwich, Norfolk NR2 2AA3
£175K04/230.77 mi42, Suffolk Square, Norwich, Norfolk NR2 2AA3
£46.3K09/200.85 mi33, Wessex Street, Norwich, Norfolk NR2 2TJ3
£132.5K04/210.97 mi92, Mousehold Street, Norwich, Norfolk NR3 1NX3
£435K01/211.02 mi199a, Unthank Road, Norwich, Norfolk NR2 2PQ3
£231K02/231.04 mi12, Rostwold Way, Norwich, Norfolk NR3 3NN3
£435K04/231.06 mi10, St James Meadow, Norwich, Norfolk NR3 1TR3
£352K01/241.06 mi120a, King Street, Norwich, Norfolk NR1 1QE3
£154K06/231.13 mi61, Music House Lane, Norwich, Norfolk NR1 1QN3
£125K01/241.14 mi88, Heathgate, Norwich, Norfolk NR3 1PN3
£120K02/211.14 mi75, Heathgate, Norwich, Norfolk NR3 1PN3
£140K01/231.14 mi140, Heathgate, Norwich, Norfolk NR3 1PW3
£111K12/201.16 mi6, Heathgate, Norwich, Norfolk NR3 1PQ3
£131K05/211.17 mi40, Heathgate, Norwich, Norfolk NR3 1PQ3
£160K07/211.3 mi5, Kensington Place, Norwich, Norfolk NR1 3JE3
£147K10/231.3 mi13, Kensington Place, Norwich, Norfolk NR1 3JE3
£160K11/201.3 mi63, Hall Road, Norwich, Norfolk NR1 3HL3
£165K08/211.33 mi18, Cherry Close, Norwich, Norfolk NR1 3HR3
£133.3K06/211.34 mi126, St Leonards Road, Norwich, Norfolk NR1 4JG3
£145K12/211.34 mi189, St Leonards Road, Norwich, Norfolk NR1 4JN3
£157.5K02/231.35 mi183, St Leonards Road, Norwich, Norfolk NR1 4JN3
£200K11/221.46 mi6, Pippin Green, Norwich, Norfolk NR4 7NG3
£195K12/221.46 mi3, Pippin Green, Norwich, Norfolk NR4 7NG3
£162K10/231.51 mi128, Templemere, Norwich, Norfolk NR3 4EQ3
£162.5K06/231.51 mi158, Templemere, Norwich, Norfolk NR3 4EE3
£168K09/211.55 mi25, Templemere, Norwich, Norfolk NR3 4EF3
£160K10/211.55 mi44, Templemere, Norwich, Norfolk NR3 4EF3
£175K01/211.55 mi50, Templemere, Norwich, Norfolk NR3 4EF3
£160K04/211.55 mi32, Templemere, Norwich, Norfolk NR3 4EF3
£165K06/231.57 mi97, Templemere, Norwich, Norfolk NR3 4EG3
£295K09/211.99 mi60, Olive Road, Norwich, Norfolk NR5 0AP3

Local Rents

50 rents from £900/mo to £1.8K/mo, average is £1.3K/mo.

RentDateDistanceAddressBeds 
£1,26007/240.08 miDerby Street3
£1,15008/240.12 miClifton Street, Norwich3
£90006/240.22 miAdelaide Street, Norwich3
£1,20006/240.23 miDereham Road, Norwich, NR23
£1,40006/240.27 miOak Street, Norwich3
£1,30008/240.28 miHeigham Road, Norwich, NR2 3AU3
£1,45006/240.3 miNew Mills Yard, Norwich3
£1,20008/240.32 mi-3
£1,20008/240.32 miSussex Street, Norwich, NR33
£1,20006/240.33 miGladstone Street, Norwich NR2 3BJ3
£1,29508/240.35 miAlexandra Road, Norwich3
£1,20008/240.35 miThe Great Hall, Oak Street, NR33
£1,26006/240.36 miAlexandra Road, Norwich, NR2 3EA3
£1,15006/240.37 miThe Shrublands, Norwich, Norfolk, NR23
£1,29006/240.39 miAlexandra Road, Norwich, NR23
£1,32505/240.39 mi-3
£1,29006/240.39 mi-3
£1,50006/240.39 miSt Benedicts Street, Norwich, NR23
£1,14006/240.4 miGladstone Street, Norwich NR2 3BH3
£1,25006/240.4 miGladstone Street, Norwich, Norfolk, NR2 3BH3
£1,30006/240.41 miSt. Augustines Gate, Norwich, Norfolk, NR33
£1,37507/240.41 mi-3
£1,37507/240.41 miStonemasons Court, Norwich, NR33
£1,47506/240.42 mi-3
£1,47506/240.42 miDamocles Court, Norwich, NR23
£1,20007/240.43 miDukes Court, Wellington Lane, Norwich, NR23
£1,20003/240.43 miDukes Court, Wellington Lane, Norwich, NR23
£1,35006/240.43 miDrayton Road, Norwich, NR3 2DE3
£1,05007/240.45 miNorwich3
£1,12511/240.45 mi-3
£1,10006/240.46 miLivingstone Street, NR2 4HE3
£1,49506/240.46 mi-3
£1,39506/240.46 miAnchor Quay, Norwich, Norfolk, NR33
£1,50007/240.47 miBuxton Road, Norwich3
£1,15007/240.47 mioff dereham road3
£1,10006/240.48 miEsdelle Street, Norwich3
£1,25006/240.48 miAlms Lane, Norwich, NR3 1EX3
£92512/230.48 mi-3
£1,40005/240.48 mi-3
£1,45006/240.48 miGolden Triangle, NR23
£1,26006/240.5 miHelena Road, Norwich NR2 3BZ3
£1,35006/240.5 miGrant Street, Norwich NR2 4HA3
£1,37006/240.5 miConnaught Road, Norwich, NR23
£1,20006/240.51 miDereham Road, Norwich NR2 3TG3
£1,00007/240.51 miEade Road3
£1,20006/240.53 miHotblack Road, Norwich, NR2 4HQ3
£1,79507/240.53 miSt. Giles Street, Norwich, NR23
£1,35007/240.54 miHotblack Road, Norwich, Norfolk, NR23
£1,74506/240.54 miHotblack Road, Norwich3
£1,35006/240.54 miHotblack Road, Norwich NR2 4HQ3

Local Area Statistics

Population in NR2

25,782

Population in Norwich

366,887

Town centre distance

0.48 miles away

Nearest school

0.20 miles away

Nearest train station

1.20 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Listed for £160,000

March 7, 2025

Floor Plans

Description

  • First Floor Apartment With No Onward Chain +
  • 2/3 Bedrooms +
  • Lounge +
  • Fitted Kitchen +
  • Bathroom +
  • Separate WC +
  • Communal Heating System Included Within The Service Charge +
  • Double Glazing +
  • Communal Garden Area With Brick Built Cycle/Storage Shed +

Tucked away in a quiet and convenient location, this spacious 2/3-bedroom first floor flat offers well designed accommodation with a blend of practicality and modern touches. The property features an entrance hall with useful storage, a quality fitted kitchen, and a generous lounge/diner complete with a bespoke built-in breakfast bar. Bifold doors lead to a versatile third bedroom, which can also serve as a dining room or study. There are two further well proportioned bedrooms, a bathroom, and a separate cloakroom. The flat benefits from double glazing and a communal residents heating system, included within the annual service charges. Outside, a small communal garden area provides outdoor space, while a brick built cycle/storage shed offers additional practicality. The flat would make an excellent first time purchase or buy to let investment and is offered with No Onward Chain.

Location
This well located first floor flat in Napier Place sits just West of Norwich City centre, offering easy access to a range of local amenities. Within close proximity, you will find a great selection of shops, cafes, a pub, schooling options, and a doctors surgery, making everyday essentials conveniently accessible. The vibrant St Benedicts area, known for its independent boutiques, bars, and restaurants, is just a short walk away, while the City centre beyond provides even more shopping, dining, and entertainment options. This prime location offers both a sense of community and the convenience of City living.

Agents Note
There is a service charge of £169 pcm which includes the hot water and heating.

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?

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