2 Bed Flat, Single Let, Norwich, NR5 8NQ, £170,000

Wilberforce Road, Norwich, NR5 8NQ - 23 days ago

Leasehold
BTL
ROI: 4%
~68 m²
+9 photos

ValuationFair Value

Sold Prices£77.5K - £176K
Sold Prices/m²£1.2K/m² - £3.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.5K/m²

Value Estimate

£170,348

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£9,700

Total Cash In

£52,200

 

 

Cash Out

 

Rent Range

£850 - £1,200

Rent Estimate

£895

Running Costs/mo

£730

Cashflow/mo

£165

Cashflow/yr

£1,977

ROI

4%

Gross Yield

6%

Local Sold Prices

29 sold prices from £77.5K to £176K, average is £152K. £1.2K/m² to £3.8K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£156K11/230.16 mi12, Brereton Close, Norwich, Norfolk NR5 8LX2
£165K11/230.17 mi2, Bevan Close, Norwich, Norfolk NR5 8NX2
£165K02/230.17 mi4, Bevan Close, Norwich, Norfolk NR5 8NX2
£165K11/230.2 mi14, Rolleston Close, Norwich, Norfolk NR5 8RH2
£160K07/210.2 mi20, Robson Road, Norwich, Norfolk NR5 8NY2
£175K04/220.24 mi63, Freshfield Close, Norwich, Norfolk NR5 8RA2
£147K03/230.39 mi12, Skoner Road, Norwich, Norfolk NR5 9AX2
£156K03/220.39 mi11, Skoner Road, Norwich, Norfolk NR5 9AX2
£120K04/210.42 mi37, Earlham West Centre, Norwich, Norfolk NR5 8AD2
£121.5K08/210.46 mi34, Joe Ellis Court, Norwich, Norfolk NR5 9BU2
£118K03/240.47 mi21, Tunstall Close, Norwich, Norfolk NR5 9BB2
£150K12/220.63 mi32, Tolye Road, Norwich, Norfolk NR5 9PR2
£153K09/230.68 mi87, Woodhill Rise, Norwich, Norfolk NR5 0DW2
£105K04/210.68 mi3, Gentry Place, Norwich, Norfolk NR5 8XX2
£125K03/220.69 mi103, Knowland Grove, Norwich, Norfolk NR5 8YD2
£121K07/210.72 mi101, Knowland Grove, Norwich, Norfolk NR5 8YD2
£135K02/210.78 mi57, Hellesdon Close, Norwich, Norfolk NR6 5EF2
£132K12/210.82 mi22, Harsnett Close, Norwich, Norfolk NR5 9LN2
£176K05/240.84 mi32, Whistlefish Court, Norwich, Norfolk NR5 8QR2
£137.5K05/220.84 mi479, Dereham Road, Norwich, Norfolk NR5 8QH2
£155K07/210.84 mi72, Whistlefish Court, Norwich, Norfolk NR5 8QR2
£152K03/210.87 mi100, Whistlefish Court, Norwich, Norfolk NR5 8QS2
£80K01/210.87 mi89, Whistlefish Court, Norwich, Norfolk NR5 8QS2
£77.5K03/210.87 mi91, Whistlefish Court, Norwich, Norfolk NR5 8QS2
£156K07/220.89 mi102, Whistlefish Court, Norwich, Norfolk NR5 8QS2
£145K04/210.93 mi42, Russet Grove, Norwich, Norfolk NR4 7NQ2
£160K10/230.93 mi24, Russet Grove, Norwich, Norfolk NR4 7NQ2
£167K09/220.93 mi11, Russet Grove, Norwich, Norfolk NR4 7NQ2
£170.5K08/220.97 mi37, Pippin Green, Norwich, Norfolk NR4 7NG2

Local Rents

18 rents from £850/mo to £1.2K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£98012/240.03 mi-2
£90003/250.06 mi-2
£95003/240.1 miRobson Road, Norwich NR52
£1,15012/240.22 miFreshfield Close, Norwich2
£95006/240.29 miBridge Farm Lane, Norwich (5 Minute Walk to UEA)2
£95006/240.32 mi-2
£1,15006/240.32 miRockingham Road, Norwich, NR52
£90003/240.34 miRockingham Road, Norwich, NR52
£85006/240.39 miCotterall Court, West City2
£1,00002/250.39 mi-2
£89506/240.4 miBrampton Court, Norwich, NR52
£92506/240.42 miLushington Close, Norwich2
£89506/240.43 miWaldegrave Road, Norwich2
£1,20006/240.49 miPollywiggle Close, NR5 9PG2
£1,20012/240.54 mi-2
£88506/240.55 miHorn Pie Road, Norwich, Norfolk, NR52
£99506/240.58 miSwafield Street, Norwich, Norfolk, NR52
£95006/240.61 miHarry Barber Close, NORWICH2

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

2.58 miles away

Nearest school

0.40 miles away

Nearest train station

3.21 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

-7%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £170,000

March 12, 2025

Floor Plans

Description

  • Ground Floor Flat +
  • No Chain +
  • Affordable Leasehold Charges +
  • Dual Aspect Sitting/Dining Room +
  • Fitted Kitchen With Integrated Appliances +
  • Two Double Bedrooms +
  • Private Rear Garden With External Storage +
  • Close To UEA - Ideal Student Let +

IN SUMMARY
NO CHAIN. Situated just a short walk from the UEA this GROUND FLOOR FLAT would make the ideal FIRST TIME BUY or INVESTMENT PURCHASE with AFFORDABLE YEARLY CHARGES. A DUAL ASPECT sitting/dining room comes off from the central hallway with a walk-in shower room sat opposite. Further down the hall is a fully fitted kitchen with INTEGRATED APPLIANCES while TWO DOUBLE BEDROOMS sit at the very end of the hallway. Externally, the property benefits from a PRIVATE REAR GARDEN and external brick storage. With all uPVC DOUBLE GLAZED WINDOWS and GAS CENTRAL HEATING, the property is in good condition where minimal updating is required.

SETTING THE SCENE
The property is set back from the street with a lawn frontage giving way to a concrete walkway taking you towards the front door, found gently up some steps with the garden just beyond, accessed through swinging iron gates.

THE GRAND TOUR
Entering into the property you are first met with the central hallway laid with wooden effect flooring underfoot giving you access to all living accommodation within the property and handy storage space immediately to your left. To the right is the main living space coming in the form of a 13’ sitting/dining room, incredibly well lit courtesy of its dual facing aspect of uPVC double glazed windows. The same wooden effect flooring runs underfoot and leaves space for a sitting room suite and dining table. On the adjacent side of the hallway you will immediately find yourself within the shower room, complete with all non slip flooring underfoot and a fully tiled surround. The room gives way to vanity storage and a wall mounted towel rail, with walk in shower and rainfall shower head. Sitting just next door is the bright and airy kitchen, complete with a mixture of wall and base mounted storage units set around squared edge work surfaces, with tiled splashbacks giving way to integrated appliances. These include an eye level oven, four ring gas burner hob with extraction above whilst still leaving room for freestanding appliances such as a fridge, freezer and plumbing for a washing machine. The two bedrooms are found at the very end of the hallway, with the smaller double bedroom coming to your left with the same wooden effect flooring underfoot and generous floor space conducive to a double bed and additional soft furnishings with views out into the rear garden. The largest of the bedrooms comes just past a storage cupboard in the hallway with a front facing aspect and built in wardrobes. Wooden effect flooring adorns the floor which leaves more than enough room for a double bed and additional soft furnishings.

FIND US
Postcode: NH5 8NQ
What3Words:///risky.poems.force

VIRTUAL TOUR
View our virtual tour for a full 360 degree of the interior of the property.

AGENTS NOTES
The property is offered on a leasehold basis where there are currently 100 years remaining on the lease. A service charge of approximately £313 per year and ground rent of £10 per year are payable.

EPC Rating: C

Agent Details

Starkings & Watson, Costessey

01603 336446

Next Steps?

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