2 Bed Flat, Single Let, Norwich, NR3 1UA, £150,000

Cavalry Ride, Norwich, NR3 1UA - 1 views - a month ago

Leasehold
BTL
ROI: 3%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£110K - £260K
Sold Prices/m²£1.6K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.2K/m²

Value Estimate

£159,959
BMV7%

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

£438 - £1,300

Rent Estimate

£777

Running Costs/mo

£644

Cashflow/mo

£133

Cashflow/yr

£1,594

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £110K to £260K, average is £145K. £1.6K/m² to £3.9K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£210K01/230 mi11, Cavalry Ride, Norwich, Norfolk NR3 1UA2
£160K09/230.01 mi90, Mousehold Street, Norwich, Norfolk NR3 1NX2
£110K11/200.08 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£165K02/230.08 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£131.5K08/210.15 mi6, Pockthorpe Gate, Norwich, Norfolk NR3 1TU2
£147.5K12/220.18 mi200, Mousehold Street, Norwich, Norfolk NR3 1PG2
£130K03/210.22 mi129, Lavengro Road, Norwich, Norfolk NR3 4RU2
£142K10/210.24 mi81, Cowgate, Norwich, Norfolk NR3 1TG2
£140.3K09/210.26 mi343, Gertrude Road, Norwich, Norfolk NR3 4RN2
£203K02/230.32 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£190K07/210.33 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£128K07/230.33 mi48, Magdalen Close, Norwich, Norfolk NR3 1NE2
£180K12/220.34 mi26, Blackfriars Street, Norwich, Norfolk NR3 1SF2
£137.8K10/210.36 mi99, Southalls Way, Norwich, Norfolk NR3 4SA2
£140K12/200.38 mi25, Fishergate, Norwich, Norfolk NR3 1SE2
£110K01/210.43 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£200K10/230.45 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£117K01/210.46 mi171, St Leonards Road, Norwich, Norfolk NR1 4JN2
£120K10/200.46 mi215, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.46 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£167.5K04/230.47 mi120, St Leonards Road, Norwich, Norfolk NR1 4JG2
£150K06/230.47 mi106, St Leonards Road, Norwich, Norfolk NR1 4JG2
£236.5K01/230.48 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£190K05/210.51 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£160K10/210.57 mi51, Howard Mews, Norwich, Norfolk NR3 4JU2
£133K11/230.57 mi24, The Erins, Norwich, Norfolk NR3 4JP2
£123K10/210.57 mi20, The Erins, Norwich, Norfolk NR3 4JP2
£127K02/210.57 mi27, The Erins, Norwich, Norfolk NR3 4JP2
£116.8K12/230.57 mi23, The Erins, Norwich, Norfolk NR3 4JP2
£125K03/230.57 mi14, The Erins, Norwich, Norfolk NR3 4JP2
£135K05/210.57 mi14, Howard Mews, Norwich, Norfolk NR3 4JU2
£180K10/210.59 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.59 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£195K09/230.62 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.62 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£142K08/210.63 mi24, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£112K02/210.63 mi21, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£132K02/210.63 mi9, Clare Close, Norwich, Norfolk NR3 1EL2
£145K05/230.64 mi18, Long Row, Norwich, Norfolk NR3 1EN2
£137.5K03/210.64 mi6, Long Row, Norwich, Norfolk NR3 1EN2
£150K10/230.64 mi23, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£122K10/210.66 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£115K03/210.7 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£180K12/200.72 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2
£260K11/210.72 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£150K11/230.75 mi38, Sun Lane, Norwich, Norfolk NR3 3NF2
£153K03/230.76 mi39, Black Horse Opening, Norwich, Norfolk NR3 4EP2
£145K10/230.78 mi35, Millers Lane, Norwich, Norfolk NR3 3LX2
£228K04/210.79 mi15, The Watering, Norwich, Norfolk NR3 3BF2
£162K01/210.79 mi10, The Watering, Norwich, Norfolk NR3 3BF2

Local Rents

48 rents from £438/mo to £1.3K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£90006/240.05 miSt. James Close, Norwich, Norfolk, NR32
£95006/240.06 miAnchor Street, Norwich NR32
£95007/240.12 miCannell Green,Norwich,NR3 1TT2
£1,05006/240.14 miMorley Street, Norwich2
£1,30006/240.14 miTypesetters Way, Printworks Drive, Norwich2
£1,30006/240.15 miTypsetters Way, NR3 1FJ2
£99506/240.15 miSilver Road, Norwich, Norfolk, NR32
£95008/240.16 miSilver Road, Norwich, Norfolk, NR32
£1,25012/240.18 mi-2
£1,25006/240.19 miTypesetters Way, NR32
£1,15008/240.19 miSilver Street, Norwich2
£1,15009/240.19 miSilver Street, Norwich2
£1,15006/240.2 miSilver Street, NR32
£95006/240.2 miSilver Street, Norwich, NR32
£1,30006/240.2 miSt James Quay, Norwich, NR32
£95001/250.21 mi-2
£1,10007/240.22 miWodehouse Street, Norwich, Norfolk, NR32
£87507/240.22 miWodehouse Street, Norwich, NR32
£89506/240.24 miNorth City2
£82506/240.29 miYarn Mews, Norwich2
£1,25004/250.3 mi-2
£1,05006/240.31 miWillis Street, Norwich2
£95008/240.31 miWillis Street, NORWICH2
£1,20007/240.31 miBull Close, NORWICH2
£1,10001/250.32 mi-2
£82506/240.32 miKetts Hill, Norwich, NR12
£82506/240.32 miKetts Hill, Norwich, NR12
£89503/240.33 miRomany Road, Norwich, Norfolk, NR32
£95006/240.33 miRomany Road, Norwich2
£1,20008/240.33 miSt Martin at Palace Plain2
£1,29507/240.33 mi-2
£1,29405/240.33 mi-2
£1,29404/250.33 mi-2
£1,30006/240.33 miCowgate, Norwich, NR32
£90006/240.34 miBull Close Road, NORWICH2
£1,05007/240.34 mi-2
£1,10004/250.34 mi-2
£1,05007/240.34 miSouthalls Way, Norwich, NR32
£1,05007/240.34 miSouthalls Way, Norwich, NR32
£1,05006/240.34 miPeacock Street, Norwich, Norfolk, NR32
£99504/250.35 mi-2
£43808/240.35 mi-2
£1,10008/240.36 miMarlborough Road, Norwich, Norfolk, NR32
£1,15007/240.36 miChurchill Road, Norwich2
£1,25008/240.37 miSt. Olaves Road, Norwich, NR32
£97508/240.37 miSouthalls Way, Norwich, NR32
£99506/240.37 miKnowsley Road, Norwich2
£95007/240.38 miSouthalls Way, Norwich2

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.61 miles away

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £150,000

March 22, 2025

Floor Plans

Description

  • First Floor Apartment +
  • Entrance Hall +
  • Lounge +
  • Kitchen +
  • Two Bedrooms +
  • Bathroom +
  • Permit Parking +
  • Ideal First Time Buy Or Investment Purchase +

Property Summary
* VENDOR HAS FOUND A NO CHAIN PROPERTY so be quick to view this SPACIOUS TWO BEDROOM FIRST FLOOR APARTMENT located close to Norwich city centre. The property has entrance hall, lounge, kitchen, two bedrooms, bathroom and permit parking *

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

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