2 Bed Flat, Single Let, Norwich, NR1 3NY, £325,000

Bignold House, Surrey Street, NR1 3NY - 2 years ago

Leasehold
BTL
~68 m²
+11 photos

ValuationOvervalued

Sold Prices£46.3K - £325K
Sold Prices/m²£756/m² - £4.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£173,373

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£850 - £1,650

Rent Estimate

£931

Running Costs/mo

£1,222

Cashflow/mo

£-291

Cashflow/yr

£-3,490

Gross Yield

3%

Local Sold Prices

50 sold prices from £46.3K to £325K, average is £171.3K. £756/m² to £4.2K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£150K10/210.13 mi33, Brooke Place, Norwich, Norfolk NR1 3EX2
£310K06/210.19 mi47, Chapel Field East, Norwich, Norfolk NR2 1SF2
£185K08/230.25 miFlat 19, Morgan House, Rouen Road, Norwich, Norfolk NR1 1QQ2
£168K05/230.26 mi31, Horns Lane, Norwich, Norfolk NR1 3ER2
£260K11/210.27 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£218K11/200.3 mi5, Maltsters Yard, Norwich, Norfolk NR1 1RQ2
£190K03/230.3 mi29, Wessex Street, Norwich, Norfolk NR2 2TJ2
£92.5K12/220.3 mi17, Wessex Street, Norwich, Norfolk NR2 2TJ2
£200K01/230.3 mi7, Wessex Street, Norwich, Norfolk NR2 2TJ2
£46.3K03/210.3 mi39, Wessex Street, Norwich, Norfolk NR2 2TJ2
£158K08/230.31 mi26, Mariners Lane, Norwich, Norfolk NR1 3AF2
£147.5K10/210.31 mi42, Mariners Lane, Norwich, Norfolk NR1 3AF2
£165K10/230.33 miFlat 11, Marlborough House, Grove Road, Norwich, Norfolk NR1 3RQ2
£140K07/210.34 mi16, Gordon Square, Norwich, Norfolk NR1 3HJ2
£132.5K07/230.34 mi9, Gordon Square, Norwich, Norfolk NR1 3HJ2
£138K09/210.34 mi23, Gordon Square, Norwich, Norfolk NR1 3HJ2
£203K09/210.34 mi156, Brazen Gate, Norwich, Norfolk NR1 3SB2
£140K10/230.34 mi36, Trafalgar Street, Norwich, Norfolk NR1 3HN2
£170K11/220.35 mi18, Wessex Street, Norwich, Norfolk NR2 2SP2
£177K07/230.35 mi27, Kenneth Mckee Plain, Norwich, Norfolk NR2 2TH2
£150K03/210.36 miThe Second Floor Flat, 4, Grove Avenue, Norwich, Norfolk NR1 2QD2
£160K01/240.38 mi71, Trafalgar Street, Norwich, Norfolk NR1 3HW2
£155K11/200.39 mi24, Norfolk Street, Norwich, Norfolk NR2 2SN2
£138K01/240.41 mi91, Southwell Road, Norwich, Norfolk NR1 3HU2
£180K10/210.41 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.41 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£128K09/230.41 mi24, Johnson Place, Norwich, Norfolk NR2 2SA2
£162K04/230.42 mi14, Southwell Road, Norwich, Norfolk NR1 3HS2
£181K03/210.44 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£181K03/210.44 miFlat 6, Colman House, Pottergate, Norwich, Norfolk NR2 1DY2
£270K10/200.47 miApartment 101, Cannon Wharf, King Street, Norwich, Norfolk NR1 2FG2
£147.5K05/210.47 mi21, Milton Close, Norwich, Norfolk NR1 3HX2
£180K01/210.47 mi4, Three King Lane, Norwich, Norfolk NR2 1TX2
£150K07/230.48 mi17, Watlings Court, Norwich, Norfolk NR2 1HA2
£180K07/230.48 mi16, Watlings Court, Norwich, Norfolk NR2 1HA2
£162K01/230.48 mi3, Milton Close, Norwich, Norfolk NR1 3HX2
£165K09/230.48 miFlat 1, Maude Gray Court, St Benedicts Street, Norwich, Norfolk NR2 4PA2
£195K09/230.49 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.49 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£180K05/230.49 mi7, Lady Mary Road, Norwich, Norfolk NR1 2QZ2
£150K12/230.5 mi27, Wherry Road, Norwich, Norfolk NR1 1WS2
£140K01/210.5 mi13, Wherry Road, Norwich, Norfolk NR1 1WS2
£173.5K03/230.5 mi2, Wherry Road, Norwich, Norfolk NR1 1WS2
£325K01/230.5 miFlat 34, Bridgemaster Court, Wherry Road, Norwich, Norfolk NR1 1XG2
£160K05/230.5 mi15, Abbey Court, Norwich, Norfolk NR1 2AW2
£207K01/210.51 mi91, Wellington Lane, Norwich, Norfolk NR2 1HJ2
£199.9K12/200.51 mi8, Woburn Street, Norwich, Norfolk NR2 2RQ2
£200K10/230.51 miFlat 18, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£205K11/230.51 miFlat 35, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2
£215K03/230.51 miFlat 3, Royal Arch Court, Earlham Road, Norwich, Norfolk NR2 3RU2

Local Rents

51 rents from £850/mo to £1.6K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,55012/240.06 mi-2
£1,60003/240.1 miWestlegate, Norwich2
£1,35006/240.11 miSurrey Street, NORWICH2
£1,30012/240.11 miSurrey Street, NORWICH2
£1,25012/240.12 miSurrey Street, Norwich2
£1,35006/240.12 miSentinel House, Norwich, NR12
£1,20012/240.12 miSentinel House, Surrey Street, Norwich2
£1,35002/240.12 mi-2
£1,35006/240.12 mi-2
£1,30012/240.12 mi-2
£1,35012/240.12 mi-2
£1,35012/240.12 mi-2
£1,27512/240.12 mi-2
£1,00006/240.12 mi2 bedroom property in Surrey Street, Norwich2
£1,25012/240.12 miSentinel House, Norwich, NR12
£1,00006/240.12 miSurrey Street, NORWICH2
£1,10006/240.12 miSurrey Street, NORWICH2
£1,10006/240.12 mi2 bedroom property in Surrey Street, Norwich2
£1,00006/240.12 miSentinel House, Surrey Street, NORWICH2
£1,35006/240.12 miSurrey Street, Norwich, Norfolk, NR12
£1,10006/240.12 miSurrey Street, Norwich2
£1,30012/240.12 miNorwich, NR12
£95006/240.15 miEmms Court, Norwich2
£1,35006/240.16 miSurrey Street, Norwich2
£1,40002/250.17 mi-2
£1,15012/240.17 miNeedham Place, Norwich2
£1,10012/240.19 miChapelfield Gardens, Norwich2
£1,20006/240.2 miNeedham Place, Norwich2
£1,17512/240.21 miChapelfield Gardens, Norwich, 2
£1,25006/240.22 miSt Peters House, Cattlemarket Street, Norwich2
£95006/240.23 miRouen Road, Norwich, Norfolk, NR12
£95006/240.23 miRouen Road, Norwich, Norfolk, NR12
£1,25012/240.23 miCattle Market Street, NORWICH2
£1,20012/240.23 mi23 Cattle Market Street, NORWICH2
£97506/240.23 miKingsley Road, Norwich2
£1,20012/240.24 miAshby Street, NORWICH2
£1,40003/240.24 miCastle Meadow, Norwich, NR22
£1,50006/240.25 miShibleys Court, Norwich, Norfolk2
£97512/240.25 miRegina Road, NR1 3QZ2
£1,40006/240.25 miCastle House, Castle Meadow2
£1,05006/240.26 miScoles Green, Norwich2
£85003/240.27 miWood Street, Norwich, Norfolk, NR12
£1,20006/240.28 miCity Centre, NR12
£1,45012/240.28 mi-2
£1,20011/240.29 mi-2
£1,15001/250.3 mi-2
£1,65012/240.3 miCastle Meadow, Norwich2
£92506/240.31 miThe Pavilion, St. Stephens Road, Norwich, Norfolk, NR12
£1,20012/240.31 miDrays Yard, NORWICH2
£1,15006/240.31 miSt Stephens Road, NORWICH2
£95006/240.31 miThe Pavilion, St Stephens Road, Norwich, NR12

Local Area Statistics

Population in NR1

24,540

Population in Norwich

366,887

Town centre distance

1.06 miles away

Nearest school

0.20 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+39%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £325,000

December 11, 2024

Listed for £350,000

June 13, 2023

Floor Plans

Description

  • Two Bedrooms +
  • Ground floor apartment +
  • Set within the historical building of Bignold House +
  • Bespoke brand new kitchen and bathroom +
  • Set within the heart of the city centre +
  • TV intercom system +
  • Gas Central heating & Conservation Secondary Double Glazing +
  • Noi onward chain +

Apartment 1 has two bedrooms, one shower room, lounge/diner and a fully fitted kitchen situated on the ground floor with dual aspect windows.

Rental income : £1100 to £1200 per calendar month.

Set in the heart of East Anglia, the historic city of Norwich has everything you would desire of a vibrant regional capital and has a real sense of history preserved. You will find a modern cultural feel with beautiful heritage, dynamic nightlife, sophisticated shopping and mouth-watering restaurants. Chantry Place Shopping Centre offers high end shopping, whilst the Norwich Lanes won the great British high street of the year with its many independent and unique businesses. Norwich is the most complete medieval city in Britain and boasts two cathedrals as well as the castle with stunning architecture. There are also a number of sought after schools and colleges.

All properties are currently under conversion and will have a contemporary, bright feel about them. Mixing modern city living with the beautiful architecture of the original building.

Standard
Silver

Entrance Hall - 8'0" (2.44m) x 6'0" (1.83m)
TV intercom system.

Lounge/Diner - 17'6" (5.33m) x 17'2" (5.23m)
Three double glazed window to the front, double glazed window to the side.

Kitchen - 16'6" (5.03m) x 7'2" (2.18m)
Double glazed window to the side, fitted kitchen, sink unit, integrated fridge/freezer, washer dryer dishwasher and oven, hob and extractor fan, white mirror Quartz work tops.

Bedroom 1 - 12'10" (3.91m) x 9'6" (2.9m)
Two double glazed windows to the side.

Bedroom 2 - 10'11" (3.33m) x 8'7" (2.62m)
Double glazed window to the front.

Shower Room - 9'11" (3.02m) x 4'7" (1.4m)
Low level WC, shower cubicle, wash hand basin with vanity unit and mixer tap, part tiled wall, tiled flooring.

what3words /// minds.suffice.salt

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?

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