2 Bed Flat, Single Let, Norwich, NR3 1PE, £130,000

25 St. James Close, Norwich, NR3 1PE - 5 views - 7 months ago

Sold STC
Leasehold
BTL
ROI: 6%
58 m²
+4 photos

ValuationUndervalued

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

 

 

Square Metres

58.13 m²
Price/m²£2.2K/m²

Value Estimate

£141,834
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£5,100

Total Cash In

£37,600

 

 

Cash Out

 

Rent Range

£438 - £1,300

Rent Estimate

£759

Running Costs/mo

£578

Cashflow/mo

£181

Cashflow/yr

£2,171

ROI

6%

Gross Yield

7%

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 
£110K11/200.03 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£165K02/230.03 mi100, St James Close, Norwich, Norfolk NR3 1PE2
£160K09/230.05 mi90, Mousehold Street, Norwich, Norfolk NR3 1NX2
£210K01/230.05 mi11, Cavalry Ride, Norwich, Norfolk NR3 1UA2
£131.5K08/210.1 mi6, Pockthorpe Gate, Norwich, Norfolk NR3 1TU2
£147.5K12/220.13 mi200, Mousehold Street, Norwich, Norfolk NR3 1PG2
£130K03/210.19 mi129, Lavengro Road, Norwich, Norfolk NR3 4RU2
£140.3K09/210.27 mi343, Gertrude Road, Norwich, Norfolk NR3 4RN2
£142K10/210.3 mi81, Cowgate, Norwich, Norfolk NR3 1TG2
£203K02/230.37 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£190K07/210.37 mi18, St Edmunds Wharf, Norwich, Norfolk NR3 1GU2
£137.8K10/210.37 mi99, Southalls Way, Norwich, Norfolk NR3 4SA2
£128K07/230.39 mi48, Magdalen Close, Norwich, Norfolk NR3 1NE2
£110K01/210.39 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£180K12/220.39 mi26, Blackfriars Street, Norwich, Norfolk NR3 1SF2
£117K01/210.41 mi171, St Leonards Road, Norwich, Norfolk NR1 4JN2
£120K10/200.41 mi215, St Leonards Road, Norwich, Norfolk NR1 4JN2
£110K01/210.41 mi133, St Leonards Road, Norwich, Norfolk NR1 4JN2
£140K12/200.42 mi25, Fishergate, Norwich, Norfolk NR3 1SE2
£167.5K04/230.43 mi120, St Leonards Road, Norwich, Norfolk NR1 4JG2
£150K06/230.43 mi106, St Leonards Road, Norwich, Norfolk NR1 4JG2
£190K05/210.49 mi108, Bertram Way, Norwich, Norfolk NR1 1FD2
£200K10/230.49 mi23a, Wensum Street, Norwich, Norfolk NR3 1LA2
£236.5K01/230.52 mi10, Roaches Court, Norwich, Norfolk NR3 1HJ2
£160K10/210.59 mi51, Howard Mews, Norwich, Norfolk NR3 4JU2
£133K11/230.6 mi24, The Erins, Norwich, Norfolk NR3 4JP2
£123K10/210.6 mi20, The Erins, Norwich, Norfolk NR3 4JP2
£127K02/210.6 mi27, The Erins, Norwich, Norfolk NR3 4JP2
£116.8K12/230.6 mi23, The Erins, Norwich, Norfolk NR3 4JP2
£125K03/230.6 mi14, The Erins, Norwich, Norfolk NR3 4JP2
£135K05/210.6 mi14, Howard Mews, Norwich, Norfolk NR3 4JU2
£180K10/210.61 mi4, Maidstone Road, Norwich, Norfolk NR1 1EA2
£172.5K11/230.61 mi49, Maidstone Road, Norwich, Norfolk NR1 1EA2
£122K10/210.64 mi105, Rosary Road, Norwich, Norfolk NR1 4BX2
£195K09/230.66 miFlat 44, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£182K09/210.66 miFlat 33, Dukes Palace Wharf, Duke Street, Norwich, Norfolk NR3 3AT2
£132K02/210.67 mi9, Clare Close, Norwich, Norfolk NR3 1EL2
£115K03/210.68 mi4, Hill House Road, Norwich, Norfolk NR1 4BW2
£145K05/230.68 mi18, Long Row, Norwich, Norfolk NR3 1EN2
£137.5K03/210.68 mi6, Long Row, Norwich, Norfolk NR3 1EN2
£142K08/210.69 mi24, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£112K02/210.69 mi21, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£150K10/230.69 mi23, St Augustines Gate, Norwich, Norfolk NR3 3BE2
£260K11/210.74 mi17, St Martin At Bale Court, Norwich, Norfolk NR1 3DZ2
£153K03/230.76 mi39, Black Horse Opening, Norwich, Norfolk NR3 4EP2
£180K12/200.77 mi18, Unicorn Yard, Norwich, Norfolk NR3 3AL2
£170K09/230.78 mi30, Woodrow Place, Norwich, Norfolk NR1 4PF2
£257.5K05/210.79 mi8, Gerald Close, Norwich, Norfolk NR1 4NE2
£150K11/230.79 mi38, Sun Lane, Norwich, Norfolk NR3 3NF2
£145K10/230.82 mi35, Millers Lane, Norwich, Norfolk NR3 3LX2

Local Rents

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

RentDateDistanceAddressBeds 
£90006/240.01 miSt. James Close, Norwich, Norfolk, NR32
£95006/240.08 miAnchor Street, Norwich NR32
£95007/240.08 miCannell Green,Norwich,NR3 1TT2
£1,05006/240.18 miMorley Street, Norwich2
£1,30006/240.19 miTypesetters Way, Printworks Drive, Norwich2
£1,30006/240.19 miTypsetters Way, NR3 1FJ2
£95008/240.2 miSilver Road, Norwich, Norfolk, NR32
£99506/240.2 miSilver Road, Norwich, Norfolk, NR32
£1,25012/240.22 mi-2
£1,25006/240.24 miTypesetters Way, NR32
£1,15008/240.25 miSilver Street, Norwich2
£1,15009/240.25 miSilver Street, Norwich2
£95001/250.25 mi-2
£1,15006/240.25 miSilver Street, NR32
£95006/240.25 miSilver Street, Norwich, NR32
£1,30006/240.26 miSt James Quay, Norwich, NR32
£1,10007/240.27 miWodehouse Street, Norwich, Norfolk, NR32
£87507/240.27 miWodehouse Street, Norwich, NR32
£89506/240.27 miNorth City2
£82506/240.29 miKetts Hill, Norwich, NR12
£82506/240.29 miKetts Hill, Norwich, NR12
£1,25003/250.33 mi-2
£89503/240.34 miRomany Road, Norwich, Norfolk, NR32
£95006/240.34 miRomany Road, Norwich2
£1,05007/240.34 mi-2
£1,20004/250.34 mi-2
£1,05007/240.34 miSouthalls Way, Norwich, NR32
£1,05007/240.34 miSouthalls Way, Norwich, NR32
£82506/240.34 miYarn Mews, Norwich2
£1,10001/250.35 mi-2
£43808/240.35 mi-2
£1,05006/240.36 miWillis Street, Norwich2
£95008/240.36 miWillis Street, NORWICH2
£1,20008/240.36 miSt Martin at Palace Plain2
£1,20007/240.36 miBull Close, NORWICH2
£97508/240.38 miSouthalls Way, Norwich, NR32
£95007/240.38 miSouthalls Way, Norwich2
£1,29507/240.38 mi-2
£1,29405/240.38 mi-2
£1,29404/250.38 mi-2
£1,30006/240.38 miCowgate, Norwich, NR32
£1,25003/250.38 mi-2
£90006/240.39 miBull Close Road, NORWICH2
£1,05006/240.39 miPeacock Street, Norwich, Norfolk, NR32
£99504/250.39 mi-2
£1,15007/240.39 miChurchill Road, Norwich2
£95006/240.4 miCrome Road, Norwich, NR32
£1,25008/240.4 miSt. Olaves Road, Norwich, NR32
£1,10008/240.41 miMarlborough Road, Norwich, Norfolk, NR32

Local Area Statistics

Population in NR3

32,672

Population in Norwich

366,887

Town centre distance

0.66 miles away

Nearest school

0.30 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+16%

Sales demand

Seller's market

Capital growth (5yrs)

+28%

Property History

Listed for £130,000

August 30, 2024

Sold for £74,000

2003

Sold for £66,995

2002

Floor Plans

Description

  • NO ONWARD CHAIN +
  • FIRST FLOOR FLAT +
  • TWO BEDROOMS +
  • WALKING DISTANCE TO CITY +
  • IDEAL FIRST TIME BUY +
  • GUIDE PRICE £130,000 TO £140,000 +

GUIDE PRICE £130,000 TO £140,000 VACANT AND READY TO MOVE INTO WITHIN WALKING DISTANCE TO THE CITY CENTRE WITH NO ONWARD CHAIN** Gilson Bailey are delighted to offer this TWO BEDROOM, FIRST FLOOR FLAT situated to the north of Norwich right on the edge of the City Centre. Accommodation comprising secure intercom entry, private entrance hall, lounge/diner, kitchen, TWO BEDROOMS and a bathroom. Outside there are communal gardens and residents permit parking available. The flat benefits from double glazing, gas heating and is OFFERED WITH NO ONWARD CHAIN. The property would make an excellent first time purchase or buy-to-let investment so be quick to book a viewing.

Location - St James Close is situated close by to many local amenities including schooling, popular local shops, pubs, restaurants and supermarkets. You are within walking distance of the City centre, Norwich train station, riverside walks and Mousehold Heath with ease of access to the Norwich Ring Road, NDR and A47 southern bypass.

Accommodation Comprises - Secure intercom entry with stairs to first floor. Front door to:

Entrance Hall - Doors to lounge/diner and kitchen.

Lounge/Diner - 5.75 x 3.10 (18'10" x 10'2") - Two double glazed windows, radiator.

Kitchen - 3.43 x 2.62 (11'3" x 8'7") - Fitted wall and base units with worktops over, sink and drainer, space for cooker, fridge and washing machine, double glazed window, radiator, storage cupboard.

Bedroom One - 3.47 x 3.10 (11'4" x 10'2") - Double glazed window, radiator, built in wardrobe.

Bedroom Two - 2.87 x 2.67 (9'4" x 8'9") - Double glazed window, radiator, built in wardrobe.

Bathroom - 2.12 x 1.66 (6'11" x 5'5") - Panelled bath with shower over, low level WC, hand wash basin, radiator, frosted double glazed window.

Outside - Communal gardens, storage shed and residents permit parking.

Local Authority - Norwich City Council, Tax Band A.

Tenure - Leasehold – 125 years from 22 November 1982. Please note service/maintenance charges are £522.86 per annum and ground rent is £10 per annum. For further information, please contact the office.

Utilities - Superfast fibre broadband available.
Mains water and electric.

Agent Details

Gilson Bailey, Norwich

01603 361812

Next Steps?

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