3 Bed Flat, Single Let, Norwich, NR4 7PH, £230,000

Sold STC

BTL

ROI: 1%

~72 m²

+5 photos

ValuationOvervalued

Sold Prices	£138K - £435K
Sold Prices/m²	£1.7K/m² - £4.3K/m²

Square Metres	~72 m²
Price/m²	£3.2K/m²
Value Estimate	£151,694£151,694

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£57,500£57,500
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£70,200£70,200

Cash Out
Rent Range	£910 - £1,800£910 - £1,800
Rent Estimate	£995
Running Costs/mo	£938£938
Cashflow/mo	£57£57
Cashflow/yr	£687£687
ROI	1%1%
Gross Yield	5%5%

Local Sold Prices

26 sold prices from £138K to £435K, average is £163.8K. £1.7K/m² to £4.3K/m², average is £2.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£435K	01/21	0.47 mi	199a, Unthank Road, Norwich, Norfolk NR2 2PQ	£4,343	100	3	Flat
£152K	03/21	0.85 mi	31b, Suffolk Square, Norwich, Norfolk NR2 2AA	-	-	3	Flat
£175K	04/23	0.85 mi	42, Suffolk Square, Norwich, Norfolk NR2 2AA	£2,273	77	3	Flat
£200K	11/22	0.93 mi	6, Pippin Green, Norwich, Norfolk NR4 7NG	£2,849	70	3	Flat
£195K	12/22	0.93 mi	3, Pippin Green, Norwich, Norfolk NR4 7NG	£2,826	69	3	Flat
£170K	12/22	0.93 mi	88, Vauxhall Street, Norwich, Norfolk NR2 2SD	£2,468	69	3	Flat
£144K	05/21	0.94 mi	5, Globe Place, Norwich, Norfolk NR2 2SG	£1,751	82	3	Flat
£140K	04/21	0.98 mi	117d, Ipswich Road, Norwich, Norfolk NR4 6LD	£1,707	82	3	Flat
£162.5K	01/23	1.04 mi	40, Walpole Gardens, Norwich, Norfolk NR2 1RU	£2,201	74	3	Flat
£142.5K	03/21	1.04 mi	18, Walpole Gardens, Norwich, Norfolk NR2 1RU	£1,750	81	3	Flat
£169.5K	11/22	1.06 mi	49, Johnson Place, Norwich, Norfolk NR2 2SA	-	-	3	Flat
£284.5K	08/23	1.11 mi	55, Chapel Field East, Norwich, Norfolk NR2 1SF	£2,610	109	3	Flat
£138K	04/21	1.23 mi	49, Golding Place, Norwich, Norfolk NR2 4BD	£1,704	81	3	Flat
£168K	02/24	1.23 mi	42, Golding Place, Norwich, Norfolk NR2 4BD	£2,000	84	3	Flat
£165K	08/21	1.24 mi	18, Cherry Close, Norwich, Norfolk NR1 3HR	£2,324	71	3	Flat
£160K	11/20	1.32 mi	63, Hall Road, Norwich, Norfolk NR1 3HL	£1,928	83	3	Flat
£160K	07/21	1.41 mi	5, Kensington Place, Norwich, Norfolk NR1 3JE	£1,975	81	3	Flat
£147K	10/23	1.41 mi	13, Kensington Place, Norwich, Norfolk NR1 3JE	-	-	3	Flat
£155K	12/20	1.43 mi	12, Langley Walk, Norwich, Norfolk NR2 4NH	£2,013	77	3	Flat
£145K	04/21	1.49 mi	9, Cardigan Place, Norwich, Norfolk NR2 4QS	£1,883	77	3	Flat
£154K	06/23	1.51 mi	61, Music House Lane, Norwich, Norfolk NR1 1QN	-	-	3	Flat
£352K	01/24	1.54 mi	120a, King Street, Norwich, Norfolk NR1 1QE	£2,839	124	3	Flat
£190K	11/21	1.58 mi	3, Water Lane, Norwich, Norfolk NR3 1DD	-	-	3	Flat
£395K	08/23	1.61 mi	18, St Michael At Pleas, Norwich, Norfolk NR3 1EP	-	-	3	Flat
£326K	04/21	1.61 mi	18, St Michael At Pleas, Norwich, Norfolk NR3 1EP	-	-	3	Flat
£157K	05/21	1.72 mi	12, Robson Road, Norwich, Norfolk NR5 8NY	£2,797	56	3	Flat

Local Rents

44 rents from £910/mo to £1.8K/mo, average is £1.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,350	06/24	0.05 mi	Uplands Court, Upton Road, Norwich, NR4 7PH	3	Flat
£1,450	06/24	0.06 mi	Upton Road, Norwich, NR4	3	Flat
£1,450	12/24	0.08 mi	-	3	Flat
£1,450	12/24	0.08 mi	-	3	Flat
£1,650	12/24	0.08 mi	-	3	Flat
£1,450	12/24	0.08 mi	-	3	Flat
£1,450	12/24	0.08 mi	-	3	Flat
£1,700	06/24	0.08 mi	Upton Road, Norwich, NR4	3	Flat
£1,450	06/24	0.09 mi	Upton Road, Norwich, NR4	3	Flat
£1,200	11/24	0.13 mi	-	3	Terraced House
£1,200	02/25	0.13 mi	-	3	Terraced House
£1,125	03/25	0.31 mi	-	3	Terraced House
£1,230	06/24	0.31 mi	Muriel Road, Norwich NR2 3NZ	3	Terraced House
£1,250	06/24	0.32 mi	The Walnuts, Norwich,	3	Terraced House
£1,250	12/24	0.34 mi	-	3	Semi-Detached House
£1,150	08/24	0.35 mi	South City	3	House
£1,400	08/24	0.35 mi	Highland Road, NORWICH	3	Terraced House
£1,350	06/24	0.44 mi	Henley Road, Norwich NR2 3NL	3	Terraced House
£1,500	06/24	0.45 mi	Jessopp Road, Norwich, Norfolk, NR2	3	Detached House
£1,600	06/24	0.46 mi	-	3	Terraced House
£1,800	06/24	0.5 mi	Brentwood, Norwich, NR4	3	Flat
£995	06/24	0.52 mi	Glebe Road, Norwich, NR2	3	Terraced House
£995	06/24	0.52 mi	Glebe Road, Norwich, NR2	3	Terraced House
£1,520	06/24	0.53 mi	Lincoln Street, Norwich NR2 3JY	4	Terraced House
£1,200	01/12	0.54 mi	Bury Street,Norwich,NR2	3	Terraced House
£910	08/24	0.54 mi	Lincoln Street, Norwich	3	Terraced House
£1,350	06/24	0.56 mi	Bury Street, Norwich NR2 2DN	3	Terraced House
£1,260	06/24	0.56 mi	Bury Street, Norwich NR2 2DN	3	Terraced House
£1,200	07/24	0.56 mi	Bury Street, Norwich, NR2	3	Terraced House
£1,600	08/24	0.56 mi	College Road, Norwich	3	Terraced House
£1,500	03/25	0.57 mi	-	3	Terraced House
£1,050	08/24	0.58 mi	South West City	3	Terraced House
£1,300	06/24	0.58 mi	Onley Street, NORWICH	3	Flat
£1,140	06/24	0.59 mi	Onley Street, Norwich NR2 2EB	3	Flat
£1,700	07/24	0.59 mi	Portland Street, Norwich, Norfolk, NR2	3	Terraced House
£1,650	07/24	0.59 mi	Portland Street, NR2 3LE	3	Terraced House
£1,450	07/24	0.59 mi	Portland Street, Norwich, NR2	3	House
£1,110	03/24	0.59 mi	Portland Street, Norwich NR2 3LF	3	Terraced House
£1,260	06/24	0.6 mi	Dover Street, Norwich NR2 3LG	3	Terraced House
£1,260	06/24	0.6 mi	Dover Street, Norwich NR2 3LQ, 3 Bed	3	Terraced House
£1,200	07/24	0.61 mi	Dover Street, Norwich	3	Terraced House
£1,200	08/24	0.61 mi	Dover Street, Norwich	3	Terraced House
£1,050	06/24	0.61 mi	Dover Street, Norwich, NR2	3	Terraced House
£1,700	07/24	0.62 mi	Portland Street, Norwich	3	House

Local Area Statistics

Population in NR4	22,33122,331
Population in Norwich	366,887366,887
Town centre distance	1.92 miles away1.92 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.81 miles away1.81 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	-15%-15%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £230,000

January 21, 2025

Floor Plans

Description

Chain free apartment +
Three double bedrooms +
Sought after residential location +
Ideal first time buy or Investment +
Close to local amenities +
Viewing advised +

abbotFox presents a chain free top floor apartment. Located within easy reach of a wealth of local amenities and affording easy access to the City Centre, A11, the University and the hospital, this home represents an ideal opportunity for any first time buyer or buy-to-let investor.

The accommodation is neatly arranged and comprises; entrance hall, lounge with private balcony, kitchen, three double bedrooms, with the principal offering a shower room, additional family shower room and separate wc. Sitting within well maintained communal grounds. this property further benefits from secure storage and allocated parking. An internal viewing comes highly recommended.

Agent Details

AbbotFox, Norwich

01603 510582

Next Steps?

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

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CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents