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Studio for sale

£75,000 Offers in region of

City Centre, Norwich NR1

1
Interested in this property? Call +44 1603 670083 * or

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Property features

  • Refurbished apartment
  • UPVC double glazing
  • Newly fitted bathroom with shower over
  • Ideal for investors
  • No onward chain

Property description

Fully renovated top floor studio apartment centrally located adjacent to Norwich Cathedral. The current owners have tastefully refurbished the property offering a new kitchen, new bathroom and repainted throughout. Ideal for both investors and owner occupiers alike the properties will be sold with no onward chain.

The centre of Norwich boasts two modern shopping malls, a bustling market place and boutique shopping in the numerous lanes and cobbled streets with the two magnificent cathedrals and dominant castle providing a wealth of history dating back to the Norman times. The property also benefits from being close to Norwich Train Station with its regular links to Cambridge and London.

Agents Note: Please note: Further works are underway within the apartment, further details can be obtained from the office. Planning permission requires this apartment to be purchased with the apartment above.

Property info

Market activity
Average price paid £218,908 Sales 476 Current average value £225,140 (Zoopla Zed-Index) Value change £7,200 ▲ 3.30%

Property value data/graphs for NR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £346,835 £274 3.5 £356,613
Semi-detached £245,095 £268 3.0 £258,406
Terraced £237,373 £248 2.9 £221,246
Flats £182,435 £286 1.8 £179,357

Current asking prices in NR1

Average: £199,595
Avg. current asking prices in NR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £129,000
(5)
£205,938
(16)
£241,849
(49)
£333,878
(9)
£500,000
(1)
Flats £136,881
(67)
£205,508
(86)
£331,667
(6)
- -
All £136,333
(72)
£205,575
(102)
£251,647
(55)
£333,878
(9)
£500,000
(1)

Current asking rents in NR1

Average: £744 pcm
Avg. current asking prices in NR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £523 pcm
(5)
£844 pcm
(4)
£787 pcm
(6)
£1,200 pcm
(1)
-
Flats £615 pcm
(42)
£854 pcm
(34)
£1,196 pcm
(2)
- -
All £605 pcm
(47)
£853 pcm
(38)
£889 pcm
(8)
£1,200 pcm
(1)
-

Fun facts for NR1

Highest value in NR1
Highest value streets Zed-Index
Wellesley Avenue South £531,036
Cotman Road £519,055
Lovelstaithe £485,927
Bracondale £462,499
Baltic Wharf £451,267
Highest turnover in NR1
Highest turnover streets Turnover
Morse Avenue 50.0%
Jubilee Terrace 46.9%
Samuel Road 45.5%
Chalk Hill Road 44.7%
Ella Road 43.8%

What Zoopla users think of Norwich

Overall rating:

  • currently 4 stars
Very good - 82% (249 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Norwich:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Norwich (0.2 miles)
  • Brundall Gardens (4.9 miles)
  • Salhouse (4.9 miles)
  • Norwich International Airport (2.9 miles)
  • London Stansted Airport (68.5 miles)
  • London Southend Airport (77.6 miles)
  • Reedham Ferry North (11.5 miles)
  • Reedham Ferry South (11.5 miles)
  • Southwold Ferry Landing (26.5 miles)

Nearby schools

View all schools in Norwich
  • Charles Darwin Primary School (0.1 miles)
  • The Free School Norwich (0.6 miles)
  • Lionwood Junior School (0.6 miles)
  • Sir Isaac Newton Sixth Form Free School (0.6 miles)
  • Norwich City College of Further and Higher Education (1.1 miles)
  • Include Schools Norfolk (1.8 miles)
  • Norwich School (0.2 miles)
  • Jane Austen College (0.5 miles)
  • Notre Dame High School, Norwich (0.6 miles)
Note: Distances are straight line measurements

Local info for Norwich

About the neighbours in NR1

AskMe Q&A for Norwich

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For more information about this property, please contact
abbotFox, NR3 on +44 1603 670083 * (local rate)

Monthly running costs Beta

£467 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,500
Repayment term 25
Interest rate 1.5
Your payment £269 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £15/mo (£177/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £17 Electricity £26 Estimated energy cost £43/mo

Similar properties could save up to £115

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5700 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Norwich

Estimated tax band A Council tax cost £114 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £10 Sewerage £16 Estimated water cost £26 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact abbotFox about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by abbotFox, and do not constitute property particulars. Please contact abbotFox for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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