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£165,000
Offers in the region of

2 bed flat for sale Russet Grove, Norwich

2 beds 1 bath Flat
Leasehold

Added on 16/09/2026

About this property

INVESTMENT OPPORTUNITY - CURRENTLY RENTED AT £1100 PCM WITH A GROSS YIELD OF 8%!!! The property offers two generously sized bedrooms which provides a comfortable living space, alongside a bright living area ideal for relaxing and entertaining. The modern kitchen is equipped with a range of integrated appliances including a fridge freezer, oven, and hob, also benefitting from pluming for a washing machine.

Key features

  • Chain Free
  • First Floor Flat
  • Two Generous Bedrooms
  • Communal Parking
  • Close to Local Amenities
  • Modernised throughout - to include new gas central heating with combined boiler installed in december 2023

Floorplan

Location

Russet Grove, Norwich, NR4 7NQ

Council tax
Band D (Approx £2,503/year)

Mortgage and stamp duty

Property price £165,000
£82k £248k
Deposit10% £17,000
£0 £165k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £148,000 mortgage. Most lenders would want a household income of about £33,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in NR4 7NQ. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
24, Russet Grove Flat / maisonetteOct 2023624 sq ft £256/sq ft£160,000
15, Russet Grove TerracedJun 2023624 sq ft £215/sq ft£134,000
11, Russet Grove Flat / maisonetteSept 2022624 sq ft £267/sq ft£167,000
28, Russet Grove Semi-detachedAug 2022624 sq ft £256/sq ft£160,000
42, Russet Grove Flat / maisonetteApr 2021624 sq ft £232/sq ft£145,000
18, Russet Grove Flat / maisonetteApr 2020624 sq ft £213/sq ft£133,000
5, Russet Grove Flat / maisonetteAug 2016635 sq ft £236/sq ft£149,995
19, Russet Grove Flat / maisonetteMar 2016624 sq ft £202/sq ft£126,200

All sales on Russet Grove → All sold prices in Norwich →

Area insights

The neighbourhood around this property.

Marketed by
William H. Brown, Unthank Road, Norwich
161 Unthank Road, Norwich, Norfolk
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