1 Morgan House, Rouen Road, Norwich, NR1 1QQ

UPRN:10009436605Flat/Maisonette2 bedsBuilt 2003-2006

LeaseholdCouncil Tax: Band BEPC: C (74)

Data freshness:Listing· freshPlanning· 4mo agoEPC· 5mo agoRisk· 2y agoAmenities· 1mo agoArea· Census 2021

Valuation estimateUpdated yesterday

£137,000

Estimated value

Range: £130k - £144k|Last sold: £150k (2024-01-05)

Estimate of £137k for this flat/maisonette. 350 sales in NR1 in the last 12 months; median £209k.

Estimate confidence

High confidence

Value History

Monthly AVM sale-value estimate

Current estimate

£137k

£130k - £144k - High confidence

Annualised (CAGR)

-4.95%

Over the full window

Peak estimate

£209k

Jun 2022

From peak

-34.45%

Drawdown from peak

AVM estimate (model)Repeat-sales index - NR1 district (quarterly)index YoY +3.57%

Growth by window

-9.27%

-9.87%

12m

-21.26%

24m

-24.73%

60m

-30.81%

Rental Market

Monthly

Estimated rent (pcm)

£750

/ month

Gross yield

7.50%

Rent ÷ asking price

Net yield

5.19%

Assumes ~31% running costs (not this property's)

Vacancy trend

12-month change

Market Metrics

6 live signals

Median Area Price

£209k

NR1 sales, last 12 months

12m Price Growth

+1.3%

NR1 median, Land Registry

Days on Market

100d

NR1 average

Sales & Yield

3 metrics

Transactions / 12m

350

NR1 sales

Area Gross Yield

7.78%

NR1 medians

Last Sold

£150k

2024-01-05

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£120,000
SDLT standard£0
SDLT BTL surcharge (5%)£6,000
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£128,100

Funding

Deposit (25%)£30,000
Mortgage (75% LTV)£90,000
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£38,100

Monthly Returns

Monthly Rent (estimate)£750
Mortgage Payment (IO)-£394
Management (10%)-£75
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£181

Capital Returns

5yr Property Value£119,401
5yr Capital Gain (-0.10% pa, historical)-£599
5yr Cumulative Rent (net, before lease costs)+£36,156
Less mortgage interest-£23,640
5yr Total Return (before lease costs)+£11,918

Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.

5-Year Projection

BTL · Interest Only

Year	Property Value	Equity	Cashflow (cumulative)	Total Return	ROI
Year 1	£119,880	£29,880	+£2,172	+£2,052	5.4%
Year 2	£119,760	£29,760	+£4,512	+£4,272	11.2%
Year 3	£119,640	£29,640	+£7,012	+£6,652	17.5%
Year 4	£119,521	£29,521	+£9,674	+£9,195	24.1%
Year 5	£119,401	£29,401	+£12,516	+£11,918	31.3%

Modelled on the live asking price. Capital growth -0.10% a year is the NR1 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£38,100).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,561

Population

Signal

5.3%

Households Deprived

Upside Opportunities

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