37 East Bank, Wherry Road, Norwich, NR1 1TS

UPRN:10009436720Flat/Maisonette2 bedsBuilt 2007-2011

LeaseholdCouncil Tax: Band CEPC: C (79)

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

Valuation estimateUpdated yesterday

£162,000

Estimated value

Range: £154k - £170k|Last sold: £187k (2023-07-19)

Estimate of £162k 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

£162k

£154k - £170k - High confidence

Annualised (CAGR)

-2.96%

Over the full window

Peak estimate

£215k

Jun 2022

From peak

-24.65%

Drawdown from peak

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

Growth by window

-2.99%

-10.50%

12m

-12.43%

24m

-13.83%

60m

-21.36%

Rental Market

Monthly

Estimated rent (pcm)

£900

/ month

Gross yield

7.20%

Rent ÷ asking price

Net yield

4.98%

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

-3.2%

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

£187k

2023-07-19

Investment Analysis

Buy-to-let cashflow + capital returns

25% deposit · IO

Purchase

Asking Price£150,000
SDLT standard£500
SDLT BTL surcharge (5%)£7,500
Legal, survey + broker (assumed)£2,100
RefurbishmentNot costed
Total Cost (excl. refurb)£160,100

Funding

Deposit (25%)£37,500
Mortgage (75% LTV)£112,500
Interest Rate (assumed)5.25%
Mortgage TypeInterest Only
Cash Required£47,600

Monthly Returns

Monthly Rent (estimate)£900
Mortgage Payment (IO)-£492
Management (10%)-£90
Insurance (assumed)-£40
Maintenance (assumed)-£60
Monthly Cashflow, before lease costs (not stated)+£218

Capital Returns

5yr Property Value£149,251
5yr Capital Gain (-0.10% pa, historical)-£749
5yr Cumulative Rent (net, before lease costs)+£44,576
Less mortgage interest-£29,520
5yr Total Return (before lease costs)+£14,307

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	£149,850	£37,350	+£2,616	+£2,466	5.2%
Year 2	£149,700	£37,200	+£5,424	+£5,124	10.8%
Year 3	£149,550	£37,050	+£8,428	+£7,979	16.8%
Year 4	£149,401	£36,901	+£11,633	+£11,034	23.2%
Year 5	£149,251	£36,751	+£15,056	+£14,307	30.1%

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 (£47,600).

Price Forecast

No forecast available.

Demand & Supply

Median earnings (local authority)

Signal

1,399

Population

Signal

2.8%

Households Deprived

Upside Opportunities

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