# 2 bedroom apartment for sale (NR14 6LD)

## Property Details

| Key | Value |
|-----|-------|
| Address | 61 HOBART ROAD, NORWICH, LODDON, NORFOLK NR14 6LD |
| Price | £130,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £127,500 Jul 2024 |

## Description

**IN** **SUMMARY** **** This TOP FLOOR FLAT offers FAR REACHING VIEWS over the neighbouring playing field, whilst benefiting from MANAGEABLE SERVICE CHARGES and a WELL KEPT INTERIOR. An ideal FIRST BUY or INVESTMENT, the property is centred around a SPACIOUS SITTING/DINING ROOM with a BAY WINDOW to rear, and HALL ENTRANCE. Doors lead to the KITCHEN with room for appliances, and to an inner hall where TWO BEDROOMS can be found including the DUAL ASPECT MAIN BEDROOM, along with the RE-FITTED FAMILY BATHROOM. To the outside, PARKING can be found on road, whilst a LARGE COMMUNAL LAWNED GARDEN is to the rear. A short walk will find LOCAL SCHOOLS, the HIGH STREET for shopping and bus connections to NORWICH and LOWESTOFT. 

**SETTING** **THE** **SCENE** **** The communal entrance offers a secure entry telecom system, with on road parking in front of the building.  Access leads to the rear where the communal gardens can be found.  Heading up the stairs, a newly installed composite door takes you inside. 

**THE** **GRAND** **TOUR** **** The entrance hall is finished with laminate flooring and offers a built-in cupboard and space for coats and shoes.  A door takes you in to the sitting/dining room, an expansive room featuring a bay window which overlooks the neighbouring school playing field.  Complete with fitted carpet, there is ample room for a dining table and soft furnishings.  A door leads into the inner hall, whilst an opening takes you to the modern fitted kitchen.  With eye catching work surfaces and splash backs, an inset electric ceramic hob and built-in electric oven are included, with space for a washing machine and fridge/freezer.  Far reaching views face over the front of the development and Loddon beyond.  The inner hall is carpeted, with two bedrooms leading off, both doubles in size, and the main bedroom boasting dual aspect views of the green and leafy surrounds.  The family bathroom has been newly fitted, with a white three piece suite, thermostatically controlled twin head rainfall shower over the bath and fully tiled walls. 

**THE** **GREAT** **OUTDOORS** **** Lawned communal gardens can be found to the rear of the development. 

**OUT** **&** **ABOUT** **** Loddon is situated approximately 10 miles south east of Norwich. Offering an excellent range of local amenities which include schooling (primary, junior and secondary), dentist, doctors surgery, chemist, and library. A selection of shops including supermarket, hardware, newsagents and post office provide a range of provisions. A central car park, situated within the market place provides ample parking with good access to the amenities. Fantastic access to the Norfolk Broads can be found and pleasant countryside walks can be enjoyed. 

**FIND** **US** **** Postcode : NR14 6LD

What3Words : ///jukebox.firming.zoomed 

**VIRTUAL** **TOUR** **** View our virtual tour for a full 360 degree of the interior of the property. 

**AGENTS** **NOTE** **** The property is offered on a leasehold basis with approximately 89 years remaining. An annual service charge in the region of £350 includes the ground rent and insurance.  The property also benefits from a small lockable shed accessed on the ground floor of the building. 

## Property Photos

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## Floorplans

- ![Floorplan 1](/listings/photos/144789503/636487) - Floorplan 1

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #15433990
- **Address:** 61 Hobart Road, Loddon, NR14 6LD
- **Certificate Issued:** 16/10/2022
- **Work Completed:** 04/10/2022
- **Items:** 5 window(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 61 HOBART ROAD, LODDON, NORWICH, SOUTH NORFOLK, NORFOLK, NR14 6LD | £127,500 | 05/07/2024 | Flat |
| 61 HOBART ROAD, LODDON, NORWICH, SOUTH NORFOLK, NORFOLK, NR14 6LD | £105,000 | 10/12/2021 | Flat |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| [Same street] 19 HOBART ROAD, LODDON, NORWICH, SOUTH NORFOLK, NORFOLK, NR14 6LD | £253,000 | 03/07/2023 | Semi-detached |
| [Same street] 41 HOBART ROAD, LODDON, NORWICH, SOUTH NORFOLK, NORFOLK, NR14 6LD | £137,500 | 30/11/2022 | Flat |

**Street average:** £195,250 (2 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £132,875 (4 Flat, NR14, 2024–2026)
- **Deviation:** -2.2%

## Rental Range

*ONS Price Index of Private Rents (South Norfolk). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £876/mo
- **Realistic:** £973/mo
- **Optimistic:** £1,070/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Central Norfolk & Norwich (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £693/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Harvey Green, NR14 | £875/mo | 2 | 0.27 miles | OpenRent |
| 2 Bed End Terrace, Harvey Green, NR14 | £900/mo | 2 | 0.3 miles | OpenRent |

**Average rent: £888/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.68% (weak for cashflow)
- **Max investor price (0.8%):** £111,000
- **Target investor price (1%):** £88,800

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £888/mo).*

- **Gross yield:** 8.2%
- **Cost-to-rent:** 12.2×
- **Monthly cashflow:** £262/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 8.3%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -18.7%
- **10y growth:** -9%

## House Price Index (HM Land Registry)

*Official index for South Norfolk; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -4.4%
- **5y growth (index):** 1.4%
- **10y growth (index):** 21.6%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)