For sale OFFICE

78-80 Prince Of Wales Road

Norwich, Norfolk, NR1 1NJ

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Property details

Local average

£277,000 (-99.6%)

Deprivation

Decile 4 (11,585 of 33,755)

Street crime

827 incidents within 1 mile (May 2026)

Key features

  • Car parking for two vehicles
  • Comprehensively refurbished throughout
  • Well proportioned accommodation with original features <br />
  • Low business rates<br />
  • Communal kitchen and WC facilities (newly refurbished)<br />
  • Well located between Norwich Railway Station & Norwich City Centre

Description

Car parking for two vehicles

Comprehensively refurbished throughout

Well proportioned accommodation with original features


Low business rates


REFURBISHED FIRST FLOOR OFFICE

Detailed Description

The property comprises a newly refurbished mid-terrace period office on Prince of Wales Road, with dedicated ground floor access and stairs, leading to the first-floor office accommodation.

The first-floor benefits from attractive period features, to include ceiling roses and cornice work together with original fireplaces and is undergoing a comprehensive refurbishment.

The property benefits from shared kitchen and WC facilities which have been comprehensively refurbished, together with two carparking spaces to the rear.



Location

The property is located on Prince of Wales Road, a primary route between Norwich Railway Station and Norwich City Centre.

It is a lively location with a variety of office occupiers as well as shops, bars and restaurants. Other nearby occupiers include Spencer Ward, Straightforward Recruitment, Gilson Bailey, Tesco Express and Fisher & Co.


Communal kitchen and WC facilities (newly refurbished)


Well located between Norwich Railway Station & Norwich City Centre

Listed by

BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Norwich

Reference: 169259777

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event Date Price % change
Listed for sale £1,000

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address Price Date Type
17 CATHEDRAL STREET, NORWICH, NORFOLK, NR1 1LU £215,000 31/03/2022 Other
116 PRINCE OF WALES ROAD, NORWICH, NORFOLK, NR1 1NS £7,700,000 17/12/2021 Other

Area average: £3,957,500 (2 sales)

Capital growth trend

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

5y growth -87.3%
10y growth -19.7%

House Price Index (HM Land Registry — official index, not sold-price averages): Norwich. Series: All dwelling types. As of April 2026.

1y (index) 2.4%
5y (index) 11.6%
10y (index) 29.9%

Rental Range

Estimated market rent for Norwich. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,037/mo
Realistic £1,152/mo
Optimistic £1,267/mo

Based on Local Authority from postcode lookup → Norwich.

LHA (30th percentile) floor for Central Norfolk & Norwich: Apr 2025 – Mar 2026

Location

Nearby

Nearest stations, universities and amenities (distance from property).

Type Name Distance
Shop Fettle 0.0 miles
Bus stop Prince of Wales Road 0.1 miles
Bus stop Recorder Road, Stop DB 0.1 miles
Shop Viva Aesthetics Clinic 0.1 miles
Train station Norwich 0.2 miles
University Broadcast House 0.5 miles
Hospital Norfolk and Norwich University Hospital:Emergency Department 3.6 miles
Train station Brundall Gardens 4.8 miles
University Easton College 6.1 miles
Hospital Aylsham Health Centre 11.8 miles

Street-level crime

Category Count
Violence and sexual offences 286
Anti-social behaviour 140
Shoplifting 130
Criminal damage and arson 70
Public order 60
Other theft 37
Drugs 23
Burglary 19
Other crime 17
Bicycle theft 14
Possession of weapons 10
Robbery 10
Vehicle crime 7
Theft from the person 4
Total incidents 827

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name Type Distance Ofsted
Charles Darwin Primary School Primary 0.1 miles Outstanding — 10 Sep 2019
Norwich School Other 0.2 miles (No rating)
Norwich University of the Arts Other 0.3 miles (No rating)
Notre Dame High School, Norwich Secondary 0.5 miles Good — 3 Jun 2024
The Free School Norwich Primary 0.5 miles Good — 1 Aug 2013

Rental Comparables

Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.

Title Rent Beds Distance As seen on
1 Bed Flat, St. Faiths Lane, NR1 £1,300/mo 1 0.01 miles OpenRent
2 Bed Flat, Grosvenor House, NR1 £1,375/mo 2 0.04 miles OpenRent
2 Bed Penthouse, Grosvenor House, NR1 £1,600/mo 2 0.04 miles OpenRent
4 Bed Terraced House, Cathedral St, NR1 £675/mo 4 0.07 miles OpenRent
2 Bed End Terrace, Mountergate, NR1 £1,500/mo 2 0.11 miles OpenRent
1 Bed Flat, Upper King Street, NR3 £1,200/mo 1 0.21 miles OpenRent
2 Bed Flat, Scoles Green, NR1 £1,095/mo 2 0.25 miles OpenRent
2 Bed Flat, Regency Court, NR1 £995/mo 2 0.25 miles OpenRent
1 Bed Flat, Norwich, NR3 £650/mo 1 0.3 miles OpenRent
2 Bed Semi-Detached House, Thorpe Road, NR1 £2,000/mo 2 0.31 miles OpenRent
Studio Flat, Wensum Street, NR3 £995/mo 1 0.37 miles OpenRent
1 Bed Flat, Thorpe Road, NR1 £1,000/mo 1 0.5 miles OpenRent
2 Bed Semi-Detached House, Marchaunts Place, NR1 £1,750/mo 2 0.5 miles OpenRent
2 Bed Flat, Barrack St, NR3 £1,000/mo 2 0.55 miles OpenRent
1 Bed Penthouse, Marchaunts Place, NR1 £1,350/mo 1 0.55 miles OpenRent
2 Bed Flat, Mousehold St, NR3 £700/mo 2 0.57 miles OpenRent
2 Bed Flat, Pottergate, NR2 £1,300/mo 2 0.6 miles OpenRent
1 Bed Flat, Thorpe Road, NR1 £1,000/mo 1 0.66 miles OpenRent
6 Bed Terraced House, Swift Court, NR3 £4,200/mo 6 0.68 miles OpenRent
1 Bed Flat, Southwell Road, NR1 £1,125/mo 1 0.73 miles OpenRent

Average rent: £1,341/mo (20 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 116.3%
Max investor price (0.8%) £145,375
Target investor price (1%) £116,300
Gross yield 1395.6%
Cost-to-rent ratio 0.1×
Monthly cashflow £1,018/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term
Cash-on-cash ROI 4211.4%
  • Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
  • Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
  • Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
  • Gross yield — Annual rent as % of purchase price (no costs).
  • Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
  • Cashflow — Rent minus 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).