{"slug":"1edb68f","reference":"169259777","property":{"agentBranchId":189281,"agentBranchName":"BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Norwich","agentCompanyName":"BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Norwich","shortDescription":"REFURBISHED FIRST FLOOR OFFICE","listingUpdateReason":null,"isCommercial":true,"propertySubType":"OFFICE","propertyTypeDisplay":"OFFICE","bedrooms":null,"bathrooms":null,"addedDate":null,"soldSTC":false,"latitude":52.628826,"longitude":1.303761,"primaryPrice":"1000","price":1000,"displayPriceQualifier":"none","postcode":"NR1 1NJ","displayAddress":"78-80 Prince Of Wales Road, Norwich, Norfolk, NR1 1NJ","encId":null,"councilTaxBand":null,"brochure":null,"description":"Car parking for two vehicles\n\nComprehensively refurbished throughout\n\nWell proportioned accommodation with original features \n\n\nLow business rates\n\n\nREFURBISHED FIRST FLOOR OFFICE \n\n**Detailed Description**\n\nThe 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.\n\nThe first-floor benefits from attractive period features, to include ceiling roses and cornice work together with original fireplaces and is undergoing a comprehensive refurbishment. \n\nThe property benefits from shared kitchen and WC facilities which have been comprehensively refurbished, together with two carparking spaces to the rear.\n\n\n\n**Location**\n\nThe property is located on Prince of Wales Road, a primary route between Norwich Railway Station and Norwich City Centre.\n\nIt 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.\n\n\nCommunal kitchen and WC facilities (newly refurbished)\n\n\nWell located between Norwich Railway Station & Norwich City Centre","floorplans":[],"epcGraphs":[],"tenure":null,"keyFeatures":["Car parking for two vehicles","Comprehensively refurbished throughout","Well proportioned accommodation with original features
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together with original fireplaces and is undergoing a comprehensive refurbishment. \n\nThe property benefits from shared kitchen and WC facilities which have been comprehensively refurbished, together with two carparking spaces to the rear.\n\n**Location**\n\nThe property is located on Prince of Wales Road, a primary route between Norwich Railway Station and Norwich City Centre.\n\nIt 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.\n\nCommunal kitchen and WC facilities (newly refurbished)\n\nWell located between Norwich Railway Station & Norwich City Centre\n\n## Property Photos\n\n-  - Photo 8\n-  - Photo 13\n-  - Photo 16\n-  - Photo 10\n-  - Photo 11\n-  - Photo 9\n-  - Photo 12\n-  - Photo 14\n-  - Photo 15\n-  - Photo 8\n-  - Photo 13\n-  - Photo 16\n-  - Photo 10\n-  - Photo 11\n-  - Photo 9\n-  - Photo 12\n-  - Photo 14\n-  - Photo 15\n\n## Sold Comparables\n\n*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*\n\n| Address | Price | Date | Type |\n|---------|-------|------|------|\n| 17 CATHEDRAL STREET, NORWICH, NORFOLK, NR1 1LU | \u00a3215,000 | 31\/03\/2022 | Other |\n| 116 PRINCE OF WALES ROAD, NORWICH, NORFOLK, NR1 1NS | \u00a37,700,000 | 17\/12\/2021 | Other |\n\n**Area average:** \u00a33,957,500 (2 sales)\n\n## Price vs local average\n\n*Outcode + property type (HousePrices, last 2 years).*\n\n- **Local average:** \u00a3277,000 (3 Other, NR1, 2024\u20132026)\n- **Deviation:** -99.6%\n\n## Rental Range\n\n*ONS Price Index of Private Rents (Norwich). Low \/ Realistic \/ Optimistic = conservative \/ average \/ best case.*\n\n- **Low:** \u00a31,037\/mo\n- **Realistic:** \u00a31,152\/mo\n- **Optimistic:** \u00a31,267\/mo\n\n## LHA (Local Housing Allowance)\n\n*VOA 30th percentile rent floor for Central Norfolk & Norwich (Apr 2025 \u2013 Mar 2026).*\n\n## Rental Comparables\n\n*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary \u2014 use the Beds column to compare like-for-like lets. Student lets are excluded.*\n\n| Title | Rent | Beds | Distance | As seen on |\n|------|------|------|------|------|\n| 1 Bed Flat, St. Faiths Lane, NR1 | \u00a31,300\/mo | 1 | 0.01 miles | OpenRent |\n| 4 Bed Terraced House, Cathedral St, NR1 | \u00a3675\/mo | 4 | 0.07 miles | OpenRent |\n| 2 Bed End Terrace, Mountergate, NR1 | \u00a31,500\/mo | 2 | 0.11 miles | OpenRent |\n| 1 Bed Flat, Upper King Street, NR3 | \u00a31,200\/mo | 1 | 0.21 miles | OpenRent |\n| 2 Bed Flat, Scoles Green, NR1 | \u00a31,095\/mo | 2 | 0.25 miles | OpenRent |\n| 2 Bed Flat, Regency Court, NR1 | \u00a3995\/mo | 2 | 0.25 miles | OpenRent |\n| Studio Flat, Wensum Street, NR3 | \u00a3995\/mo | 1 | 0.37 miles | OpenRent |\n| 2 Bed Flat, Barrack St, NR3 | \u00a31,000\/mo | 2 | 0.55 miles | OpenRent |\n| 2 Bed Flat, Mousehold St, NR3 | \u00a3700\/mo | 2 | 0.57 miles | OpenRent |\n| 3 Bed Semi-Detached House, Damocles Court, NR2 | \u00a31,695\/mo | 3 | 0.73 miles | OpenRent |\n\n**Average rent: \u00a31,116\/mo (10 listings)**\n\n## 1% Rule\n\n- **Rent ratio:** 104.8% (strong)\n- **Max investor price (0.8%):** \u00a3131,000\n- **Target investor price (1%):** \u00a3104,800\n\n*Monthly rent \u00f7 price. 1%+ = strong, 0.8\u20131% = okay, <0.8% = weak. Max investor price = rent \u00f7 0.8% (Stoke-style target). Target investor price = rent \u00f7 1% (strong cashflow band). Based on OpenRent comparables.*\n\n## Rent-driven metrics\n\n*Based on OpenRent comparables (median \u00a31,048\/mo).*\n\n- **Gross yield:** 1257.6%\n- **Cost-to-rent:** 0.1\u00d7\n- **Monthly cashflow:** \u00a3914\/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)\n- **Cash-on-cash ROI:** 3783.2%\n\n*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price \u00f7 annual rent (from OpenRent comparables); under 14\u00d7 = strong, 14\u201316\u00d7 = acceptable, 17\u00d7+ = compressed. Cashflow = rent \u2212 mortgage \u2212 10% maintenance \u2212 \u00a325\/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit \u00f7 cash in (deposit + 4% purchase costs).*\n\n## Capital growth trend\n\n*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*\n\n- **5y growth:** -87.3%\n- **10y growth:** -19.7%\n\n## House Price Index (HM Land Registry)\n\n*Official index for Norwich; All dwelling types series; as of April 2026.*\n\n- **1y growth (index):** 2.4%\n- **5y growth (index):** 11.6%\n- **10y growth (index):** 29.9%\n\n## Flood risk\n\n- **Zone:** 1\n- **Risk:** Low\n- **Source:** Job (default Low)\n\n[Check long-term flood risk (GOV.UK)](https:\/\/check-long-term-flood-risk.service.gov.uk\/postcode)\n","energy_certificate":null,"fensa_certificates_count":0,"page_data":{"listing":{"id":48157,"reference":"169259777","slug":"1edb68f","slug_hash":"1edb68f19b3c9f74689aaf3db8006d794519ee4f","portal":"rightmove","channel":"COM_LET","meta":{"agentBranchId":189281,"agentBranchName":"BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Norwich","agentCompanyName":"BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Norwich","shortDescription":"REFURBISHED FIRST FLOOR OFFICE","listingUpdateReason":null,"isCommercial":true,"propertySubType":"OFFICE","propertyTypeDisplay":"OFFICE","bedrooms":null,"bathrooms":null,"addedDate":null,"soldSTC":false,"latitude":52.628826,"longitude":1.303761,"primaryPrice":"1000","price":1000,"displayPriceQualifier":"none","postcode":"NR1 1NJ","displayAddress":"78-80 Prince Of Wales Road, Norwich, Norfolk, NR1 1NJ","encId":null,"councilTaxBand":null,"brochure":null,"description":"Car parking for two vehicles\n\nComprehensively refurbished throughout\n\nWell proportioned accommodation with original features \n\n\nLow business rates\n\n\nREFURBISHED FIRST FLOOR OFFICE \n\n**Detailed Description**\n\nThe 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.\n\nThe first-floor benefits from attractive period features, to include ceiling roses and cornice work together with original fireplaces and is undergoing a comprehensive refurbishment. \n\nThe property benefits from shared kitchen and WC facilities which have been comprehensively refurbished, together with two carparking spaces to the rear.\n\n\n\n**Location**\n\nThe property is located on Prince of Wales Road, a primary route between Norwich Railway Station and Norwich City Centre.\n\nIt is a lively location with a variety of office occupiers as well as shops, bars and restaurants. 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Comprehensively refurbished throughout
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Low business rates
REFURBISHED FIRST FLOOR OFFICE
Detailed Description<\/b>
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<\/b>
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)
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