# 1 bedroom flat for sale (NR21 9AZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 58 BRIDGE STREET, FAKENHAM, NORFOLK NR21 9AZ |
| Price | £125,000 |
| Bedrooms | 1 |
| Last sold | £118,000 May 2023 |

## Description

Modern, Second (top) floor 1 bedroom Apartment with gas centrally heated and double glazed accommodation. 

The property is conveniently located, within easy walking distance of the River Wensum and the Town Centre.

The accommodation comprises:

Entrance Hall, Sitting room, Fitted Kitchen, Bathroom and Bedroom

Communal stairway and Landing to Entrance Lobby: (owned and maintained by Victory Housing) with storage cupboard (owned by this property). Door to; 

Entrance Hall:

Double airing cupboard with "Viessmann" gas fired combi central heating boiler and slatted shelves. Built in cupboard with slatted shelving. Intercom phone. Hatch to roof space.

Sitting room: 18'5" x 10'0" (5.6m x 3.0m)

TV point. Telephone point. 

Kitchen: 11'9" x 5'3", (3.5m x 1.6m). 

Stainless steel washing up bowl and matching circular drainer with mixer tap, set in fitted work surface with cupboards and "AEG" washing machine under.  "Delonghi" electric cooker. Further fitted work top with drawer and cupboard under. "Beko" fridge/freezer. Matching range of wall mounted cupboard units.

Bedroom: 11'8" x 10'0, (3.5m x 3.0m).

Built-in double wardrobe cupboard with louvered doors, slatted shelves and fitted hanging rail. 

Laminate floor.

Half tiled Bathroom:

White suite of panelled bath with mixer tap/shower fitting over, tiled surround and glass shower screen over. Pedestal hand basin with shaver point over. Low level WC. Heated towel rail.

Services: 

All mains services are connected to the property.

Agent Note: 

Service charge £552.16 per annum, (including £10pa Ground Rent)

District Authority: 

North Norfolk District Council, Cromer. 

Tax Band: "A".

EPC: C.

## Property Photos

- ![Front View ](/listings/photos/126203063/248387) - Front View 
- ![Kitchen](/listings/photos/126203063/248388) - Kitchen
- ![Sitting room](/listings/photos/126203063/248389) - Sitting room
- ![Bathroom](/listings/photos/126203063/248390) - Bathroom
- ![Bedroom](/listings/photos/126203063/248391) - Bedroom

## Floorplans

- ![Floorplan 1](/listings/photos/126203063/248392) - Floorplan 1

## EPC Graphs

- ![EPC 1](/listings/photos/126203063/248393) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 58 BRIDGE STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9AZ | £118,000 | 12/05/2023 | 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 |
|---------|-------|------|------|
| 3 BRIDGES WALK, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9TB | £136,000 | 01/12/2023 | Flat |
| THE OLD MILL 5 BRIDGE STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9AY | £150,000 | 17/11/2023 | Flat |
| THE OLD MILL 17 BRIDGE STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9AY | £240,000 | 13/10/2023 | Flat |
| THE OLD MILL FLAT 8 BRIDGE STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9AY | £275,000 | 13/10/2023 | Flat |
| [Same street] 60 BRIDGE STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9AZ | £115,000 | 05/07/2022 | Flat |
| 3 BRIDGES WALK, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9TB | £116,500 | 04/03/2022 | Flat |
| 16 TUNN STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9BJ | £160,000 | 30/11/2021 | Flat |
| 7B TUNN STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9BJ | £185,000 | 29/10/2021 | Flat |
| 4 FLAT 6 SWAN STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9BN | £83,000 | 16/09/2021 | Flat |
| 14 BRIDGES WALK, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9TB | £125,000 | 09/07/2021 | Flat |
| 63 BRIDGE STREET, FAKENHAM, NORTH NORFOLK, NORFOLK, NR21 9TE | £125,000 | 08/07/2021 | Flat |

**Street average:** £115,000 (1 sale)
**Area average:** £159,550 (10 sales)

## Price vs local average

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

- **Local average:** £197,500 (2 Flat, NR21, 2024–2026)
- **Deviation:** -36.7%

## Rental Range

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

- **Low:** £772/mo
- **Realistic:** £858/mo
- **Optimistic:** £944/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Kings Lynn (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £547/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 |
|------|------|------|------|------|
| 1 Bed Terraced House, Sculthorpe Road, NR21 | £433/mo | 1 | 0.57 miles | OpenRent |

**Average rent: £433/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.35% (weak for cashflow)
- **Max investor price (0.8%):** £54,125
- **Target investor price (1%):** £43,300

*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 £433/mo).*

- **Gross yield:** 4.2%
- **Cost-to-rent:** 24.1×
- **Monthly cashflow:** £-128/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -4.2%

*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:** 11.4%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** -7.3%
- **5y growth (index):** -2.6%
- **10y growth (index):** 17.8%

## 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)