Sold STC Flat

8

LANGWORTH HOUSE, NORTH QUAY, GREAT YARMOUTH, GREAT YARMOUTH, NORFOLK NR30 1RW

Listed 14 Jun 2006 (-7318d)

£54,950

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# Studio flat for sale (NR30 1RW)

## Property Details

| Key | Value |
|-----|-------|
| Address | 8, LANGWORTH HOUSE, NORTH QUAY, GREAT YARMOUTH, GREAT YARMOUTH, NORFOLK NR30 1RW |
| Price | £54,950 |
| Last sold | £15,500 Nov 2002 |

## Description

ACCOMMODATION

Communal entrance hall.

GROUND FLOOR APARTMENT

BEDSITTING ROOM	14'6" x 12' max (4.41m x 3.65m)  Power points, t.v. point, uPVC sealed unit double glazed window.

KITCHEN	9' x 7'6" (2.74m x 2.28m)  Selection of base and wall units, stainless steel sink unit, plumbing for washing machine.

CENTRAL LOBBY

SHOWER ROOM	Corner shower, w.c., pedestal wash hand basin.

PARKING       Parking bay to the rear.

## Property Photos

- ![Photo](/listings/photos/4625217/742915)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| LANGWORTH HOUSE 8 NORTH QUAY, GREAT YARMOUTH, NORFOLK, NR30 1RW | £15,500 | 28/11/2002 | 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 |
|---------|-------|------|------|
| 51 NORTH QUAY, GREAT YARMOUTH, NORFOLK, NR30 1JE | £165,000 | 24/07/2025 | Flat |
| 52 - 53 FLAT 1 NORTH QUAY, GREAT YARMOUTH, NORFOLK, NR30 1JE | £61,000 | 17/10/2022 | Flat |
| [Same street] LANGWORTH HOUSE FLAT 2 NORTH QUAY, GREAT YARMOUTH, NORFOLK, NR30 1RW | £58,000 | 20/07/2022 | Flat |
| 14E GEORGE STREET, GREAT YARMOUTH, NORFOLK, NR30 1HR | £90,000 | 10/09/2021 | Flat |
| 16 GEORGE STREET, GREAT YARMOUTH, NORFOLK, NR30 1HR | £132,000 | 25/08/2021 | Flat |

**Street average:** £58,000 (1 sale)
**Area average:** £112,000 (4 sales)

## Price vs local average

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

- **Local average:** £117,650 (10 Flat, NR30, 2024–2026)
- **Deviation:** -53.3%

## Rental Range

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

- **Low:** £750/mo
- **Realistic:** £833/mo
- **Optimistic:** £916/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Lowestoft & Great Yarmouth (Apr 2025 – Mar 2026).*

## 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, South Market Road, NR30 | £625/mo | 1 | 0.41 miles | OpenRent |
| 1 Bed Flat, South Market Road, NR30 | £725/mo | 1 | 0.43 miles | OpenRent |

**Average rent: £675/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 1.23% (strong)
- **Max investor price (0.8%):** £84,375
- **Target investor price (1%):** £67,500

*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 £675/mo).*

- **Gross yield:** 14.7%
- **Cost-to-rent:** 6.8×
- **Monthly cashflow:** £366/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 27.6%

*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:** 25.3%
- **10y growth:** 0.5%

## House Price Index (HM Land Registry)

*Official index for Great Yarmouth; Flats and maisonettes series; as of March 2026.*

- **1y growth (index):** -5.4%
- **5y growth (index):** 2.8%
- **10y growth (index):** 25.4%

## 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)

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Property details

Last sold

£15,500 Nov 2002

Local average

£117,650 (-53.3%)

Deprivation

Decile 1 (51 of 33,755)

Street crime

427 incidents within 1 mile (Apr 2026)

Key features

Ground Floor Studio Apartment
Lounge/Bedroom
Kitchen
Shower Room
Double Glazing
Parking Bay

Description

Situated in a small development of eight apartments, this ground floor studio apartment offers the following accommodation: lounge/bedroom leading on to kitchen, and separate shower room. The property has the benefit of uPVC sealed unit double glazed windows and there is no chain.

ACCOMMODATION

Communal entrance hall.

GROUND FLOOR APARTMENT

BEDSITTING ROOM 14'6" x 12' max (4.41m x 3.65m) Power points, t.v. point, uPVC sealed unit double glazed window.

KITCHEN 9' x 7'6" (2.74m x 2.28m) Selection of base and wall units, stainless steel sink unit, plumbing for washing machine.

CENTRAL LOBBY

SHOWER ROOM Corner shower, w.c., pedestal wash hand basin.

PARKING Parking bay to the rear.

Listed by

Great Yarmouth

Larkes Estate Agents

Reference: 4625217

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event	Date	Price	% change
Sold	28/11/2002 (23 years ago)	£15,500	—

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
51 NORTH QUAY, GREAT YARMOUTH, NORFOLK, NR30 1JE	£165,000	24/07/2025	Flat
52 - 53 FLAT 1 NORTH QUAY, GREAT YARMOUTH, NORFOLK, NR30 1JE	£61,000	17/10/2022	Flat
Same street LANGWORTH HOUSE FLAT 2 NORTH QUAY, GREAT YARMOUTH, NORFOLK, NR30 1RW	£58,000	20/07/2022	Flat
14E GEORGE STREET, GREAT YARMOUTH, NORFOLK, NR30 1HR	£90,000	10/09/2021	Flat
16 GEORGE STREET, GREAT YARMOUTH, NORFOLK, NR30 1HR	£132,000	25/08/2021	Flat

Street average: £58,000 (1 sale)

Area average: £112,000 (4 sales)

Capital growth trend

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

5y growth 25.3%

10y growth 0.5%

House Price Index (HM Land Registry — official index, not sold-price averages): Great Yarmouth. Series: Flats and maisonettes. As of March 2026.

1y (index) -5.4%

5y (index) 2.8%

10y (index) 25.4%

Rental Range

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

Low £750/mo

Realistic £833/mo

Optimistic £916/mo

Based on Local Authority from postcode lookup → Great Yarmouth.

LHA (30th percentile) floor for Lowestoft & Great Yarmouth: Apr 2025 – Mar 2026

Location

Map view View on Google Maps View on OpenStreetMap Street View NR30 1RW

Address

Patterson Close

Nearby

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

Type	Name	Distance
Bus stop	Haven Bridge House, adj	0.1 miles
Bus stop	Stonecutters Way, adj	0.1 miles
Shop	Jim's Butchers	0.1 miles
Shop	Pep&Co	0.2 miles
Train station	Great Yarmouth	0.2 miles
Train station	Berney Arms	4.0 miles
Hospital	Airey Close	7.7 miles

Street-level crime

Category	Count
Violence and sexual offences	187
Anti-social behaviour	60
Criminal damage and arson	47
Public order	34
Other theft	31
Shoplifting	23
Other crime	11
Drugs	9
Burglary	7
Vehicle crime	7
Possession of weapons	5
Bicycle theft	2
Robbery	2
Theft from the person	2
Total incidents	427

Within 1 mile during Apr 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
St Nicholas Priory CofE VA Primary School	Primary	0.3 miles	Good — 3 Apr 2019
Cobholm Primary Academy	Primary	0.3 miles	Good — 30 Nov 2021
Southtown Primary School	Primary	0.5 miles	Requires improvement — 17 Sep 2023
Visiting Teacher Service East at Education Services Centre	Other	0.6 miles	— (No rating)
Novaturient School	Other	0.6 miles	Good — 11 May 2023

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, South Market Road, NR30	£625/mo	1	0.41 miles	OpenRent
1 Bed Flat, South Market Road, NR30	£725/mo	1	0.43 miles	OpenRent

Average rent: £675/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 1.23%

Max investor price (0.8%) £84,375

Target investor price (1%) £67,500

Gross yield 14.7%

Cost-to-rent ratio 6.8×

Monthly cashflow £366/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 27.6%

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).