# 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

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.

## 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)