2-bedroom flat · NR1 3SB
For saleListed 19 daysAuction 21 Oct · tomorrow
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious purpose built top floor two bedroom flat near the city centre
This modern purpose built third floor two bedroom flat extends to around 62 sq/m. It is in good decorative order, is double glazed and has electric heating.
It was previously let at £1,250 pcm (£15,000 pa) and is now to be sold with vacant possession. Exceptionally low ground rent of £10 per annum and services charges of £227.03 per annum
The good epc C rating makes it ideal as a buy to let investment or for owner occupation.
It is located less than a mile south of the city centre.
Tenure
Leasehold. 125 years from 26 October 2020
Accommodation
Entrance hall, two bedrooms, bathroom, kitchen/lounge
Outside
Use of communal gardens along with a Juliet Balcony leading off the main bedroom. There is also the use of a bike storage space on the ground floor.
Note
Residents and visitors permit parking is available, plus the option to rent a secure, ground-level covered parking space for £50 per month with key fob access.
Leasehold details
Term : 125 years from 26 October 2020 (119 years remaining) Annual ground rent amount : £10.00 Ground rent review period : Please refer to legal pack Annual service charge amount : £227.03 Service charge review period : Please refer to legal pack
Viewings
We are in the area on the following dates and viewings are offered by appointment: Wednesday 14 October Friday 16 October
Please call the Norwich office to book your appointment.
Council Tax Band
C
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Norwich City Council
Solicitors
Leadenhall Law Group, Ref: Birgul Akar, Tel: 01603 904918
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 102 Brazen Gate, Norwich, Norfolk NR1 3SB
Explore nearby
