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See how verdicts work2-bedroom flat · NR3 4SA
For saleReduced £10k (−6.7%) on 21 OctListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**guide price £150,000 - £160,000 offered with no onward chain** Gilson Bailey are delighted to offer this smartly presented, two bedroom first floor flat, ideally positioned within the highly sought-after NR3 area of Norwich and within walking distance of the City Centre.
Offered with the significant advantage of no onward chain, the property provides spacious and well-planned accommodation accessed via a secure intercom entry, with a private entrance hall leading to a generous lounge/diner, fitted kitchen, bathroom and two well-proportioned bedrooms, with bedroom one enjoying the added benefit of its own en-suite shower room.
Outside, the property benefits from the increasingly valuable advantage of its own off-road parking space, providing added convenience so close to the City Centre.
Further benefits include double glazing and gas heating.
Combining two bedrooms, two bath/shower rooms, private parking and an excellent NR3 location within easy reach of central Norwich, this attractive chain-free flat would make a fantastic first-time purchase, so be quick to book a viewing.
Location The popular NR3 area of Norwich provides a good range of local amenities to include schooling, shops, supermarkets, pubs and restaurants.
There are good public transport links to and from the City centre with ease of access to the Norwich Ring Road and ndr. Accommodation Comprises Secure intercom entry with stairs to first floor.
Front door to: Entrance Hall Doors to lounge/diner, two bedrooms and bathroom. Lounge/Diner (4.40 x 4.00 (14'5" x 13'1")) Three double glazed windows, two radiators.
Kitchen (3.11 x 2.35 (10'2" x 7'8")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge/freezer, washing machine and dishwasher, two double glazed windows.
Bedroom One (4.12 x 2.54 (13'6" x 8'3")) Double glazed window, radiator, built in wardrobe. En-Suite (1.78 x 1.56 (5'10" x 5'1")) Shower cubicle, low level WC, hand wash basin, radiator.
Bedroom Two (3.62 x 2.70 (11'10" x 8'10")) Double glazed window, radiator. Bathroom (2.53 x 1.51 (8'3" x 4'11")) Panelled bath, low level WC, hand wash basin, radiator.
Outside One off road parking space. Local Authority Norwich City Council, Tax Band B. Tenure Leasehold - Term 125 years from 1 January 2007.
Please note ground rent is £389.32 per annum and service/maintenance charges are £2010.92 per annum. For further information, please contact the office. Utilities Fibre to the cabinet.
Mains gas, water and electric. Disclaimer To comply with Anti-Money Laundering (aml) regulations, successful buyers must complete the required aml checks and provide proof of funds.
A non-refundable fee of £60 including VAT is payable per purchaser, per transaction, including any individuals contributing or gifting funds towards the purchase.
Fees are payable for up to a maximum of two purchasers, for the transaction, any additional parties checks will be covered by these fees.
This fee must be paid directly to Gilson Bailey & Partners Ltd. All required checks must be completed before a memorandum of sale can be issued.
Value & comps
No previous sales on record.
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 asking
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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
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FAQ
About 7, Southalls Way, Norwich
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