We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · NR1 1HB
Listing removedListed 495 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** GUIDE PRICE £280,000 - £300,000 STUNNING DUPLEX APARTMENT WITH A PRIVATE TERRACE AND VIEWS TOWARDS THE CATHEDRAL AND CASTLE** Gilson Bailey are delighted to offer this WELL PRESENTED, MODERN, THREE BEDROOM, FIFTH FLOOR, DUPLEX APARTMENT situated on a sought after Riverside location within walking distance to the City Centre and train station.
Accommodation comprising secure intercom entry, entrance hall, THREE BEDROOMS, bathroom, spacious landing/dining area, kitchen and lounge with a dual balcony and views over Norwich.
Outside there are TWO UNDERGROUND, SECURE PARKING SPACES. The apartment benefits from double glazing, electric underfloor heating and is OFFERED WITH NO ONWARD CHAIN.
The property would suit a wide array of buyers so be quick to book a viewing to appreciate the size, quality and location on offer.
Location - The Cathedral city of Norwich is set in the heart of East Anglia and has everything you would desire in a vibrant regional capital, including wonderful shopping facilities with two shopping malls including Chantry Place, and a wide range of independent boutique shops in the Norwich lanes.
There is a wide array of restaurants, bars, coffee shops, a dynamic nightlife which caters for all age groups, and the Theatre Royal is one of the country’s oldest established theatres.
The city is the most complete medieval city in the United Kingdom, including cobbled streets such as Elm Hill, Timber Hill and Tombland, with ancient buildings including St Andrews Hall, two Cathedrals and Norwich Castle.
The River Wensum flows throughout the city with various pubs located along the river and with boat hire available.
There are excellent transport links with Norwich train station providing a regular mainline service into London Liverpool Street, Cambridge and towards the coast.
Norwich International Airport is also situated only 4 miles from the city centre.The city has two Universities including the University of East Anglia and Norwich University of The Arts.
There are fantastic schools and colleges around the city and suburbs.
Norfolk itself is arguably most famous for its man-made broads, a national park with over 125 miles of waterways set in beautiful countryside surrounded with charming and picturesque towns and villages with Wroxham, the capital of the broads, approximately 8 miles from the centre of Norwich.
Accommodation Comprises - Secure intercom entry with lift and stairs to fifth floor. Front door to: Entrance Hall - Doors to three bedrooms, bathroom and stairs to top floor.
Bedroom One - 4.48 x 4.08 (14'8" x 13'4") - Sliding patio doors to balcony, underfloor heating. Bedroom Two - 5.02 x 2.99 (16'5" x 9'9") - Double glazed window, built in wardrobe, underfloor heating.
Bedroom Three - 3.15 x 2.96 (10'4" x 9'8") - Doors to Juliet balcony, underfloor heating.
Bathroom - 2.74 x 2.66 (8'11" x 8'8") - Panelled bath, shower cubicle, low level WC, hand wash basin, heated towel rail, frosted double glazed window.
Landing/Dining Area - 6.43 x 4.41 (21'1" x 14'5") - Juliet balcony, double glazed window, door to kitchen and open access to lounge.
Lounge - 4.22 x 4.04 (13'10" x 13'3") - Sliding doors to outside terrace, underfloor heating.
Kitchen - 2.86 x 2.68 (9'4" x 8'9") - Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, integrated fridge/freezer and washing machine, double glazed window.
Outside - Two underground parking spaces. Local Authority - Norwich City Council, Tax Band E. Tenure - Leasehold - Term 126 years from 01 January 2005.
Please note ground rent is £350 per annum and service charge £1877 per annum. Utilities - Ultrafast full fibre broadband available. Mains water and electric.
Value & comps
No previous sales on record.
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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
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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
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FAQ
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