1-bedroom flat · NR1 1XR
For saleListed 717 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This spacious first floor one bedroom apartment, is available to Investors only, currently rented with a tenant paying £995 (including a £20 contribution to water charges) per calendar month.
The property features a communal entrance with secure intercom entry, leading to a generously sized double bedroom, a spacious lounge/diner with a Juliet balcony, and a modern fitted kitchen.
The bathroom is well appointed, and the apartment benefits from double glazing and gas central heating.
Additionally, the property includes one secure allocated parking space and access to a secure communal cycle store.
Located in the highly desirable Riverside area you are a stones throw from a fantastic selection of amenities including shops, supermarket, multiplex cinema, bowling alley, bars and restaurants plus you are also within walking distance to the train station and is walking distance to the City centre itself.
Communal front doors with secure intercom entry to Communal Entrance Hall Stairs and lift to the first floor landing, front door to:- Hallway Airing cupboard with wall mounted gas boiler, storage cupboard, doors to all rooms.
Lounge/Diner 23'5" (7.14m) x 11' (3.61m) max 9'1" (2.77m) D Double glazed French doors to the Juliet balcony.
Kitchen - 9'3" (2.82m) x 7'5" (2.26m) Fitted with a range of base and wall units, work surfaces, inset four ring electric hob with extractor hood over, electric oven and grill, integrated fridge/freezer and washing machine, inset single sink and drainer, tiled splashbacks.
Bedroom 1 - 19'6" (5.94m) x 10'1" (3.07m) Double glazed window to the rear, built-in wardrobes.
Bathroom Panelled bath with mixer tap and shower attachment, wash basin, low level WC, tiled splashbacks, extractor fan, radiator.
Outside There is one allocated parking space within the residents car park with secure entry.
There is a communal bike store with secure entry, plus a small amount of communal garden situated to the side.
Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
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
FAQ
About 14, River Heights, Norwich
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