1-bedroom flat · NR2 1BG
Let agreedReduced £175 (−12.1%) on 29 AugListed 234 days · slow let
Opportunity summary
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About
ABSOLUTELY STUNNING FURNISHED CITY CENTRE APARTMENT Deposit alternative: pay 1 week's worth of rent (subject to a minimum of £150) as a non-refundable Reposit fee instead of paying a traditional damage deposit.
Pearl Lettings presents this modern city apartment in Castle House. This building is located on one of Norwich's prime streets.
The new development is directly overlooking Norwich Castle with the historic Royal Arcade to the rear of the building. This apartment is ideal for anyone working within the city or commuting.
You will find this building within 100 yards of Castle Quarter, which is filled with shops, restaurants and bars.
Norwich is famous for its medieval city and shopping destinations with its two shopping centres, open air market and the boutiques in the admired side lanes.
There is no parking available with this apartment but there are bus stops directly outside of the apartment to take you in any direction out of the city. Elevator access to all floors.
All apartments in this building have Zehnder air filtration systems installed, which improve air quality by filtering out NO2 (Nitrous Oxide), controlling humidity and providing ventilation.
The system also has a built-in heat recovery system. THE PROPERTY WILL BE FULLY FURNISHED (can be unfurnished if preferred) Entrance Hall Secure video telecom system. Carpeted flooring.
Living Room Open plan lounge/kitchen, with expansive windows overlooking the Castle. Three seat sofa, occasional chair, coffee table, TV unit, rug.
Dining Area Four dining chairs with chrome and glass dining table Kitchen A modern kitchen fitted with a range of base and wall units, cooker with electric hob and extractor over, washer-dryer and fridge-freezer and dishwasher.
Vinyl flooring. Bathroom A modern suite consisting of bath with shower over, low level WC and wash hand basin. Vinyl flooring. Bedroom Double bedroom with windows overlooking the Castle.
Carpeted flooring. 4'6" double bed with headboard and semi-orthopaedic mattress. Wardrobe with drawers below, two bedside units. Storage There are three storage cupboards within the property.
Secure bicycle storage within the building. If you may be required to have a guarantor but do not have one then we can offer an alternative through RentGuarantor.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Castle House, Castle Meadow, Norwich, Norfolk
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