Studio flat · NR1 1UH
Listing removedListed 353 days
Opportunity summary
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About
SOLD AT AUCTION - £328,000 High yielding residential investment producing £28, 920 pa Four let self contained flats This three storey mid terrace property known as Clinton House is arranged as four self contained residential units.
Currently all are let producing £2,410 pcm (£28,920 pa). Flat 1 is a ground floor studio at the front let at £500 pcm (£6,000 pa).
Flat 2 is a ground floor studio at the rear let at £565 pcm (£6,780 pa) increasing to £595 pcm with effect from 31st December.
Flat 3 is a first floor studio let at £525 pcm (£6,300 pa) Flat 4 is a first and second floor two bedroom maisonette let at £820 pcm (£9,840 pa), however the tenant has served notice to vacate from 1st December and it is now being advertised to re let at £825 pcm.
Each flat has its own gas, water and electric meter and council tax banding. This is an ideal opportunity for an investor looking for a high yielding investment. On instruction of executors.
Ground floor Communal entrance hall Flat 1: Entrance hall, bedroom, shower room with wc, kitchen (EPC D, 35 sq/m) Flat 2: To be confirmed (EPC D, 27 sq/m) First floor Flat 3: Entrance hall, bedroom / sitting room, bathroom, kitchen (EPC C, 27 sq/m) Flat 4: Entrance hall, kitchen / dining room, shower room with wc, study (EPC D, 87 sq/m) Second floor Flat 4: Landing, two bedrooms Outside Front and rear shared yard.
The front yard may offer the potential for an off road parking space subject to any necessary consents being obtained.
Council Tax Band A Viewings Viewings are arranged in conjunction with the tenants for Saturday 29 November.
There will be specific times so please call the Norwich office to book the next available appointment.
Tenure: Freehold EPC Rating: D,D,C,D Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £960 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.
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Returns
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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
Agent & docs
FAQ
About 33C Thorpe Road, Norwich, Norfolk NR1 1UH
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