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See how verdicts workStudio flat · NR3 4JB
Listing removedReduced £20k (−20%) on 21 JunListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** NR3 studio flat ** Offered with no onward chain this studio apartment is situated in well maintained communal grounds in the popular NR3 area of Norwich.
The accommodation is approached via a communal hall with intercom entry, and includes living/bedroom area, inner lobby with useful built in wardrobe, shower room, and kitchen.
The apartment benefits from allocated parking, uPVC double glazing and electric heating.
The apartment would make a good first-time purchase or buy-to-let investment, and an internal viewing is highly recommended.
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 Door to Lounge/ Bedroom (4.44 x 2.63 (14'6" x 8'7" )) Double glazed window, electric heater, door to inner hall and opening to kitchen Kitchen (2.60 x 1.82 (8'6" x 5'11" )) Double glazed window, fitted wall and base units with worktops over, space for cooker, single sink and drainer, space for utilities.
Inner Lobby Opening to shower room and wardrobe space Shower Room Low level WC, wash basin, shower cubicle, tiled splashbacks Outside Well maintained communal gardens, and allocated off road parking space.
Local Authority Norwich City Council- Tax Band A Tenure Leasehold Term: 999 years from 01 September 1982 Service Charge: £1060pa Ground Rent: £40pa Utilities Ultrafast Broadand Available Mains electric and water 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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 33, Gilman Road, Norwich
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