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See how verdicts work1-bedroom house · NR1 1HX
Sold STCReduced £20k (−22.2%) on 25 OctListed 651 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
STUNNING RETIREMENT APARTMENT WITH CATHEDRAL VIEWS** Offered with no onward chain and situated a short distance from the historic Cathedral City centre of Norwich, Gilson Bailey are delighted to offer this beautiful, third floor, one bedroom apartment with accommodation comprising communal ground floor lobby with lift and stair access, entrance hall, lounge, newly fitted kitchen, modernised shower room and double bedroom.
The apartment has been re-decorated throughout with new flooring and benefits from double glazing and newly installed storage heating.
The development offers internal emergency pull-cords and links to a 24-hour helpline, in-house laundry, communal lounge, guest suite for visitors, landscaped communal gardens and residents parking on a first come, first served basis.
Internal viewing is highly recommended.
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 - Communal entrance with lift and stair access to the third floor. Front door to: Entrance Hall - With doors to lounge, bedroom, shower room and built-in storage cupboard.
Lounge - 4.96m x 3.17m (16'3" x 10'4") - Double glazed window to rear, storage heater, electric fireplace, TV point.
Kitchen - 2.20m x 1.71m (7'2" x 5'7") - Fitted wall and base units with worktops over, sink and drainer, four ring electric hob with extractor over, fitted oven, space for fridge/freezer, sensor lighting.
Bedroom - 4.58m x 2.53m (15'0" x 8'3") - Panel heater, double glazed window to rear, TV point.
Shower Room - 2.51m x 1.51m (8'2" x 4'11") - Walk-in shower cubicle with shower over, low level WC, hand wash basin, heated towel rail, extractor fan.
Outside - Residents car park on a first come, first serve basis and well maintained communal grounds. Local Authority - Norwich City Council, Tax Band A. Tenure - Term 125 years from 1 June 1985.
Please note ground rent is £295 per annum and service/maintenance charges are £2447.66 per annum. For further information, please contact the office. Utilities - Full fibre broadband available.
Mains water and electric.
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
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FAQ
About Cavendish Court, Recorder Road, Norwich
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