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See how verdicts work2-bedroom flat · NR3 3BE
For saleReduced £10k (−6.3%) on 4 AugListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**within short walking distance of the city centre** Gilson Bailey are delighted to present this spacious and beautifully presented two-bedroom apartment, ideally located in the ever-popular NR3 area of Norwich.
The accommodation boasts a generous entrance hall, two well-proportioned double bedrooms and an impressive 24’ open-plan lounge/diner with a sleek modern kitchen, followed by a contemporary bathroom, creating stylish and versatile living space throughout.
Outside, the property benefits from an allocated parking space and secure intercom entry.
Additional features include double glazing, electric heating and excellent condition throughout, making this an ideal first-time purchase or a strong buy-to-let investment.
Early viewing is highly recommended to fully appreciate the size, presentation and desirable location on offer.
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, Norwich Airport and ndr Accommodation Comprises Secure intercom entry with staircase to first floor.
Front door to: Entrance Hall Doors to lounge/diner, two bedrooms, bathroom and large storage cupboard.. Lounge/Diner (7.48 x 5.03 (24'6" x 16'6" )) Double glazed windows to front, two radiators.
Kitchen (2.97 x 2.20 (9'8" x 7'2" )) Fitted wall and base units with work tops over, sink and drainer, four ring gas hob with extractor over, fitted oven, integrated fridge/freezer, space for washing machine.
Bedroom One (4.18 x 3.83 (13'8" x 12'6" )) Double glazed window to front, radiator, built-in wardrobes. Bedroom Two (4.17 x 2.70 (13'8" x 8'10" )) Double glazed window to front, radiator.
Bathroom (2.72 x 2.19 (8'11" x 7'2" )) Panelled bath with shower over, low level WC, hand wash basin, heated towel rail, extractor fan. Outside One off road parking space.
Local Authority Norwich City Council, Tax Band B. Tenure Leasehold - Term 125 years from 1 March 2003. Please note ground rent is £150 per annum and service/maintenance charges are £149.35 per month.
For further information, please contact the office. Utilities Full fibre broadband available. Mains electric and water.
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 5, St. Augustines Gate, Norwich
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