2-bedroom flat · NR4 6LH
Listing removedReduced £10k (−6.3%) on 7 AugListed 99 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**offered with no onward chain** Gilson Bailey are delighted to offer this two-bedroom ground floor apartment, perfectly positioned to the south of Norwich and offering an exceptional opportunity for first-time buyers, downsizers, or savvy investors alike.
The property welcomes you with a spacious entrance hall leading to a bright and inviting lounge, a well-appointed kitchen, two generously sized bedrooms, and a shower room.
Outside, the home continues to impress with one off road parking and front and rear gardens, providing delightful spaces to relax, entertain, or enjoy a morning coffee.
Further benefits include double glazing, gas central heating, and the significant advantage of being offered with no onward chain, ensuring a smooth and straightforward purchase.
Combining comfort, convenience, and fantastic investment potential, this wonderful home is sure to attract strong interest, so early viewing is highly recommended.
Location The favoured south city of Norwich offers good access to and from the City centre along with popular local amenities to include schooling, shops, supermarkets, pubs and restaurants.
There is ease of access to Norwich Bus station, Chapelfield Gardens, University of East Anglia, Norfolk and Norwich University Hospital, A11 and the A47 southern bypass.
Accommodation Comprises Front door to: Entrance Hall Doors to lounge, kitchen, two bedrooms and shower room. Lounge (4.19 x 3.32 (13'8" x 10'10")) Two double glazed windows, radiator.
Kitchen (2.50 x 2.17 (8'2" x 7'1")) Fitted wall and base units with worktops over, sink and drainer, space for cooker, fridge and washing machine, double glazed window.
Bedroom One (3.84 x 3.28 (12'7" x 10'9")) Double glazed window, radiator, built in wardrobe. Bedroom Two (3.04 x 2.84 (9'11" x 9'3")) Double glazed window, radiator, built in wardrobe.
Shower Room (2.45 x 1.35 (8'0" x 4'5")) Walk in shower, low level WC, hand wash basin, radiator, frosted double glazed window.
Outside Lawned front garden and an enclosed rear garden, off road parking space and a brick built storage shed. Local Authority Norwich City Council, Tax Band A.
Tenure Leasehold Term 125 years from 8 February 1988 Service Charge £118.03 per annum Ground Rent £10 per annum Utilities Fibre to the property. Mains gas, water and electric.
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
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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
Agent & docs
FAQ
About 33, Watkin Road, Norwich
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