2-bedroom flat · NR7 9DX
Listing removedReduced £10k (−7.7%) on 30 JulListed 105 days
Opportunity summary
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About
**excellent first time purchase** Gilson Bailey are delighted to offer this spacious two-bedroom, first-floor apartment, ideally situated on the popular Heartsease estate to the north-east of Norwich.
Offering generous and well-proportioned accommodation throughout, the property comprises a communal entrance, welcoming entrance hall, a bright and spacious lounge/diner, fitted kitchen, two comfortable bedrooms and a bathroom.
Externally, residents can enjoy well-maintained communal gardens along with the added benefit of a brick-built storage shed. Further features include double glazing and gas-fired central heating.
With its excellent location close to local amenities, schools and transport links, this fantastic property would make an ideal first-time purchase or a superb buy-to-let investment, and an early viewing is highly recommended.
Location Situated to the north-east of Norwich close by to a good selection of amenities including schooling, shops, popular local pubs and restaurants.
There are regular public transport links to and from the City centre with ease of access to the Norwich Ring Road, Mousehold Heath and ndr.
Accommodation Comprises Communal entrance with stairs to first floor. Front door to: Entrance Hall Doors to lounge/diner, kitchen, two bedrooms and bathroom.
Lounge/Diner (5.91 x 3.49 (19'4" x 11'5")) Two double glazed windows, radiator.
Kitchen (3.19 x 3.09 (10'5" x 10'1")) Fitted wall and base units with worktops over, sink and drainer, space for cooker, fridge/freezer and washing machine, double glazed window.
Bedroom One (3.63 x 3.06 (11'10" x 10'0")) Double glazed window, radiator. Bedroom Two (2.71 x 2.68 (8'10" x 8'9")) Double glazed window, radiator.
Bathroom (2.06 x 1.68 (6'9" x 5'6")) Panelled bath with shower over, low level WC, hand wash basin, radiator, frosted double glazed window.
Outside Communal lawned gardens and a brick built storage shed. Local Authority Norwich City Council, Tax Band A.
Tenure Leasehold - 125 years from 15 August 2005 Service Charge £333.25 per annum Ground Rent £10 per annum Utilities Fibre to the cabinet. 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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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 20, Finch Close, Norwich
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