2-bedroom flat · NR2 1HJ
For saleReduced £10k (−6.7%) on 23 OctListed 51 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*hall*lounge*kitchen with built in oven, hob & extractor*two bedrooms*bathroom*double glazed windows*electric heating*parking space*EPC rating D*current council tax band B*no onward chain* Entrance door to hall Intercom phone.
Electric heater. Fitted carpet lounge (16'6 X 10'8) Double glazed window to front. Storage heater. Fireplace. Fitted carpet. Door to kitchen (10'3 X 6'10) Built in oven, hob & extractor.
Base & wall units. Inset sink with mixer tap. Double glazed window to front. Built in airing cupboard. Vinal flooring. Washing machine bedroom (13' X 9'6) Double glazed window to rear.
Storage heater. Fitted carpet. Bedroom (9'5 X 8') Double glazed window to rear. Storage heater. Fitted carpet. Bathroom Panelled bath with shower over & screen. Close coupled w.c.
& pedestal basin. Extractor fan. Electric fan heater. Ceramic wall tiling. Vinal flooring.
Communal garden secure parking space Leasehold details: Years remaining: 977 years from 16th April 2004 Ground rent: Peppercorn Service charge: £1,171.95 (half yearly service charge) agents note: There is a £80,000 fund currently held by the management agent for planned replacement of all windows and doors to every property by year end 2026.
Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose.
A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller.
The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor.
Items shown in photographs are not included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Also, if there is anything in particular that you require clarification on call the office before viewing.
Mills Knight refer sellers and buyers to various trusted firms for services associated with the home move process for which in some cases a referral fee is paid to Mills Knight by the service provider.
It is your decision whether you choose to deal with those firms. Mills Knight from time to time recommends conveyancing services.
Should you decide to use them we could receive a referral fee of £120.00. Mills Knight recommend Brancaster House to sellers and buyers for mortgage advice.
Should you decide to use Brancaster House we could receive a referral fee of £250.
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
FAQ
About 85, Wellington Lane, Norwich
Explore nearby
.jpeg){kind=logo}
