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See how verdicts work2-bedroom flat · NR2 2TN
For saleReduced £5k (−2.5%) on 25 SepListed 75 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
abbotFox presents this spacious two bedroom apartment, set within easy reach of Norwich City Centre and offered to the market with no onward chain.
Accommodation Neatly arranged and set on the ground floor of this conversion, the apartment offers a bright and spacious open plan living kitchen area, two bedrooms, the principal serviced by an en-suite shower room and an additional bathroom.
The property further benefits from an allocated parking space. Location Leicester House was originally opened in 1903 as nurses accommodation to the Norfolk & Norwich hospital.
Set within the ever-popular Fellowes Plain development, this area is ideally suited to enjoy all the benefits that Norwich City Centre and the Golden Triangle has to offer with a wealth of amenities on the doorstep including, cafe's, bars, restaurants, parks, schools and a range of independent retailers and larger shops within easy reach.
Buyers With no onward chain, and set on the ground floor this home represents an ideal opportunity for any first time buyer, downsizer or investor looking to benefit from the spacious accommodation and convenient setting.
Our Agents View "Leicester House is a stunning building, with this apartment benefitting from high ceilings and an abundance of light.
The setting is ideal for any buyer looking to enjoy the benefits of living centrally, whilst retaining excellent transport links to the wider county and beyond" Guide price £200,000 - £220,000
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
Agent & docs
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FAQ
About 5 Leicester House, Thomas Wyatt Close, Norwich
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