1-bedroom flat · NR3 3HP
For saleReduced £20k (−10%) on 18 SepListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to investors only, this fantastic opportunity comprises a ground floor shop unit with a one bedroom flat situated directly above, occupying a prominent position in the ever popular NR3 area of Norwich.
The ground floor commercial accommodation comprises a main shop area with adjoining cloakroom, a further central room, adjoining front room, kitchen area and additional cloakroom.
The shop also benefits from a rear, non-bisected courtyard, providing useful external space.
The first floor flat has its own private entrance at ground floor level, with the first floor landing providing access to a double bedroom, shower room, lounge and adjoining kitchen.
The flat is currently tenanted, with the existing tenant wishing to remain in occupation and currently paying £700 per calendar month, making this an attractive proposition for investors seeking an immediate rental income.
The shop unit is currently vacant and, if not retained as a commercial premises, may offer potential for conversion into a further residential flat, subject to obtaining the necessary planning permissions and consents.
The property is ideally situated within the sought after NR3 area, close to a wide range of local amenities and within walking distance of Norwich City centre.
This versatile property offers investors the opportunity to acquire a mixed use investment with further potential for development, subject to the relevant planning permissions.
Location Angel Road is situated within the popular NR3 North City area of Norwich, a well established and predominantly residential location known for its calm and community focused setting.
The area offers a good balance of convenience and tranquillity, with a variety of everyday amenities close at hand.
Residents benefit from nearby local shops, supermarkets, and services, as well as access to schools for a range of age groups, making it particularly appealing for families and those seeking a practical yet comfortable place to live.
The road is well connected, with regular bus routes running into Norwich City centre, allowing for straightforward travel without the need for a car.
For those who do drive, the City centre is only a short journey away, providing easy access to Norwich's wider range of retail, dining, and entertainment options.
Norwich train station can also be reached within a reasonable distance, offering links to London and other regional destinations.
The surrounding area is characterised by a mix of residential properties and green spaces, contributing to its relaxed and welcoming feel.
Nearby parks and open spaces provide opportunities for outdoor recreation, walking, and leisure, adding to the overall appeal of the location.
In addition, the local area benefits from its proximity to the northern outskirts of Norwich, giving residents relatively easy access to the surrounding Norfolk countryside.
This provides the advantage of enjoying quieter, suburban living while still being within convenient reach of both the city and more rural landscapes.
Agents Note - Anti Money Laundering By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously.
In line with hmrc guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf.
Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically.
A non-refundable fee of £45+ VAT per person will apply for these checks, and Coadjute will handle the payment for this service.
These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.
What3words /// expect.season.august Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
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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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 advisors 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 2a, Angel Road, Norwich
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