2-bedroom flat · NR1 4PB
For saleReduced £5k (−2.9%) on 19 SepListed 345 days
Opportunity summary
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About
In summary Occupying a tucked away positioning, this first floor flat is situated surrounded with green space and within walking distance to the city centre and Norwich train station, with service charges at a very reasonable £400 per annum.
Stepping inside, the hallway entrance offers space for outdoor wear, whilst doors give way to all the accommodation including a 16’ sitting room, enjoying views overlooking the green space and opening to the spacious balcony, perfect for enjoying the summer months.
The fully fitted kitchen boasts space for dining and a useful pantry cupboard.
The inner hallway leads to two double bedrooms, the main bedroom offers a separate access to the balcony and both rooms include integrated wardrobe space.
Serviced by the family bathroom, offering a three piece suite including a shower over the bath.
Stepping outside, ample communal off-street parking is available, whilst the property includes a bicycle shed.
Setting the scene The property can be found set back from the road with a communal entrance leading up one flight of stairs to the main entrance.
The grand tour Stepping inside, the hallway entrance offers ample room for storing outdoor wear with doors opening to all the accommodation.
Immediately ahead, the fully fitted kitchen offers a range of wall and base storage cupboards with uPVC double glazed windows ensuring the room is flooded with natural light.
Ample room is available for dining and a useful pantry cupboard can be found to the corner. Undercounter space is also available for a washing machine.
Adjacent, a door opens to the 16’ sitting room, offering carpeted flooring underfoot with ample room for soft furnishings and storage furniture with a French door leading up to balcony space overlooking Lion Wood nature reserve, perfect for enjoying the warmer months.
Stepping into the inner hallway, a useful airing cupboard and double storage cupboard can be found whilst doors open to two bedrooms.
The main bedroom offers further carpeted flooring, generous integrated wardrobe space with windows and a further door allowing access out to the balcony.
The second double bedroom also enjoys integrated wardrobe space with plenty of room for a large double bed.
Completing the accommodation, the family bathroom includes a three piece suite with a shower over the bath.
Find us Postcode : NR1 4PB What3Words : ///pushed.voice.nodded Virtual tour View our virtual tour for a full 360 degree of the interior of the property.
Agents notes This property is offered on a leasehold basis with 82 years remaining. Service charges of approximately £400 pa, ground rent of approximately £10 pa.
All furniture and appliances can be included subject to separate negotiation.
EPC Rating: C Location Located just outside the Norwich City Centre this property offers an urban retreat, whilst being far enough away from the hustle and bustle, but within convenient walking distance to the football ground, train station and Riverside complex.
A number of pubs, cafes, restaurants, cinema and bars can be found along with a fantastic shopping outlet. Easy access to main road links can be found in particular the A11 and A47.
Garden The great outdoors Ample communal off road parking is available in the vicinity, whilst to the right hand side of the building the allocated bicycle shed can be found.
The development is positioned with easy access to the city centre or strolls through the surrounding Lion Wood nature reserve.
Disclaimer Anti-Money Laundering (aml) Fee Statement: To comply with hmrc's regulations on Anti-Money Laundering (aml), we are legally required to conduct aml checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf).
The cost of anti-money laundering (aml) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with hmrc regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
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.
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About 12 William Mear Gardens, Norwich
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