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See how verdicts work2-bedroom flat · NR4 6LG
Listing removedReduced £5k (−3%) on 18 JulListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** rarely available two bedroom, flat with driveway for multiple cars** The property comprises an entrance hall leading to a bright, dual-aspect lounge and a well-appointed fitted kitchen with space for appliances.
To the first floor, there are two generous double bedrooms served by a family bathroom.
Externally, the home enjoys an enclosed rear garden arranged over attractive tiered levels, along with a useful brick-built storage area to the side.
Additional benefits include double glazing and built-in storage throughout. Location: Entrance Hall: Stairs rise to the first floor landing, and radiator.
Landing: Providing access to all rooms, featuring a loft hatch, built-in storage cupboard, airing cupboard, radiator, fitted carpet, and a double-glazed window to the side aspect.
Kitchen: (2.57 x 2.20 (8'5" x 7'2")) Fitted with a range of wall and base units complemented by laminate work surfaces.
Includes an integrated electric oven with ceramic hob, inset one-and-a-half bowl metal sink with mixer tap and drainer, tiled splashbacks, space and plumbing for a washing machine, and space for a fridge-freezer.
Double-glazed window overlooking the rear garden and laminate flooring.
Lounge: A bright and comfortable reception room with double-glazed windows to the front and side aspects, allowing for plenty of natural light. With solid oak flooring and radiator.
Bedroom One: (3.81 x 3.29 (12'5" x 10'9")) A spacious double bedroom benefiting from a built-in double wardrobe, double-glazed window to the front aspect, coving with solid oak flooring and radiator.
Bedroom Two: (3.28 x 3.09 (10'9" x 10'1")) A further well-proportioned double bedroom with a double-glazed window to the rear aspect, coving, with solid oak flooring and radiator.
Bathroom: Comprising a panel-enclosed bath with shower over and tiled surround, low-level WC, and pedestal wash hand basin with tiled splashback.
Additional features include a double-glazed window to the rear aspect, extractor fan, part-tiled walls, laminate flooring, coving, and radiator.
Outside: To the front, a generous lawned garden is complemented by off-road parking for several vehicles, accessed via double gates.
The enclosed rear garden is predominantly laid to lawn and arranged over attractive staggered tiers, offering excellent potential for landscaping and outdoor enjoyment.
To the side of the property is a useful brick-built storage area. Utilities: Full fibre broadband available. Mains gas, water and electric.
Tenure: Leasehold Term: 125 years from 03 December 2001 Ground rent: £10 pa Service charge: £253 pa Local Authority; Norwich City Council - Tax Band A 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
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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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
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FAQ
About 7, Locksley Road, Norwich
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