2-bedroom flat · NR2 2TJ
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a popular residential location in Norwich, this well-presented two-bedroom first-floor apartment offers comfortable and practical living, making it an excellent opportunity for first-time buyers, couples, or those looking to step onto the property ladder.
The property features a welcoming living and dining area, a fitted kitchen, two well-proportioned bedrooms, and a family bathroom.
The first-floor position offers a comfortable and private setting with easy access.
Available on a 50% shared ownership basis, this property provides an affordable route to homeownership, with the opportunity to purchase additional shares in the future where eligible and subject to the scheme terms.
A local connection to the Norwich City Council area is required. Applicants will need to meet the relevant local connection criteria as part of the eligibility assessment.
Monthly costs based on the 50% share include rent of £293.64.
Additional monthly charges include service charge of £21.72, admin fee of £6.47, buildings insurance of £20.46, sinking fund contribution of £11.16, and third-party management fee of £10.76.
Ideally located for Norwich city centre, local shops, cafés, restaurants, green spaces, and transport links, this apartment offers a great balance of convenience and affordability.
An excellent opportunity for an eligible buyer with a Norwich City Council local connection to secure a two-bedroom home through shared ownership.
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
FAQ
About Wessex St, Norwich
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