2-bedroom flat · NR4 7BY
For saleReduced £10k (−6.3%) on 23 SepListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** no onward chain ground floor flat with garden ** Gilson Bailey are delighted to offer this superb 2 bedroom ground floor flat, situated in a highly sought-after area, ideally placed for Eaton Park, the University of East Anglia, Norfolk & Norwich Hospital and Colney Research Park.
Accommodation comprises an entrance hall, study/utility room, lounge, fitted kitchen, two double bedrooms and a bathroom.
Further benefits include gas central heating, uPVC double glazing, an enclosed private rear garden, and outbuilding.
The property is a ideal purchase for first-time buyers, downsizers or investors an early viewing is highly recommended.
Location Providing good access to and from the City centre with ease of access to both the University of East Anglia and Norfolk and Norwich University Hospital.
Local amenities include schooling, popular local shops, supermarkets, pubs and restaurants. Accommodation Comprises Door to Hall Doors to all rooms and storage/utility room.
Storage/Utility (2.02 x 1.53 (6'7" x 5'0" )) Double glazed window space for fridge freezer Kitchen (2.50 x 2.17 (8'2" x 7'1" )) Double glazed window, fitted wall and base units, space for utilises, cooker, single sink and drainer Bathroom Frosted window, low level WC, wash basin, bath with shower over.
Bedroom One (3.86 x 3.30 (12'7" x 10'9" )) Double glazed window Bedroom Two (3.32 x 2.60 (10'10" x 8'6" )) Double glazed window, built in cupboard Lounge (3.32 x 3.02 (10'10" x 9'10" )) Doors to garden, tv point.
Outside Enclosed garden by timber fencing, mainly lawned and patio. Outside storage shed.
Local Authority Norwich City Council - Tax Band A Tenure Leasehold Term: 125 years from 17 April 2020 Service Charge: £235.30 Ground Rent: £10pa Utilities Full fibre broadband available.
Mains gas, water and electric.
Value & comps
No previous sales on record.
Returns
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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 30, Pettus Road, Norwich
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