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See how verdicts work2-bedroom flat · NR12 7JA
For saleReduced £5k (−4%) on 24 SepListed 206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Addison Close in Coltishall is a twobedroom leasehold firstfloor flat that benefits from its own private entrance.
The flat has a straightforward and practical layout, with all rooms leading off the main hallway. It would benefit from cosmetic updating throughout but offers good potential for improvement.
Addison Close, Coltishall, is a twobedroom leasehold firstfloor flat situated in a quiet residential culdesac.
The property has its own private entrance, with stairs leading up to the hallway on the first floor where all accommodation is accessed.
The lounge sits to the front of the property and enjoys natural light from a frontfacing window.
The kitchen is positioned to the rear and is fitted with a range of base and wall units, along with plumbing and space for utilities, and a window overlooking the rear aspect.
Off the hallway there is also a useful utility or store room providing additional convenience.
Both bedrooms are wellproportioned, with the first bedroom positioned to the front and the second to the rear. The family bathroom includes a bath with a shower over, a WC and a wash basin.
The flat would benefit from cosmetic updating throughout, giving a buyer the opportunity to improve and personalise the accommodation to their own taste.
Coltishall is a highly desirable Broadland village known for its riverside setting, local shops, pubs, and welcoming community feel.
Addison Close is located within easy reach of the village centre while remaining tucked away in a peaceful residential area.
The River Bure and the Norfolk Broads are close by, and the neighbouring village of Wroxham offers further amenities.
Norwich city centre is approximately a 20minute drive away, making Coltishall a convenient and wellconnected place to live.
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
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FAQ
About 19, Addison Close, Norwich
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