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See how verdicts work3-bedroom flat · NR1 2GA
Listing removedListed 338 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION - £146,000 An impressive third floor apartment in a highly sought after riverside location This 2/3 bedroom loft style, top floor apartment is excellently situated being within the popular riverside development area.
The property includes a large open plan living room/kitchen, two bedrooms, a main bathroom on the principal level and an occasional third bedroom or study on the upper floor.
The property has allocated parking and is ideally located only a short walk from both Norwich city centre, the Riverside Leisure complex and the main train station.
Excellent for investment or owner occupation.
Accommodation Hall, open plan lounge/kitchen, two bedrooms, two bathrooms Upper floor study/occasional third bedroom Outside Communal gardens allocated parking space.
Lease details Term: 125 years from 1 January 2007 (107 years remaining) Annual ground rent: £150 Annual service charge: £3,110 Council Tax Band C Viewings Viewings by arrangement and the next are on Monday 8 December.
To book an appointment please call the Norwich office. Tenure: Leasehold EPC Rating: C Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £900 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 18 Priory View, Paper Mill Yard, Norwich, Norfolk NR1 2GA
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