1-bedroom flat · NR1 1FW
For saleReduced £10k (−10%) on 8 OctListed 92 days
Opportunity summary
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About
City living made easy, this immaculate 75% shared ownership studio places Norwich's vibrant Riverside quarter and train station almost on your doorstep.
Beautifully presented throughout, the apartment offers a bright and versatile open-plan living and sleeping space designed to maximise comfort and practicality.
A modern fitted kitchen, complete with white goods, and a spacious contemporary shower room provide everything needed for everyday living.
The property also benefits from useful built-in storage, secure key fob entry, well-maintained communal areas and the added advantage of secure underground residents' parking.
Despite its convenient central location, the apartment enjoys a surprisingly quiet setting within the popular St Anne's Quarter development.
The Location Austin House enjoys a prime position on King Street, one of Norwich's most historic and characterful locations, placing residents within easy reach of everything the city has to offer.
Rich in heritage and atmosphere, the area is home to a variety of independent cafés, restaurants, pubs and boutique shops, whilst also benefiting from excellent access to Norwich's vibrant city centre.
One of the property's key advantages is its proximity to the popular Riverside development, located just a short walk away.
Here, residents can enjoy an excellent range of leisure facilities including a cinema, gyms, riverside bars, cafés and a wide selection of restaurants, making it a fantastic destination for socialising and entertainment throughout the year.
The nearby city centre offers an abundance of shopping opportunities, from the historic Norwich Market and independent retailers of Elm Hill and the Norwich Lanes to well-known high street brands found within Chantry Place and Castle Quarter.
The area is also renowned for its rich cultural offering, with theatres, galleries, museums and Norwich Cathedral all within comfortable walking distance.
For those who enjoy the outdoors, attractive riverside walks can be accessed almost immediately from the property, providing scenic routes through the city and beyond.
The nearby River Wensum adds to the appeal of the location and offers a pleasant contrast to city living.
The property is exceptionally well positioned for commuters, with Norwich Railway Station approximately 0.3 miles away, providing direct services to London Liverpool Street, Cambridge and a range of regional destinations.
Road users are equally well served, with convenient access to the A47 Southern Bypass and A11, connecting Norwich to wider Norfolk, Suffolk, Cambridge and beyond.
Austin House, Norwich Perfect for first-time buyers, this immaculately presented first-floor studio apartment offers a stylish and convenient city lifestyle within the popular St Anne's Quarter development.
Available on a 75% shared ownership basis, the property presents an excellent opportunity to step onto the property ladder in a sought-after Norwich location, combining modern living with superb access to local amenities.
Upon entering, a generous entrance hall creates a welcoming first impression while providing useful built-in storage, helping to maximise the available space.
The apartment has been thoughtfully designed to offer both comfort and practicality, with a bright and versatile open-plan living and sleeping area that can easily be tailored to suit individual lifestyles and requirements.
The modern fitted kitchen provides a functional and attractive space for everyday living, with the added benefit of white goods included, including a washing machine and fridge/freezer.
Complementing the accommodation is a spacious contemporary shower room, finished to a high standard and offering excellent functionality.
Residents benefit from secure key fob entry to the building, providing additional peace of mind, while the communal areas are well maintained and regularly cared for.
Despite its central location, the apartment enjoys a pleasant and surprisingly quiet setting, creating a comfortable retreat from the bustle of city life.
A particular advantage of the property is the inclusion of a secure underground residents' parking space, accessed via an e-permit system.
The current e-permit is linked to the apartment until 2028, at which point the new owner would be required to reapply, providing valuable off-road parking in a highly desirable city-centre location.
Agent’s Note This property will be sold leasehold with approximately 120 years remaining on the lease.
Ownership: 75% Shared Ownership Monthly Rent Payable to Orbit Housing Association: £95.39 Monthly Service Charge: £120.62 The property further benefits from a secure underground residents' parking space operated via an e-permit system.
The current permit is linked to the apartment until 2028, after which a new application would be required by the purchaser.
Please note that as this is a shared ownership property, purchasers will be required to meet Orbit Housing's eligibility criteria and complete the necessary approval process prior to purchase.
EPC Rating: B Disclaimer Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client.
We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract.
To comply with aml regulations, £52 is charged to each buyer which covers the cost of the digital id check.
It’s recommended to verify leasehold charges provided by the seller through legal representation.
All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively.
It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents.
Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 6 Austin House King Street, Norwich
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