3-bedroom house · NR5 8QG
Listing removedListed 75 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gilson bailey lettings are pleased to offer this well presented three double bedroom, three bathroom modern detached family house situated in this tucked away cul-de-sac location yet close by to a good range of amenities to include schooling, shops, supermarkets, pubs and restaurants.
There is good public transfer links to and from the City centre with ease of access to the Longwater Retail Park, University of East Anglia, Norwich and Norwich University Hospital, Norwich Ring Road and A47 southern bypass.
The accommodation comprises of an entrance hall, downstairs cloakroom, 20ft long living room, kitchen with integrated appliances, separate utility room, master bedroom with en-suite shower room, second double bedroom, ground floor double bedroom with en-suite shower room, family bathroom, gas central heating, double glazing, private garden, off street private parking, Council Tax Band D, unfurnished ***three bed detached home** Entrance Hall: Part glazed front door to entrance hall.
Built in storage, radiator, stairs to first floor.
Living Room - 6.30m ( 20'9'') x 3.50m ( 11'6''): Good sized 20ft long living room with glazed patio doors to garden and big front aspect window which allows much natural light in providing the room with a bright and welcoming feel.
TV / BT points, radiator. Downstairs Cloakroom : Modern white suite comprising WC and wash basin. Radiator, frosted window.
Kitchen - 4.00m ( 13'2'') x 3.00m ( 9'11''): Modern kitchen with ample storage and work surface.
Integrated appliances including electric hob, oven, cooker hood, dishwasher, washing machine and fridge / freezer. Inset spot lighting.
Utility Room - 2.10m ( 6'11'') x 1.60m ( 5'3''): Separate utility room with additional storage, work surface and sink. Door to garden.
Bedroom 1 - 4.60m ( 15'2'') x 3.40m ( 11'2''): Master bedroom, front aspect window, built in double wardrobe, radiator, door to en-suite shower room.
Bedroom 1 en-suite: Modern white suite comprising shower cubicle, WC and wash basin. Chrome heated towel rail, Velux window.
Bedroom 2 - 3.80m ( 12'6'') x 3.10m ( 10'3''): Ground floor double bedroom, rear aspect window overlooking the garden, built in double wardrobe, radiator, door to en-suite shower room.
Bedroom 2 en-suite: Modern white suite comprising shower cubicle, WC and wash basin. Radiator, frosted window.
Bedroom 3 - 3.90m ( 12'10'') x 3.30m ( 10'10''): Third double bedroom, built in wardrobe, front aspect window, radiator. Bathroom: Bathroom suite in white comprising bath, WC and wash basin.
Chrome heated towel rail, Velux window. Garden: Fully enclosed private garden, small patio area large lawn area. Timber shed. Parking: Two private off street parking spaces.
Agents Note: The tenants may still be in residence so these details and photos are only an indication of the property and there could be some requirement for remedial work before the start of a new tenancy.
Agent Note: The tenants may still be in residence so these details and photos are only an indication of the property and there could be some requirement for remedial work before the start of a new tenancy.
Agents Note There may be Furniture/furnishings along with white goods in the property when viewing that are not included in the tenancy . Please contact the office for further details.
Agent Note: Due to high demands, there may be multiple viewings at the same time and cannot guarantee a solo viewing at any one time.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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
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FAQ
About The Loke, Dereham Road, Norwich
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