We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom detached house · NR6 5HS
Listing removedListed 375 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** RENOVATED OVER 55'S DETACHED BUNGALOW OFFERED WITH NO ONWARD CHAIN ** Tucked away in the ever-popular suburb of Hellesdon, this beautifully presented two-bedroom detached bungalow for the over 55s offers the perfect blend of comfort, convenience and community.
From the moment you step inside, you’ll be greeted by a bright and welcoming lounge/diner, a modern fitted kitchen, shower room and two well-proportioned bedrooms, all finished to a lovely standard throughout.
Outside, enjoy the peace and beauty of the immaculately maintained communal gardens, with off-road parking available on a first-come, first-served basis.
With double glazing, new carpets, electric heating, and no onward chain, this delightful home is ideal for those seeking to downsize without compromise – a wonderful opportunity to enjoy relaxed, low-maintenance living in one of Norwich’s most desirable areas.
Location - Hellesdon is a popular suburb to the north west of Norwich and offers a good selection of amenities including schooling for all ages, popular shops, pubs and restaurants with excellent public transport links to and from the City Centre.
There is ease of access to Norwich International Airport, NDR with links to the North Norfolk coastline and neighbouring villages of Horsford, Drayton and Taverham.
Accommodation Comprises - Front door to: Entrance Hall - Doors to lounge/diner, two bedrooms and shower room. Lounge/Diner - 5.44 x 3.17 (17'10" x 10'4") - Double glazed window, two electric heaters.
Kitchen - 2.93 x 2.22 (9'7" x 7'3") - Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge/freezer and washing machine, two double glazed windows.
Bedroom One - 4.46 x 2.64 (14'7" x 8'7") - Double glazed window, electric heater, fitted wardrobes. Bedroom Two - 3.49 x 1.82 (11'5" x 5'11") - Double glazed window, electric heater.
Shower Room - 2.45 x 1.46 (8'0" x 4'9") - Walk-in shower, low level WC, hand wash basin, heated towel rail, frosted double glazed window.
Outside - Well maintained communal garden and a car park on a first come first serve basis. Local Authority - Broadland District Council, Tax Band B.
Tenure - Leasehold – 125 years from 1 October 1986. Please note ground rent is £270 per annum and service/maintenance charges are £2575.89 per annum.
For further information, please contact the office. Utilities - Full fibre broadband available. Mains 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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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 Merchant Way, Hellesdon
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