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See how verdicts work2-bedroom flat · NR6 5EA
Listing removedReduced £5k (−4%) on 23 MarListed 274 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**offered with no onward chain** Gilson Bailey are delighted to present this two-bedroom first-floor flat, conveniently located to the west of Norwich.
The accommodation comprises an entrance hall, a bright lounge/diner, fitted kitchen, two bedrooms and a shower room.
Externally, the property benefits from well-maintained communal gardens and on-street parking. Further features include double glazing, gas central heating and the advantage of no onward chain.
An ideal opportunity for first-time buyers or investors alike, early viewing is highly recommended.
Location Lusher Rise can be found to the west of Norwich with a selection of amenities including good primary and secondary schooling, selection of shops, popular local pubs and restaurants, also good access to the University of East Anglia, University Hospital, A47 Southern Bypass and good public transport links in and out of the city centre.
Accommodation Comprises Front door to: Entrance Hall Doors to lounge/diner, kitchen, two bedrooms and shower room. Lounge/Diner (6.30 x 3.28 (20'8" x 10'9")) Two double glazed windows, two radiators.
Kitchen (3.17 x 2.23 (10'4" x 7'3")) Fitted wall and base units with worktops over, sink and drainer, space for cooker, washing machine and fridge, double glazed window, cupboard.
Bedroom One (3.56 x 2.99 (11'8" x 9'9")) Double glazed window, radiator. Bedroom Two (2.93 x 2.18 (9'7" x 7'1")) Double glazed window, radiator.
Shower Room (1.75 x 1.68 (5'8" x 5'6")) Walk-in shower, low level WC, hand wash basin, heated towel rail, frosted double glazed window. Outside On-street parking, storage shed and communal gardens.
Local Authority Norwich City Council, Tax Band A. Tenure Leasehold – Term 125 years from 15 November 1999.
Please note ground rent is £10 per annum and service/maintenance charges is £449.03 per annum. For further information, please contact the office. Utilities Full fibre broadband available.
Mains gas, water and electric.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 50, Lusher Rise, Norwich
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