2-bedroom flat · NR1 3QZ
For saleReduced £35k (−20%) on 21 JunListed 281 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 offer this two bedroom, ground floor flat situated to the south of Norwich within walking distance to the city centre.
Accommodation comprising lounge/diner, kitchen, two bedrooms and a bathroom. Outside there are lawned communal gardens and residents permit parking.
The flat benefits from double glazing, gas heating, A long lease and is offered with no onward chain.
The property would make a great first time purchase or buy-to-let investment so be quick to book a viewing.
Location Situated to the south of the city centre with all the amenities the city offers including restaurants, bars, coffee shops plus extensive shopping and good access to both the University of East Anglia and Norfolk & Norwich University Hospital, A11, A47 southern by-pass and local schooling for all ages.
Sainsbury's superstore, other Locals shops and popular pubs are also close by.
Accommodation Comprises Front door to: Lounge/Diner (5.86 x 3.88 (19'2" x 12'8")) Two double glazed windows, radiator, storage cupboard.
Kitchen (5.05 x 1.70 (16'6" x 5'6")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge/freezer and washing machine, double glazed window.
Bedroom One (4.64 x 2.59 (15'2" x 8'5")) Double glazed window, radiator. Bedroom Two (3.93 x 2.74 (12'10" x 8'11")) Double glazed window, radiator, built in wardrobe.
Bathroom Panelled bath with shower over, low level WC, hand wash basin, radiator, frosted double glazed window. Outside Lawned communal gardens, storage shed and residents permit parking.
Local Authority Norwich City Council, Tax Band A. Tenure Tenure – Leasehold – Term 125 years from 12 December 2016.
Please note ground rent is £10 per annum and service/maintenance charges are £299.58 per annum For further information, please contact the office. Utilities Fibre to the cabinet 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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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 42, Regina Road, Norwich
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