1-bedroom flat · NR1 1BP
For saleReduced £10k (−9.1%) on 14 AugListed 235 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This impressive second floor over 55s retirement apartment offers a spacious double bedroom with built-in wardrobes.
The accommodation is designed for both comfort and convenience, featuring a secure intercom entry system leading to a welcoming communal residents' lounge.
A lift and staircase provide easy access to the second floor, where the private entrance hall is what greets you from the communal hallway.
The heart of the home is the impressive lounge/diner creating a perfect space for relaxation and entertaining.
The adjoining kitchen is fitted with wall and base units and electric hob, oven and grill. Double glazing and Economy 7 heating ensure warmth and efficiency throughout.
Residents benefit from two secure gated car parks, beautifully landscaped communal gardens and a range of on site facilities, including a guest suite, laundry facilities, emergency red cord system for assistance and an on site manager for added peace of mind.
This exceptional apartment combines stunning river views with practical amenities and is within very close proximity to Norwich Train Station, making it an ideal home in a sought after location.
Location The wonderful City of Norwich is set in the heart of East Anglia and has everything you would desire in a vibrant regional capital, including wonderful shopping facilities with two shopping malls including Chantry Place, and a wide range of independent boutique shops in the picturesque Norwich lanes area.
There is a fantastic selection of restaurants, bars, coffee shops, a dynamic nightlife which caters for all age groups, and the Theatre Royal is one of the country's oldest established theatres.
The City is the most complete medieval city in the United Kingdom, including cobbled streets such as Elm Hill, Timber Hill and the Tombland area.
Many ancient buildings including St Andrews Hall, two Cathedrals and Norwich Castle are at the heart of the City.
The River Wensum flows throughout the city with various pubs located along the river and with boat hire available from several locations.
There are excellent transport links with Norwich train station providing a regular mainline service into London Liverpool Street, Cambridge and towards the coast.
Norwich International Airport is also situated only 4 miles North of the city centre. Norwich has two Universities including the University of East Anglia and Norwich University of The Arts.
There are fantastic schools and colleges around the City and suburbs.
Norfolk itself is arguably most famous for its man made broads, a national park with over 125 miles of waterways set in beautiful countryside surrounded with charming and picturesque towns and villages with Wroxham, the capital of the broads, approximately 8 miles from the centre of Norwich.
Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
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 36 Riverway Court, Recorder Road, Norwich
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