Studio flat · NR1 3BQ
Let agreedListed 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GILSON BAILEY LETTINGS this newly re-furbished FIRST FLOOR STUDIO apartment situated close to local shop and within easy reach of the city, bus and train stations.
The property benefits from a secure communal hallway, private entrance hall, main living room with patio doors to private balcony, kitchen area with appliances, bathroom with shower over the bath, permit parking, Council Tax Band A.
EPC Rating C Entrance Hall (First Floor) Secure communal entrance lobby. Private entrance hall, coats hanging space.
Living Area (First Floor) 4.10m ( 13'6'') x 3.80m ( 12'6'') Large main living room, door to private balcony, double aspect windows which allow much natural light in, built in wardrobes, gas heater.
Opens to kitchen area. Kitchen Area (First Floor) Modern kitchen area with ample storage and work surface. Appliances include electric induction hob, oven, fridge/freezer and washing machine.
Balcony (First Floor) Private balcony overlooking the communal gardens. Bathroom (First Floor) Suite comprising of a bath with shower over, WC and wash basin.
Heated towel rail, frosted window. Communal Gardens Well maintained communal gardens for residents use and enjoyment. Parking On street permit parking.
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.
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.
Agents 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
We're still gathering serviced-accommodation data for this area.
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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 Cricket Ground Road, Norwich , Norfolk
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