2-bedroom flat · NR1 1TS
To rentListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gilson bailey lettings are pleased to offer this two bedroom, two bathroom second floor executive apartment situated in the desirable Riverside development within a short walk of the station, cinema, restaurants and pubs with the city centre also close by.
The accommodation comprises of an secure entrance lobby, private entrance hall with storage, large living room with Juliet balcony, kitchen breakfast room with all appliances, master bedroom with en-suite shower room, second double bedroom also with built in wardrobe, newly re-furbished main bathroom with shower over the bath, communal garden, secure covered parking, gas central heating, double glazing, unfurnished.
Council Tax Band C ** Entrance Hall: Private entrance hall accessed via secure communal entrance lobby. Two built in storage cupboards. Video entryphone, radiator.
Living Room - 4.40m ( 14'6'') x 4.00m ( 13'2''): Living room with glazed double doors opening to Juliet balcony which also allows much daylight into the room. TV / BT / Sat points, radiator.
Opens to kitchen. Kitchen Breakfast Room - 4.00m ( 13'2'') x 3.20m ( 10'6''): Fitted modern kitchen with ample storage and work surface.
Appliances include electric hob, oven, cooker hood, dishwasher, fridge/freezer, washer / dryer. Dining area. Glazed double doors to Juliet balcony.
Bedroom 1 - 3.40m ( 11'2'') x 2.60m ( 8'7''): Master bedroom with rear aspect window, built in double wardrobe, TV / BT points, radiator, door to en-suite Bedroom 1 en-suite: Modern white shower suite comprising shower cubicle with thermostatic shower, WC and wash basin.
Extensively tiled walls, frosted window, radiator. Bedroom 2 - 3.20m ( 10'6'') x 3.10m ( 10'3''): Second double bedroom, front aspect window, built in wardrobe, BT / TV points, radiator.
Main Bathroom: Modern white luxury bathroom suite comprising bath with shower over, WC and wash basin. Extensively tiled walls, heated towel rail. Outside: Communal areas and gardens.
Secure cycle store. Parking: One allocated parking space accessed via secure remote automated gates.
Agent Note: The tenants are in residence so these details and photos are only an indication of the property and some remedial work may be in progress.
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 East Bank, Wherry Road Norwich Norfolk
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