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See how verdicts work2-bedroom flat · NR8 5EJ
For saleReduced £5k (−3.4%) on 25 SepListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Solario Road, Costessey, Norfolk, Nr8 5Ej Yieldit are delighted to present this well-positioned two-bedroom, two-bathroom ground floor apartment on Solario Road.
An attractive opportunity for investors looking for a ready-made buy-to-let investment.
The property benefits from allocated parking and a tenant already in situ, providing the purchaser with rental income from completion and removing the uncertainty and potential costs associated with finding a new tenant.
The apartment offers a practical layout with two bedrooms and two bathrooms, making it particularly appealing to professional tenants, couples and sharers.
Being on the ground floor and benefiting from parking adds further convenience and broadens its appeal within the local rental market.
Costessey is an increasingly popular residential area on the western side of Norwich, offering the benefits of living close to the city while retaining a quieter suburban setting.
Its proximity to Norwich provides access to a wide range of employment opportunities, shopping, leisure facilities, schools and transport links, while the surrounding residential developments and amenities help support consistent demand for rental accommodation.
The location also benefits from being within easy reach of the A47 and Norwich's wider road network, making it convenient for commuters travelling across Norfolk and towards Norwich, while Norwich city centre and the wider employment hubs are readily accessible.
This combination of connectivity, amenities and proximity to a major regional city makes Costessey an appealing location for both owner-occupiers and tenants.
Financial Breakdown Gross Rent: £11,940.00 Net income: £9,770.00 Gross yield: 8.23% Net yield: 6.74% Please contact agent for full financial breakdown.
Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract.
Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-08622
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
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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 59, Solario Road, Norfolk
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