We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · NR3 3AE
For saleListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***GUDIE PRICE £170,000 - £180,000*** **NO ONWARD CHAIN** Gilson Bailey are delighted to offer this, TWO bedroom, ex-local authority, GROUND floor flat.
The property is within walking distance of the city centre with accommodation comprising TWO DOUBLE BEDROOMS, BATHROOM, LOUNGE/DINING AREA and FITTED KITCHEN.
The property benefits from uPVC double glazing and gas central heating. Outside there are well maintained communal grounds and permit parking available.
The property would make an excellent first time purchase or buy-to-let investment.
Location - The Cathedral 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 Norwich lanes.
There is a wide array 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 Tombland, with ancient buildings including St Andrews Hall, two Cathedrals and Norwich Castle.
The River Wensum flows throughout the city with various pubs located along the river and with boat hire available.
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 from the city centre. The city 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.
Accommodation Comprises - Door to Entrance Hall - Communal entrance lobby.
Living Room - 4.40 x 3.30 (14'5" x 10'9") - Large living room with big front aspect window which allows much natural light in providing the room with a bright and welcoming feel.
Built in storage cupboard, BT point, radiator. Kitchen - 2.60 x 2.10 (8'6" x 6'10") - Modern kitchen with ample storage and work surface.
Appliances include electric cooker, cooker hood, dishwasher, washing machine and fridge/freezer.
Bedroom One - 3.60 x 3.0 (11'9" x 9'10") - Double bedroom, rear aspect window overlooking the gardens, radiator.
Bedroom Two - 3.90 x 2.60 (12'9" x 8'6") - Second double bedroom, front aspect window, radiator. Bathroom - Modern white suite comprising bath with shower over, WC and wash basin.
Frosted window, radiator. Outside - Well maintained communal gardens. Brick build secure private store. Parking - On street permit parking.
Tenure - Leasehold Term: 125 years from 14 September 1998 Service Charge: £295pa Ground Rent: £10pa Utilities - Full fibre broadband available. Mains gas, water and electric.
Local Authority - Norwich City Council - Tax Band A
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
FAQ
About Oak Street, Norwich
Explore nearby