2-bedroom flat · NR3 2ST
Listing removedListed 94 days · slow let
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 DOUBLE BEDROOM ground floor apartment tucked away within the ever popular NR3 district of Norwich, close to shops, local amenities and schools within easy reach of the City centre.
The accommodation comprises of a private entrance hall with storage, large living room with door to the well maintained communal gardens, fitted kitchen with appliances, generous double bedroom, second double bedroom, bathroom with shower over the bath, well maintained communal gardens, RESIDENTS PARKING , gas central heating, double glazing, Council Tax Band A, UNFURNISHED.
Entrance Hall (Ground Floor) Communal entrance lobby. Private entrance hall, two built in storage cupboards, laminate floor, doors to all rooms.
Living Room (Ground Floor) 5.00m ( 16'5'') x 3.40m ( 11'2'') Large living room with two big rear aspect windows which allow much natural light in providing the room with a bright and welcoming feel.
Laminate floor, radiator, TV point. Kitchen (Ground Floor) 2.80m ( 9'3'') x 1.80m ( 5'11'') Separate modern kitchen with ample storage and work surface.
Appliances include electric hob, oven, cooker hood, washing machine and fridge/freezer.
Bedroom 1 (Ground Floor) 4.10m ( 13'6'') x 2.60m ( 8'7'') Double bedroom, two rear aspect windows overlooking the communal gardens. Laminate floor, radiator.
Bedroom 2 (Ground Floor) 2.50m ( 8'3'') x 2.50m ( 8'3'') Second double bedroom, side aspect window, laminate floor, radiator.
Bathroom (Ground Floor) Modern white bathroom suite comprising bath with electric shower over, WC and wash basin. Extensive tiling, radiator.
Outside Well maintained mature communal gardens for residents use and enjoyment. Parking One allocated parking space. Unrestricted on street 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
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FAQ
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