1-bedroom flat · NR3 1JX
To rentReduced £25 (−2.9%) on 14 OctListed 69 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first floor flat within walking distance of Norwich City Centre and Tombland. Central heating is by gas fired boiler and radiators. UPVC double glazed windows.
The property comprises:- Ground Floor: Communal entrance (intercom system). First Floor: HALL - 2 storage cupboards, radiator.
LOUNGE/DINER - 2.29am x 4.8m, radaitor, Tv point, telephone point (round table with 3 chairs).
KITCHEN - 1.6m x 3.22m - (wall and base units, stainless steel sink unit, built-in oven and hob, extractor hood, plumbing for washing machine, space for fridge, boiler unit) BEDROOM (Double) - 2.91m x 3.47m, radiator (double pine bed frame, 2 wardrobes).
BATHROOM - panel bath, low level wc, pedestal basin, radiator. Outside: Secured parking space.
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 St. Simon Court, Waggon & Horses Lane,Norwich,NR3
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