1-bedroom flat · NR3 1EU
For saleListed 6 days
Opportunity summary
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About
**renovated flat with off road parking** Gilson Bailey are delighted to offer this beautifully renovated and stylishly presented, one bedroom first floor flat, ideally positioned within the highly sought-after NR3 area of Norwich and offered with the significant advantage of no onward chain.
Having undergone recent improvements, including new carpets, a modern fitted kitchen and contemporary bathroom, this attractive property offers comfortable and well-planned accommodation that is ready for its new owner to move straight into and enjoy.
The accommodation comprises a welcoming entrance hall, bright and inviting lounge, modern kitchen, generously sized bedroom and stylish bathroom.
Outside, the property benefits from the increasingly valuable advantage of one off-road parking space to the rear, providing added convenience.
Further benefits include double glazing, gas heating and a long lease, making this an appealing and practical purchase.
Combining recent renovation, excellent presentation, private parking and a desirable NR3 location, this fantastic chain-free flat would make an ideal first-time purchase or excellent buy-to-let investment, so be quick to book a viewing.
Location Nicholas Court is situated close by to many local amenities including schooling, popular local shops, parks, pubs, restaurants and supermarkets and has great public transport links to and from the City centre .
There is ease of access to the Norwich Ring Road, Norwich International Airport and the ndr. Accommodation Comprises Front door to: Entrance Hall Doors to lounge, kitchen, bedroom and bathroom.
Lounge (4.06 x 2.79 (13'3" x 9'1")) Double glazed window, radiator.
Kitchen (2.41 x 1.97 (7'10" x 6'5")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, fridge and washing machine, double glazed window.
Bedroom (3.39 x 2.37 (11'1" x 7'9")) Double glazed window, radiator, built in wardrobe.
Bathroom (2.00 x 1.84 (6'6" x 6'0")) Panelled bath, low level WC, hand wash basin, radiator, frosted double glazed window. Outside Off road parking space to the rear.
Local Authority Norwich City Council, Tax Band A. Tenure Leasehold – 999 years beginning on 1 February 2013. Please note service/maintenance charges are £1147 per annum and ground rent is N/A.
For further information, please contact the office. Utilities Fibre to the property, Mains gas, water and electric.
Disclaimer To comply with Anti-Money Laundering (aml) regulations, successful buyers must complete the required aml checks and provide proof of funds.
A non-refundable fee of £60 including VAT is payable per purchaser, per transaction, including any individuals contributing or gifting funds towards the purchase.
Fees are payable for up to a maximum of two purchasers, for the transaction, any additional parties checks will be covered by these fees.
This fee must be paid directly to Gilson Bailey & Partners Ltd. All required checks must be completed before a memorandum of sale can be issued.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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