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See how verdicts work2-bedroom bungalow · NR6 5HS
Listing removedListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In summary No chain!
This semi-detached bungalow is set within a highly sought-after over 55’s development, offering a multitude of benefits for residents including a site warden, emergency pull chord in multiple rooms, communal gardens and parking, a laundry room and guest suite.
The property has been recently updated and improved including redecoration and new panel heaters.
The fully fitted kitchen includes newly fitted integrated appliances, adjacent the 16’ sitting room boasts a light filled dual aspect with ample room for dining.
Additionally, two bedrooms open from the hallway entrance, with the main bedroom including fitted wardrobes, complimented by a wet room style three piece shower room.
Setting the scene The property can be found set back from the road, enjoying a generous corner plot with well maintained laid lawn wrapping around the property.
To the front, a walkway leads to the main entrance under an open porch.
The grand tour Stepping inside, the light and bright hallway entrance features hard flooring underfoot for ease of maintenance and capacious twin integrated cupboards, providing ample storage space for outdoor wear.
To the left, you are greeted by the fully fitted kitchen, offering a contemporary feel.
It includes a range of wall and base units, high gloss worktops, and space for a washing machine, all complemented by tiled splashbacks.
New integrated appliances also feature, including an oven and an inset electric hob with an extractor above.
To the right, the 16’ foot sitting room enjoys a generous dual aspect, with uPVC double glazed windows ensuring the space is flooded with natural light.
Carpeted flooring runs underfoot, and the room’s proportions allow for a variety of soft furnishing layouts alongside plenty of space for a formal dining table.
At the end of the hallway, doors lead to two well proportioned bedrooms.
The main bedroom is carpeted and offers room for a large double bed, featuring large fitted wardrobes with sliding doors and an additional fitted vanity or dresser unit.
Both bedrooms include an emergency pull cord for peace of mind. The second bedroom is an ideal single or guest room, also carpeted and offering pleasant views over the communal gardens.
Both rooms are served by a modern three piece wet room style washroom, featuring floor to ceiling tiling for ease of maintenance and a walk in shower.
Find us Postcode : NR6 5HS What3Words : ///drop.fake.battle Virtual tour View our virtual tour for a full 360 degree of the interior of the property.
Agents notes The property is offered on a leasehold basis with 85 years remaining.
A service charge of approximately £2,576 and a ground rent of £265 are payable annually with flexible payment options. Fixtures and fittings can be included subject to separate negotiation.
EPC Rating: D Location The property is situated to the north west of Norwich within the highly sought after suburb of Hellesdon.
Located within walking distance to excellent local transport links, with easy access to Norwich City Centre and the Ring Road.
Excellent local amenities can be found with good local schooling close by as well as other benefits such as the Royal Norfolk Golf course, supermarkets and smaller convenience stores.
Garden The great outdoors Stepping outside, you will find beautifully maintained communal gardens, featuring neat lawns, established plantings, and a dedicated seating area for residents to enjoy.
Within the development, additional facilities include a communal laundry room and a guest suite, which is available to provide comfortable accommodation for visiting friends and family.
Disclaimer Anti-Money Laundering (aml) Fee Statement: To comply with hmrc's regulations on Anti-Money Laundering (aml), we are legally required to conduct aml checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf).
The cost of anti-money laundering (aml) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with hmrc regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
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.
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About 39 Merchant Way, Norwich
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