2-bedroom flat · NR1 2TP
To rentListed 31 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gilson Bailey Lettings are delighted to offer this well presented two bedroom apartment situated in one of Norwich's most sought after riverside developments, situated close to the station, sports facilities, shops, cinema, restaurants and the city itself.
The property benefits from an impressive secure entrance lobby with lifts to all floors, private entrance hall, main living room with Juliet balcony, fitted modern kitchen with all appliances, two double bedrooms, luxury bathroom with shower over the bath, double glazing, electric heating, maintained grounds, underground secure parking, Council Tax Band C, unfurnished**secure parking** Entrance hall: Private entrance hall accessed via secure and impressive main lobby with lift service to all floors.
Large storage cupboard, entryphone, heater.
Living room - 5.80m ( 19'1'') x 4.60m ( 15'2''): Double aspect and glazed double doors to Juliet balcony allow much natural light in providing the room with a bright and relaxed feel.
TV / Sat / BT points, radiator. Kitchen - 2.80m ( 9'3'') x 2.20m ( 7'3''): Fitted modern kitchen with ample storage and work surface.
Appliances include dishwasher, electric hob, double oven, cooker hood, washing machine, fridge / freezer.
Bedroom 1 - 3.60m ( 11'10'') x 2.60m ( 8'7''): Master bedroom with a wall of quality fitted wardrobes. Side aspect window, BT point, radiator.
Bedroom 2 - 3.80m ( 12'6'') x 2.60m ( 8'7''): Second double bedroom, side aspect window, radiator. Main Bathroom: Modern white suite comprising bath with thermostatic shower over, WC and wash basin.
Extensive tiling, radiator. Outside : Fully maintained communal areas. Parking: Secure allocated parking space accessed via remote control access gates.
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
About The Malthouse, King Street Norwich
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