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See how verdicts work2-bedroom flat · NR3 4EG
Listing removedListed 385 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £130,000 - £140,000. This ground floor flat presents an excellent opportunity for first-time buyers or investors seeking a well-located and accessible home.
It offers two spacious double bedrooms, ideal for a small family, couple, or professionals. The layout includes an entrance hall, a bright lounge/diner, a functional kitchen, and a family bathroom.
The private rear garden, mainly laid to patio, provides an inviting space for outdoor relaxation or entertaining. An en-bloc garage adds convenience for parking or storage.
The property is offered with no onward chain for an easy purchase. While move-in ready, it also allows scope for modernisation to add personal style and value.
The Location Templemere is ideally situated within the highly sought-after NR3 area, a vibrant and up-and-coming part of the city that continues to attract a mix of professionals, families, and investors.
The neighbourhood benefits from being within easy reach of the city centre, offering quick access to an excellent range of amenities, shopping facilities, restaurants, and entertainment options.
The area is also home to the beautiful Grade II listed Waterloo Park, a local favourite featuring landscaped gardens, a café, and open green spaces perfect for leisurely walks and outdoor activities.
Residents of Templemere enjoy a strong sense of community and a great mix of independent shops, traditional pubs, antique stores, and cafés, creating a lively and welcoming atmosphere.
The location also offers excellent transport connections, with frequent bus services into the city and easy access to the ring road and the Northern Distributor Road (NDR), making commuting or travelling around the region simple and convenient.
Templemere, Norwich This ground floor flat offers a fantastic opportunity for first-time buyers or investors looking for a comfortable home in a convenient location.
Being on the ground floor, it’s ideal for those seeking easy accessibility with no climbing of stairs—perfect for all ages and mobility levels.
The flat features two spacious double bedrooms, providing ample space for a small family, couple, or professional sharers.
The accommodation is well laid out and comprises an entrance hall, a bright and airy lounge/diner, a practical kitchen, two double bedrooms, and a family bathroom.
To the front of the property, there is a path leading to the entrance, bordered by a maintained lawn area.
At the rear, the property benefits from a fully enclosed private garden, mainly laid to patio—offering a perfect space for outdoor relaxation, gardening, or entertaining.
The flat also comes with an en-bloc garage, providing secure parking or additional storage space. The property is offered with no onward chain, making for a smooth and straightforward purchase.
While the home is well presented, some modernisation may be beneficial, allowing buyers to add their own personal touch and enhance its full potential.
Viewings are highly recommended to fully appreciate the space, layout, and opportunity this flat offers.
Don’t miss out on the chance to secure this well-positioned, accessible property—perfect as a first home or a smart investment.
Agents Note Sold Leasehold Connected to mains water, electricity and drainage Lease: 947 years remain Ground Rent & Maintenance: £700 combined and paid annually AI Staged: Living Room Disclaimer Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client.
We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract.
To comply with AML regulations, £52 is charged to each buyer which covers the cost of the digital ID check.
It’s recommended to verify leasehold charges provided by the seller through legal representation.
All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively.
It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents.
Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
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.
Area
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FAQ
About Templemere, Norwich
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