2-bedroom flat · NR6 5AN
To rentReduced £50 (−4.3%) on 20 OctListed 16 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gilson Bailey Lettings are delighted to offer this two bedroom ground floor apartment set in this exclusive converted mill.
The peaceful riverside location feels rural and away from the hustle of the city, yet is within easy reach as are all local shops and amenities.
The property benefits from secure communal entrance, private hallway, main living area, kitchen with integrated appliances, recently refurbished bathroom with shower over the bath, two double bedrooms with built in wardrobes, allocated parking, communal grounds, gas central heating, double glazing.
Council Tax Band C. Entrance hall: Private entrance hall accessed via secure communal hallway. Radiator, entryphone, doors to all rooms.
Living room - 6.20m ( 20'5'') x 3.60m ( 11'10''): Living space with original feature beams, double aspect windows which allow natural light in, wooden floor, radiators, built in storage cupboard, TV / BT points.
Opening to kitchen Kitchen - 5.20m ( 17'1'') x 2.30m ( 7'7''): Kitchen with ample work surface and storage.
Appliances include gas range cooker, cooker hood, integrated dishwasher, washer/drier and fridge freezer. Spot lighting.
Bedroom 1 - 4.20m ( 13'10'') x 2.70m ( 8'11''): Master bedroom, side aspect window, built in wardrobes, feature original beams, radiator.
Bedroom 2 - 3.60m ( 11'10'') x 2.40m ( 7'11''): Second double bedroom, side aspect window, built in wardrobes, radiator.
Main bathroom: Modern white bathroom suite comprising bath with shower over, WC and wash basin. Extensive tiling, radiator.
Outside: The exterior common parts are for use by residents only and maintained to a high standard. Parking: One allocated parking space.
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
Agent & docs
FAQ
About Hellesdon Mill, Hellesdon Norwich Norfolk
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