2-bedroom flat · NR3 1PB
For saleListed 179 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO ONWARD CHAIN!!! WELL PRESENTED 2 BED FLAT located to the North of Norwich City Centre this is a lovely well presented flat wis ideal for those working in and around Norwich City Centre.
Viewing is highly recommended. Anchor Street is located in the ever popular NR3 with a great range of local amenities and with the added advantage of having the City Centre within easy access.
Located on the first (top) floor the accommodation is arranged over one level.
All accommodation is off the hallway with two good sized bedrooms, a 20'8" reception room, three piece bathroom and a kitchen with large pantry cupboard.
Benefitting from a good sized lounge / diner, kitchen with a gas cooker & with space for a washing machine and fridge freezer, one double and one single bedroom, GCH, double glazing and a bathroom fitted with a white suite.
Outside there is off street parking and a storage shed. Council Tax Band A through Norwich City Council.
Lease Length - 107 years Ground rent - £10pa Service charge TBC but expected to be in region £500pa PLEASE NOTE: Northwood confirm that these particulars are believed to be accurate but they are a brief summary issued for general guidance only and are not comprehensive.
These particulars and any text, measurements, dimensions or indicative plans made available are for general information only and do not form part of any offer or contract.
Prospective purchases should not rely on these particulars and must satisfy themselves on all aspects by inspection or otherwise.
Northwood, their employees and representatives are not authorised to make or give any representations, assurances or warranties for the property, whether within these particulars or otherwise, and no liability is accepted to the purchaser in this respect.
EPC rating: C. Tenure: Leasehold, Length of lease (remaining): 107 years 2 months,
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
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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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FAQ
About Anchor Street, Norwich, NR3
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