1-bedroom flat · NR2 4PA
For saleListed 1 day
Opportunity summary
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About
**FIRST FLOOR FLAT IN THE HEART OF ST BENEDICTS STREET** Gilson Bailey are delighted to offer this one bedroom first floor flat, superbly positioned along the popular and vibrant St Benedicts Street in the heart of Norwich City Centre.
Offering an excellent opportunity for first-time buyers looking to enjoy the convenience of city living, this appealing property is presented in good condition throughout and provides comfortable, well-proportioned accommodation.
Accessed via a communal entrance, the flat comprises a private entrance hall, spacious and inviting lounge, fitted kitchen, good-sized bedroom and bathroom, creating a practical and easy-to-manage home.
The property also benefits from off road parking with an annual fee, a particularly useful option in such a central location.
Further benefits include gas heating and an enviable position within easy reach of the City Centre's excellent selection of independent shops, cafés, restaurants, bars and local amenities.
Combining comfortable accommodation, a desirable St Benedicts Street address and the convenience of having everything Norwich has to offer on your doorstep, this charming flat would make a fantastic first-time purchase, so be quick to book a viewing.
Location - The Cathedral city of Norwich is set in the heart of East Anglia and has everything you would desire in a vibrant regional capital, including wonderful shopping facilities with two shopping malls including Chantry Place, and a wide range of independent boutique shops in the Norwich lanes.
There is a wide array of restaurants, bars, coffee shops, a dynamic nightlife which caters for all age groups, and the Theatre Royal is one of the country’s oldest established theatres.
The city is the most complete medieval city in the United Kingdom, including cobbled streets such as Elm Hill, Timber Hill and Tombland, with ancient buildings including St Andrews Hall, two Cathedrals and Norwich Castle.
The River Wensum flows throughout the city with various pubs located along the river and with boat hire available.
There are excellent transport links with Norwich train station providing a regular mainline service into London Liverpool Street, Cambridge and towards the coast.
Norwich International Airport is also situated only 4 miles from the city centre. The city has two Universities including the University of East Anglia and Norwich University of The Arts.
There are fantastic schools and colleges around the city and suburbs.
Norfolk itself is arguably most famous for its man-made broads, a national park with over 125 miles of waterways set in beautiful countryside surrounded with charming and picturesque towns and villages with Wroxham, the capital of the broads, approximately 8 miles from the centre of Norwich.
Accommodation Comprises - Front door to: Entrance Hall - Doors to lounge, kitchen, bedroom and bathroom. Lounge - 4.16 x 3.39 (13'7" x 11'1") - Two windows, radiator.
Kitchen - 3.14 x 2.41 (10'3" x 7'10") - Fitted wall and base units with worktops over, sink and drainer, space for cooker, space for fridge and washing machine.
Bedroom - 3.34 x 2.96 (10'11" x 9'8") - Window, radiator. Bathroom - 2.82 x 1.46 (9'3" x 4'9") - Panelled bath with shower over, low level WC, radiator, extractor fan.
Outside - Potential parking space subject to a yearly fee. Local Authority - Norwich City Council, Tax Band A.
Tenure - Leasehold Term: 125 years from 1.1.1987 Service Charge: £650 per annum Ground Rent: £250 per annum Parking: £600 per annum Utilities - Fibre to the property. Mains gas, water and electric.
Disclaimer - To comply with Anti-Money Laundering (AML) regulations, successful buyers must complete the required AML checks and provide proof of funds.
A non-refundable fee of £60 including VAT is payable per purchaser, per transaction, including any individuals contributing or gifting funds towards the purchase.
Fees are payable for up to a maximum of two purchasers, for the transaction, any additional parties checks will be covered by these fees.
This fee must be paid directly to Gilson Bailey & Partners Ltd. All required checks must be completed before a memorandum of sale can be issued.
Value & comps
No previous sales on record.
Returns
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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 Maude Gray Court, St. Benedicts Street
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