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See how verdicts work2-bedroom house · NR3 4PF
For saleReduced £10k (−4.5%) on 27 AugListed 188 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**guide price £220,000 - £230,000 NR3 terrace offered with no onward chain** Gilson Bailey are delighted to present this stylish and well-presented two-bedroom mid-terrace home, perfectly positioned in the ever-popular NR3 area of Norwich.
The property features a cosy lounge leading through to a separate dining room, a well-equipped kitchen and a convenient ground floor WC.
Upstairs, two generously sized bedrooms are accessed off the landing, with the principal bedroom benefiting from its own en-suite bathroom, adding a touch of luxury.
Outside, the property boasts a low-maintenance front garden and a desirable non-bisected rear garden, ideal for relaxing or entertaining.
Further benefits include double glazing, gas central heating and the added advantage of no onward chain.
An excellent opportunity for first-time buyers or savvy investors alike, this charming home is ready to move straight into-early viewing is highly recommended.
Location Spencer Street is within walking distance of the City Centre and is situated close by to many local amenities including schooling, popular shops, pubs, restaurants and supermarkets.
There is ease of access to Norwich train station, Riverside complex, Mousehold Heath, ndr and the Norwich Ring Road.
Accommodation Comprises Front door to: Lounge (3.50 x 3.45 (11'5" x 11'3")) Double glazed window, radiator. Dining Room (3.50 x 3.44 (11'5" x 11'3")) Double glazed window, radiator, storage cupboard.
Kitchen (2.60 x 1.86 (8'6" x 6'1")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge/freezer and washing machine, double glazed window, door to side.
Wc High level WC, frosted double glazed window. First Floor Landing Doors to two bedrooms. Bedroom One (3.50 x 3.41 (11'5" x 11'2")) Double glazed window, radiator, storage cupboard.
Bedroom Two (3.50 x 3.44 (11'5" x 11'3")) Double glazed window, radiator.
Bathroom (2.60 x 1.86 (8'6" x 6'1")) Panelled bath with shower over, low level WC, hand wash basin, radiator, frosted double glazed window.
Outside Front Small low maintenance garden with path to the front door. Outside Rear Non-bisected garden, timber shed, enclosed by timber fencing with rear gate access.
Local Authority Tenure Norwich City Council, Tax Band A. 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
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 128, Spencer Street, Norwich
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