2-bedroom flat · NR1 1QS
For saleReduced £5k (−5%) on 21 JunListed 379 days
Opportunity summary
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About
**guide price £100,000 to £110,000 **cash buyers only** Gilson Bailey are delighted to offer this two bedroom, eleventh floor flat situated just a short walk from the City Centre.
Accommodation comprising secure communal entrance, private entrance hall, kitchen, lounge/diner, two bedrooms, bathroom and WC. Outside there is permit parking available and a storage shed.
The flat benefits from double glazing, communal heating and hot water, far reaching views and is offered with no onward chain. The property makes an excellent investment 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 Secure intercom entry with stairs and lift to eleventh floor. Front door to: Entrance Hall Doors to lounge/diner, two bedrooms, bathroom and WC.
Lounge/Diner (5.25 x 3.43 (17'2" x 11'3")) Double glazed window.
Kitchen (4.13 x 1.95 (13'6" x 6'4")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge and washing machine, double glazed window.
Bedroom One (4.30 x 2.91 (14'1" x 9'6")) Double glazed window. Bedroom Two (4.31 x 2.37 (14'1" x 7'9")) Double glazed window.
Bathroom (1.67 x 1.39 (5'5" x 4'6")) Panelled bath with shower over, hand wash basin, cupboard. Wc Low level WC, hand wash basin. Outside Storage shed and permit parking.
Local Authority Norwich City Council, Tax Band A. Tenure Leasehold – Term 125 years from 22 November 1982.
Please note ground rent is £10 per annum and service/maintenance charges are £476 per quarter (includes heating). For further information, please contact the office.
Utilities Superfast fibre broadband available. Mains, gas water and electric.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About 70 Normandie Tower, Rouen Road, Norwich
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