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See how verdicts work2-bedroom house · NR1 1HR
For saleReduced £10k (−4.8%) on 11 SepListed 136 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**offered with no onward chain** Gilson Bailey are delighted to offer this charming two-bedroom mid-terrace home, tucked away in a rarely available position within the highly sought-after area of Thorpe Hamlet.
Offering a wonderful blend of character, privacy and convenience, this attractive property is ideally suited to first-time buyers, professionals and those seeking a home in one of Norwich's most desirable residential locations.
The accommodation comprises an entrance porch, a fitted kitchen, a separate dining room, a comfortable lounge and a ground-floor WC, creating a practical and versatile layout for modern living.
Upstairs, there are two well-proportioned bedrooms and a family bathroom accessed from the landing.
Externally, the property benefits from a useful brick-built storage shed to the front, while to the rear there is a generous non-bisected garden, providing an excellent outdoor space for relaxing, gardening and entertaining.
Further benefits include double glazing, gas central heating and the added advantage of being offered with no onward chain.
Conveniently positioned within easy reach of Norwich city centre, the railway station, local amenities and scenic riverside walks, this delightful home presents a fantastic opportunity to acquire a property in a rarely available location.
Early viewing is highly recommended.
Location Thorpe Hamlet, lies just to the east of Norwich City centre within walking distance to the railway station and Riverside development (offering restaurants, bars, cinema and gym).
There is great access into the City centre itself, riverside walks, Mousehold Heath and A47 Southern Bypass.
Accommodation Comprises Front door to: Entrance Porch Door to: Kitchen (2.43 x 1.82 (7'11" x 5'11")) Fitted wall and base units with worktops over, sink and drainer, space for gas cooker, fridge/freezer and washing machine, double glazed window.
Dining Room (3.88 x 3.72 (12'8" x 12'2")) Double glazed window, radiator, stairs to first floor. Lounge (3.71 x 3.41 (12'2" x 11'2")) Double glazed window, radiator.
Wc Low level WC, hand wash basin, radiator, frosted double glazed window. First Floor Landing Doors to two bedrooms and bathroom.
Bedroom One (3.72 x 3.35 (12'2" x 10'11")) Double glazed window, radiator, cast iron fireplace. Bedroom Two (3.04 x 2.80 (9'11" x 9'2")) Double glazed window, radiator, cupboard.
Bathroom (2.29 x 1.80 (7'6" x 5'10")) Panelled bath, shower cubicle, low level WC, hand wash basin, frosted double glazed window.
Outside Brick built storage shed and a paved and lawned non-bisected rear garden. Local Authority Norwich City Council, Tax Band A. Tenure Freehold Utilities Fibre to the cabinet.
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
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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 2, Prospect Terrace, Norwich
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