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See how verdicts work2-bedroom flat · NR3 1PG
For saleReduced £5k (−3.3%) on 11 AugListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**excellent first time purchase within walking distance to the city centre** Gilson Bailey are delighted to offer this beautifully presented two bedroom, second-floor flat situated in the ever-popular NR3 area of Norwich, just a short walk from the vibrant City Centre.
The property comprises an entrance hall, spacious lounge/diner, fitted kitchen, modern shower room and two well-appointed bedrooms.
Outside, residents can enjoy access to communal gardens along with the benefit of a useful storage shed.
Further benefits include double glazing, gas heating and an excellent standard of presentation throughout, while the current vendor has already started the process of extending the lease.
This appealing flat would make an ideal opportunity for first-time buyers looking to step onto the property ladder or investors seeking a promising buy-to-let investment.
With its convenient location, attractive accommodation and excellent condition, this property is sure to attract considerable interest, so an early viewing is highly recommended.
Location Mousehold Street is situated close by to many local amenities including schooling, popular local shops, pubs, restaurants and supermarkets.
You are within walking distance of the City centre, Norwich train station, riverside walks and Mousehold Heath with ease of access to the Norwich Ring Road, ndr and A47 southern bypass.
Accommodation Comprises Secure intercom entry and stairs to second floor. Front door to: Entrance Hall Doors to lounge/diner and kitchen.
Lounge/Diner (5.76 x 3.09 (18'10" x 10'1")) Two double glazed windows to rear, radiator.
Kitchen (3.68 x 2.60 (12'0" x 8'6")) Fitted wall and base units with worktops over, sink and drainer, four ring gas hob with extractor over, fitted oven, space for fridge/freezer, washing machine and dishwasher, double glazed window to front, cupboard housing boiler.
Bedroom One (3.42 x 3.09 (11'2" x 10'1")) Double glazed window to rear, radiator, built in wardrobes.
Bedroom Two (2.85 x 2.63 (9'4" x 8'7")) Double glazed window to front, radiator, built in wardrobes.
Shower Room (2.09 x 1.61 (6'10" x 5'3")) Shower cubicle, low level WC, hand wash basin, heated towel rail, frosted double glazed window to front.
Outside Communal gardens, storage shed, permit parking available. Local Authority Norwich City Council, Tax Band A.
Tenure Leasehold – Term 125 years from 18 September 1989 and the vendor has started the process of a lease extension for an additional 90 years.
Please note ground rent is £10 per annum and service/maintenance charges are £459.45 per annum. For further information, please contact the office. 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
Agent & docs
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FAQ
About 200, Mousehold Street, Norwich
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