3-bedroom flat · NR2 4QT
For saleReduced £10k (−5.9%) on 5 AugListed 106 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** excellent investment opportunity currently achieving over £20,000 per annum ** Gilson Bailey are delighted to offer this well presented, three bedroom, first floor flat which has been a highly successful investment property for many years.
The flat is situated to the west of Norwich within walking distance to the city centre. Accommodation comprises entrance hall, lounge, kitchen, three bedrooms and a bathroom.
Outside there is permit parking available and a storage unit. The flat benefits from double glazing, gas heating and is offered with no onward chain.
The property would make an excellent investment opportunity so be quick to book a viewing.
Location Located west of the historic cathedral city centre of Norwich close by to many local amenities including shops, pubs, schools and doctors and is within reasonable walking distance to the city centre.
You are also close by to the University of East Anglia and Norfolk and Norwich University Hospital. Accommodation Comprises Communal entrance with stairs to first floor.
Front door to: Entrance Hall Doors to lounge, kitchen, bathroom and two bedrooms. Lounge (3.85 x 3.31 (12'7" x 10'10")) Double glazed window, radiator.
Kitchen (3.97 x 2.19 (13'0" x 7'2")) Fitted wall and base units with worktops over, sink and drainer, electric hob with extractor over, fitted oven, space for washing machine, large fridge freezer and dryer.
Bedroom One (3.84 x 3.01 (12'7" x 9'10")) Double glazed window, radiator. Bedroom Two (3.44 x 3.02 (11'3" x 9'10")) Double glazed window, radiator.
Bedroom Three (3.86 x 2.84 (12'7" x 9'3")) Double glazed window, radiator.
Bathroom (2.22 x 1.70 (7'3" x 5'6")) Panelled bath with shower over, low level WC, hand wash basin, frosted double glazed window. Outside Permit parking is available. Storage Unit.
Local Authority Norwich City Council, Tax Band A. Tenure Leasehold – 125 years from 13 April 2007. Please note service/maintenance charges are £875.50 per annum and ground rent is £10 per annum.
For further information, please contact the office.
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 advisors 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
FAQ
About 43, Russell Street, Norwich
Explore nearby
.png){kind=logo}
