3-bedroom flat · NR2 1HJ
Listing removedListed 159 days
Opportunity summary
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About
**guide price £220,000 - £230,000 - no onward chain** Gilson Bailey are delighted to offer this spacious, split-level apartment situated close to Norwich City Centre, within easy reach of the University and Art College.
Offering generous and versatile accommodation throughout, the property comprises a secure entrance lobby, private entrance hall, lounge, separate fitted kitchen, three double bedrooms, a main bathroom and an additional shower room, making it perfectly suited to sharers, first-time buyers or investment purchasers alike.
Further benefits include electric heating and a private covered parking space, adding both comfort and convenience.
With its excellent location and spacious layout, this superb apartment represents an outstanding opportunity and early viewing is highly recommended.
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 to first floor. Front door to: Entrance Hall Part glazed entrance door to private entrance hall accessed via secure entrance lobby.
Built in storage cupboard. Stairs to third floor. Heater. Lounge (5.20 x 3.00 (17'0" x 9'10")) Living room with rear aspect window with views towards the city centre. Heater.
Kitchen (3.20 x 2.10 (10'5" x 6'10")) Separate kitchen with ample storage and work surface. Appliances include electric hob, oven, cooker hood, fridge/freezer and washer/drier.
Bedroom One (4.80 x 4.20 (15'8" x 13'9")) Big double bedroom, two front aspect windows allow much natural light in. Heater.
Bedroom Two (4.80 x 4.30 (15'8" x 14'1")) Second large double bedroom, big front aspect window, heater.
Bedroom Three (4.80 x 3.10 (15'8" x 10'2")) Third big double bedroom, rear aspect window with far reaching views over the City. Heater.
Shower Room Modern suite comprising shower cubicle, WC and wash basin. Heated towel rail, frosted window. Bathroom Bathroom suite comprising bath with shower over, WC and wash basin. Heater.
Parking One allocated covered parking space.
Local Authority Norwich City Council - Tax Band C Tenure Leasehold Term: 999 years from 23 June 2004 Service Charge: £2343pa Utilities Fibre to the property. Mains 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
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Archie refurb estimate: a Pro feature
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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.
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About 93 Dukes Court, Wellington Lane, Norwich
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