2-bedroom flat · NR1 1EA
For saleListed 152 days
Opportunity summary
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About
***guide price £160,000-£170,000 - no onward chain*** Gilson Bailey are delighted to present this two double bedroom first-floor apartment, perfectly positioned in the heart of the city centre, just moments from the station and a wide range of local amenities.
This modern and well-presented home offers stylish and spacious accommodation throughout, beginning with a secure entrance lobby and private entrance hall.
The impressive open-plan kitchen/living area features quality wood laminate flooring and doors opening onto a Juliet balcony, creating a bright and contemporary living space ideal for both relaxing and entertaining.
The fitted kitchen benefits from integrated appliances including a dishwasher, fridge/freezer and built-in cooker.
Both bedrooms are generous doubles, with the principal bedroom enjoying the added luxury of an en-suite shower room. A modern family bathroom with shower over the bath completes the accommodation.
Further benefits include secure underground parking, double glazing and communal heating.
An excellent opportunity to acquire a stylish city-centre apartment, ideally suited for first-time buyers or investors.
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: Door to: Hall Entrance Private hallway accessed via secure communal entrance lobby with lift access. Built in cupboard, laminate floor, entry phone, radiator.
Living Room (6.30 x 5.0 (20'8" x 16'4")) Large living room with glazed double doors to Juliet balcony. Wood laminate floor, TV / BT points, radiator. Opens to kitchen area.
Kitchen Modern fitted kitchen, ample storage and work surface, electric hob and oven, cooker hood over, integrated appliances include fridge/freezer, and dishwasher. Spot lights.
Washer drier is in the cupboard. Bedroom One (4.29 x 4.4 (14'0" x 14'5")) Double Glazed window to rear aspect, laminate flooring, built in double wardrobes and radiator .
En-Suite Modern white suite comprising shower cubicle, WC and wash basin. Spotlighting, radiator.
Bedroom Two (3.52 x 3.27 (11'6" x 10'8")) Double Glazed window to rear/side aspect, Laminate flooring, radiator.
Bathroom Modern white bathroom suite comprising bath with shower over, WC and wash basin. Inset spot lights, radiator.
Outside Well maintained communal courtyard area with seating for residents use and enjoyment. Parking Allocated secure parking space accessed via automated garage doors.
Local Authority Norwich City Council - Tax Band B Tenure Leasehold Term: 250 years from 01 January 2006 Service Charge: £3792pa Ground Rent: £275pa Utilties Broadband: Fibre to Property Mains water and communal heating.
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.
Agents Note Please note that or holiday lets are allowed
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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FAQ
About 42, Maidstone Road, Norwich
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