3-bedroom flat · NR2 4QG
To rentReduced £75 (−6.3%) on 1 OctListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well situated for the city centre, this fully refurbished split level flat is located just off the Dereham Road.
Built over two floors, the property comprises; a spacious lounge, newly fitted kitchen with white goods, 3 bedrooms (one with a mezzanine 'nook') and a newly fitted shower room.
The property also benefits from being newly decorated and new flooring throughout.
The property is available to view now and is offered on the following basis; No Smokers No Sharers Following viewing the property, if an applicant wishes to express their interest, they will need to contact Martin & Co Norwich.
If invited to apply, a Holding Deposit equivalent to one weeks rent will be payable upon application.
Provided the tenancy commences as planned, the Holding Deposit will act against the first month's rent.
Prior to the start of any tenancy, we will require a Security Deposit, equivalent to 5 weeks rent be received, in cleared funds, in addition to the first month's rent (less the Holding Deposit).
PLEASE NOTE: If the applicant and/or guarantor(s) withdraw from the application, delay unreasonably in providing information during the application process, fail a Right to Rent check, provide information which is misleading, inaccurate, false or incomplete or fail to enter into the tenancy within 15 days (or other mutually agreed deadline) then we may retain the Holding Deposit and reject the application.
All individuals over the age of 18, who will be residing in the property, will be required to be fully referenced and named on the Tenancy Agreement and each Tenant will become 'jointly and severally liable'.
Any individual not named on the Tenancy Agreement is not permitted to reside in the property.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Portway Place, NR2
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