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See how verdicts work2-bedroom flat
For saleListed 4 days
Opportunity summary
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About
**guide price £155,000 - £160,000 ground floor flat with off road parking** Gilson Bailey are delighted to offer this well-presented, two bedroom ground floor flat, pleasantly tucked away in a peaceful position within the highly sought-after suburb of Sprowston.
Offering comfortable and well-proportioned accommodation all on one level, this appealing property presents a fantastic opportunity for first-time buyers looking for a home in a desirable and convenient location.
The accommodation comprises a welcoming entrance porch leading into a spacious lounge/diner, providing an excellent space for relaxing and entertaining, alongside a fitted kitchen, two good-sized bedrooms and a bathroom.
Outside, the property benefits from well-maintained communal gardens, offering pleasant green surroundings for residents to enjoy, together with the valuable advantage of one off-road parking space and additional visitor parking.
Further benefits include double glazing, gas heating and an impressive 999-year lease, providing additional appeal for prospective purchasers.
Combining ground floor living, generous accommodation, attractive communal grounds, private parking and a quiet Sprowston setting, this lovely flat would make a fantastic first-time purchase, so be quick to book a viewing.
Location This desirable suburb lies to the north-east of Norwich and offers a good selection of amenities to include schooling for all ages, local doctors surgery, popular shops, supermarkets, pubs and restaurants.
There is excellent public transport links to and from the City centre including the Sprowston Park & Ride service. There is ease of access to the Norwich Ring Road, ndr and Norfolk Broads.
Accommodation Comprises Front door to: Entrance Porch Door to: Lounge/Diner (5.12 x 3.12 (16'9" x 10'2")) Double glazed window, radiator.
Kitchen (3.89 x 1.66 (12'9" x 5'5")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge and washing machine, double glazed window, radiator.
Bedroom One (3.65 x 2.76 (11'11" x 9'0")) Double glazed window, radiator. Bedroom Two (2.79 x 2.60 (9'1" x 8'6")) Double glazed window, radiator.
Bathroom (1.96 x 1.66 (6'5" x 5'5")) Panelled bath with shower over, low level WC, hand wash basin, heated towel rail, frosted double glazed window.
Outside Communal gardens and one off road parking space. Local Authority Broadland District Council, Tax Band A.
Tenure Leasehold Term: 999 years from 1 December 1985 Service Charge and Ground Rent: £880.94 per annum. 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.
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