3-bedroom semi-detached house · NR15 1PF
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
RECENTLY RENOVATED & SOLD WITH SITTING TENANT Iconic Estate Agents are delighted to offer for sale this well presented three-bedroom semi-detached family home, situated in the desirable village of Newton Flotman.
The property has been updated throughout and is being sold with a sitting tenant currently paying £1,250 per calendar month (£15,000 per annum), making this an excellent opportunity for an investor looking for an established rental income.The property is entered via a welcoming entrance hall with stairs rising to the first floor and a door leading into the spacious lounge.
The lounge provides a comfortable reception space with an attractive archway leading through to the recently re-fitted kitchen/diner.
The modern kitchen offers a range of wall and base units with work surfaces over, creating a practical and sociable space for everyday living.To the first floor, the landing provides access to three well-proportioned bedrooms and a modern three-piece family bathroom suite.Externally, the property benefits from a lawned front garden and off-road parking.
To the rear is a landscaped enclosed garden with patio and lawn areas, providing an attractive outside space.Having been recently renovated throughout and currently producing £1,250 per calendar month in rental income, this property represents an appealing investment opportunity in a popular village location.
The combination of modern accommodation, attractive outside space and an established tenant makes this an opportunity that should not be missed.Please contact Iconic Estate Agents for further information and to arrange a viewing.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
Agent & docs
FAQ
About Olive Avenue, Newton Flotman, Norwich
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