1-bedroom flat · NR1 1HX
For saleReduced £10k (−9.1%) on 19 SepListed 97 days
Opportunity summary
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About
Gilson Bailey are delighted to offer this well-presented second-floor apartment for the over 55s, offered with no onward chain and perfectly positioned within easy reach of Norwich city centre.
Designed for comfortable, low-maintenance living, the accommodation comprises an inviting entrance hall, a spacious double bedroom with fitted wardrobes, a modern shower room, and a bright open-plan lounge and dining area flowing seamlessly into the fitted kitchen, creating a welcoming and sociable living space.
The property further benefits from newly fitted carpets, double glazing, electric heating, and tasteful décor throughout.
Residents also have access to an excellent range of communal facilities, including a residents' lounge, laundry room with washing machines and tumble dryers, guest accommodation for visiting family and friends, beautifully maintained communal gardens, and residents' off-road parking.
Ideally located just a short distance from Norwich railway station, the popular Riverside development, and the historic city centre with its superb selection of shops, cafés, restaurants, and theatre, this is a fantastic opportunity to enjoy secure, independent retirement living in a highly convenient location.
Early viewing is highly recommended. Location Accommodation Comprises: Communal entrance with staircase and lift to the second floor.
Front door to: Entrance Hall With doors to all rooms and storage cupboard. Lounge/Diner (4.70 x 4.11 (15'5" x 13'5")) Double glazed window to front, heater, t.v.
Point, opening to: Kitchen (2.01 x 1.99 (6'7" x 6'6")) Double glazed window to front, fitted wall and base units with work tops over, single sink and drainer, tiled splash backs, cooker with hob, space for fridge/freezer.
Bedroom (3.59 x 2.64 (11'9" x 8'7")) Double glazed window to front, fitted wardrobes, heater. Shower Room Low level WC., vanity wash basin, shower cubicle, tiled splash backs.
Outside Communal garden areas and residents off-road parking on a first come, first serve basis. Local Authority Norwich City Council, Tax Band A.
Tenure Leasehold Term 125 years from 1 June 1985 Service Charge £3000 per annum Ground Rent £250 per annum 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
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
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FAQ
About 139, Cavendish Court, Norwich
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