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See how verdicts work2-bedroom flat · NR1 1GF
For saleReduced £10k (−3.6%) on 5 SepListed 139 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This impressive top-floor apartment enjoys a prime position within one of Norwich’s most sought-after riverside developments, offering contemporary city living with wonderful views across the water.
Beautifully presented throughout, the property combines bright and spacious accommodation with the convenience of a secure entry and lift access.
The standout feature is undoubtedly the generous private balcony, providing the perfect place to relax, entertain or simply take in the ever-changing river views.
Situated within easy reach of Norwich city centre, the train station, Riverside retail and leisure facilities, and an excellent range of local amenities, this apartment is ideally suited to professionals, first-time buyers, investors or those seeking a low-maintenance city base.
Location Located on Geoffrey Watling Way, Lochhead Bank enjoys a highly convenient position close to the centre of Norwich.
The city offers an extensive range of amenities including shopping centres, independent retailers, restaurants, cafés, cultural attractions, and leisure facilities.
Norwich railway station is within easy reach, providing direct services to London Liverpool Street and other major destinations, while the nearby road network offers straightforward access to the wider region.
The property is also well placed for enjoying the riverside walks along the River Wensum and the attractions of Norwich's historic city centre, including its renowned market, cathedral, and vibrant entertainment scene.
Combining city convenience with access to green spaces and waterside routes, this location offers an excellent base from which to enjoy all that Norwich has to offer.
Geoffrey Watling Way Step inside via the secure communal entrance and lift service to the welcoming entrance hall, where tiled flooring, a secure audio entry system and a large airing cupboard with plumbing for a washing machine create a practical introduction to the home.
The hallway leads through to the impressive open plan kitchen, dining and living space, a bright and sociable room designed for modern living.
Large glazed doors open directly onto the balcony, allowing natural light to flood the room while framing attractive views across the river.
The kitchen is fitted with a range of contemporary wall and base units, complemented by integrated appliances including an electric oven, hob, extractor hood and dishwasher, along with ample storage and preparation space.
The apartment offers two comfortable double bedrooms.
The principal bedroom benefits from its own modern ensuite shower room, while the second bedroom enjoys direct access onto the balcony, making it a particularly appealing guest room or flexible workspace.
A contemporary family bathroom serves the remainder of the accommodation.
Externally, the property continues to impress with its spacious private balcony stretching across the front of the apartment, creating an excellent outdoor seating area with elevated river views.
The apartment also benefits from secure communal areas and well-maintained surroundings, all within a vibrant riverside setting that places the best of Norwich right on your doorstep.
Agents Notes We have been unable to verify the parking arrangements for this property and therefore urge viewers to do their due diligence with solicitors before going ahead with a sale.
Leasehold with 981 years remaining. Ground rent - £200 p/a, maintenance fee - £190. Connected to mains water, electricity and drainage.
Council tax band - C Disclaimer Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client.
We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract.
To comply with aml regulations, £52 is charged to each buyer which covers the cost of the digital id check.
It’s recommended to verify leasehold charges provided by the seller through legal representation.
All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively.
It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents.
Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
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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FAQ
About 24 Lochhead Bank, Norwich
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