2-bedroom flat · NR7 8JB
Sold STCListed 43 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**offered with no onward chain** Gilson Bailey are delighted to offer this well-proportioned, two bedroom first floor flat, pleasantly tucked away within a peaceful woodland setting in the sought-after suburb of Sprowston and offered with the added advantage of no onward chain.
Enjoying a quiet position while remaining conveniently located for local amenities, the property is accessed via a secure communal entrance and comprises a private entrance hall, spacious lounge with access onto its own balcony, fitted kitchen, two bedrooms and a shower room.
Outside, residents can enjoy the well-maintained communal lawned gardens, while the property also benefits from one allocated off-road parking space and additional visitors’ parking.
Further benefits include double glazing and gas heating.
With its tranquil woodland surroundings, private balcony, practical accommodation and useful parking, this chain-free flat would make an excellent first-time purchase or buy-to-let investment, 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 Secure intercom entry with stairs to first floor. Entrance Hall Doors to lounge, two bedrooms and shower room.
Lounge (4.32 x 3.54 (14'2" x 11'7")) Double glazed window, two radiators, door to balcony.
Kitchen (4.10 x 2.31 (13'5" x 7'6")) Fitted wall and base units worktops over, sink and drainer, fitted hob and oven, space for fridge and washing machine, double glazed window, radiator.
Bedroom One (3.52 x 2.69 (11'6" x 8'9")) Double glazed window, radiator, built in wardrobe. Bedroom Two (2.39 x 2.11 (7'10" x 6'11")) Double glazed window, radiator.
Shower Room (2.30 x 1.65 (7'6" x 5'4")) Shower cubicle, low level WC, hand wash basin, extractor fan. Outside Communal lawned gardens, one off road parking space and further visitors parking.
Local Authority Broadland District Council, Tax Band B. Tenure Leasehold – Term 124 years from 25 December 1988.
Please note ground rent is £150 per annum and service/maintenance charges are £960 per annum. For further information, please contact the office. 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
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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 4 Pine Court, Plantation Drive, Sprowston
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