1-bedroom flat · NR1 1YN
For saleListed 336 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Glendenning Road, Norwich ***INVESTORS***A 1 bedroomed purpose built ground floor flat part of this popular and sought after development located within walking distance of the City Centre, Train Station and Riverside Quarter with excellent road links to the Inner/Outer Ring Roads, Broadland Northway and A47 Southern Bypass.
Currently let at a monthly rent of £795 pcm it is being sold with the tenants insitu.
The flat features gas central heating to radiators, sealed unit double glazing , communal grounds and an allocated car parking space. Viewing is most strongly recommended.
COMMUNAL FRONT DOOR With security link to flat COMMUNAL ENTRANCE HALL Front door to ENTRANCE HALL Ceramic tiled floor. Built in Cupboard. Doors to Lounge/Dining room, Kitchen, Bedroom and Bathroom.
LOUNGE/DINING ROOM Radiator, sealed unit double glazed windows to front.
KITCHEN Fitted comprising stainless steel single drainer sink unit with mixer tap to fitted roll edged work surfaces, tiled splashbacks, base and eye level units, built in electric hob with extractor hood over and electric oven under, plumbing for automatic washing machine, space for fridge/freezer and tumble dryer, wall mounted gas fired boiler, sealed unit double glazed window to rear.
BEDROOM 1 Radiator, sealed unit double glazed to rear.
BATHROOM White suite comprising panel sided bath with shower attachment, curtain and rail, pedestal wash hand basin, WC, ceramic tiled floor, radiator, tiled walls, extractor unit.
OUTSIDE Communal grounds. Allocated car parking space. AGENTS NOTE The flat is Leasehold.
Prospective purchasers should be aware that there is the remainder of a 125 year lease from1988 on this property however the purchase includes a share of the leasehold management company that owns the freehold which brings a number of benefits regarding renewals and potential lease enfranchisement.
The service charge is approximately -£65 per month including buildings insurance and the Ground rent is set at -£0.
Managing agents Brown & Co AGENTS NOTE The apartment is currently let and will be sold with the tenant in situ. The tenant is paying a monthly of -£795 pcm.
The tenancy is on an AST (Assured Shorthold Tenancy) for 12 month period with approximately 6/7 months remaining.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Glendenning Road, Norwich, Norfolk
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