1-bedroom house · NR7 9LS
Listing removedListed 343 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Beautiful Over-55s First Floor Retirement Apartment.
Situated in the desirable suburb of Thorpe St Andrew, this well-presented first-floor retirement flat offers comfortable, independent living within a friendly and supportive community for residents aged 55 and over.
The development benefits from a secure key-fob entrance leading into a welcoming communal hallway, with access to a spacious residents’ lounge-ideal for socialising or relaxing.
A lift and stair-lift provide easy access to all floors, while additional onsite amenities include a communal laundry room and bookable guest suites for visiting family and friends.
An on-site manager is also available, offering peace of mind for residents between Monday to Friday.
The apartment itself features an entrance hall with useful storage cupboards, giving way to a bright bay-fronted lounge/diner and a modern, well-equipped kitchen offering a range of wall and base units, ample worktop space, and room for a washing machine and fridge-freezer.
The good-sized double bedroom and a contemporary shower room complete the accommodation, for additional peace of mind, the property is connected to a 24-hour care line System, complete with a personal alarm and pull cords throughout for emergency assistance.
Externally, residents can enjoy the beautifully maintained communal gardens, included within the lease-perfect for outdoor relaxation during the warmer months.
This is an excellent opportunity to acquire a well-located, low-maintenance home offering security, convenience, and a sense of community in one of Norwich’s most sought-after areas.
The lease has 98 years left on the current lease and the service charges are £2772 p.a for further details or to arrange a time to view please call Iconic today!
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.
Area
Agent & docs
FAQ
About 121, Laurel Court, Armstrong Road, Norwich
Explore nearby