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See how verdicts work2-bedroom flat · NR3 4EE
Sold STCReduced £10k (−8.3%) on 19 SepListed 111 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 spacious two-bedroom first-floor apartment, ideally located in the highly sought-after NR3 area of Norwich, within easy walking distance of the City Centre.
Offering bright and well-proportioned accommodation throughout, the property comprises a private entrance hall with stairs rising to the first-floor landing, a generous lounge, fitted kitchen, two comfortable bedrooms and a bathroom.
Externally, residents can enjoy well-maintained communal gardens, together with the added benefit of an en-bloc garage providing valuable storage or secure parking.
Further advantages include double glazing, electric heating, a long lease and the added convenience of being offered with no onward chain.
Perfectly positioned to enjoy the vibrant selection of local amenities, cafés and transport links that make NR3 such a desirable place to live, this fantastic apartment is an excellent opportunity for first-time buyers and buy-to-let investors alike, and early viewing is highly recommended.
Location The popular NR3 area of Norwich provides a good range of local amenities to include schooling, shops, supermarkets, pubs and restaurants.
There are good public transport links to and from the city centre with ease of access to the Norwich Ring Road and ndr.
Accommodation Comprises Front door to: Entrance Hall Stairs leading to first floor. Lounge (2.98 x 5.14 (9'9" x 16'10")) Large lounge with storage heater and UPVC window.
Kitchen (2.60 x 2.92 (8'6" x 9'6")) Modern kitchen with range of base units and work surface. Bedroom One (3.0 x 3.56 (9'10" x 11'8")) Double bedroom with storage heater and UPVC window.
Bedroom Two (2.2 x 2.94 (7'2" x 9'7")) Double bedroom with storage heater and UPVC window. Bathroom Comprising shower over bath, low level WC, basin. Garage Up and over door.
Local Authority Norwich City Council, Tax Band A Tenure Leasehold - Term 999 years from1 January 1973. Please note ground rent is £20 per annum and service/maintenance charges are £710 per annum.
For further information, please contact the office. Utilities Fibre to the cabinet. 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
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
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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
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FAQ
About 164, Templemere, Norwich
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