2-bedroom house · NR14 8FU
Listing removedListed 79 days
Opportunity summary
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About
**40% shared ownership** Gilson Bailey are delighted to offer this modern, two bedroom, mid terrace house situated on a modern estate in the sought after village of Mulbarton.
Accommodation comprising entrance hall, spacious lounge/diner, kitchen and WC to the ground floor. On the first floor there are two bedrooms and a bathroom off landing.
Outside there are two off road parking spaces and an enclosed rear garden. The house benefits from double glazing, gas heating and is in excellent condition throughout.
The property would make a great first time purchase so be quick to book a viewing.
Agents note: Please note the 40% share reflects a full market price of £235,000 and the monthly rent payable is £378.91 per month.
This property does have a local connection restriction meaning that you must live work or have a family connection to the below: Residents of Mulbarton who have lived there for at least 3 of the last 10 years.
Former residents of Mulbarton who previously lived there for at least 3 of the last 10 years.
Residents of Mulbarton or the neighbouring parishes of Bracon Ash, East Carleton, Newton Flotman, Swainsthorpe and Swardeston who have lived there for 3 years or more.
People who have worked in Mulbarton for at least 1 year, for a minimum of 10 hours per week. Residents of the neighbouring parishes listed above who have lived there for 3 years or more.
Other Mulbarton residents. Other residents of the neighbouring parishes. Residents of South Norfolk.
Location Mulbarton is a highly sought-after village situated south of the historic Cathedral City of Norwich.
The village has a primary school, the popular Worlds End public house, a social club, mini supermarket and convenience store, fish shop and take-away.
In the centre of the village is a large common with pond neighbouring the local church. There are good public transport links to the City centre and excellent links to the A11 and A47 Southern Bypass.
Accommodation Comprises Front door to: Entrance Hall Doors to lounge/diner, kitchen, WC and stairs to first floor.
Lounge/Diner (5.04 x 4.56 (16'6" x 14'11")) Double glazed window, two radiators, cupboard, door to rear.
Kitchen (3.08 x 2.49 (10'1" x 8'2")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, integrated fridge/freezer and washing machine, double glazed window.
Wc (1.85 x 1.40 (6'0" x 4'7")) Low level WC, hand wash basin, radiator, frosted double glazed window. First Floor Landing Doors to two bedrooms and bathroom.
Bedroom One (4.30 x 2.84 (14'1" x 9'3")) Double glazed window, radiator. Bedroom Two (5.05 x 3.39 (16'6" x 11'1")) Double glazed window, radiator.
Bathroom (2.74 x 2.09 (8'11" x 6'10")) Panelled bath with shower over, low level WC, hand wash basin, radiator.
Outside Lawned garden, patio area, enclosed by timber fencing, two off road parking spaces.
Local Authority South Norfolk District Council, Tax Band B Tenure Freehold Charges Rent £378.91 3rd Party Management fees £11.58 Buildings insurance £36.52 Admin fee £6.71 Grounds Maintenance £4.35 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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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 7, Sterlet Grove, Norwich
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