2-bedroom semi-detached house · NR5 0UY
Sold STCListed 89 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Iconic Estate Agents are delighted to present this well-presented two-bedroom semi-detached home, situated on the popular Hampden View development in Costessey.
Offered in excellent decorative order throughout, this property is available on a 75% shared ownership basis, making it an ideal opportunity for first-time buyers looking to take their first step onto the property ladder.
Early viewing is highly recommended. The accommodation begins with a welcoming entrance hall featuring a useful under stairs storage cupboard and staircase rising to the first floor.
Doors provide access to the fitted kitchen, downstairs cloakroom and spacious sitting/dining room.
The modern kitchen is fitted with a range of attractive wall and base units, offering ample worktop and storage space.
There is space for a variety of appliances, alongside an integrated oven, hob and extractor hood.
The downstairs cloakroom is fitted with a contemporary two-piece white suite comprising a low-level WC and wash hand basin with vanity unit beneath.
To the rear of the property, the generous sitting/dining room provides an excellent space for both relaxing and entertaining.
A window and glazed door overlook and open onto the rear garden, allowing plenty of natural light to flood the room.
Upstairs, the landing provides access to two well-proportioned double bedrooms and the family bathroom.
The principal bedroom benefits from a built-in wardrobe, while the second bedroom is also a generous double, making it ideal for guests, children or a home office.
The family bathroom is fitted with a modern three-piece white suite comprising a panelled bath with shower over, low-level WC and wash hand basin.
Outside, the enclosed rear garden is mainly laid to lawn with a patio seating area, creating the perfect space for outdoor dining and entertaining.
The garden is enclosed by timber fencing and benefits from gated side access for added convenience. To the front of the property, a private driveway provides off-road parking for multiple vehicles.
Combining modern accommodation with a highly sought-after location, this fantastic home is conveniently positioned close to local amenities, schools and excellent transport links, making it an excellent choice for first-time buyers and those looking to enjoy a well-connected lifestyle.
The rent, service charges, insurance and management charge are currently £178.10 pcm for the 25% shared ownership.
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 Colossus Way, Costessey, Norwich
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