1-bedroom flat · NR3 3LD
Listing removedReduced £25 (−2.9%) on 13 AugListed 90 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the popular NR3 area, this well-presented one-bedroom flat on Penn Grove offers comfortable, low-maintenance living in a convenient location, making it an excellent choice for professionals or couples seeking a home with easy access to Norwich city centre The accommodation has been thoughtfully arranged to provide a bright and welcoming living environment.
The spacious reception room is filled with natural light, creating the perfect space to relax or entertain guests.
The well-appointed kitchen offers ample storage and workspace for everyday cooking, The generously sized double bedroom provides a peaceful retreat with room for additional furnishings.
Completing the property is a modern bathroom finished to a good standard.
Further benefits include one allocated parking space, providing valuable off-road parking, as well as a desirable residential setting within easy reach of local amenities, public transport links and major road connections.
The vibrant NR3 district is renowned for its independent cafés, pubs, shops and community atmosphere, making it one of Norwich's most sought-after locations.
Available to rent at £850 per calendar month, this attractive flat combines comfort, practicality and an excellent location, offering an ideal opportunity for tenants looking to enjoy all that Norwich has to offer.
Disclaimer Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
Information regarding broadband options and phone signal can be obtained from the Ofcom broadband and mobile coverage checker.
Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
Redress scheme provided by: Prs (PRS009461) Client Money Protection provided by: Propertymark Client Money Protection (C0012963)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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
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FAQ
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