1-bedroom flat · NR1 1BW
For saleReduced £11k (−10%) on 27 AugListed 168 days
Opportunity summary
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About
**over 55's first floor apartment close to norwich train station and riverside walks** Gilson Bailey are delighted to offer with no onward chain this well-presented one-bedroom first floor apartment, ideally located in the heart of the City Centre, offering convenient and secure living.
The accommodation comprises a communal entrance with intercom access leading to a private entrance hall, a bright and comfortable lounge/diner, a modern fitted kitchen, a generous double bedroom and a stylish shower room.
Externally, residents can enjoy well-maintained communal gardens and the added benefit of visitors parking.
Further features include double glazing, modern electric heating, an emergency pull-cord system, a 24-hour care line and access to two residents’ communal lounges, providing both peace of mind and a welcoming community atmosphere.
A superb opportunity for those seeking comfort, security and central living-early viewing is highly recommended.
Location The Cathedral city of Norwich is set in the heart of East Anglia and has everything you would desire in a vibrant regional capital, including wonderful shopping facilities with two shopping malls including Chantry Place, and a wide range of independent boutique shops in the Norwich lanes.
There is a wide array of restaurants, bars, coffee shops, a dynamic nightlife which caters for all age groups, and the Theatre Royal is one of the country’s oldest established theatres.
The city is the most complete medieval city in the United Kingdom, including cobbled streets such as Elm Hill, Timber Hill and Tombland, with ancient buildings including St Andrews Hall, two Cathedrals and Norwich Castle.
The River Wensum flows throughout the city with various pubs located along the river and with boat hire available.
There are excellent transport links with Norwich train station providing a regular mainline service into London Liverpool Street, Cambridge and towards the coast.
Norwich International Airport is also situated only 4 miles from the city centre. The city has two Universities including the University of East Anglia and Norwich University of The Arts.
There are fantastic schools and colleges around the city and suburbs.
Norfolk itself is arguably most famous for its man-made broads, a national park with over 125 miles of waterways set in beautiful countryside surrounded with charming and picturesque towns and villages with Wroxham, the capital of the broads, approximately 8 miles from the centre of Norwich.
Accommodation Comprises Secure intercom entry with stairs and lift to first floor. Entrance Hall Doors to lounge/diner, bedroom and shower room.
Lounge/Diner (5.50 x 3.17 (18'0" x 10'4")) Double glazed window, electric heater.
Kitchen (2.76 x 2.01 (9'0" x 6'7")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge, double glazed window.
Bedroom (4.47 x 2.58 (14'7" x 8'5")) Double glazed window, electric heater, fitted wardrobes. Shower Room (1.99 x 1.69 (6'6" x 5'6")) Shower cubicle, low level WC, hand wash basin, extractor fan.
Outside Attractive communal gardens and visitors parking. Local Authority Norwich City Council, Tax Band A. Tenure Leasehold - Term 125 years from 1 June 1985.
Please note ground rent is £259.58 per annum and service/maintenance charges are £3345.58 per annum. For further information, please contact the office. Utilities Fibre to the property.
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
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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
Agent & docs
FAQ
About 11 Cavendish House, Recorder Road, Norwich
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