2-bedroom flat · NR1 2PE
Let agreedListed 65 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gilson Bailey Lettings are delighted to offer this simply immaculate newly upgraded and improved spacious two double bedroom first floor apartment situated in this desirable residential location within easy walking distance to the city and close to local shops, schools and local amenities.
The accommodation comprises of a private entrance hall with storage, separate cloakroom, very large living room, superb re-fitted kitchen with all appliances, two big double bedrooms, re-fitted bathroom with double sized shower cubicle, private garden, gas central heating, double glazing, on street permit parking, Council Tax Band B, EPC C unfurnished.
Entrance Hall: Part glazed door to entrance hall, stairs to landing with two built in storage cupboards. Radiator. Cloakroom: Suite comprising WC and wash basin.
Chrome heated towel rail, extensive tiling, frosted window.
Living Room - 5.20m ( 17'1'') x 4.80m ( 15'9''): 16ft living room with two front aspect windows which allow much natural light in providing the room with a bright and welcoming feel, radiator.
Kitchen - 3.10m ( 10'3'') x 2.20m ( 7'3''): Kitchen with ample storage and work surface. Appliances include electric hob, oven, cooker hood, fridge/freezer, dishwasher and washer/drier.
Extensive tiling, under unit lighting. Bedroom 1 - 3.80m ( 12'6'') x 3.55m ( 11'8''): Large master bedroom with big front aspect window which allows much daylight in. Radiator.
Bedroom 2 - 4.20m ( 13'10'') x 2.60m ( 8'7''): Second big double bedroom, rear aspect window overlooking the garden. Radiator.
Shower Room: Suite comprising double sized shower cubicle with thermostatic shower, wash basin. Chrome heated towel rail, extensive tiling, frosted window.
Garden: Private garden area to the rear of the property, mainly laid to lawn. Timber storage shed. Parking: On street permit parking.
Agents Note: The tenants may still be in residence so these details and photos are only an indication of the property and there could be some requirement for remedial work before the start of a new tenancy.
Agents Note: There may be Furniture/furnishings along with white goods in the property when viewing that are not included in the tenancy . Please contact the office for further details.
Agents Note: Due to high demands, there may be multiple viewings at the same time and cannot guarantee a solo viewing at any one time.
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.
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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 Patricia Road, Norwich
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