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See how verdicts work1-bedroom flat · NR3 2JW
Listing removedReduced £5k (−4.2%) on 12 AugListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Enjoying distant views towards Norwich Cathedral and within walking distance of the city centre, this beautifully refurbished apartment offers stylish, move-in-ready accommodation in the sought-after NR3 area.
Freshly decorated throughout, the property features a bright living room, contemporary fitted kitchen, modern shower room and a generous double bedroom.
Further benefits include a private storage shed and access to a communal lawned area.
Well placed for local amenities, independent cafés, shops and transport links, the apartment combines convenience with modern living.
An excellent opportunity for first-time buyers, professionals, downsizers or investors alike.
The Location Situated just to the north of Norwich city centre, Berners Street enjoys a convenient position within the ever-popular NR3 district, an area renowned for its characterful period properties, vibrant independent businesses and strong sense of community.
Residents benefit from a wide range of nearby amenities, including cafés, restaurants, traditional pubs, supermarkets, convenience stores and well-regarded schools, while regular public transport services provide easy access to the city centre and surrounding areas.
NR3 has become one of Norwich's most sought-after locations, appealing to professionals, families and first-time buyers alike thanks to its blend of urban convenience and neighbourhood charm.
Nearby Magdalen Street and St Augustine's Street offer an excellent selection of independent shops, eateries and local businesses, contributing to the area's distinctive character.
Norwich city centre is within easy reach and offers an extensive range of retail, dining and leisure facilities, alongside cultural attractions including Norwich Cathedral, Norwich Castle and the Theatre Royal.
Norwich Railway Station provides direct services to London Liverpool Street and Cambridge, making the area an attractive option for commuters.
For those who enjoy outdoor space, the nearby River Wensum, Waterloo Park and Wensum Park offer pleasant walking routes, recreational facilities and green open spaces, further enhancing the appeal of this well-connected and highly regarded city location.
Berners Street, Norwich This fully refurbished apartment presents an excellent opportunity for those seeking a stylish, move-in-ready home within walking distance of Norwich city centre, while also benefiting from distant views towards Norwich Cathedral.
The property has been extensively improved throughout, including fresh decoration, a contemporary fitted kitchen and a modern shower room, creating a bright and welcoming living environment.
The living room offers a comfortable and inviting space, filled with natural light, while the separate kitchen has been newly fitted with a range of modern units and integrated appliances, including an oven and hob, providing both practicality and style.
The generous double bedroom offers ample space for furnishings and is complemented by the sleek shower room, finished to a contemporary standard.
Throughout the property, the recent refurbishment creates a clean, modern aesthetic, ideal for buyers looking to move straight in and enjoy.
Outside, residents can enjoy a communal lawned area, while the property also benefits from its own private storage shed, providing valuable additional storage space.
Combining modern interiors, Cathedral views and a highly convenient location close to the city centre, this is a superb home suited to first-time buyers, professionals, downsizers and investors alike.
Agent’s Note This property is being sold leasehold, with approximately 89 years remaining on the lease. The property is connected to mains water, electricity and drainage.
The vendor is currently unable to confirm the annual ground rent and service/maintenance charges.
We are in the process of obtaining this information and will update interested parties as soon as it becomes available.
EPC Rating: E Disclaimer Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client.
We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract.
To comply with aml regulations, £52 is charged to each buyer which covers the cost of the digital id check.
It’s recommended to verify leasehold charges provided by the seller through legal representation.
All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively.
It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents.
Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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.
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FAQ
About 38 Berners Street, Norwich
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