2-bedroom terraced house · NR3 1JY
Listing removedListed 148 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Having recently undergone full redecoration, new flooring throughout and new fitted kitchen, this north city terrace will be highly desirable situated in the ever popular NR3.
The area is bustling with life and has an array of amenities, not to mention its prime location with easy access in to Norwich city centre.
Accommodation comprises: Porch entrance, living room, dining room with under-stair storage, galley kitchen, rear lobby, bathroom with shower over bath.
Stair to first floor landing, front bedroom with storage, middle bedroom to rear aspect, box bedroom off middle bedroom. Outside: low maintenance front and rear gardens.
• Available August 2026 *Subject to referencing* • Rent £1,100.00pcm • Holding Deposit £250 • Tenancy Deposit £1,269.23 • Unfurnished • uPVC Double Glazing • Gas Central Heating • Two Double Bedrooms and Box Room • Bathroom with shower over bath • On Street Permit Parking • Low maintenance garden • EPC rating D 63 • Council Tax Band – Band A – Norwich City Council • Ofcom postcode check suggests that ultrafast broadband is available at this property • Ofcom postcode check suggests that mobile coverage (voice & data) is LIMITED inside this property • We have been informed that all services (Electric, Gas, Water & Drainage) are all connected and functional at the time of listing.
The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments: A holding deposit (up to 1 week's rent) A tenancy deposit of 5 weeks' rent A payment of up to £50 inc VAT to alter the tenancy agreement, when requested by a tenant, or reasonable costs incurred if higher Interest at a rate of 3% above the Bank of England’s base rate, for late payment of rent (which is more than 14 days overdue) A payment of £50 inc VAT for the replacement of a lost key or security device Payments associated with early termination of the tenancy when requested by the tenant Payments to service providers in respect of utilities, communication services, TV licence and council tax Other payments, permitted under appropriate legislation, including damages.
The agent is a member of The Property Ombudsman Limited, which is a redress scheme, and Propertymark, which is a client money protection scheme.
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 Shipstone Road, NR3
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