2-bedroom flat · NR2 2HY
Let agreedListed 101 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Flagship Private Lettings is delighted to bring this property to the rental market.
A two bedroom ground floor flat situated in a quiet residential block, close to local amenities and 1.5 miles from the city centre.
Accommodation comprises of: Entrance hallway Wood effect flooring, door entry handset and power sockets, doors leading to: Bathroom 3-piece suite comprising WC, basin, bath with overhead shower.
Vinyl flooring. Bedroom Double room with rear facing window. Carpeted flooring.
Kitchen Fitted kitchen with vinyl flooring and a range of wall and base units, space for a freestanding oven, fridge/freezer and washing machine. Gas boiler.
Living Room Carpeted floor, windows to front aspect. Bedroom Single room with front facing window. Carpeted flooring. Outside Outside there is a communal garden and residents parking area.
The property benefits from gas central heating, double glazing throughout and secure door entry system.
Council tax band B Current utilities suppliers; Anglian Water (water) Octopus Energy (gas & electricity).
Sewerage - Mains drainage Fibre broadband: Yes (cabinet) There are no rights or restrictions other than those relating to parking and use of the communal areas.
Please note: The plan for the kitchen is an illustration. Appliances are not included.
This home forms part of a wider portfolio of our private rented properties, which is currently being marketed for sale. Any sale would be to a buyer who takes on the tenancy with residents in place.
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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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
Agent & docs
FAQ
About Newmarket Road, NORWICH
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