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See how verdicts work1-bedroom flat · NR2 4LG
Listing removedListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are acting in the sale of the above property and have received an offer of £84,000 on the above property.
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place One Bedroom Ground Floor Apartment – Heigham Street, NR2 Leaders are pleased to present this one-bedroom ground floor apartment, located just off Heigham Street in the popular NR2 area.
Situated within easy walking distance of Norwich city centre and a wide range of local amenities, this property is well positioned for both owner-occupiers and investors.
With a potential rental yield of up to 10%, it offers an excellent investment opportunity as well as making an ideal first home.
The property is accessed via a communal entrance shared by just four apartments. Inside, the entrance hall provides space for coats and shoes, along with a useful built-in storage cupboard.
The double bedroom is a good size and benefits from built-in storage, while overlooking the green space at the front of the development.
The dual-aspect living room is bright and spacious, with windows to both sides allowing plenty of natural light.
It also features built-in storage and a fitted media wall, creating a practical living space. The kitchen is fitted in a u-shaped layout and overlooks the communal gardens to the rear.
It offers plenty of cupboard and worktop space, with room for appliances. The accommodation is completed by a three-piece bathroom.
Outside, residents have access to well-maintained communal gardens surrounding the development. For more information or to arrange a viewing, please contact Leaders today.
Please note, ai has been used to edit these marketing images.
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.
Area
Agent & docs
FAQ
About 248, Heigham Street, Norfolk
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