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See how verdicts work2-bedroom flat · NR8 5EH
Listing removedListed 146 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IN SUMMARY Guide Price £130,000 - £150,000. This FIRST FLOOR FLAT has been an IDEAL INVESTMENT but would also make a GREAT FIRST BUY.
Tucked away, with ALLOCATED PARKING OPPOSITE and with a remaining 131 year lease, manageable service charges and ground rent in the region of £500 PA ensure the property is easy to run.
Finished with GAS FIRED CENTRAL HEATING and double glazing, BUILT-IN STORAGE can be found in the hall, with the accommodation including a 19' SITTING/ DINING ROOM enjoying a DUAL ASPECT with a fully fitted KITCHEN including INTEGRATED APPLIANCES.
The inner hall offers doors opening to TWO DOUBLE BEDROOMS, serviced by the FAMILY BATHROOM with a shower over the bath. Only a SHORT WALK to the COUNTRY PARK, local SCHOOLS and SHOPS.
SETTING THE SCENE Within a residential cul-de-sac, the property is tucked in the corner, with allocated parking opposite.
The unassuming entrance is simply the front door, but upon entry the property opens up, and with its elevated position, enjoys a bright and inviting interior.
THE GRAND TOUR The front door opens into a self contained ground floor entrance, featuring a carpeted lobby and stairs rising to the main accommodation.
This area includes a radiator and offers the perfect place to store coats and shoes. Upon reaching the landing, you will find two built-in storage cupboards and access to the loft hatch.
To the left is the bright, open plan living space, finished with easy to maintain wood effect flooring and enjoying a dual aspect with uPVC double-glazed windows to the front and rear.
This versatile room provides ample space for both soft furnishings and a dining table.
The kitchen is smartly arranged along one wall, offering a range of base and wall-mounted storage, integrated cooking appliances, and dedicated space for a fridge/freezer and washing machine.
For peace of mind, the gas-fired central heating boiler, located in the corner has been serviced this year.
Both bedrooms are comfortably finished with carpeted flooring, radiators, and uPVC double-glazed windows.
Completing the home is the family bathroom, which features a three-piece suite with tiled splashbacks and a shower with a glazed screen over the bath.
FIND US Postcode : NR8 5EH What3Words : ///scouts.polices.staple VIRTUAL TOUR View our virtual tour for a full 360 degree of the interior of the property.
AGENTS NOTES This property is offered on a leasehold basis with 131 years remaining. Service charges are in the region of £354 per annum and ground rent of £199 per annum.
EPC Rating: C Garden THE GREAT OUTDOORS Whilst there are no gardens with the property, the Country Park and its walks are minutes away, whilst the allocated parking is opposite.
Disclaimer Anti-Money Laundering (AML) Fee Statement: To comply with HMRC's regulations on Anti-Money Laundering (AML), we are legally required to conduct AML checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF).
The cost of anti-money laundering (AML) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with HMRC regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
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
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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
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FAQ
About Magnolia Way, Queens Hill, Norwich
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