2-bedroom flat · NR4 7JR
Sold STCReduced £10k (−5.6%) on 22 JulListed 621 days
Opportunity summary
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About
** no onward chain ** This stylish two-bedroom ground-floor apartment is set within a modern purpose-built block, ideally located in a popular residential development.
The property features a spacious open-plan living area with integrated kitchen appliances and double doors providing direct access to the outside.
The master bedroom benefits from a bay window and mirrored storage, while the exterior offers a covered carport parking space adjacent to the apartment.
The front of the property is framed by mature hedging, with access via a shared entrance hall secured by a phone entry system.
At the rear, there is a well-maintained flower bed and a private residents’ parking area, where the apartment enjoys its designated covered parking.
Location Cringleford village is on the banks of the River Yare with local amenities to include Waitrose supermarket, doctors surgery, Ofsted rated outstanding schooling with popular pubs and restaurants in the neighbouring village of Eaton and other surrounding villages.
There is also ease of access to the vibrant and historic centre of Norwich, Eaton Park, University of East Anglia, Norfolk & Norwich University Hospital and the A11 main Cambridge/London route.
Accomodation Comprises Front door to: Entrance Hall Doors to, Bedroom one, Bedroom Two, kitchen/Dinner/lounge and bathroom. Bathroom Bath with shower overhead, Low level WC, Hand wash basin.
Bedroom One (4.07 x 3.35 (13'4" x 10'11")) Radiator, Built in wardrobes, Double glazed bay window. Bedroom Two (3.54 xx 3.10 (11'7" xx 10'2")) Radiator, double glazed window.
Kitchen, Lounge, Dining Room (5.60 x 4.29 (18'4" x 14'0")) Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, integrated fridge and freezer.
Radiator and double doors to front. Outside One allocated parking space (Car port under cover) Tenure Share of the freehold - One third share of the freehold, and there are approx.
982 years remaining on the lease. 1/3 contribution to the insurance of the building which needs to be signed over to the buyer, Current premium is £776 pa of which 1/3 share is £258 for reference.
Utilities Mains water and electric. Ultra fast broadband. Local Authority South Norfolk Tax Band B
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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
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FAQ
About 1, Dragonfly Lane, Cringleford
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