2-bedroom house · NR1 1GS
Let agreedListed 67 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Gilson Bailey Lettings are delighted to offer this third floor two double bedroom apartment within the riverside development situated close to local shops, supermarkets, gyms, cinema and train station.
The accommodation comprises of a secure communal lobby with lift to all floors, private entrance hall, large living room with door to private balcony, kitchen, double bedroom, second double bedroom, bathroom with shower over the bath, communal gardens, double glazing, electric central heating to radiators, Council Tax Band C, unfurnished ** Deposit and first months rent due upon sign up** **Please note, no parking is available with this property or in the near by area** Entrance Hall: Private entrance hall accessed via secure communal lobby with lift access.
Quality laminate floor, built in storage cupboards, radiator, entry-phone, doors to all rooms.
Living Room: Living room with glazed double doors to private balcony which allow much natural light in providing the room with a bright and welcoming feel, radiator. Opens to kitchen area.
Balcony: Glazed doors to private balcony. Outside light. Kitchen Area: Modern kitchen with ample storage and work surface.
Integrated appliances include induction hob, oven, cooker hood and fridge/freezer. Inset spot lighting, opens to living room. Bedroom 1: Large double bedroom, front aspect.
Bedroom 2: Second double bedroom, front aspect window, TV point, radiator. Bathroom: Modern suite in white comprising bath with thermostatic shower over, WC and wash basin.
Chrome heated towel rail, inset spotlighting, extensive tiling. Outside: Maintained communal gardens for residents use.
Parking: Please note: No parking is available with the property or in the surrounding area.
Agents Note: The tenants are in residence so these details and photos are only an indication of the property and some remedial work may be in progress.
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 Richard Hawthorn House, Geoffrey Watling Way Norwich
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