2-bedroom flat · NR7 8GP
Listing removedListed 246 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
VENDOR HAS FOUND! **GUIDE PRICE: £185,000 - £190,000** A superb opportunity for first-time buyers seeking a stylish, move-in-ready apartment with beautiful open field views.
This impressive two-bedroom home perfectly balances peaceful surroundings with convenient access to local amenities.
Finished to an excellent standard throughout, the property offers a light-filled, contemporary interior. The spacious open-plan living area with a modern fitted kitchen, creating an ideal space.
There are two generous double bedrooms, including a well-appointed principal bedroom with en-suite facilities.
Externally, the apartment benefits from allocated parking and a secure entry system, providing both convenience and peace of mind.
Location - This desirable suburb lies to the north-east of Norwich and offers a good selection of amenities to include schooling for all ages, local doctors surgery, popular shops, supermarkets, pubs and restaurants.
There is excellent public transport links to and from the City centre including the Sprowston Park & Ride service. There is ease of access to the Norwich Ring Road, NDR and Norfolk Broads.
Accommodation Comprises - Secure intercom entry with front door to: Entrance Hall - Doors to lounge/kitchen/diner, two bedrooms and bathroom.
Lounge/Kitchen/Diner - 6.15 x 14.5 (20'2" x 47'6") - Fitted wall and base units with worktops over, sink and drainer, fitted hob and oven, space for fridge/freezer and washing machine, two double glazed windows, radiator.
Bedroom One - 4.93 x 3.18 (16'2" x 10'5") - Double glazed window, radiator, built in wardrobe.
Door to ensuite En-Suite - Shower cubicle, low level WC, hand wash basin, radiator, frosted double glazed window.
Bedroom Two - 3.18m x 3.03 (10'5" x 9'11") - Double glazed window, radiator, built in wardrobe.
Bathroom - Panelled bath, low level WC, hand wash basin, radiator Outside - Two off road parking spaces and communal lawned gardens. Local Authority - Broadland District Council, Tax Band B.
Tenure - Leasehold – 125 years from and including 1 January 2017. Please note service/maintenance charges are Approximately £1100 per annum and ground rent is £130 per annum.
For further information, please contact the office. Utilities - Ultrafast full fibre broadband available. Mains gas, water and electric.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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 Pond Way, Sprowston, Norwich
Explore nearby
