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See how verdicts work2-bedroom terraced house · NR6 5HS
Listing removedListed 810 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **retirement bungalow** Located within a managed residential development for the "over 55's" and use of the delightful communal grounds, residents lounge and built in emergency response alarm!
This home also comes with an enclosed low maintenance garden and would offer a straight move in feel!
Description A fantastic opportunity for customers looking for a retirement bungalow located in the popular suburb of Hellesdon.
Situated just off the Reepham Road, Merchant Way benefits from a convenient bus stop on the opposing side of the road to the entry of this development and within the close there are a range of apartments and bungalows.
Property management services are provided for purchasers seeking independent living with the benefit of a development manager and 24-hour care line response system.
The development features residents lounge and overlooks a delightful communal garden with pergola and seating area, ideal for interacting with other residents.
Internally the accommodation comprises of; entrance hall, shower room, kitchen, lounge/dining room, two bedrooms and conservatory. An internal viewing is highly recommended!
Entrance Hall Upvc double glazed external entrance door to front aspect, two store cupboards and doors to shower room, two bedrooms and lounge/dining room.
Shower Room Suite comprising shower cubical, wc, hand wash basin, electric towel rail and upvc double glazed window to front aspect.
Bedroom One 14' 6" x 8' 7" ( 4.42m x 2.62m ) Upvc double glazed window to rear aspect and electric radiator.
Bedroom Two 11' 5" into door recess x 8' 2" ( 3.48m into door recess x 2.49m ) Upvc double glazed window to rear aspect and electric radiator.
Lounge/Dining Room 17' 8" x 10' 4" ( 5.38m x 3.15m ) Electric radiator and feature fireplace with internal sliding doors opening into conservatory/ Conservatory 8' 1" x 8' 9" ( 2.46m x 2.67m ) With french doors opening into garden.
Kitchen 9' 5" x 7' 2" ( 2.87m x 2.18m ) A range of wall and base units with work surfaces over, 1 1/2 bowl sink and drainer, electric hob and oven and upvc double glazed window to front aspect.
Outside Externally the property benefits from an enclosed low maintenance rear garden laid to slabs with decorative borders and is enclosed by panelled fencing.
Agent Note This property is leasehold; the lease length is 125 years from 1986 with 87 years left to run. This property is subject to service charges and ground rent.
The current annual charge for period 30/09/2024 - 30/09/2025 is £2638.41 and the ground rent is £317.66 per annum, subject to annual review.
Further details can be obtained from the vendor's solicitor at time of purchase.
Directions Follow the W H Brown office in Hellesdon, follow the Reepham road towards the direction of Norwich City and over the first roundabout, Merchant Way can be found towards the end of the Reepham Road on the right-hand side.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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.
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FAQ
About 11, Merchant Way, Norwich
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