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See how verdicts work2-bedroom flat · NR3 1ED
Sold STCListed 288 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £190,000 High yielding freehold residential investment comprising two flats let producing £15,900 pa This end terraced property extends to around 98 sq/m.
It is arranged as two self contained one bedroom flats let producing £15,900 pa.
3a is a one bedroom ground floor flat accessed via the side rear let on a twelve month assured shorthold tenancy dated August 2025 at £725 pcm (£8,700 pa).
3b is a one bedroom first floor flat accessed from the front let on an assured shorthold tenancy at £600 pcm (£7,200 pa). This high yield makes it an attractive buy to let investment opportunity.
First time to market in over 25 years. On instruction of executors.
3a (47 sq/m) Ground floor: bedroom, living room, kitchen, bathroom 3b (51 sq/m) First floor: bedroom, living room, kitchen, bathroom Outside Small front shingle garden and side and rear garden Note The photos of the flat were taken before the tenant moved in.
Council Tax Band A Viewing Open viewings are arranged in conjunction with the two tenants and the final opportunity is on Friday 6th February Please call the Norwich office to book the next available appointment.
Tenure: Freehold EPC Rating: 3a: E 3b: C Administration Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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
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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
Agent & docs
FAQ
About 3 Temple Road, Norwich, Norfolk NR3 1ED
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