2-bedroom flat · NR13 3RL
Listing removedReduced £10k (−6.7%) on 16 JulListed 380 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** guide price £150,000 - £160,000 *** no onward chain *** Gilson Bailey are delighted to offer this chain free, first floor flat with two double bedrooms and parking, located on a quiet cul de sac in the sought after location of Acle.
This deceptively spacious property is accessed by a communal, secure entry system with stairs leading to the first floor.
The full accommodation comprises entrance hall, kitchen, bay fronted sitting/dining room, two double bedrooms and a modern shower room. Outside the property has communal gardens and allocated parking.
This flat makes the ideal first time buyer home or perfect for any landlord seeking to add to their portfolio.
Location The village of Acle offers easy access to the A47 leading into Norwich and Great Yarmouth.
The village is popular due to the train station and the broad range of amenities including the popular Acle Academy secondary school, doctors, coffee shops, supermarket, places to eat and many more.
Communal Entrance Entrance Hall Fitted carpet, doors to all rooms, access to loft space, storage cupboard, boiler cupboard.
Kitchen - 10'10" (3.3m) x 8'9" (2.67m) Vinyl flooring, range of fitted base and wall units with rolled edge work surfaces, intergrated electric oven, hob and hood, plumbing and space for washing machine, space for free standing fridge freezer, space for dishwasher, double glazed window to side, tiled splash backs.
Sitting/ dining room - 20'6" (6.25m) x 10'6" (3.2m) Fitted carpet, radiator, double glazed window to front, double glazed bay window to side.
Bedroom one - 12'1" (3.68m) x 11'11" (3.63m) Fitted carpet, radiator, double glazed window to side. Bedroom two - 11'8" (3.56m) x 8'2" (2.49m) Fitted carpet, radiator, double glazed window to rear.
Bathroom Tiled flooring, low level WC, vanity sink unit, shower cubicle with thermostatically controlled shower over, tiled walls, radiator, obscured double glazed window to side.
Outside Allocated parking space.
Agents Notes Lease remaining - 89 Years Service charge & Ground rent combined - £1200 per annum what3words /// voice.encodes.computers Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Gilson Bailey cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
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 32, Cardington Court, Norwich
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