2-bedroom house · NR8 5EH
Listing removedListed 167 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Alexander & Co is proud to present an immaculate two bedroom coach house located in the popular development of Queens Hills.
Situated in the popular development of 'Queens Hill' this coach house is a viewing must.
With a convenient location to the west of Norwich there is ease of access to the A47 bypass, a good bus route to the city centre as well as Longwater Retail Park with shopping and gym facilities.
The property has private entrance which leads to the first floor. There is a large lounge with fully equipped kitchen off, two bedrooms and a bathroom.
The property offers uPVC double glazing and gas central heating throughout.
APARTMENT AVAILABLE JUNE UNFURNISHED LOUNGE/KITCHEN TWO BEDROOMS BATHROOM PARKING EPC RATING – C Holding deposit - £219 Damage deposit - £1096 Council tax band - B EPC Rating - C The asking rent does not include charges that may be payable before and/or during the duration of the tenancy, therefore you may be required to make one or more of the following permitted payments: A holding deposit (up to 1 week's rent) A tenancy deposit of 5 weeks' rent A payment of up to £50 inc VAT to alter the tenancy agreement, when requested by a tenant, or reasonable costs incurred if higher Interest at a rate of 3% above the Bank of England's base rate, for late payment of rent (which is more than 14 days overdue) A payment of £50 inc VAT for the replacement of a lost key or security device Payments associated with early termination of the tenancy when requested by the tenant Payments to service providers in respect of utilities, communication services, TV licence and council tax Other payments, permitted under appropriate legislation, including damages.
The agent is a member of The Property Redress Scheme, which is a redress scheme, and Client Money Protect, which is a client money protection scheme.
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 Magnolia Way, Costessey, Norfolk
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