2-bedroom flat · NR6 7GQ
Listing removedListed 343 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FIXED PRICE £48,750.00 (25% share).
This beautifully presented shared ownership (25% share) two bedroom first floor apartment is offered in immaculate condition and would make an ideal first time purchase.
Accessed via a communal entrance with secure entry shared only with the property above and cycle facilities below, the apartment opens into a welcoming hallway with a useful storage cupboard.
Both bedrooms are doubles, with the principal bedroom benefiting from built-in wardrobes. The well presented bathroom complements the contemporary feel throughout the home.
The spacious lounge/diner features a Juliet balcony with pleasant views, creating a bright and airy living space.
Adjoining this area is a high quality fitted kitchen complete with integrated appliances including a fridge/freezer, washing machine, dishwasher, and an electric hob, oven, and grill.
The property also includes two allocated parking spaces and access to a secure cycle storage unit, shared with just one neighbouring property.
With the remainder of the NHBC warranty in place, this modern apartment offers stylish, low maintenance living in a desirable setting. Early viewing is highly recommended.
AGENTS NOTE: Certain Terms and Conditions must be met by prospective purchasers.
Please visit Location This property is ideally situated on the sought after Myhill Drive in Old Catton, a popular residential area offering a superb blend of convenience and community.
The location benefits from excellent local amenities, including a Morrisons supermarket, doctor`s surgery, and a range of local shops and services all within easy reach.
Families will appreciate the well regarded local schooling and access to several nearby parks and green spaces, perfect for leisure and recreation.
There are good public transport links providing easy travel in and out of Norwich City centre, while motorists will find straightforward access to the Northern Distributor Road (NDR), connecting to surrounding towns and major routes.
A friendly local pub is also close by, offering a welcoming spot for socialising and dining.
Overall, Myhill Drive combines a peaceful residential setting with outstanding convenience, making it an ideal location for families and professionals alike.
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.
Pymm & Co 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.
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About Myhill Drive, Old Catton
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