4-bedroom house · NR7 0JQ
Sold STCReduced £50k (−7.7%) on 4 SepListed 156 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Approaching the property, you are greeted by a substantial front lawn bordered by a traditional brick wall and mature shrubs, giving the home both privacy and an impressive presence set back from the road.
Stepping inside, the entrance hall leads to the dining room, sitting room and first floor accommodation.
The dining room is a particularly generous dual aspect space, filled with natural light and featuring a cast iron fireplace with wooden surround, decorative coving, carpeted flooring and a useful storage cupboard.
The kitchen sits to the rear and offers an array of hardwood wall and base units in keeping with the age and character of the home, alongside a breakfast bar and space for a range of appliances.
The main living room is an excellent size with dual aspect windows, including a bay window to the front, creating a bright yet cosy living space.
Off the sitting room is the fourth double bedroom, complete with a newly renovated three-piece ensuite.
Flooring has intentionally been left unfinished, allowing a buyer the opportunity to choose their preferred finish.
Upstairs, the spacious landing leads to three further double bedrooms and the family bathroom.
The principal bedroom enjoys dual aspect windows, a functioning cast iron fireplace, walk-in dressing room and a beautifully renovated ensuite completed in 2023.
Bedrooms two and three are both generous doubles with ample space for furnishings. The family shower room was also renovated in 2023.
Further improvements include a full rewire, replacement gas combi boiler and heating system in 2023, alongside new windows installed in 2022.
Externally, the rear garden is fully enclosed with a mix of lawn and hardstanding.
Electric gates provide access to the driveway leading to the substantial garage measuring 6.8m x 5.8m, complete with electric door and power.
A useful external utility store also benefits from plumbing and electric for white goods as well as an outside W/C.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About 88, Thunder Lane, Norwich
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