2 bedroom flat

Guide Price £170,000 - £190,000 This apartment in Norwich offers a rare investment opportunity with the potential to achieve a 19% yield, depending on the final sale price. With an occupancy rate of over 90% and an annual turnover exceeding £38,000 for the 2023-2024 period, it proves to be a highly sought-after rental property. The apartment combines historical charm with modern upgrades, featuring a spacious living room, two generously sized bedrooms, and a stylish L-shaped kitchen. Its central location, close to colleges and offices, ensures consistent demand from tenants, both short-term and long-term. With the option to secure a parking space, this well-maintained property presents exceptional potential for both homeowners and investors.

The Location

Norwich NR2 is a vibrant area located in the heart of the historic city of Norwich. Known for its charming blend of urban and suburban living, NR2 features a mix of residential streets, green spaces, and a wide range of local amenities. The area is home to various cafes, shops, and independent businesses, offering a sense of community and convenience.

Close proximity to Norwich city centre makes it ideal for those who enjoy easy access to cultural attractions, historical sites, and transport links. With excellent schools and parks, NR2 also offers a great environment for families. Whether you're a young professional, student, or someone looking for a quieter neighbourhood, NR2 is a popular choice.

James Frost House

This renovated apartment in the heart of Norwich presents an incredible investment opportunity, with the potential to deliver an impressive 19% yield depending on the final sale price. Beyond its attractive interior, the property is located in a prime central area, housed within a period building that seamlessly blends historical charm with modern upgrades.

The addition of a lift and thoughtfully executed renovations elevate the property’s appeal, making it an exceptional choice for both homebuyers and investors. Whether you’re seeking a stylish residence or a high-return investment, this apartment is truly a rare find.

The apartment’s prime central location ensures consistent demand, thanks to its close proximity to colleges and offices. This makes it a top choice for serviced accommodation, as both short-term and long-term bookings remain strong.

The property offers further appeal with the option to negotiate a parking space with the landowner, though the price is to be confirmed by the new owner. The current maintenance fee does not include parking, but previous arrangements had been made for approximately £2,000 per year, which will now be subject to negotiation.

The spacious interior layout enhances the overall experience, beginning with a large living room that is flooded with natural light from an expansive window. This bright, open space creates a welcoming atmosphere perfect for relaxation or social gatherings. Two generously sized bedrooms provide plenty of room for comfort, while the luxurious bathroom, with its marble aesthetic and contemporary fixtures. The L-shaped kitchen is a standout feature, offering abundant space for appliances and providing a functional yet stylish space for cooking and entertaining.

This well-maintained, spacious property offers exceptional potential, both as a home and a high-yield investment, making it a prime opportunity in one of Norwich’s most sought-after areas.

Agents Note

Sold Leasehold

Connected to all mains services

102 years remain on the lease

Ground Rent: £200

Maintenance: Average £4,500 p/a

Disclaimer

Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client. We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract. To comply with AML regulations, £52 is charged to each buyer which covers the cost of the digital ID check. It’s recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.