Summary - 124A WATERLOO ROAD, NORWICH NR3 3HZ
1 bed 1 bath Ground Flat
Affordable city-centre renovation opportunity with long lease and parking potential.
Ground-floor one-bedroom flat, around 49 sq m (327 sq ft)
Requires improvement; cosmetic and likely system upgrades needed
Double glazed, gas central heating with boiler and radiators
Long lease: 960 years remaining (from 999-year term)
Vacant possession; previously let — suitable for letting after works
Paved front area may allow parking, subject to consents
No rear access; limited internal space
Auction sale with admin fee £1,200 and buyer’s premium £960
A compact one-bedroom ground-floor flat offered for sale by livestream auction. The property is double glazed, has gas central heating and a long lease (960 years remaining), making it suitable for investors or buyers looking for an affordable city-base close to Norwich centre. It will be sold with vacant possession.
The flat needs improvement throughout to realise its potential; cosmetic and likely kitchen/bathroom upgrades are required. There is no rear access and internal space is limited, so careful planning is needed to make the most of the layout. The paved front area might be converted to off-road parking subject to consents.
Practical costs to note: an administration fee of £1,200 (inc VAT) and a buyer’s premium of £960 (inc VAT) are payable on exchange, and viewings are arranged prior to the auction. The area has above-average crime and is classified locally as a cosmopolitan student neighbourhood and wider private-renting new arrivals area, which buyers should factor into use and rental expectations.
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