Summary - Russell Street, Norwich, Norfolk, NR2 NR2 4QT
2 bed 1 bath Apartment
Central let-ready flat with low flood risk and short completion lead time.
Chain free and currently tenanted — immediate rental income potential
Second-floor two-bed, circa 576 sq ft, efficient traditional layout
Secure entrance system and double-aspect lounge with good light
Leasehold with c.98 years remaining; service charge £840 pa
Permit on-street parking available at around £50 per year
Located minutes from Norwich city centre — strong transport links
Local area: very deprived with high crime — affects tenant mix
Reported slow broadband speeds; may need upgrades for higher rents
A ready-made buy-to-let in a central NR2 location, this two-bedroom second-floor apartment offers immediate rental income and easy access to Norwich city centre. The living room is double-aspect, providing good natural light, and the kitchen provides practical storage and appliance space. A secure entry system and permit on-street parking (c.£50 pa) add everyday convenience.
Practical investors will note the property is tenanted and offered chain free, making for a straightforward purchase. The flat is leasehold with c.98 years remaining and a below-average service charge of £840 pa. At about 576 sq ft, the apartment is compact but laid out efficiently for rental demand in the area.
Buyers should weigh the material negatives honestly: the flat sits in a very deprived neighbourhood with a high local crime rate, and broadband speeds are reported slow. These factors can affect tenant profiles and rental premiums. The building is a post-war brick block from the 1970s–80s and will suit hands-on landlords or those targeting value-conscious tenants.
Overall, this is a practical, low-fuss investment for purchasers comfortable operating in a tougher rental market. Its central location, low flood risk and existing tenancy reduce acquisition friction; however, factor in local socioeconomic challenges and potential for modest refurbishment to improve returns.
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