Compact city pad close to UEA, hospitals and cafés.
Modern fitted kitchen and shower room, well presented throughout
Previously rented at £875pcm — circa 11.6% gross return
Second-floor studio with double glazing and electric storage heaters
106 years remaining on lease; leasehold with £242 ground rent
On-street permit parking; no dedicated parking space
Flat roof and external stairs; communal upkeep and access considerations
Cavity walls assumed uninsulated; potential energy upgrade opportunity
Slow broadband speeds; check connectivity if working from home
Set on the second floor in the popular Golden Triangle, this studio offers straightforward, low‑effort ownership with immediate rental potential. The open-plan living area includes a modern fitted kitchen and shower room; double glazing and recent finishes mean the flat is ready to let or move into. Previously achieved £875pcm rental income, indicating a strong gross yield for investors.
Practical details suit a buy-to-let or first purchase: 106 years remaining on the lease, no onward chain, and on-street permit parking. Running costs are mixed — council tax is very low, but heating is via electric storage heaters and main fuel is electricity, so buyers should check likely energy bills.
There are some material points to note: the block is a post‑war build with a flat roof and external communal staircases, cavity walls are assumed uninsulated, and broadband speeds in the area are slow. Ground rent is listed at £242 and the property is leasehold, so purchasers should factor in leasehold costs and potential additional fees (lease packs, surveys).
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