Summary - 61 GILMAN ROAD NORWICH NR3 4JB
1 bed 1 bath Flat
**Standout Features:**
- **Location**: Quiet second-floor flat in a contemporary apartment block, just under 2 miles from the city center.
- **Investment Potential**: Currently let producing £600 PCM (£7,200 PA) with a secure tenant in place.
- **Lease Details**: 956 years remaining on lease; annual ground rent of just £40.
- **Modern Amenities**: Good EPC rating of C, modern kitchen and bathroom, double-glazed windows.
- **Off-Road Parking**: Private car space included.
- **Low Council Tax**: Band A-rated, ensuring minimal costs.
**Summary:**
Discover a fantastic investment opportunity with this charming second-floor flat located in a well-maintained late 20th-century apartment complex. Spanning approximately 430 square feet, this one-bedroom home features a modern kitchen and bathroom, all in good decorative order. Enjoy a steady annual rental income of £7,200 from an established tenant, providing immediate financial returns.
Despite its compact size, this flat boasts a functional layout and offers off-road parking—a rare find in the area. With an outstanding lease of 956 years remaining, low ground rent, and minimal council tax, this property is ideal for investors seeking a reliable income stream.
While the apartment is in good condition, potential buyers should consider its small size, which may be more suited for individuals or couples. This flat is set for auction on Thursday, 08 May 2025, and with rental prospects and a prime location near city amenities, it’s an opportunity you won’t want to miss!
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