Summary - 41 Magdalen Close NR3 1NE
1 bed 1 bath Apartment
Affordable one-bed with renovation potential near the train station — ideal first-time purchase or investment.
One-bedroom upper-floor apartment, approximately 442 sq ft
107 years remaining on the lease — long leasehold term
Needs renovation throughout; modernisation will increase value
Located near train station, shops, and extensive local amenities
High local crime rate; area classified as very deprived
Off-street permit parking; mains gas boiler and radiators
Very cheap council tax; low running costs
Fast broadband and excellent mobile signal
This one-bedroom upper-floor apartment in Magdalen Close offers an affordable entry into NR3’s well-connected city fringe. At 442 sq ft, the layout suits a first-time buyer or an investor seeking a rental in a busy, student-oriented neighbourhood close to the train station and local amenities.
The flat requires renovation throughout — updating the living space, finishes and services will unlock better rental yields or personal comfort. It benefits from a long lease (107 years remaining), mains gas central heating with boiler and radiators, off-street permit parking and low council tax, helping running costs remain modest.
Buyers should note clear drawbacks: the immediate area is classified as very deprived with a high crime rate, so prospective purchasers should consider security and tenant demand carefully. The property is mid-20th century stock and will need modernisation to reach market-average standards; buyers are advised to commission surveys and factor refurbishment costs into any offer.
For the right purchaser—someone seeking a budget city pad or a value-add rental—this apartment presents a straightforward improvement project in a convenient NR3 location with excellent mobile and fast broadband connectivity.
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