Summary - 3A THE GROVE, WOODCOCK ROAD, NORWICH NR3 3TN
1 bed 1 bath Flat
**Standout Features:**
- First-floor one-bedroom flat
- Current rental income: £481.01 pcm (£5,772.12 pa)
- Guide price: £50,000 to £70,000; auction date: May 8, 2025
- Double glazing and gas central heating
- Modern kitchen and bathroom, in good decorative order
- Approx. 322 sq ft of living space
- 70 years remaining on the lease (potential mortgage complications)
**Notable Concerns:**
- Short lease may limit financing options
- Average local area classification with aspects of deprivation
- £1,068 annual service charge, small ground rent of £15
This charming one-bedroom flat offers a solid investment opportunity, generating a healthy rental income while conveniently located just two miles north of Norwich city center. The home features a contemporary kitchen, modern bathroom, and cosy living space, making it attractive for both tenants and first-time buyers seeking manageable living space. The property has been well-maintained and benefits from double glazing and gas central heating.
However, the remaining 70 years on the lease may pose challenges for potential buyers reliant on a mortgage. With a guide price starting at just £50,000, this is an exciting opportunity to invest in a thriving rental market. The average crime rate in the area, combined with excellent broadband speed and nearby amenities, adds to the property’s appeal.
Don’t miss out on this rare chance to secure a rental income flat—perfect for those looking to enter the investment market or homeowners wishing for a cozy retreat. Act quickly, as properties like this are hard to come by and likely to attract interest!
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