Summary - ALBION MILL APARTMENT 305 KING STREET NORWICH NR1 2BU
1 bed 1 bath Flat
Compact city living with parking and a very long lease, ideal for first-time buyers.
Long lease: 979 years remaining
Allocated underground/off-street parking space
Short walk to Norwich city centre and Riverside amenities
High flood risk — insurance likely costly
Very high local crime levels — security considerations
Service charge approx. £2,001.62 pa; ground rent £150 pa
Electric storage heating (no gas) — potentially higher running costs
Compact one-bedroom layout, 467 sq ft — suitable for singles/couples
This one-bedroom apartment in Albion Mill offers compact, city-centre living with clear practical benefits for first-time buyers or buy-to-let investors. The flat sits within a converted mill development close to Norwich city centre and Riverside amenities, with secure entry and allocated underground/off-street parking — a rare convenience for central properties.
Internally the accommodation is straightforward and well presented: a light lounge, fitted modern kitchen, double bedroom with built-in wardrobe and a contemporary bathroom. The long lease (979 years remaining from 2005) removes typical short-lease worries, and double glazing plus electric storage heating make the flat easy to manage. Broadband speeds are good and mobile signal excellent — useful for home workers or tenants.
Buyers should note material negatives honestly. The property sits in a high flood-risk area and local crime statistics are very high; suitable insurance and security awareness are essential. Annual costs include a service charge (approx. £2,001.62) and ground rent (£150), and heating is electric storage rather than gas, which can be more expensive for heavy users.
Overall this apartment suits someone seeking a compact, low-maintenance city base or a central rental investment. The combination of long lease, allocated parking and proximity to the city centre delivers convenience and rental appeal, but factor in flood risk, higher-than-average service charges and local crime figures when deciding to view or offer.
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