Compact renovation opportunity near central Norwich for cash buyers or developers.
Chain free second-floor (top) apartment in a small six-flat block
One double bedroom, fitted kitchen, lounge, bathroom, good storage
Requires renovation — modernisation and energy improvements needed
Lease has 77 years remaining; lenders may refuse mortgages
Service charge approx £1,030pa; ground rent £100pa
Close to Norwich city centre, shops, transport and amenities
Fast broadband, excellent mobile signal; low local crime rate
Council tax very low
This top-floor one-bedroom apartment in NR1 offers a compact investment or renovation project within walking distance of Norwich city centre. Set in a small, well-maintained block of six apartments, the flat is chain free and benefits from a communal garden, double glazing, and good local transport and amenity links.
The accommodation includes a fitted kitchen, bright lounge, double bedroom, bathroom and a generous entrance hall with two large storage cupboards. The building dates from the mid-20th century and the property will require renovation to modernise finishes and services; there is clear scope to improve layout, décor and energy performance.
Important finance note: the lease has 77 years remaining. This is likely to restrict mortgage availability and could mean lenders refuse to lend. Buyers should check financing options or factor in the cost and process of extending the lease. Ongoing costs include an average service charge of £1,030 and a ground rent of £100 per annum.
For investors or buyers prepared to refurbish, the flat’s central NR1 location, low crime level, fast broadband and excellent mobile signal make it a practical urban let or a compact home. The property is chain free for a straightforward purchase, but the lease length and renovation requirement are material considerations for most buyers.
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