Summary - Gipsy Lane, West Norwich NR5 8AL
2 bed 1 bath Flat
Immediate rental income in a compact, well-presented flat near the university.
Freehold two-bedroom ground-floor flat, currently let at £1,200 pcm
Walking distance to UEA — strong student/staff rental demand
Private rear garden and contemporary fencing
Driveway parking for up to three cars, off-street
Small overall size — about 480 sq ft, limited living space
Area classified as very deprived; hampered neighbourhoods profile
Council tax very cheap; fast broadband available
Investors only — sold with sitting tenant
This ground-floor two-bedroom flat on Gipsy Lane is presented as an investor opportunity with immediate rental income. The property is freehold, currently let at £1,200 per month, and offers a private rear garden plus off-street parking for up to three cars — features that help with lettability in this part of West Norwich.
The home is compact at about 480 sq ft and nicely presented internally, with a kitchen/breakfast room, sitting room and one bathroom. It sits within walking distance of the UEA, which supports demand from students and staff, and benefits from fast broadband and local convenience amenities.
Buyers should be aware of material location factors: the area is classified as very deprived with a local profile of social-renting young families and “hampered neighbourhoods.” Crime and mobile signal are average. The flat’s small size and single bathroom limit flexibility for larger households but suit a rental market focused on students or couples.
Overall this is a straightforward, income-producing freehold flat with parking and a garden — attractive to buyers seeking a low-maintenance investment close to the university. Prospective purchasers should factor local area challenges into yield expectations and management plans.
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