Summary - 138 MEADOW WAY NORWICH NR6 6XU
1 bed 1 bath Flat
Auction investment with parking and refurbishment potential.
Popular Hellesdon location near amenities and Norwich Airport
One double bedroom; small rooms and low ceiling heights
Allocated off-street parking space included
Vacant and requires general renovation throughout
61 years remaining on lease — likely restricts mortgage lending
EPC rated F; check energy improvement costs
Flat roof with water pooling noted; maintenance needed
Auction sale with £1,200 admin and £600 buyer’s premium
This one-bedroom first-floor apartment in Hellesdon is offered for sale by livestream auction and presents a clear opportunity for investors or buyers comfortable with renovation. The flat is vacant, has an allocated off-street parking space and basic double glazing, and sits within easy reach of local amenities, schools and Norwich Airport.
The property requires general updating throughout and shows signs of roof water pooling at the shared flat roof; internal description notes small rooms and low ceilings consistent with mid‑20th century construction. The lease has 61 years remaining — a materially short term that will likely restrict mortgage lending and reduce buyer pools unless lease extension is arranged.
Important sale conditions: the lot is auctioned with an administration fee of £1,200 and a buyer’s premium of £600 payable on exchange. Service charge details and any additional disbursements should be checked in the legal pack before bidding.
For investors seeking a high-yield prospect who can buy with cash or arrange specialist finance, this flat offers scope to add value after refurbishment. For most mortgage buyers, the short lease and need for works are significant drawbacks and should be factored into budgets and mortgage eligibility checks.
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