Summary - 152 GIPSY LANE NORWICH NR5 8AZ
2 bed 1 bath Apartment
Immediate rental income with parking near university and local amenities.
Rented at £1,100 PCM until September 2026
A straightforward buy-to-let opportunity close to the University of East Anglia, offered with an assured tenancy until September 2026. The first-floor, two-bedroom apartment is currently let at £1,100 PCM, providing immediate rental income and an approximate gross yield of 7.5% at the asking price of £175,000.
The apartment totals about 581 sq ft and includes a kitchen/breakfast room, lounge, two bedrooms and a bathroom. Off-street parking and contemporary kitchen fittings are practical assets for student or professional renters. The property is being sold leasehold and the seller is arranging a new lease; full lease details will be supplied once finalised.
Buyers should assess location-related risks: the area is classified as very deprived with hampered neighbourhood indicators, and the block’s exterior is dated and will need upkeep. This lot is marketed to investors only, with an existing tenancy in place, so viewings will be arranged around the current occupants and any refurbishment should be planned post-tenancy.
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