Summary - 114 Waterloo Road NR3 3HZ
1 bed 1 bath Flat
Freehold buy-to-let near Norwich city centre with private garden and garage.
Freehold flat with no service charges
A straightforward buy-to-let opportunity in NR3 offering a spacious one-bedroom apartment with private garden and garage. The flat is offered freehold with no service charges, currently let on a rolling assured short-hold tenancy producing rental income of £8,700 per year — appealing to investors seeking immediate cashflow close to Norwich city centre.
The apartment occupies the first floor of an end-terrace building (c.1900–1929) and has a large lounge, separate kitchen, double bedroom, bathroom plus separate WC. Heating is mains gas with a boiler and radiators; double glazing is in place but predates 2002. The enclosed rear garden and garage provide useful external storage and potential to improve kerb appeal, though the garden is currently overgrown and will need basic maintenance.
Location strengths include easy access to local amenities, eateries and public transport; several nearby schools and frequent student/residential demand support rental stability. Notable negatives for buyers: the neighbourhood has above-average crime and higher area deprivation indicators, walls are likely uninsulated cavity construction, and the EPC is D. The property will suit hands-on investors or buyers prepared to carry out minor improvement works to increase rental value or capital growth.
This is a practical, low-management freehold investment with immediate income but with clear scope for modest refurbishment to enhance returns. Viewings recommended for investors who prioritise yield and proximity to the city centre rather than a turnkey, premium finish.
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