Summary - 28 CREMORNE LANE NORWICH NR1 1YW
1 bed 1 bath Flat
**Standout Features:**
- Purpose-built one-bedroom flat with off-road parking.
- Rental income of £600 per month, producing an annual yield of £7,200.
- Good decorative condition with a modern kitchen and bathroom.
- Energy Performance Certificate (EPC) rating of C, indicating energy efficiency.
- Conveniently located just a mile from the city center.
**Concerns:**
- Leasehold property with 88 years remaining (originally 125 years).
- Service charge is £909 annually, while ground rent is £75.
- May require additional funding for future improvements or lease extension.
This well-maintained one-bedroom flat is an excellent opportunity for first-time buyers or investors seeking reliable rental income. At approximately 474 sq ft, the top floor flat boasts a modern kitchen and bathroom, double glazing, and gas central heating, ensuring comfort and convenience. Enjoy off-road parking and the ease of access to local amenities, schools, and public transport—notably with Lionwood Infant and Junior Schools rated highly by Ofsted just a stone's throw away.
With a guide price between £70,000 and £90,000, the auction date for this property is set for Thursday, 08 May 2025, making it a chance not to be missed. Secure a promising investment or a cozy home in a desirable area, with the potential for future renovations. Don’t let this opportunity pass by; properties like this, especially in such good condition, are becoming increasingly rare!
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