Summary - 4, Stracey Road, NORWICH NR1 1EZ
1 bed 1 bath Apartment
Ready-income one-bedroom flat near Norwich station for hands-off landlords.
- Producing £14,400 pa (£1,200 pcm) on current AST
- Turn-key ground-floor one-bedroom apartment
- Open-plan lounge with bay window and modern kitchen
- Located close to city centre and mainline station
- Leasehold sale; new lease to commence at completion
- Auction sale with legal pack — review pre-bid
- Administration fee £1,200 and buyer's premium £960
- Solid-brick walls likely uninsulated; EPC rating D
This ground-floor one-bedroom apartment is a ready-made investment, producing £1,200 pcm (£14,400 pa) from an assured shorthold tenancy. The open-plan living area, large bay window and contemporary fitted kitchen present a turn-key let with period character and modern fixtures. Its city-centre location sits within easy walking distance of Norwich mainline station and local amenities, supporting steady rental demand.
Buyers should note this is a leasehold lot being sold at livestream online auction with a new lease to commence on completion. There are mandatory purchase charges: an administration fee of £1,200 (inc. VAT) and a buyer’s premium of £960 (inc. VAT) payable on exchange. The legal pack will list further lease details and any additional disbursements — review it before bidding.
The building is a solid-brick Victorian terrace with high ceilings and original features, but walls are assumed uninsulated which contributes to an EPC rating of D. Heating is electric via boiler and radiators; prospective purchasers should factor possible energy-efficiency or insulation upgrades into future costs. Permit on-street parking and a very low council tax band are practical advantages for tenants.
Overall, this property suits investors seeking an immediate income stream and straightforward management. The combination of central location, proven rental income and turn-key condition reduces void risk, while the leasehold status, auction sale process and potential retrofit costs are the main considerations for buyer due diligence.
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