Long lease, off‑road parking — renovation opportunity for investors or first‑time buyers.
Purpose-built first-floor one-bedroom flat, around 43 sq m (463 sq ft)
A purpose-built first-floor one-bedroom flat offering circa 43 sq m (463 sq ft) in Taverham, presented to the market for the first time in 20 years. The property has previously been let at £600 pcm and is being sold with vacant possession, making it a straightforward option for an investor to refurbish and re-let, or for a first-time buyer looking for a budget entry into the area.
The flat requires renovation to realise its full potential — cosmetic and updating works are needed, and heating is via electric storage heaters. Positive practical features include long leasehold security (999 years from 1980, c.954 years remaining), off-road parking and low running costs indicated by a very cheap Council Tax Band A. The location provides easy access to the NDR and local amenities about seven miles northwest of Norwich city centre.
Important sale details: the property will be sold by livestream auction on 22 October 2025 and an administration fee of £1,200 (inc VAT) is payable on exchange. Buyers should consult the legal pack for any additional disbursements. The EPC rating is D. Prospective purchasers should factor in renovation costs and note the property is electrically heated and offered as leasehold with vacant possession.
This flat suits an investor targeting rental income after refurbishment, or a cost-conscious buyer prepared to update the accommodation. Its long lease and off-street parking are practical advantages; full value will depend on the scope and quality of improvements carried out.
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