Summary - 34 Russell Street NR2 4QT
2 bed 1 bath Flat
Chain-free NR2 flat with strong rental demand — ideal for investor refurbishment..
- Chain-free two-bedroom flat, approximately 587 sq ft
- High rental demand in NR2, strong investor appeal
- Large lounge-diner with generous natural light
- Requires full modernisation throughout
- Leasehold with ~98 years remaining; verify legal details
- Service charge £840pa; boiler included under maintenance
- On-street permit parking (£50pa) and communal gardens
- Local area: high crime and very deprived, consider risk
Chain-free two-bedroom flat in NR2, offered with 98 years remaining on the lease, presents a straightforward investment or refurbishment project. The flat includes a large lounge-diner, functional kitchen, and two bedrooms across about 587 sq ft, ideal for conversion into an attractive rental unit for the high-demand NR2 market.
Positioned close to Norwich city centre, shopping and transport links, the property benefits from excellent broadband, strong mobile signal and easy access to Norwich Rail Station (about 1 mile). Communal gardens and on-street permit parking add practical appeal for tenants or future owners.
The block dates from the late 1960s and the apartment requires updating throughout; the heating is served by a community mains gas scheme with the boiler covered under the service charge. Service charges are listed at £840pa and the lease has roughly 98 years remaining — buyers should verify these details during conveyancing.
This is a practical, low-cost entry into the NR2 rental market for investors or a renovation starter for an owner-occupier seeking a central location. Note the surrounding area shows higher crime levels and overall local deprivation; thoughtful refurbishment and managed tenancy should be considered when assessing yield and risk.
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