First-floor two-bed flat near UEA — sold with tenants, strong immediate yield.
Two double bedrooms and EPC Band C
Sold with tenants in situ — immediate £1,200 pcm income (8% gross yield)
Generous private rear garden — rare for a first-floor flat
Leasehold: c.97 years remaining; ground rent reported £10
Double glazing and gas central heating — practical running costs
Located near UEA in student neighbourhood — steady demand, higher wear
On-street permit parking; no dedicated off-street space
Local crime above average — consider insurance/management implications
This first-floor, two-bedroom leasehold flat on Wycliffe Road is presented as a ready-made investment: it is sold with tenants in situ, currently achieving £1,200 pcm (around an 8% gross return at the asking price). The flat has practical long-term features—double glazing, gas central heating, and an EPC band C—so immediate rental income comes with dependable running costs.
Accommodation is straightforward and tenant-friendly: two double bedrooms, a bathroom, and a compact kitchen/living layout. A generous rear garden is an uncommon plus for a first-floor flat and offers private outdoor space that strengthens rental appeal to students or young professionals. On-street permit parking is available nearby.
Lease details and tenure are material: the property is leasehold with about 97 years remaining and a reported ground rent of £10. Expect standard leasehold costs and likely additional fees (lease packs, legal searches) when progressing. The property is sold with tenants in situ, so purchase will not provide vacant possession until tenancy terms change.
Location considerations: the flat sits within walking distance of the UEA campus in a cosmopolitan student neighbourhood, supporting steady rental demand but also greater wear and turnover. Local crime is reported above average; prospective buyers should factor this into insurance and management plans. The layout and some internal fittings appear dated in places and may benefit from targeted refurbishment to increase long-term capital value and rental income.
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