Summary - 17 SYCAMORE CRESCENT NORWICH NR2 4DQ
2 bed 1 bath Flat
High-yield first-floor investment near university, hospital and city transport links.
- Productive rental: current gross income £14,700 per year
- Guide price £160,000–£180,000; sold at livestream auction
- Long lease: 177 years remaining (extended until 2202)
- Small overall size: approximately 608 sq ft
- Previously a three-bed; potential to reconfigure for higher income
- Annual ground rent £10; service charge details in legal pack
- Additional purchase costs: £1,200 admin fee and £600 buyer's premium
- Rear garden, external store; on-street parking only
A compact first-floor leasehold flat offered as a productive residential investment with an established rental record. Currently producing a gross income of £14,700 pa from two independently let bedrooms, the property sits in a convenient west-of-city location with easy access to the university, hospital and local buses.
The flat benefits from a long lease (177 years remaining to 2202), double glazing, mains gas central heating and a rear garden with external store. At 608 sq ft the accommodation is small but practical: landing, lounge, shared kitchen, bathroom and two lettable rooms. Council Tax Band A keeps running costs low.
This lot is being sold by livestream auction (10am, 10 December 2025) with a guide price of £160,000–£180,000. Note there are additional purchase costs: an administration fee of £1,200 and a buyer’s premium of £600 payable on exchange, plus an annual ground rent of £10 and service charge details in the legal pack.
There are clear reconfiguration and income-upside opportunities — the flat was previously a three-bedroom producing £22,200 pa — but buyers should account for auction timescale, unknown service charges, small overall size and mixed local school Ofsted ratings when assessing suitability.
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