Summary - 4d, Stracey Road NR1 1EZ
2 bed 2 bath Apartment
Turn-key two-bedroom top floor, minutes from station and city centre.
Top-floor two-bedroom penthouse with vaulted floor-length windows
Previously achieved c.£26,000 pa on Airbnb — turn-key investment
Close to city centre and train station; excellent broadband/mobile
Off-street parking (permit) and small gravelled front garden
Leasehold sale; new lease to be started at point of sale
Sold at livestream auction — buyer’s premium and admin fee apply
Timber-frame walls assumed uninsulated — may increase running costs
Area classified as deprived; mixed tenant demand (students, families)
Top-floor two-bedroom penthouse in a converted Victorian townhouse, offered as a turn-key investment near Norwich city centre and the train station. The apartment has vaulted, floor-length windows, neutral décor, two double bedrooms (one ensuite), separate lounge, and a fitted kitchen — previously let as an Airbnb generating around £26,000 pa. Off-street parking (permit) and small gravelled front garden add practical appeal for short-lets or long-term tenants.
This is a leasehold sale by livestream auction with a guide price of £175,000. A new lease will be started at point of sale; buyers should review the legal pack for lease length, ground rent, service charges and any restrictive covenants. Bidders must also allow for an administration fee (£1,200 inc VAT) and a buyer’s premium (£1,260 inc VAT) payable on exchange, plus any disbursements set out in the legal pack.
The building dates from c.1900–1929 and retains period bay-window character with high ceilings, while internal upgrades include double glazing (post-2002). EPC rated D; heating is electric with boiler and radiators. Walls are timber-frame with no known added insulation (assumed), which may affect running costs and could prompt further improvement works.
Location strengths include excellent broadband and mobile signal, fast transport links to the train station, nearby amenities, and several highly rated primary and secondary schools. Note the wider area is classified as deprived and a cosmopolitan student neighbourhood, which influences tenant mix and rental demand. Prospective buyers — particularly investors — should inspect the legal pack and budget for lease-related costs and possible retrofit or maintenance works.
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