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Lower Clarence Road, Norwich

PROPERTY TYPE

End of Terrace

BEDROOMS

4

BATHROOMS

4

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Excellent investment opportunity
  • Four self contained one bedroom apartments
  • All four flats benefit from gas central heating and double glazing
  • Flat 4 includes its own private rear garden
  • All being sold together with the Freehold
  • Within easy reach of the City train station and Riverside Leisure Complex
  • Potential for further development and added value opportunities
  • Conveniently located close to a wide range of amenities

Description

GUIDE PRICE £375,000 - £395,000. A substantial Victorian end of terrace investment property offering an excellent opportunity to acquire a fully income producing asset comprising four self contained flats. The accommodation includes a one bedroom flat and studio apartment on the ground floor and one bedroom flats occupying the first and second floors. All four flats benefit from gas central heating and double glazing throughout, while the rear ground floor flat further enjoys the advantage of a private rear garden. To the front of the property, there is off road parking for one vehicle. The property is ideally suited to investors, with all four flats currently tenanted, although Flat 4 is due to be vacated soon, giving opportunity for a new owner to upgrade this flat before letting again according to their wishes. In addition, there is considerable scope for further development or enhancement, subject to any necessary consents, offering potential to increase both rental yield and capital value. Conveniently situated close to a wide range of local amenities, transport links and leisure facilities, this attractive Victorian property combines character, income potential and future development opportunities in a highly desirable investment package. Could also include turning the property back into a family home (subject to planning permission)

Location
Ideally located just off Thorpe Road, this apartment is perfectly placed for convenience and connectivity. Just a short walk from Norwich railway station, it offers excellent transport links, making it ideal for commuters. Within minutes, you can immerse yourself in the vibrant Norwich City centre, home to a diverse mix of high street shops, boutique stores, cafes, bars, and restaurants. The nearby Riverside leisure complex provides a great range of entertainment options, including a multiplex cinema, gym, bowling alley, and a variety of dining spots. For sports enthusiasts, Norwich City Football Club is also just a short distance away, adding to the appeal of this well situated home.

Agents Note - Anti Money Laundering
By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously. In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf. Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically. A non-refundable fee of £45+ VAT per person will apply for these checks, and Coadjute will handle the payment for this service. These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.



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Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Lower Clarence Road, Norwich

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Affordability

Monthly repayments£1,881
Property: £ 375,000
Deposit: £ 37,500
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Renovation potential
Recently sold & under offer
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About Pymm & Co, Norwich

4 Ber Street Norwich NR1 3EJ
Industry affiliations:

In 2006, the first branch of Pymm & Co was opened by local estate agent and current Managing Director, Steve Pymm. Steve had been working as an estate agent in Norfolk since 1996, holding key positions and heading a chain of offices and a franchise. Situated in the centre of Norwich opposite the local landmark John Lewis store, the opening of the Ber Street branch was the realisation of Steve's vision to use his expertise and local knowledge to form a committed and professional estate agent with a focus on providing a high level of dedicated service to their customers.

In 2007, Pymm & Co's sister company, Broadland Consultants was formed with fellow director, Simon Gilvey, to provide financial services with the same values. In 2008, Pymm & Co further expanded their range of services by establishing a Lettings division, headed by director Stuart Monument.

The service you deserve should start with an accurate valuation and be developed with honest initial and ongoing feedback. As a committed and professional estate agent, we will sell your property more quickly, efficiently and for the right value.

Pymm & Co delivers an experienced, qualified professional service, committed to guiding you through the whole process. Never feel awkward about asking questions.

Remember, we back our promise of performance with the terms of our high-value, low-risk contract.

Why Choose Us

  • City Centre Head Office opposite John Lewis
  • Over 250 years of combined local experience
  • No fixed term contracts as standard

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Disclaimer - Property reference 17711_PYMM. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pymm & Co, Norwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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