6 Tanners Court, St. Martins Close, NORWICH, Norfolk, NR3 3HB

Description

Third floor two-bedroom apartment, Good order throughout, buy to let opportunity, Located in the popular NR3 postcode of Norwich Description An opportunity to acquire a well presented two-bedroom third floor apartment that is located within the popular NR3 postcode just to the north of Norwich city centre in a quiet location by the river. The apartment is in good order throughout benefits from double glazing, gas central heating and fabulous vies of the river. The property is now offered with vacant possession and would make an ideal first home or investment purchase and could potentially produce approximately £12,000 per annum. The popular NR3 area of Norwich provides a good range of local amenities to include schooling, shops, supermarkets, pubs and restaurants. There are good public transport links to and from the city centre with ease of access to the Norwich Ring Road and NDR. Note Under the terms of the Estate Agency Act 1979 (section 21) please note that the vendor of this prope

Location

Property located at 6 Tanners Court, St. Martins Close, NORWICH, Norfolk, NR3 3HB.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £12,000 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆