63, Lefroy Road, NORWICH, Norfolk, NR3 2NX

Description

First floor two-bedroom apartment, Good order throughout, ideal buy to let opportunity, Located in the popular NR3 postcode of Norwich Description An opportunity to acquire a well presented two-bedroom first floor apartment that is located within the popular NR3 postcode just to the north of Norwich city centre. The apartment is in good order throughout and is currently tenanted producing £12,000 per annum. The flat benefits from brick external storage, communal gardens and on street parking. Lefroy Road has access to a host of local amenities and excellent transport links into the city centre and northern bypass. Accommodation: Ground Floor: Entrance hall, stairs to all floors. First Floor: Landing, access to apartment, entrance hall, kitchen, lounge with balcony, two bedrooms, bathroom. Exterior: Outside there is a private brick-built storage shed and on road non permit parking. Tenure: Leasehold. EPC Rating: C Council Tax Band: A Viewings: By arrangement with our Joint Auctioneers W

Location

Property located at 63, Lefroy Road, NORWICH, Norfolk, NR3 2NX.

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

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Long-Term Buy-to-Let. 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: ★★★☆☆