Flat 12, Denbigh House, Denbigh Road, Norwich, Norfolk NR2 3HJ

Description

Vacant fourth floor studio flat in good order in a purpose built block situated in the Golden Triangle a sought after area of Norwich. This vacant light and airy studio flat is situated on the top floor of this purpose built block of flats and provides views of many roof tops around this sought after area of the city. The flat is accessed via an exterior staircase with private entrance via a terrace. The flat is in good order throughout with a modern fitted kitchen and shower room. It would suit a first time buyer wanting to get on the ladder or an investor looking to add to their portfolio. It is convenient for Unthank Road and Norwich city centre and is located within the ever popular Golden Triangle. Improvements have been made and other than some decoration this would be a turn key investment.

Location

Flat 12, Denbigh House, Denbigh Road, Norwich, Norfolk NR2 3HJ. Located in the NR2 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial / Mixed-Use Investment. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended commercial / mixed-use investment strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆