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Westwick Street, Norwich 2 bed flat for sale
Westwick Street, Norwich
£180,000
Westwick Street, Norwich
£180,000
Our Summary
- Guide Price £180,000 - £200,000 This apartment in Norwich offers a rare investment opportunity with the potential to achieve a 19% yield, depending on the final sale price
- With the option to secure a parking space, this well-maintained property presents exceptional potential for both homeowners and investors
- This renovated apartment in the heart of Norwich presents an incredible investment opportunity, with the potential to deliver an impressive 19% yield depending on the final sale price
- This well-maintained, spacious property offers exceptional potential, both as a home and a high-yield investment, making it a prime opportunity in one of Norwich’s most sought-after areas
Description
This apartment in Norwich offers a rare investment opportunity with the potential to achieve a 19% yield, depending on the final sale price. The property, located in a central area, combines historical charm with modern upgrades and features a spacious living room, two generously sized bedrooms, and a stylish L-shaped kitchen. With an occupancy rate of over 90% and an annual turnover exceeding £38,000 for the 2023-2024 period, it is a highly sought-after rental property. The apartment also has the option to secure a parking space, making it an exceptional choice for both homebuyers and investors. With its central location, close to colleges and offices, it ensures consistent demand from tenants, both short-term and long-term. The property is sold leasehold, with 102 years remaining on the lease, and has a ground rent of £200 and average maintenance of £4,500 per annum.