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Caister-On-Sea

48  High Street
Caister-on-Sea
NR30 5EH

E: caister@minorsandbrady.co.uk
T: 01493 806188

Lettings

Station Road
Hoveton
NR12 8UR

E: lettings@minorsandbrady.co.uk
T: 01603 801844

Wroxham

6  Church Road
Wroxham
NR12 8UG

E: homes@minorsandbrady.co.uk
T: 01603 783088

Dereham

9a  Market Place
Dereham
NR19 2AW

E: dereham@minorsandbrady.co.uk
T: 01362 700820

Norwich

107  Unthank Road
Norwich
NR2 2PE

E: norwich@minorsandbrady.co.uk
T: 01603 365085

 

Diss

46-47 Mere St
Diss
IP22 4AG

E: diss@minorsandbrady.co.uk
T: 01379 771444

Oulton Broad

2a Ivy Lane
Oulton Broad
NR33 8QH

E: oultonbroad@minorsandbrady.co.uk
T: 01502 447788

Spencer Street, Norwich, NR3

£110,000Leasehold

111
Brochure

Key Information

Tenure:Leasehold
Service charge:£400 per year
Ground rent:£100 per year
Time remaining on lease:119 years
Council tax band:A
Broadband:up to 1800Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Well-presented one-bedroom ground floor apartment in the NR3 area
Easy to obtain a mortgage on this property
Ideal opportunity for investors or first-time buyers
Investor yield of over 8%
Compact and functional layout with a separate lounge and kitchen
New hob and vent recently installed
New flooring recently installed
Bright double bedroom with adjacent modern shower room
Access to a communal roof terrace for outdoor enjoyment
Convenient location with easy access to Norwich city centre and local amenities

Description

Located in a popular residential pocket just north of Norwich city centre, this ground-floor apartment offers a smart opportunity for both investors and first-time buyers. Well-positioned within walking distance of the city’s shops, cafes, and transport links, the property combines practical living with urban convenience. The area is known for its character properties and strong rental demand, making this a reliable option for buy-to-let investors. The appeal of this apartment is further enhanced by its ease of obtaining a mortgage and the attractive investor yield of over 8%, and it provides a low-maintenance, long-term addition to any property portfolio. Equally, for first-time buyers, it represents an affordable way to step onto the ladder in a well-connected and established part of the city.

Location

Located at Spencer Street, Norwich, this property offers a blend of city convenience and suburban tranquillity. It is within walking distance of local amenities, including shops, cafes, and parks. The property benefits from transport links, with Norwich city centre and its cultural attractions, dining options, and shopping centres just a short drive or bus ride away. For families, there are well-regarded schools in the vicinity, making it an ideal location for all stages of life. The surrounding neighbourhood is known for its community spirit and green spaces, providing a friendly environment. This address combines the best of both worlds, offering a comfortable and convenient lifestyle in one of Norwich's most desirable areas.

Spencer Street

Inside, the apartment opens into a central hallway that links all the main rooms. The lounge is bright and comfortable, providing a relaxed space for everyday living or hosting. The separate kitchen is compact but functional, with space for appliances and a practical layout for daily use. Recent upgrades include the installation of a new hob and vent, as well as new flooring throughout, adding a fresh and modern touch to the interior.

The double bedroom is well-proportioned and sits next to a modern shower room, creating a self-contained living space that’s both simple and efficient. The layout promotes ease of movement throughout, making the most of the apartment’s 279 sqft footprint.

A key feature is the communal roof terrace, a rare addition at this price point, offering outdoor space for fresh air or views across the area. On-street parking is also available nearby for added convenience.

With shops, restaurants, pubs and transport links all within easy reach, this apartment offers a smart step onto the property ladder or a ready-made addition to a rental portfolio.

Agents Note
We understand the property is being sold leasehold, connected to mains water, electricity, and drainage.

Tax Council Band - A

Arrange Viewing

Magdalen Gates Primary School
(0.06 miles)
Good
Number of pupils: 193
Age Range: 5 - 11
George White Junior School
(0.26 miles)
Good
Number of pupils: 309
Age Range: 7 - 11
Mousehold Infant & Nursery School
(0.37 miles)
Outstanding
Number of pupils: 256
Age Range: 3 - 7
Angel Road Junior School
(0.38 miles)
Requires improvement
Number of pupils: 321
Age Range: 7 - 11
Angel Road Infant School
(0.42 miles)
Requires improvement
Number of pupils: 269
Age Range: 2 - 7
Jane Austen College
(0.47 miles)
Outstanding
Number of pupils: 1048
Age Range: 11 - 19
Norwich School
(0.48 miles)
Number of pupils: 1250
Age Range: 4 - 18
Sewell Park Academy
(0.57 miles)
Good
Number of pupils: 599
Age Range: 11 - 16
St. Clements Hill Primary Academy
(0.65 miles)
Requires improvement
Number of pupils: 90
Age Range: 4 - 11
Charles Darwin Primary School
(0.76 miles)
Outstanding
Number of pupils: 296
Age Range: 4 - 11

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£550 /mo.25 Years, 4.5% Interest
Loan
£99,000
Total Repay
£165,082

Stamp Duty

You’ll have to pay the stamp duty of:
£0
0% up to £110,000
Your effective stamp duty rate is 0%

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