2 bedroom apartment for sale

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2 bedroom apartment for sale

Bowers Avenue, Norwich, NR3
£120,000

Our Summary

  • The property is an ideal 'first time buy' or 'investment opportunity' for a potential landlord
  • Ideal Investment Opportunity
  • Ideal investment opportunity

Description

This two-bedroom mid-floor apartment is a sought-after investment opportunity or first-time buy, located in a quiet residential estate to the north of Norwich. The property is currently tenanted and generates an annual income of £8640, with a yield of 6.6% (subject to contract). The apartment features an entrance hall, kitchen, living/dining room with balcony, two spacious double bedrooms with fitted cupboards, and a bathroom. The property benefits from double glazing and well-maintained communal gardens, and an internal viewing is highly recommended. With a ground rent review period of every year, service charge review period of every year, and lease end date of 25/03/2127, this property offers a solid investment opportunity.