John Stephenson Court, Norwich
East of England
£115,000
Listed on 10/10/2026
Listed on 10/10/2026
The listing
Property details
Bedrooms
1Type
Ground FlatArea
495 sqftDescription
This one-bedroom ground-floor apartment in Norwich has a separate kitchen, a double bedroom with built-in storage, a bathroom and a spacious lounge with room for seating and dining. The layout offers a practical starting point for someone looking to update the accommodation to their own requirements.
The property is described as needing modernisation throughout. It is within reach of local shops, amenities and transport links, and may suit a buyer considering a refurbishment project or an investment purchase. The lease is stated to have 57 years remaining, which could affect mortgage availability; buyers should check the lease terms and any associated costs before proceeding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
55out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £115,000, this ground-floor flat is attractively priced at £232/sq ft, below the local average, and offers a clear canvas to refresh its dated finishes. The lounge and bedroom look reasonably proportioned, while the kitchen, bathroom, flooring and décor provide scope for a medium-scale update; the exterior appears generally intact in the available views.
The caution is the short 57-year lease, which may affect mortgageability, and the purchase plus estimated refurbishment costs look tight against local value benchmarks. It could suit a project buyer who can assess the lease and manage the budget carefully, but the cheap entry price alone does not make the overall economics compelling.
Key opportunities
- Refresh the dated kitchen and bathroom as part of a focused medium-scale update.
- Improve the lounge and bedroom with updated flooring and redecoration; both appear reasonably proportioned.
- Acquire below the local average £/sq ft, with an apparently intact exterior in the available views.
Key risks
- The stated 57-year lease may restrict mortgage options and could require further investigation.
- Purchase and refurbishment costs look tight against local value benchmarks.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£434
Based on a loan of £86,250 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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