1 bed flat for sale Magdalen Way, Gorleston, Norfolk, NR31

1 bed 1 bath Flat

Leasehold

Added on 16/09/2026

About this property

INVESTORS ONLY – TENANT IN SITU – EXCELLENT YIELD OPPORTUNITY Situated in a convenient and sought-after location in Gorleston, within easy walking distance of the James Paget Hospital, this well-presented one-bedroom maisonette presents an outstanding investment opportunity for landlords looking to acquire a property with an established sitting tenant already in place. Benefiting from an extremely long lease and achieving a strong rental yield, the property offers an attractive, hassle-free addition to any investment portfolio. Internally, the accommodation comprises a spacious lounge, a well-equipped kitchen, a double bedroom, and a bathroom.

Key features

Investors only – tenant in situ
Strong rental yield
Extremely long lease
Walking distance to James Paget Hospital
Spacious lounge
Double bedroom
Well-presented throughout
Fantastic ready-made investment opportunity

Floorplan

Location

Magdalen Way, Gorleston, Norfolk, NR31

Open map Street View

Council tax band: Ask agent

Mortgage and stamp duty

Property price £90,000

£45k £135k

Deposit10% £9,000

£0 £90k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £81,000 mortgage. Most lenders would want a household income of about £18,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.