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See how verdicts work6-bedroom house · PE36 6AA
Listing removedListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Interesting development and investment opportunity to purchase this freehold mid terrace Victorian property situated on Greevegate within the town centre of Hunstanton.
Spread over four floors the premises comprises of; the basement has been converted into a modern and comfortable one bedroom apartment that is used as a short term holiday let.
The ground floor is currently a commercial shop unit trading as the Norfolk Gun Trading Company.
The first, second and third floor are home to a large maisonette previously rented now in need of complete refurbishment.
Planning permission under reference 11/02136/F with the Borough Council of King's Lynn & West Norfolk planning department was obtained in 2012 to convert the basement, first, second and third floors into individual apartments, we understand this is still valid as the basement apartment was completed.
With the ground floor to remain as a commercial unit. To the rear of the property is a small parking area, external staircase leading to the maisonette and staircase leading to the basement apartment.
Basement Accommodation Details Hallway Tiled flooring, internal staircase to ground floor. Smoke alarm, airing cupboard, window into living area, door to kitchen.
Kitchen (2.62m x 2.05m 8'7" x 6'9" Tiled flooring, window to the side aspect at lower ground level.
Range of matching wall and base with solid wooden worktop over, integrated white butler sink with hot and cold mixer tap over.
Integrated electric oven with four ring electric hob and extractor hood over also having inegrated fridge.
Living Room (4.61m x 4.61m 15'1" x 15'1") UPVC doors to the rear aspect, electric heater, smoke alarm and TV Point, opening to; Bedroom (4.68m x 3.18m 15'4" x 10'5") Electric heater, TV Point and cupboard.
Door to; Shower Room Tile effect vinyl flooring, part tiled walls. Shower unit with glas shower screen having thermostatic shower over.
Two hand wash basins set in vanity unit with hot and cold mixer taps over. W.C. set in vanity unit. Shaver point, extractor fan and heated towel rail.
Ground Floor - Commercial Unit Main Shop Area (5.67m x 4.61m 18'7" x 15'1") Display window to the front aspect and entrance door, various shop fixtures and fittings (stock not included).
Office (2.26m x 2.05m 7'5" x 6'9") Window to the front aspect and door to; Store Room (2.28m x 2.05m 7'6" x 6'9") Strong Room (4.61m x 2.97m 15'1" x 9'9") Reinforced safe door to strong room Rear Lobby UPVC double glazed entrance door and window to the side aspect.
W.C., with window to the rear aspect. Access to stairway leading to basement. Boarded up stairs to first floor.
Maisonette First Floor Rear Lobby Metal exterior staircase from ground level, upvc entrance door.
Boarded up stairway to ground floor, steps into; Hallway Doors to kitchen, reception room and bedroom, stairs to second floor.
Kitchen (3.57m x 2.75m 11'8" x 9') Full lenght sash window to the front asoect. Wall mounted gas boiler, electric cooker point, worktop with stainless steel sink and drainer unit.
Reception (5.04m x 3.85m 16'6" x 12'7") Full length window to the front aspect, fireplace and radiator. Bedroom (4.61m x 3.59m 15'1" x 11'9") Window to the rear aspect and radiator.
Second Floor Landing Split landing with W.C., to the rear. Doors to bedrooms, bathroom and stairs to third floor.
Bathroom Window to the front aspect, bath, bidet and wash basin with hot and cold taps. Bedroom Front (5.04m x 3.85m 16'6" x 12'7") Window to the front aspect and radiator.
Bedroom Rear (4.28m x 3.59m 14' x 11'9") Window to the rear aspect and radiator.
Third Floor Landing Doors to; Bedroom (4.77m x 2.70m 15'8" x 8'10") Window to the rear aspect Bedroom (2.89m x 2.75m 9'8" x 9') Window to the rear aspect
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About Greevegate, Hunstanton
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