2-bedroom flat · IP21 4YJ
Sold STCListed 28 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
IN SUMMARY Guide Price £135,000 - £145,000. NO CHAIN!
Located just off the A140 within easy reach of Diss and Norwich is Hillcrest Court, a unique Grade II listed Victorian former workhouse conversion having been converted approximately thirty years ago comprising a mixture of different types of one, two and three bedroom flats.
The development benefits from AMPLE NON-ALLOCATED OFF ROAD PARKING for residents as well as communal lawned gardens on various sides.
The apartment itself is found to the rear of the development in a QUIET AND TUCKED AWAY POSITION and has been BEAUTIFULLY RENOVATED BY THE CURRENT OWNER.
This exceptional first-floor apartment is offered with no chain ahead and boasts around 750 sq.ft internally (stms).
You will find a welcoming entrance hallway with storage and a newly fitted oak floor running throughout as well as a new MODERN KITCHEN, NEW FAMILY BATHROOM, 16' sitting/dining room with a sunny dual aspect and TWO LARGE DOUBLE BEDROOMS.
The apartment is certainly ready to be moved straight into and would make an ideal first time purchase. SETTING THE SCENE Hillcrest Court is found just off the the A140.
Using the main entrance to the development following the shingled driveway around the side of the building which leads to the rear where further off road parking can be found (un-allocated).
The entrance to the apartment is found within the smaller wing to the rear with a door and stairs leading up to the first floor where a door into the apartment can be found.
THE GRAND TOUR Entering the apartment via the first floor communal entrance there is a door into the hallway entrance with an attractive wood floor running throughout the space.
There is a door to the left to the family bathroom which offers a bath with shower over, w/c and hand wash basin all presented in good order.
The main hallway offers built in storage as well as access to all other rooms.
The newly fitted kitchen/breakfast room offers a range of wall and base level units with rolled edge worktops over as well as integrated electric oven and hob with extractor fan.
There is an integrated fridge and freezer as well as space for a washing machine and a small dining table. There are then two ample bedrooms both of which are doubles.
The main 16’ reception space can then be found to the end of the hallway with a sunny dual aspect, the same attractive wood flooring and plenty of space for soft furnishings.
FIND US Postcode : IP21 4YJ What3Words : ///presides.reduce.quilting VIRTUAL TOUR View our virtual tour for a full 360 degree of the interior of the property.
AGENTS NOTES Being a leasehold property there is both ground rent and service charge payable. The service charge and buildings insurance totalled £2300 last year with a £50 ground rent.
The lease originally reverts off 199 year lease with there being approximately 162 years remaining. The building is Grade II Listed.
EPC Rating: D Garden THE GREAT OUTDOORS Externally there are large communal gardens available to all residents surrounded by the open rural countryside.
Communal car parks are found to the front and rear of the main building.
Disclaimer Anti-Money Laundering (AML) Fee Statement: To comply with HMRC's regulations on Anti-Money Laundering (AML), we are legally required to conduct AML checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (DIATF).
The cost of anti-money laundering (AML) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with HMRC regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs

FAQ
About Hillcrest Court, Ipswich Road, Pulham Market, Diss
Explore nearby