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See how verdicts work1-bedroom property · NR18 0JS
For saleReduced £10k (−6.3%) on 25 OctListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Delighted to bring to the market this spacious one bedroom over 55's retirement apartment located within walking distance to the town centre and all its amenities as well as the local train station with direct links to Norwich and Cambridge.
The apartment is located on the ground floor of this three-floor retirement property with a stair and lift service to each floor.
There is a 24-hour emergency Appello call system for when the Development Manager is off duty along with a guest suite, communal lounge, conservatory, and library.
The apartment itself comprises of a kitchen, living room, double bedroom, and shower room offered with no onward chain. Entrance Hall Light switch, ceiling light point. Small storage heater.
Storage cupboard and carpet flooring.
Living Room 3.2m x 4.7m Wall mounted electric heater, power points, TV aerial point, telephone point, carpet flooring and uPVC double glazed window.
Kitchen 2.2m x 2.8m Tiled and fitted with stainless steel sink unit, wall and floor cupboards with work tops, inset stainless steel sink and drainer with swan neck mixer tap over, Electric oven and hob, space for undercounter fridge , space and plumbing for tumble dryer or potential dishwasher.
Bedroom 2.6m x 4.1m uPVC double glazed window, carpet flooring, wall mounted electric heater and power points.
Bathroom 1.9m x 2.0m Tiled and fitted with suite comprising a walk in shower, WC with low level flush, vanity unit with inset hand wash basin, Light, extractor fan and heated towel rail.
Utility Room 0.8m x 2.1m Automatic washing machine, hot water cylinder with immersion heater, shelving.
Agents Notes This property is leasehold with a lease length of 125 years with 105 years remaining.
The service charge is approximately £4101.44 per annum, including buildings insurance and the ground rent is approximately £410.00 per annum.
Communal Facilities Entrance lobby, warden's office, large residents lounge and library, all communal spaces are warm and regularly cleaned by contract cleaners Outside There are communal gardens and off-road parking,
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
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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.
Area
Agent & docs
FAQ
About Fairland Court, Fairland Street, Wymondham, Norfolk
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