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See how verdicts work2-bedroom flat · NR26 8LA
For saleReduced £20k (−10%) on 25 OctListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to acquire a ground floor apartment located in the heart of the Town, close to all the local amenities and just a short walk to the West Promenade.
This apartment forms part of a small block of just three and has recently been re-furbished including complete redecoration and the installation of a new shower room.
There is an allocated parking space at the rear.
Sheringham itself is a thriving seaside Town popular for its sandy beaches and excellent shopping facilities whilst both bus and rail services provide easy access to the city of Norwich which is just 27 miles distant.
Communal Entrance Hall - With secure entry system and additional door to car park area. Private Entrance Hall - Secure entry telephone, two built in cupboards, radiator.
Lounge/Dining Room - Wide bay window to front aspect, radiator, provision for TV. Kitchen - Window to rear aspect.
Range of fitted base and wall cabinets with laminated work surfaces and complimentary tiled splashbacks, provision for electric cooker (cooker included) with filter hood above, fridge/freezer (also included), radiator, provision for washing machine, wall mounted gas boiler providing central heating and domestic hot water.
Shower Room - Recently completely re-fitted with a level entry shower enclosure with mixer shower and screen, vanity wash basin with cupboards beneath, concealed cistern w.c., wall mirror, electric shaver point, heated towel rail.
Bedroom 1 - Window to rear aspect, radiator. Bedroom 2 - Window to front aspect, radiator.
Outside - At the rear of the property, approached over a service road, is the parking area and this apartment has one space allocated. Tenure - The property is leasehold and has 158 years unexpired.
The current Ground Rent/Service Charge is £200 per annum and the Buildings Insurance is currently £235.53 pa.
Agents Note - The property has all mains services connected and has a Council Tax Rating of Band C. It may not be sub-let for holiday use.
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 Augusta Street, Sheringham
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