2-bedroom flat · IP22 4GN
Sold STCReduced £10k (−6.7%) on 12 JulListed 121 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within the popular residential development of Ashbrook Meadow—originally built by the nationally respected developer Persimmon Homes in 2006—this area comprises a number of modern and contemporary houses situated to the east of Diss, within a short walking distance of the mainline railway station.
The historic and thriving market town of Diss lies on the south Norfolk borders, surrounded by the beautiful countryside of the Waveney Valley.
The town offers an extensive and diverse range of day-to-day amenities and facilities, along with the benefit of a mainline railway station providing regular, direct services to London Liverpool Street and Norwich.
The property itself comprises a two-bedroom apartment situated on the ground floor within a well-maintained building.
It features two good-sized bedrooms, both with built-in wardrobes to maximise space, with the principal bedroom further benefiting from an en-suite shower room with a shower, basin, and WC.
The spacious living room enjoys French doors to the front, allowing an abundance of natural light to fill the room.
The flat is held on a leasehold basis, with the lease originally granted in 2006 and approximately 104 years remaining (from an original term of 125 years).
As a leasehold property, there are obligations for both ground rent and a service charge.
The ground rent is approximately £330.00 per annum, while the service charge is approximately £1,452 per annum.
This includes buildings insurance, maintenance of the building, and the upkeep of communal areas and grounds. For further information, please contact the selling agent.
Entrance hall living room - 3.58m x 5.11m (11'9" x 16'9") kitchen - 3.58m x 1.63m (11'9" x 5'4") bedroom - 2.72m x 3.02m (8'11" x 9'11") en-suite - 1.85m x 1.65m (6'1" x 5'5") bedroom - 3.71m x 2.01m (12'2" x 6'7") bathroom - 1.83m x 1.88m (6'0" x 6'2") services Drainage - mains Heating - electric EPC Rating D Council Tax Band A Tenure - leasehold Anti-Money Laundering Fee Statement To comply with hmrc's regulations on Anti-Money Laundering (aml), Whittley Parish are legally required to conduct aml checks on every purchaser(s) once a sale is agreed.
We use a government-approved electronic identity verification service from Landmark 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 is £50 + VAT (£60 inc VAT) per purchase, payable in advance after an offer has been accepted.
This fee to Whittley Parish 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.
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.
Area
Agent & docs
FAQ
About 7, Victory Court, Diss
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