1-bedroom flat · NR30 2BQ
Listing removedListed 117 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE: £50,000-£60,000 CHAIN FREE | 999 YEAR LEASE | TOWN CENTRE LOCATION Situated in the heart of Great Yarmouth, this one bedroom first floor flat offers a fantastic opportunity for both first time buyers and investors alike.
The property is set within a purpose-built block, ideally positioned for easy access to the town centre, local shops, transport links, and amenities – making it a highly convenient place to live or let.
Internally, the flat comprises a spacious lounge, separate kitchen, double bedroom, and bathroom suite. The layout offers good room proportions throughout, with plenty of natural light.
The property would benefit from some cosmetic updating, however this has been reflected in the price and presents an excellent opportunity for a buyer to add value and put their own stamp on it.
Previously let out, the flat also offers strong investment potential, with rental demand in this central location remaining consistent.
Further benefits include being chain free and coming with a rare 999 year lease, providing long-term security and peace of mind.
Communal Entrance Wooden door into a communal hallway with staircase to all floors First Floor Communal hallway and entrance to flat Hallway Wooden entrance door giving access, fitted carpet, entry phone system, built-in cupboard, doors off to Kitchen 10'0" x 9'11" (3.05m x 3.03m) Range of wall and base storage units, worktop over, stainless steel sink and drainer, tiled splashback, space for fridge, space for cooker, vinyl flooring.
Bedroom 14'7" x 8'9" (4.46m x 2.67m) Fitted carpet, electric radiator, double glazed window.
Lounge 14'7" x 10'5" (4.46m x 3.18m) Two electric radiators, double glazed window, fitted carpet.
Bathroom 6'6" x 6'5" (2.00m x 1.98m) Panelled bath with electric shower over, pedestal hand wash basin, low level w.c., vinyl flooring.
Disclaimer Howards Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Howards Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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 South Market Road, Great Yarmouth
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