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See how verdicts work5-bedroom flat · NR30 3ED
For saleListed 115 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
🏡 Joint Sale for a 2 and 3 bed flat– Barkis Road, Great Yarmouth 💷 Asking Price: £220,000 Melanie Estates is pleased to present an excellent opportunity to purchase the freehold together with two fully tenanted residential flats situated on the popular Barkis Road in Great Yarmouth.
Offering immediate rental income and excellent long-term investment potential, this property is an ideal addition to any buy-to-let portfolio.
The building also includes a ground floor convenience store, which is held on a 999-year lease. The sale includes the freehold interest and ownership of the two residential flats above.
The Residential Accommodation Comprises: 2-bedroom flat – currently let at £800 pcm 3-bedroom flat – currently let at £850 pcm, increasing to £900 pcm from next year Current rental income: £1,650 pcm (£19,800 per annum) Projected rental income: £1,700 pcm (£20,400 per annum) Located close to local amenities, schools, public transport links, Great Yarmouth town centre, and the seafront, both flats are well maintained and occupied by established tenants, providing an immediate and reliable income stream from completion.
✨ Key Features - Freehold included in the sale - Two fully tenanted residential flats - Seller owns the freehold and both residential flats - Ground floor convenience store held on a 999-year lease - Immediate rental income with future growth - Popular location close to shops, schools, transport links, the town centre and seafront - Established tenants in situ - Excellent investment opportunity This is a rare opportunity to acquire the freehold and two income-producing residential flats, offering immediate rental income, future rental growth, and long-term investment potential.
📞 Early viewing is highly recommended!
Value & comps
No previous sales on record.
Returns
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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.
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About 39 Barkis Road, Great Yarmouth
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