2-bedroom flat · IP25 6GW
For saleListed 95 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Entrance Hall: - Communal entrance door. Hallway: - Tall storage cupboard and doors leading to kitchen, diner & lounge, bathroom and bedrooms 1 and 2.
Kitchen / Diner / Lounge:- Fitted in a range of prestigious wall and base units, breakfast bar, sink and tap, built in dishwasher, oven, hob, extractor hood, built in tall fridge / freezer, space and plumbing for washing machine, cupboard housing combi boiler, open plan leading to dining area and lounge with patio doors (ground floor) and Juliet style balcony (middle and top floors).
Bedroom 1: - Radiator. Bedroom 2: - Radiator. Bathroom: - Bath with shower above, W/C, basin with cupboard below, towel radiator, tiled floors, and tiled splashbacks.
Outside: - Off road allocated parking for two cars, access to a shared bin and bike store and communal gardens.
Leasehold: - The sellers have advised they are in the process of appointing a lease management company.
The properties will be sold with a 999-year lease, and the service charge is estimated to be around £150 - £165 per calendar month.
Agent’s notes: - The properties will be fully completed internally by the end of August, with parking and landscaping to be completed in September.
The majority of the images currently used for marketing purposes have been computer generated.
Prospective purchasers are advised that these properties are being sold on behalf of a company where the directors are linked to Next Move Homes.
Here at Next Move Homes, we offer a very flexible approach to both valuing and viewing properties. With this property, our seller allows viewings: Monday-Saturday 9am - 7pm and on Sunday 11am - 5pm.
One of our team will be available at a time that's convenient for you.
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 Lancaster Avenue, Watton
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