2-bedroom flat · NR21 8SU
For saleListed 78 days
Opportunity summary
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About
Offers sought in the region of £120,000 for a 50% share plus monthly rent payable to Housing21 for remaining half share. (Care costs, service charge, support charge & other fees payable).
Leasehold An exceptional, purpose-built 1st Floor Apartment with gas fired central heating and double glazing throughout the spacious, wheelchair accessible, 2 bedroomed accommodation.
Meadow Walk is conveniently located close to the Doctor’s Surgery, a Pharmacy, 2 Super-markets and the Football Ground).
It is designed to offer independent living to the over 65's (and over 55's if there is a care need) with 24 hour on site care staff and full time Housing Manager Service Mon to Fri.
Meadow Walk is an award winning “Extra-care” scheme with dementia-friendly features including a ‘nostalgia room’ featuring a village store and post office; indoor garden-themed relaxation areas and a potting shed.
There is also a replica of an old-fashioned curiosity shop displaying an array of household items from yesteryear, complete with a traditional-style streetlamp outside.
Offers a range of communal facilities including a cafe/bistro, hair salon, a residents' lounge, lifts, buggy store and delightful communal gardens.
Communal lifts & stairs to First Floor: Push button automatically opening doors to communal Hallway with handrails leading to: Private door to Apartment: Spacious Entrance Hall: Deep built-in storage cupboard with electric light and fitted shelves.
Telephone point. Digital Warden call speech module. Through to; Sitting room: 15’8” x 12’0”, (4.8m x 3.7m). Built-in cupboard housing “Ideal” wall mounted, gas fired central heating boiler. TV point.
Telephone point. Twin double glazed doors to Juliet Balcony overlooking garden area. Wide opening to; Kitchen: 11’5 x 7’5”, (3.5m x 2.3m).
1½ bowl stainless steel sink unit with mixer tap, set in fitted work surface with drawers, cupboards, appliance space and plumbing for washing machine under.
Built-in 4 ring electric hob unit with stainless steel extractor hood over. Built-in electric oven with cupboard over and under.
Matching range of wall mounted cupboard units with concealed lighting under. Ceiling recessed spotlights. Master Bedroom: 15’3” x 11’6”, (4.6m x 3.5m). TV point. Telephone point.
Door to; Shower/Wet room: Tiled shower area with glass screen. Hand basin with mixer tap. Low level WC. Heated towel rail. Extractor fan. Ceiling recessed spotlights.
Mirror with touch sensitive light. Fitted shelves. Bedroom 2: 11’6” x 8’1”, (3.5m x 2.5m). TV point.
Outside: The Meadow Walk development has communal parking and delightful communal gardens and grounds with an extensive paved terrace, shaped lawns well stocked plant and shrub beds and a Greenhouse for use by residents.
Services: All mains services are connected. District Authority: North Norfolk District Council, Cromer. Tel: Tax Band: “A”. EPC: B.
The Apartment: Is being offered for sale leasehold on a 999 year lease from 2021. Rent, service charge and support charge of £594.73 per month is payable.
(This figure may vary if a different support package is chosen). Note: Residents must be approved by Housing21 to confirm their needs can be met.
Directions: From the Town Centre take Norwich Road, and at ¾ mile turn left into Smiths Lane.
Continue straight over the roundabout, and at the next roundabout, turn left, (past Morrison’s Fuel Station).
Continue straight over the next roundabout, past the Doctor’s Surgery and Pharmacy, follow the road about to the left, into Trinity Road and Meadow Walk is on the right.
Location: Fakenham is a Market Town standing on the River Wensum in the heart of North Norfolk.
The picturesque Coast with its fine sandy beaches, pinewoods, marshes, and sailing harbours is 10 miles distant, Kings Lynn is 22 miles distant and the fine City of Norwich, 25 miles.
The Town has a wide range of shopping, educational and sporting facilities, including a National Hunt racecourse, and was once voted by the readers of “Country Life” magazine as the seventh best Town in Britain in which to live.
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 28, Trinity Road, Fakenham
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