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See how verdicts work2-bedroom flat · NR28 9FJ
For saleReduced £15k (−5.9%) on 29 JulListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented first-floor, two-bedroom apartment overlooking the gardens, featuring a Juliet balcony from the spacious lounge.
The property also benefits from modern touches throughout, including an en-suite shower room and a walk-in wardrobe to the master bedroom.
Louis Arthur Court is a popular McCarthy Stone retirement living development with communal lounge and gardens.
Louis Arthur Court This purpose built McCarthy & Stone retirement living development is in the attractive market town of North Walsham, close to shops and amenities.
The apartment boasts Sky/Sky+ connection points in the living room and secure camera entry system.
The dedicated House Manager is on site during their working hours to take care of the running of the development.
There's no need to worry about the burden of maintenance costs as the service charge covers the cost of all external maintenance, gardening and landscaping, external window cleaning, buildings insurance, water rates and security systems.
All energy costs of the Home Owners lounge and other communal areas are also covered in the service charge.
For your peace of mind the development has camera door entry and 24-hour emergency call systems, should you require assistance.
The Home Owners lounge provides a great space to socialise with friends and family. For visitors who want to stay overnight, there is a guest suite available, making longer visits easy.
Local Area Alongside the popular Thursday market, there are a variety of shops, ranging from independent specialist stores to well-known larger supermarkets, including Waitrose and Sainsbury's.
The town's High street is located only 150 metres from the development so you're never far from all of life's necessities.
North Walsham Train Station provides services to Norwich within 28 minutes and to the Coastal town of Cromer in around 17 minutes.
The town has a popular sports centre, library and community centre, as well as a modern cinema, theatre and arts venue called: The Atrium.
North Walsham is well located for the nearby countryside, including the Norfolk Broads, as well as the beaches - are all just a 20-minute drive away.
Entrance Hall Front door with spy hole leads to the large entrance hall - where the 24-hour Tunstall emergency response system is situated.
From the hallway there is a door to a walk-in storage cupboard/airing cupboard.
Illuminated light switches, smoke detector, apartment security door entry system with intercom and emergency pull cord located in the hall.
Wall mounted electric panel heater, raised power points and fitted carpets. Doors lead to the lounge, bedrooms and shower room.
Lounge A bright and spacious lounge featuring a Juliet balcony that floods the room with natural light while offering pleasant views over the gardens.
There is ample space for a dining table, making it ideal for both relaxing and entertaining.
The room is equipped with Sky/Sky+ connectivity, a telephone point, raised power sockets, and two decorative ceiling lights. A part-glazed door leads through to the separate kitchen.
Kitchen A modern fitted kitchen with a range of high gloss base and wall units with under counter lighting. A single sink unit with drainer and mixer tap with window above providing garden views.
Integrated waist height (for minimal bend) electric oven with space above for a microwave, ceramic four ringed hob with extractor hood above. Integral fridge/freezer. Tiled floor. Ceiling light.
Power points. Master Bedroom Master bedroom with Juliet balcony with views towards the rear gardens. TV and phone point, raised power points and two ceiling lights.
Door leads to a walk in wardrobe / dressing room with hanging rails and shelving, a further door leads to the en-suite shower room.
En-Suite Shower Room Fully fitted with suite comprising of a large double walk-in shower with glass screen and hand-rail. WC, wash hand basin with built-in vanity cupboard, wall mounted mirrored unit.
Electric heated towel rail. Wall and floor tiles. Ceiling spot lights. Electric heated towel rail. Extractor.
Bedroom Two Double second bedroom which would be perfect for use as a dining or hobby room or study. Window providing views towards the rear gardens. Raised power points and ceiling light.
Guest Shower Room Fully fitted suite located off the hallway ideal for visitors, comprising of double shower with glass screen and hand-rail.
WC, wash hand basin with built-in vanity cupboard, wall mounted mirrored. Electric heated towel rail. Wall and floor tiles. Ceiling lighting. Electric heated towel rail. Extractor.
Service Charge • House Manager • 24 hour emergency call system • Water rates for communal areas and apartments • Cleaning of communal areas and windows • Electricity, heating, lighting and power to communal areas • Upkeep of gardens and grounds • Repairs and maintenance to the interior and exterior communal areas • Contingency fund including internal and external redecoration of communal areas • Buildings insurance The service charge is 3,708.96 per annum (for the financial year ending 28/02/2027).
The service charge does not cover external costs such as your council tax, electricity or TV license.
To find out more about the service charges please contact your property consultant or House Manager.
Lease Information 999 Years from 1st Jan 2019 Ground rent: £495 per annum Ground rent review: 1st Jan 2034 It is a condition of the purchase that residents must meet the age requirement of 60 years or over.
Additional Information & Services Moving is a huge step, but don’t let that hold you back.
We have a range of services to help your move go smoothly, including: • free Entitlements Advice to help you find out what benefits you may be entitled.
• Part Exchange service to help you move without the hassle of having to sell your own home. • Removal Services that can help you declutter and move you in to your new home.
• Conveyancing specialists who are experienced with sales and purchases of McCarthy Stone retirement properties.
For more information check our webpage additional services or speak with our property consultant • Full Fibre Broadband available • Mains water and electricity • Electric room heating • Mains drainage
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
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FAQ
About 40 Louis Arthur Court, 27-31 New Road, North Walsham
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