3-bedroom detached house · PE31 7FH
Listing removedListed 341 days
Opportunity summary
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About
SOLD AFTER AUCTION A detached Grade II listed three bedroom Water Mill successfully used as a holiday let providing an annual income of £35,628 A Grade II listed former water mill currently used as a holiday let providing an income of £35,628 including three bedrooms, one with en-suite, and a bathroom on the ground floor.
An open plan living room kitchen is located on the first floor. Outside provides gardens, the mill pond and the former mill. Total plot is 0.74 of an acre (stms) including part of the mill pond.
Snettisham is located North of Kings Lynn and offers local facilities. A main line rail link can be found at Kings Lynn. Note.
The owners are responsible for managing the water level and the mill pond. There is a public footpath to the front of the property. The property cannot be occupied as a main residence.
Ground floor Hall, master bedroom, ensuite, two further bedrooms and a bathroom. First Floor Open plan living room/kitchen.
Outside Gardens and mill pond 0.74 of an acre (stms) Tenure: Freehold Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Snettisham Water Mill, Mill Gardens, Snettisham, Norfolk PE31 7FH
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