1-bedroom flat · NR27 9EF
Listing removedListed 62 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to offer this well-appointed ground floor retirement flat, located within the desirable Homecolne House development in Cromer.
The accommodation comprises a welcoming hallway with a convenient storage/airing cupboard, leading to a bright living room featuring a patio door.
An archway connects the living area to a fitted kitchen, which offers ample space for freestanding appliances. The bedroom benefits from built-in wardrobes, providing practical storage solutions.
Completing the property is a fully tiled bathroom with a white suite and a shower enclosure.
Homecolne House comprises 50 properties arranged over 3 floors and is situated close to the local shops and amenities. Cromer is famous for its crab fishing, lifeboat station and Victorian pier.
It has become a fashionable seaside resort, complete with the Royal Cromer Golf Club.
The narrow streets of the old town twist around the 160 foot tower of ss Peter and Paul, the tallest church tower in Norfolk.
There are many places of interest in the area including Beaconsthorpe Castle, Blickling Hall, Sheringham Hall and the county town of Norwich.
*Please note: Electrical appliances and personal effects may be removed prior to a tenancy commencing and will not form part of the tenancy.
*Service charge and ground rent to be paid by the landlord (in most cases the service charge includes water rates).
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 6, Homecolne House, Louden Road, Cromer
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