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See how verdicts work1-bedroom flat · NR35 2SA
Sold STCReduced £5k (−3.4%) on 25 AugListed 296 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
In summary No chain!
Located within the sought after development of The Maltings in Ditchingham you will find this first floor apartment, offers and ideal investment opportunity as currently being sold with a tenant in situ.
Presented in excellent order with allocated parking space, open plan accommodation and a rear facing balcony.
The apartment is presented in excellent order and would make an ideal first time purchase or lock up and leave.
The apartment is accessed via the secure communal entrance with stairs and lift leading up. Internally you will find an entrance hallway with main bathroom.
There is a generous and well presented double bedroom with plenty of space for wardrobes as well as access to the balcony.
The main open plan reception area offers plenty of space for entertaining and also has an access to the balcony. The kitchen is well fitted and fully integrated.
The apartment benefits from some character as well as plenty of natural light.
Setting the scene The property is found within the original building at the start of Pirnhow Street with parking to the front in which you will find one allocated parking space.
There is access to the building via the communal entrance with a secure entry telecom system. There are stairs and a lift leading to the first floor where the apartment can be found.
The grand tour Entering the apartment via the main entrance you will find an entrance hallway with built in storage.
The main bathroom is found immediately ahead which is tiled and has benefited from some updating in recent years. There is a bath with shower over as well as hand wash basin and w/c.
The double bedroom a calming bright room with access onto the balcony as well as space for wardrobes and wood panelling.
The main reception space provides plenty of space for sitting and dining and is open plan to the kitchen with access onto the private balcony also.
The balcony offers a beautiful private space ideal for table and chairs as well as a few plant pots.
The kitchen features a range of modern units with wood effect worktops over as well as integrated electric oven and gas hob.
There is an integrated wine shelf, fridge/freezer, dishwasher and washing machine.
Find us Postcode : NR35 2SH What3Words ///amended.sunbeam.skinning Virtual tour View our virtual tour for a full 360 degree of the interior of the property Agents note Buyers are advised the property is leasehold with a 999 year lease from Jan 2013 (988 years remaining).
We are of the understanding the ground rent is approximately £250 per annum with a monthly service charge in the region of £177pcm.
For further details regarding the tenancy, please contact our Bungay team.
EPC Rating: B Location This is an incredibly sympathetic Heritage site which was built by P J Livesey in 2013 to match the style of the former silk mill which stood on this site since c1832.
Situated in Ditchingham, a south Norfolk village located approximately 1 mile outside the market town of Bungay, which provides many facilities for the local area with a range of shops, including a Co-Op Supermarket, two Newsagents, Fishmongers, Post Office, Hardware Store, Cafe by the river and a choice of fast-food outlets.
In addition, there is a Doctors' Surgery, Dentist, Library, Optician and Bank, together with a good bus service to Norwich and beyond.
Garden The great outdoors The property offers a private rear facing balcony off the main reception space and off the bedroom which is perfect for a table and chairs and a few plant pots.
Disclaimer Anti-Money Laundering (aml) Fee Statement: To comply with hmrc's regulations on Anti-Money Laundering (aml), we are legally required to conduct aml checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf).
The cost of anti-money laundering (aml) checks are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee is mandatory to comply with hmrc regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Maltings 21b Pirnhow Street, Bungay
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