2-bedroom terraced house · NR12 9AA
For saleReduced £10k (−5%) on 21 JunListed 1203 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price - £200,000 - £220,000.
Aldreds are delighted to offer this lovely, modern holiday cottage located in a popular small development of holiday homes with communal grounds and fishing lake in the unspoilt village of East Ruston.
The village is located conveniently just inland from the North East Norfolk coast and just to the North of the Norfolk Broads network, making it an excellent base to explore the local area.
This well appointed property is nicely presented throughout and is currently run as a successful holiday let making it an ideal purchase for someone looking to continue holiday letting or equally those looking for a private second home.
Early internal viewing is strongly recommended to appreciate this well located property.
Entrance Hall Part glazed entrance door, stairs to first floor landing, radiator, door giving access to: Lounge/Diner (16' 1'' x 14' 9'' (4.91m at max x 4.5m)) With glazed sliding patio doors giving access to patio and grounds beyond, rear facing window, two radiators, power points, television point, open plan access to: Kitchen (8' 5'' x 5' 9'' (2.57m x 1.76m)) Window to front aspect, tiled flooring, a range of modern fitted kitchen units with solid wood work surface and breakfast bar, ceramic sink drainer with mixer tap, integrated oven and ceramic hob and stainless steel chimney extractor, oil-fired boiler for hot water and central heating, integrated fridge.
First Floor Landing Loft access, smoke detector, doors leading off.
Bedroom 1 (13' 0'' x 9' 11'' (3.96m x 3.03m)) Two front facing windows allowing an attractive view across the parking area towards open countryside, radiator, power points, built-in wardrobe.
Bedroom 2 (10' 9'' x 9' 7'' (3.27m x 2.92m reducing to 2.58m)) Window to rear aspect, allowing a tremendous view over the communal grounds and fishing lake, built-in wardrobe, radiator, power points.
Bathroom Window to rear aspect, fully tiled walls an floor, ventilation, tiled in bath, with mixer tap with shower attachment, low level WC, hand wash basin within a fitted vanity unit, heated towel rail.
Outside The property benefits from two spaces in a communal parking area to the front of the development with individual oil tank supply in an enclosed area.
To the rear is a private patio garden overlooking the communal grounds with open timber fencing and gate giving access to the communal lawns, with fishing lake and a wonderful wooded backdrop beyond.
Agents Note A holiday restriction applies on this property and it can be used 52 weeks of the year - Prospective buyers should have another main residence.
The property is sold with some furniture, fixtures and fittings, minus any personal belongings of the vendors. Tenure Leasehold - the remainder of a 999 year lease from April 2003.
Annual ground rent £50.00, service charge approximately £125.00 per month.
This covers general maintenance and upkeep of the communal grounds, lake and parking area and external building maintenance and decoration, waste collection and disposal.
All water and sewerage charges are included in the service charge. Services Mains water, electric and drainage. Council Tax North Norfolk District Council.
We understand this property is business rated for holiday letting. Location East Ruston is a delightful rural village located between Broadland and the coast.
The Broadland town of Stalham is approximately 3.5 miles away with its own facilities including Health Centre, First, Junior and High Schools, Post Office, Tesco Supermarket and a range of High Street Shops and Food Outlets.
East Ruston itself has a First school and a public house/restaurant (The Butchers Arms). The nearby East Ruston Vicarage Gardens are a famous visitor attraction. Reference S9721/pjl
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 Grayling 8 Ruston Reaches, Chapel Road, Norwich
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