2-bedroom flat · NR27 9HS
Listing removedListed 140 daysAuction 24 Jun · ended
Opportunity summary
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About
Guide Price = £75,000+ **For Sale By Public Auction 24th June 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A Vacant First Floor Two Bedroom Flat By Order of the Executors Tenure Leasehold.
The property is held on a 99 year lease from 1st September 1987 (thus approximately 60 years unexpired ). Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Comer Beach are within easy reach. Transport links are provided by Cromer rail station.
Description The property comprises a first floor two bedroom flat situated within a mid terrace building building arranged over ground and three upper floors.
The property has been recently refurbished Accommodation First Floor Reception Room Kitchen Two Bedrooms Bathroom Separate WC Further Information When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder.
This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension.
The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.
Viewing Appointments to be Confirmed
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
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FAQ
About 35, Prince of Wales Road, Cromer
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