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See how verdicts work2-bedroom flat · IP21 4YJ
Listing removedListed 323 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Hillcrest Court is a unique historic workhouse conversion found in between Diss and Long Stratton having been converted approximately thirty years ago and now comprising of a mixture of different types of one, two and three bedroom flats within a pleasing small development.
The property itself comprises of a first floor two bedroom flat, offering spacious accommodation with replaced energy efficient Economy 7 storage heaters and enjoys particularly pleasing views to both the southern and northern aspect of the building.
Being a leasehold property there are obligations towards a ground rent and service charge.
The ground rent is currently £25 per six months with the service charge being £105 per month, the building insurance is understood to be approximately £400 per annum.
The agent has also been advised there is approximately 162 years remaining on the lease. Externally the property/development is approached off the A140.
There is the benefit of a good provision of off-road parking space for the properties whilst benefitting from a large communal garden surrounded by the open rural countryside.
Found within close proximity of the market town of Diss, just ten miles to the south, and offering an extensive and diverse range of many day to day amenities and facilities with the benefit of a mainline railway station with regular/direct services to London Liverpool Street.
The village of Pulham Market is approximately one mile away with an excellent range of day to day amenities and facilities with village shops, convenience stores, post office, doctor's surgery, public houses, schooling and a fine church.
Entrance hall A good space for shoes and coats with an inner hallway measuring 25' 8" x 2' 11" (7.83m x 0.91m) with three windows to the southern aspect of the building giving elevated views over the rural countryside.
Built-in airing cupboard to side housing the hot water cylinder and with shelving. Lounge Found to the front aspect of the building and having views over the small communal green.
Flooded by plenty of natural light and would serve well as a lounge/dining room integrated together.
Kitchen Found to the front aspect of the building and being a remodelled kitchen with storage cupboards and marble effect roll top work surface over, inset stainless steel 1 1/2 bowl sink with drainer and mixer tap above.
Space and plumbing for automatic washing machine, tiled splashbacks. Space for oven to side. Bedroom one Found to the front aspect of the property being a good size double bedroom.
Bedroom two Found to the front aspect of the property also being able to cater for a double bed if required. Bathroom Comprising of a low level wc, panelled bath and hand wash basin.
Comprising of a panelled bath with electric Triton shower over and hand wash basin. Part tiled walls.
12 months ground rent and service charge included agents note: Material Information regarding the property can be found in our Key Facts for Buyers interactive brochure located in the Virtual Tour no.
2 thumbnail. Services Drainage: Mains Heating: Night Storage Heaters Council tax band: A EPC rating: D Tenure: Leasehold
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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 24 Hillcrest Court, Ipswich Road, Diss
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