1-bedroom flat · PE38 9HB
For saleListed 221 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**no onward chain** Ideally situated within walking distance of both the train station and the town centre, this one-bedroom first floor apartment offers convenient, low-maintenance living in a highly accessible location.
The accommodation comprises a spacious and light-filled lounge, a modern fitted kitchen, a comfortable double bedroom with fitted wardrobe, and a well-appointed bathroom.
The layout is well balanced and perfectly suited to first-time buyers, investors, or those looking to downsize.
Externally, the property benefits from one allocated parking space, providing added convenience.
A fantastic opportunity to acquire an apartment with excellent transport links and amenities close at hand.
Accommodation - Front entrance door into:- Entrance Hall Intercom, airing cupboard, doors to all rooms, electric storage heater.
Lounge 13’9” x 11’0” (4.20m x 3.35m) Electric storage heater, 2 x uPVC double glazed windows.
Kitchen 11’0” x 5’9” (3.36m x 1.77m) Matching wall and base units with worktop over, electric oven and hob with extractor over, stainless steel sink drainer, integrated fridge/freezer, space for washing machine, uPVC double glazed window.
Bedroom 12’1” x 8’10” (3.70m x 2.71m) Fitted wardrobe unit, electric heater, uPVC double glazed window.
Bathroom Panelled bath with electric shower over, low level w.c., handwash basin, extractor fan, electric fan heater. Outside One allocated parking space. Agents Notes: Approx.
79 years remaining on the leasehold. There are service charges of approx. £1170.
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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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 7, Otter Close, Downham Market
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