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See how verdicts work2-bedroom flat · IP22 4QW
No longer listedReduced £15k (−7.5%) on 25 JulListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located within a short walking distance of the centre of Diss, the property is found within a select and private development slightly to the west of the town centre.
The historic market town of Diss is found on the South Norfolk borders close to the beautiful countryside surrounding the Waveney Valley.
The town offers an extensive range of day to day amenities and facilities with the benefit of a mainline railway station with regular/direct services to London Liverpool Street and Norwich.
For the motorist there is easy access to the A140 with Norwich lying approximately 25 miles to the north and Ipswich respectively 26 miles to the south.
This property is situated within a prestigious and highly sought-after old maltings conversion, developed in the late 1990s by respected local developer Danny Ward.
This attractive development benefits from large, well-maintained communal areas surrounded by a mix of apartments, townhouses, and bungalows, all retaining much of their original character and charm.
Access is via a shared communal area, which has recently been redecorated to give a pleasing first impression.
There is also a shared ground floor storage area, which is lockable and provides secure storage for bikes and other items.
Upon entry to the apartment, you are greeted by a spacious hallway with ample built-in storage, including a double and single cupboard.
This leads to an inner hall providing access to the bedrooms, bathroom, and reception room. The property features laminate flooring and is well decoration throughout.
A standout feature is the large, open-plan reception room, essentially separated into three distinct areas. The kitchen offers plenty of cupboard space and the required integrated appliances.
Adjacent is a versatile living space that would serve well as a dining area, which is open-plan to the main living area, this room is flooded by plenty of natural light due to its double aspect.
Both bedrooms are well-sized and well-proportioned. The bathroom has been refurbished in recent years and is still excellently presented with a modern three-piece white suite.
Agents note This property includes one allocated off-road parking space.
The apartment is held on a long leasehold basis, with a 999-year lease commencing from the time of construction being in June 2000.
For further information regarding the lease, ground rent and service charge, please contact the selling agent.
Entrance hall living area - 4.88m x 7.19m (16'0" x 23'7") & 2.95m x 2.44m (9'8" x 8'0") kitchen - 2.90m x 2.44m (9'6" x 8'0") bedroom - 3.20m x 4.04m (10'6" x 13'3") bedroom - 2.67m x 4.04m (8'9" x 13'3") bathroom - 2.06m x 1.80m (6'9" x 5'11") services Drainage - mains Heating - gas EPC Rating C Council Tax Band B Tenure - leasehold Anti-Money Laundering Fee Statement To comply with hmrc's regulations on Anti-Money Laundering (aml), Whittley Parish are legally required to conduct aml checks on every purchaser(s) once a sale is agreed.
We use a government-approved electronic identity verification service from Landmark 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 is £50 + VAT (£60 inc VAT) per purchase, payable in advance after an offer has been accepted.
This fee to Whittley Parish 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.
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.
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FAQ
About 20, Cherry Tree Court, Diss
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