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See how verdicts work2-bedroom flat · NR27 9PT
Listing removedListed 168 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in the popular north Norfolk coastal village of East Runton is this purpose built, ground floor apartment set in a small close within easy reach of the Village Common and the small selection of shops, Restaurant and Public Houses.
The village is renowned for its beach and seaside walks to the neighbouring town of Cromer, and a regular coastal bus service passes through the centre.
This apartment is an ideal first purchase and offers gas centrally heated accommodation with two bedrooms. Good size lounge and modern kitchen, with a private garden and off road parking.
A property that may only be appreciated by a private viewing. Communal Entrance - Secure communal entrance door, and private entrance door into the apartment.
Private Entrance Hall - Part glazed entrance door, radiator, two large built in cupboards, wood floor, small pane glass panelled door leading to: Lounge/Dining Room - A light room with aspects to both the front and side, provision for TV, radiator, wood floor, ceiling light.
Kitchen - A comprehensive range of modern light wood base and wall cabinets, laminated work surfaces and tiled splashbacks, window to rear aspect, inset four ring electric hob with filter hood above.
Built in electric double oven, provision for washing machine and tumble dryer, tiled floor and ceiling light.
Bathroom - Panelled bath with electric shower over, wash hand basin, tiled walls, ceiling light and window to the rear.
Wc - Window to the rear, tiled floor, low level WC, ceiling light and tiled walls. Bedroom One - Window to the rear, wood floor and ceiling light.
Bedroom Two - Window to the front, wood floor and ceiling light.
Outside - There is a private front garden with hedging and mainly laid to lawn, side access leading round to the rear garden with timber panel fencing lawn area and two brick storage sheds.
Agents Note - The property is held on the balance of a 115 year lease from 1989 with 88 years unexpired. Current Ground Rent/Maintenance charge is approximately £65 per month.
The property has all mains services connected and has a Council Tax Rating of Band A.
Please note that this property has a Section 157 covenant and may only be purchased by someone who has either lived or worked in Norfolk for the past three years.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Half-year Close, East Runton, Cromer
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