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See how verdicts work2-bedroom property · NR19 1TS
For saleListed todayAuction 17 Nov · in 23 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This two bedroom second floor flat with allocated parking space is situated in the centre of Dereham and would make an ideal turn key investment.
Currently vacant, the flat has the potential to yield £9,300 pa. This spacious flat is light and airy and well maintained.
Offered for sale with 57 years remaining on the lease which can be extended, however suitable for cash buyers only because of this.
Some improvements to update the flat and extend the lease would increase the value.
Accommodation comprises spacious communal entrance hall with phone entry system, entrance hall, generous sitting room which leads to the kitchen, two bedrooms and bathroom.
It also has an allocated parking space.
NB: The owner is also selling another tenanted two bedroom flat on the upper floor in the same block in this auction and is managed by a local agent producing £775 pcm.
Lease details 99 years from 24 June 1984 Communal entrance Spacious entrance with stairs to all floors, mail boxes and telecom entry Accommodation Entrance hall, large sitting room that extends L shaped into the kitchen, two bedrooms, kitchen and bathroom.
External Allocated parking space within car park to the side of the building.
Council Tax Band A Viewings Viewings are being organised by appointment Wed 28 October Fri 6 November Fri 13 November Mon 16 November Please contact the Norwich Office 01603 505100 to book your appointment time Tenure: Leasehold Lease Details: 99 years from 24 June 1984 EPC Rating: C
Value & comps
No previous sales on record.
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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 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
FAQ
About 12A Aldiss Court High Street, Dereham, Norfolk, NR19 1TS
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