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See how verdicts work2-bedroom flat · NR27 9PT
Listing removedListed 256 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, first 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. A property that may only be appreciated by a private viewing.
Communal Entrance - Secure entrance door, stairs to first floor.
Private Entrance Hall - Part glazed entrance door, radiator, two large built in cupboards, tiled floor, glass panelled door leading to: Lounge/Dining Room - A light room with aspects to both the front and side, provision for TV, two radiators.
Kitchen - A comprehensive range of high gloss white base and wall cabinets, laminated work surfaces and tiled splashbacks, window to front aspect, wall mounted gas fired boiler providing central heating and domestic hot water, inset four ring gas hob with filter hood above and electric oven beneath, provision for washing machine, dishwasher and tumble dryer, glass panelled door to hallway.
Bathroom - Panelled bath with shower above, pedestal wash basin, close coupled w.c., two windows, radiator, fully tiled walls and floor. Bedroom 1 - Radiator, window to rear aspect.
Bedroom 2 - Radiator, window to front aspect. Outside - The properties stand in communal gardens.
However, by agreement with the freeholder, the apartment on the ground floor and this apartment have allocated garden areas for their own use.
In legal terms, the garden remains communal but in practice, each apartment uses its own garden area. The area currently used by number 20 is fully enclosed and partly grassed.
There is a communal off-road parking area. Agents Note - The property is held on the balance of a 125 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 Sectio0n 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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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 20, Half-Year Close
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