1-bedroom flat · NR26 8DW
For saleListed 382 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in the heart of the Town and offered with no onward chain is this beautifully presented GROUND FLOOR apartment enjoying a pleasant aspect over the communal gardens.
The Town Centre is just a short stroll and both bus and rail services are close by too.
The property forms part of a retirement complex where there are communal facilities for those who enjoy each other's company.
The property has been re-furbished in recent years with a new kitchen and bathroom and is beautifully presented throughout.
An ideal, low maintenance home for those wanting to retire close to the Town Centre.
Communal Entrance - Secure entry system through to the communal entrance area with access to the Residents' lounge and lift to all floors.
This apartment may also be reached via its own private entrance door from the rear garden side.
Private Entrance Hall - Large built-in shelved airing cupboard housing pre-lagged hot water cylinder with immersion heater and electric service meters, Modern electric heater.
Lounge/Dining Room - Feature timber and marble fire surround with marble hearth, provision for TV, modern electric heater, part glazed door and windows to rear garden area, two wall light points.
Archway to: Kitchen - Recently re-fitted with a range of high gloss base and wall cabinets with laminate worksurfaces and tiled splashbacks, inset electric hob with filter hood above and electric oven beneath.
Inset, stainless steel sink unit, space for fridge/freezer. Bedroom - With window to rear aspect, modern electric heater, wall light point, built in wardrobe with folding mirror doors.
Shower Room - Recently re-fitted with a modern shower enclosure with mixer shower, fully tiled splashbacks, vanity wash basin, close coupled w.c., wall mounted convector heater, mirrored cabinet and electric shaver point.
Tenure - The apartment is leasehold and has the balance of a 125-year lease from 1988. Ground Rent £447 per annum. Maintenance £2457 per annum to include water rates and building insurance.
Agents Note - The property has a Council Tax rating of Band B and has mains electricity, water and drainage connected.
It is also a condition of purchase that all residents must be over the age of 60 except in the case of a couple where one must be 60, the other over 55.
There is also a communal laundry room with free access to washing machines and tumble driers.
Value & comps
No previous sales on record.
Returns
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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 George Street, Sheringham
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