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See how verdicts work2-bedroom flat · NR27 0AT
For saleReduced £10k (−5.1%) on 21 JunListed 501 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold 5 Warnes Close, Cromer This chain-free 2 bedroom ground-floor apartment is set within Warnes Close, a residential area of Cromer within easy reach of local amenities, schools, Cromer Hospital, the doctors’ surgery & the town centre.
The apartment includes a living/dining room, kitchen, 2 double bedrooms & bathroom. The living/dining room has windows to several aspects, giving the space a practical layout for everyday use.
The kitchen includes fitted wall & base units, an integrated oven, gas hob & space for an under-counter fridge.
Both bedrooms are positioned to the rear, while the bathroom includes a bath with shower over, WC & pedestal basin. The location is convenient for several local facilities.
Cromer Cricket Club is close by, with North Lodge Park, Cromer Pier, the promenade, beach, shops, cafés & transport links also within walking distance.
There is a garage to the rear of the property, accessed by a path & roadway. The garage is currently used for storage & has an up-and-over manual door.
Cromer Cromer is one of North Norfolk’s best-known coastal towns, popular with residents for its combination of seaside character, everyday convenience and strong sense of community.
The town offers a wide range of amenities, including supermarkets, independent shops, cafés, restaurants, schools and healthcare facilities, along with direct rail links to Norwich.
Its mix of practical day-to-day services and coastal surroundings makes Cromer a popular choice for families, retirees and those relocating to the area full time.
Cromer is well known for its traditional pier, wide beaches and strong connection to the sea, while the surrounding coastline and countryside provide easy access to walking routes and outdoor activities throughout the year.
Despite its popularity with visitors, Cromer remains a working and well-supported town year round, with a busy local community and regular events helping maintain activity outside of the holiday season.
The town also benefits from a good mix of character properties, period homes and more modern developments across both the town centre and surrounding residential areas.
For those looking for a well-connected coastal town with a strong community feel and access to everything needed for day-to-day living, Cromer continues to be one of North Norfolk’s most sought-after places to live.
EPC rating To be confirmed. Council Tax Band B. Services Connected Mains water, electricity, gas and drainage.
Agent’s Note Lease term: 99 years from 16 January 2017 90 years remaining Ground rent & maintenance charge: £900 Holiday lets not permitted Long-term lets permitted Important note We have recently moved to a new crm system.
While we aim to ensure all property details are accurate, some information may not yet have been fully verified following the changeover.
If you would like clarification on any important points, including flood risk, rights of way, restrictions or similar matters, please speak with our team.
We appreciate your understanding whilst this transition is completed. Parking - Garage Disclaimer These particulars are provided as a guide only and do not form part of any offer or contract.
Henleys and its representatives have no authority to make or give representations or warranties.
All descriptions, measurements, photographs and plans are for guidance only and should not be relied upon as statements of fact.
Buyers should satisfy themselves as to the accuracy of the information through inspection or professional advice.
Services, appliances and equipment have not been tested and no warranty can be given as to their condition.
Planning permissions, building regulations and other consents should be verified by the buyer’s legal adviser.
Leasehold buyers should confirm ground rent, service charges and lease details with their legal adviser.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About 5, Warnes Close, Cromer, NR27
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