2-bedroom flat · NR12 8DN
For saleReduced £5k (−4%) on 1 OctListed 349 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This well-presented two-bedroom first apartment is exclusively for the over 55s and is excellent value being offered at 70% of open market value.
Renovated since 2023 the flat is ideal for the retired and comprises; a shared entrance lobby, entrance hall, lounge/diner, refitted kitchen, 2 bedrooms, modern shower room, gas central heating.
And upvc double glazing.
Conveniently located within 500 yards of Hoveton/Wroxham village centre, the capital of the Norfolk Broads, which offers a range of shops, supermarkets, department store, chemist, doctors surgery, optician, and schools.
The village has a host of pubs, restuarants and eateries.
The River Bure runs through the centre of the village giving access to the Norfolk Broads National Park and offering opportunities for the sailing, fishing or bird watching enthusiast.
There are bus and train services to the city of Norwich and the North Norfolk's excellant sandy beaches.
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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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 45, St. Margarets Gardens, Norwich
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