2-bedroom terraced house · PE31 8UR
Sold STCReduced £10k (−2.9%) on 21 JunListed 299 days
Opportunity summary
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About
Two-Bedroom Property On An Over-55's Development, A Minutes' Walk From The Centre Of Burnham Market The Norfolk Agents are pleased to offer this well-presented terraced property, situated on a private development for residents over the age of 50; just a minutes' walk from the many amenities available around the picturesque village green in the centre of Burnham Market.
The property, which is available with no onward chain, has been recently refurbished and offers open-plan ground floor living accommodation with a modern fitted kitchen, as well two first floor bedrooms.
Other features include a garage and use of the neatly attended communal gardens at Polstede Place.
Accommodation Visitors are welcomed at the front of the property into a spacious entrance porch, with vaulted ceilings and a door leading into the inner hall.
From the hall there are stairs rising to the first floor, a large built-in coat cupboard and a door into the ground floor cloakroom, which also provides plenty of space for the storage of coats and shoes, and could also be adapted into a ground floor shower room if required.
The main reception space is the impressive open-plan living/dining area, with French doors to the front and a door leading out to the rear garden.
An opening from the dining area leads into the refurbished kitchen, which comprises a collection of cream shaker style base and wall-mounted storage units under fitted work surfaces, with plumbing/space for a range of amenities.
Upstairs there are two bedrooms arranged around the landing, which also houses the built-in airing cupboard.
The master bedroom is a generous double room with a large walk-in wardrobe, whilst the second bedroom is a more compact double or generous single room.
Both bedrooms are served by a neatly appointed bathroom, with a shower over a corner bath, hand basin, WC and heated towel rail.
Location The village of Burnham Market is one of Norfolk's most highly sought-after locations, with an array of shops, cafes and pubs around the picturesque village green.
Amenities include a traditional post office, butcher, hardware shop and fish shop, as well as over thirty independent shops, beauty salons and galleries.
The village is only a short drive from the coast and has access to miles of countryside walks. Services The property is connected to mains drainage, electricity and water supply.
Electric room heaters installed throughout. Agents notes A restriction stipulates that the property must be occupied by at least one resident over the age of 50.
The property can not be used as a short-term holiday let.
There is a service charge of £180 per month for the maintenance of the communal areas, paid to the management company, which constitutes the twelve owners of Polstede Place.
Tenure: Freehold council tax band: C EPC rating: D (63 / 85) - The full certificate can be downloaded or provided by The Norfolk Agents. 1.
To comply with the Money Laundering Regulations, we must verify your identification documents and source of funds. These checks are carried out by Coadjute, a regulated third-party provider.
A £45 fee (+ VAT) per client applies to cover administration and verification, payable at the outset. 2.
While we endeavour to make our sales details fair, accurate and reliable, they are only a general guide to the property.
If there is any point which is of particular importance to you, please contact the office and we will be pleased to make further investigations. 3.
The measurements indicated are supplied for guidance only. 4. Please note we have not tested the services or any of the equipment or appliances in this property.
We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5.
These particulars are issued in good faith but do not form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
The Norfolk Agents limited nor any of its employees has any authority to make or give any representation or warranty whatsoever in relation to this property.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 2 Polstede Place, North Street, King's Lynn
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