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See how verdicts work2-bedroom flat · NR30 3RQ
For saleReduced £5k (−5.6%) on 13 AugListed 191 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Aldreds are pleased to offer this well presented second floor flat in a purpose built block that would make an ideal investment property or first home.
The property is situated in a convenient location for local amenities and the third river crossing with a spacious layout of accommodation comprising of a common security entry phone entrance, entrance hall, living room, modern fitted kitchen, two double bedrooms, bathroom and separate wc.
Outside there are communal grounds and a store. The property also benefits from double glazed windows, electric heating and is offered chain free.
Common Entrance Hall Security entry phone, part glazed wood panelled door to: Entrance Hall Double glazed window to rear aspect, night storage heater, utilities cupboard, built in storage cupboards, doors leading off to: Living Room (5.10 x 3.27 (16'8" x 10'8")) Double glazed window to front aspect, night storage heater, fitted carpet, tv point.
Kitchen (4.08 x 3.15 maximum (13'4" x 10'4" maximum)) Including the built in airing cupboard housing the hot water cylinder, fitted kitchen with white gloss finish wall and matching base units with work surfaces over, single drainer stainless steel sink unit, electric cooker point, vinyl flooring, part tiled walls, double glazed window to front aspect, night storage heater.
Bedroom 1 (4.27 x 2.87 (14'0" x 9'4")) Plus door recess, fitted carpet, double glazed window to front aspect.
Bedroom 2 (3.85 x 3.07 (12'7" x 10'0")) Double glazed window to front aspect, fitted carpet.
Bathroom White suite comprising panelled bath with electric power shower over, wash basin, vinyl flooring, frosted double glazed window to front aspect.
Cloakroom Low level wc, vinyl flooring, frosted double glazed window to front aspect. Outside There are communal grounds with an outside drying area and secured brick built store.
Tenure Leasehold - 125 Year lease from 1988 with approximately 88 years remaining. Service Charge £706.82 pa.
Ground Rent £10 pa Council Tax Great Yarmouth Borough Council - Band 'A' Location Great Yarmouth is the largest resort on the East Norfolk coast with its Historic Market Place and varied selection of shops.
The town has a busy port and the rivers Yare and Bure gives access to the Norfolk Broads.
There are Museums * Race Course * Heliport * Beach * Schools for all ages * District Hospital approximately 5 miles south. Bus and rail services connect with Norwich.
Directions From the Yarmouth office head south along South Quay, bear left into Queens Road, continue over the traffic lights, turn left into Havelock Road, turn left into the flats where Louise Close can be found on the right.
Y12699/04/26/Cf
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
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FAQ
About 45, Louise Close, Great Yarmouth
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