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See how verdicts work1-bedroom flat · NR26 8DW
Listing removedListed 206 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered with no onward chain is this purpose built retirement apartment located on the top floor and benefitting from a south facing aspect.
The property has recently been re-decorated throughout and new floor coverings have been laid making it ready to move into.
Heating is provided by electric off-peak heating and the windows are sealed units in UPVC frames. 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.
Communal Entrance - Secure entry system through to the communal entrance area with access to the Residents' lounge and lift to all floors.
Entrance Hall - Wall mounted electric heater, large built in cupboard housing water cylinder and space for vacuum cleaner etc.
Wet Room - Pedestal wash basin, close coupled w.c., electric shower unit, fully tiled walls, extractor fan.
Lounge/Dining Room - Timber and marble effect fire surround with point for electric stove, provision for TV, electric wall mounted heater, window to south facing aspect.
Archway to: Kitchen - Fitted with a range of base and wall cabinets with laminated work surfaces and tiled splashbacks, inset sink unit, inset electric hob with built in oven beneath.
Space for fridge/freezer. Bedroom - Window to south facing aspect, wall mounted electric heater, built in wardrobe with folding mirrored doors.
Outside - Shannock Court stands in neatly maintained communal gardens. At the rear is a communal car park for residents and visitors.
Tenure - The apartment is leasehold and has the balance of a 125-year lease from 1998. Ground Rent £446.70 per annum. Maintenance £2466.96 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
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 George Street, Sheringham
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