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See how verdicts work2-bedroom flat · NR19 1TS
For saleListed 17 daysAuction 17 Nov · in 22 days
Opportunity summary
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About
FOR SALE BY LIVESTREAM AUCTION ON 17 NOVEMBER 2026 TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE Two bedroom second floor flat currently tenanted producing £775 pcm situated in the centre of Dereham.
This two bedroom first floor flat is situated in the centre of Dereham and would make an ideal turn key investment.
Currently managed by a local agent and producing £9,300 pa this is a well maintained light and airy spacious flat.
Offered for sale with 57 years remaining on the lease which can be extended, however would suit cash buyers only because of this.
Some improvements to update the flat and extend the lease would improve the value.
Accommodation comprises spacious communal entrance hall with phone entry system, entrance hall, generous sitting room which leads into open kitchen, two double bedrooms and bathroom.
NB: The owner is also selling another vacant two bedroom flat on the first floor in the same block in this auction.
Lease details 99 years from 24 June 1984 Communal Entance Spacious entrance with stairs to all floors, mail boxes and telecom entry Accommodation Entrance hall, generous sitting room, two bedrooms, kitchen and bathroom.
External Carpark with allocated parking Council Tax Band A Viewings Viewings are being held strictly by appointment and in conjunction with the tenants Please contact the Norwich Office to book an appointment.
Tenure: Leasehold Lease Details: 99 years from 24 June 1984 EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1140 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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 starting price
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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.
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About 12B Aldiss Court, High Street, Dereham, Norfolk NR19 1TS
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