1-bedroom flat · IP22 4DR
Listing removedListed 518 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Found off Church Street, the property is located in a small executive development of some 28 similar properties in a tranquil courtyard like situation.
The development is well laid out and extremely well maintained whilst having a pleasing and friendly atmosphere within.
Further features of the development include an onsite residential manager, with alarm pulls within all of the properties (for when the manager is off duty there is the benefit of a 24 hour emergency care line response system), communal and well stocked gardens with off-road parking (and visitor bays).
The historic market town of Diss offers an extensive and diverse range of many amenities and facilities further with the benefit of a mainline railway station with regular services to London, Liverpool Street and Norwich City.
Diss is situated within the beautiful countryside surrounding the Waveney Valley on the south Norfolk borders and for the motorist Norwich is located approximately 25 miles to the north and Ipswich respectively 26 miles to the south.
Residents of the development must be over the age 60 years and in the event of a couple a spouse must be over the age of 55.
Being a leasehold property there are obligations towards the cost of the ground rent and a service charge, (with the ground rent being approximately £53.00 per six months and the service charge being in the regions of £2600.00 per annum (see agents note for most information on the most recent half yearly amount).
The lease reverts off a 99 year lease from 1985.
The property comprises of a ground floor one bedroom flat within a building built of traditional brick and block cavity wall construction under a pitched interlocking tiled roof.
Over the years the property has benefitted from the installation of replacement sealed unit UPVC windows and doors and offers accommodation measuring approximately 470 square feet.
Entrance hall: Living room: - 4.62m x 2.90m (15'2" x 9'6") kitchen: - 2.87m x 2.87m (9'5" x 9'5") bedroom: - 3.53m x 2.87m (11'7" x 9'5") bathroom: - 1.65m x 2.13m (5'5" x 7'0") agents note The most recent service charge which was paid for the 18th January 2024 to the 30th June 2024 was £1493.35.
Agents note: Material Information regarding the property can be found in our Key Facts for Buyers interactive brochure located in the Virtual Tour no. 2 thumbnail.
Services: Drainage - mains Heating - gas EPC Rating C Council Tax Band A Tenure - Leasehold - 60 years remaining Anti-Money Laundering Fee Statement To comply with hmrc's regulations on Anti-Money Laundering (aml), Whittley Parish are legally required to conduct aml checks on every purchaser(s) once a sale is agreed.
We use a government-approved electronic identity verification service from Landmark to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf).
The cost of anti-money laundering (aml) checks is £50 + VAT (£60 inc VAT) per purchase, payable in advance after an offer has been accepted.
This fee to Whittley Parish is mandatory to comply with hmrc regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
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
Agent & docs
FAQ
About St Marys Court,25, Church Street, Diss
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