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See how verdicts work2-bedroom terraced house · NR26 8JZ
Listing removedListed 354 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £202,000 Bay fronted two bedroom end terrace cottage close to the beach This two bedroom end terrace cottage has a gross internal area of around 1,046 sq/ft.
Known as Allouette it is in a highly favoured location with sea views from the front elevation. It benefits from a large studio room at the rear of the ground floor.
There is no off road parking and the property is in need of updating. It was the home of well known painter Derek Inwood (1925 to 2012) who lived there for the last four decades of his life.
This is where he drew inspiration for perhaps his best known work, his warm and characterful seascapes depicting the daily life of Norfolk crab fishermen.
Ground floor Lounge, dining room, kitchen, studio First floor Landing, two bedrooms, shower room Outside To the front of the property is a small, gated garden area with established shrubs.
At the rear is a courtyard style garden with a pedestrian access to an alleyway at the rear providing access to both Victoria Street and Morris Street.
Viewings Open viewings are arranged and the next are on Wednesday 3 December. To book the next available appointment please call the Norwich office.
Tenure: Freehold EPC Rating: F Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £960 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.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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.
Area
Agent & docs

FAQ
About 22 Victoria Street, Sheringham, Norfolk NR26 8JZ
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