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See how verdicts work1-bedroom flat · NR19 2BW
Sold STCListed 439 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY >> 75% SHARED OWNERSHIP! A 1 bedroom ground floor apartment, exclusive to over 55's and located just a stones throw away from Dereham town centre.
Offered for sale with no onward chain, open-plan living space, convenient shower room, attractive communal gardens & permit parking!!
DESCRIPTION Situated within a well-regarded over 55's assisted living development, this modern 1-bedroom ground floor apartment offers convenient and low-maintenance living with the benefit of communal facilities and gardens, all just a short walk from Dereham town centre.
Built in 2018, the home comprises an entrance hall, a spacious open plan kitchen/dining/living area, a double bedroom, and a convenient shower room.
The apartment also enjoys a low maintenance front garden space, communal and permit parking, and access to attractive shared gardens.
Additional benefits include gas fired central heating and double glazed windows. Each property has an emergency alarm system and access to common room and laundry.
Offered with no onward chain, this property is a fantastic opportunity for those seeking peaceful, community-focused living in a well-connected location.
The Accommodation Double glazed external entrance door opening to; Entrance Hall Fitted carpet flooring, built-in storage cupboard, fuse box, radiator, double glazed floor to ceiling window to front aspect and doors opening to all rooms.
Open-Plan Kitchen/Lounge A range of wall and floor mounted base units with complementary rolled edge work surfaces over, inset sink with mixer tap, tiled splashbacks, built-in eye-level electric oven, inset electric hob with concealed extractor over, space for free standing fridge freezer, space for washing machine, wall-mounted boiler, inset ceiling spotlights, part wood effect and fitted carpet flooring, double glazed windows to side aspect and double glazed patio doors opening to the front aspect.
Bedroom Fitted carpet flooring, radiator and double glazed window to side aspect.
Shower Room Three piece suite comprising low level w.c, pedestal hand wash basin, tiled splashbacks, walk-in shower cubicle, vinyl flooring, heated towel rail and double glazed obscure glass window to front aspect.
Outside There is a small car park with unallocated parking spaces, along with permit parking available for one car. A limited number of unallocated car parking spaces are available on site as well.
To the front, there is a low-maintenance courtyard area, ideal for outdoor relaxing with pleasant views surrounding.
Within the community, there are attractive communal gardens with patio seating area, perfect for outside relaxing.
The remainder is laid to lawn with a variety of plant beds, adding a touch of natural greenery.
Agents Note Please note the listing price shown of £135,000 is a 75% share, based on the full market value of £180,000. We understand this property is leasehold.
The lease length is 125 years from 25 March 2018. The current service change is approximately £2,052 per annum. The current sinking fund cost is approximately £312.00 per annum.
Further costs may be applicable. Further details of this can be obtained from your conveyancer at the time of purchase. Location Dereham is situated about 16 miles from the City of Norwich.
It has a modern shopping centre, large supermarkets, a full range of schools, hotels, churches and public houses.
There are regular bus services to all the nearby towns and villages, together with a fantastic route into Norwich City centre.
Dereham boasts many sport and leisure activities including Dereham Leisure Centre, which incorporates a full gymnasium, modern pool and indoor bowls.
There is also a friendly and sociable golf club located off the well regarded Quebec Road. DIRECTIONS From Dereham town centre proceed to the War Memorial and bear left down Swaffham Hill.
Take the first turning left into Becclesgate and continue to the end of the road. The entrance for York Place can be found on the left hand side.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT.
THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS.
NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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