2-bedroom flat · NR26 8LQ
For saleListed 91 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 apartment located on the top floor and enjoying excellent views of the sea from the principal rooms.
The apartment forms part of an established block set just west of the Town, within easy walking distance of the Town Centre and just a stone's throw from the beach.
This property has electric off-peak heating and the windows have been replaced with UPVC sealed units.
The block stands in communal gardens and this apartment has the benefit of a brick built garage at the rear. An ideal home by the sea although the lease precludes holiday letting.
Communal Entrance Hall - With secure entry system and stairs to all floors.
Private Entrance Hall - Part glazed entrance door, security entry telephone, built in airing cupboard with hot water cylinder, night storage heater.
Lounge/Dining Room - With windows to front and side with excellent views to the sea. Provision for TV, night storage heater. Kitchen - A light room with window to the rear south facing aspect.
Range of base and wall cabinets with laminated work surfaces and part tiled walls, inset electric hob with built in oven beneath and filter hood above, inset sink unit, automatic washing machine, fridge/freezer.
Wet Room - Window to rear aspect, wall mounted wash basin, low level w.c., miser shower unit with rainwater head and spray, heated towel rail, fully tiled walls.
Bedroom 1 - Window to rear, south facing aspect, wall mounted electric heater, range of fitted bedroom furniture including wardrobes and drawer unit. Bedroom 2 - Window to front aspect with sea views.
Wall mirror, wall mounted electric heater. Outside - Paulian Court stands in communal gardens. A service road leads to the rear of the block and to the lock-up garages.
This apartment has the benefit of one of the garages. Agents Note - The property is held on the balance of a 999 year lease from 25th March 1969. Ground Rent is £1 pa. Service Charge currently £TBC.
The lease does not permit holiday letting. The property has the benefit of mains electricity, water and drainage. There is no gas at Paulian Court.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About The Esplanade, Sheringham
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