2-bedroom flat · NR11 6GA
For saleListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*NO ONWARDS CHAIN* A beautifully presented two bedroom first floor apartment featuring a balcony with open views.
The property offers assisted living with varying care packages dependant on the occupants needs and is available to purchase at a 75% share.
Description - Situated within the popular Green Lane View development, this well presented two bedroom first floor apartment offers sheltered accommodation for the over 55's with varying levels of care packages offered depending on the occupants needs.
The complex is purpose built with lift access and has a number of in-house amenities including residents lounge, library, hair salon, warden call, laundry room and activities rooms.
This particular apartment comprises a spacious entrance hall leading to the open plan lounge/diner/kitchen, with juliet balcony enjoying garden views, two double bedrooms and a 'Jack and Jill' style wet room.
Externally, there is a communal parking area. Entrance Hall - Two built-in cupboards; one fitted with a rail and one fitted with shelves. Carpet.
Kitchen Diner/Living Room - Living Area - Double glazed window and door with Juliet balcony enjoying field views. Carpet and radiator.
Kitchen - comprising wall and base units with stainless steel sink and drainer and adjustable height surfaces.
Space and plumbing for washing machine, space for free standing fridge/freezer, fitted electric oven with four ring electric hob and cooker hood over, extractor fan.
Bedroom One - Window to rear, carpet, radiator and built-in cupboard with shelves. Bedroom Two - Window to rear, carpet and radiator. Door to 'Jack and Jill' wet room.
Wet Room - Electric Triton shower, WC, wash hand basin, vinyl flooring, assistance bars, extractor fan, radiator.
External - Maintained and shared communal gardens to the rear with a communal parking area. Agents Note - Service charge: £451.36 including sinking fund Support charge: £25.07 per month.
Utility charge - £62.95 24/7 support charge: £26.04 per week. Mains drainage, water, gas and electric connected.
Location - Aylsham is a sought after historic market town with a range of local amenities including supermarkets, doctors and dental surgeries, an opticians, local independent shops and plenty of places to eat.
The town also offers highly rated pre, first and high schools, is approximately 10 miles north of the City of Norwich and close to the stunning Norfolk Broads, with plenty of walking routes and cycle paths.
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
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FAQ
About St. Michaels Avenue, Aylsham
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