1-bedroom flat · NR19 2UU
For saleReduced £10k (−12.5%) on 21 JunListed 474 days
Opportunity summary
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About
Summary >> calling investors! A One double bedroom first floor flat, offered for sale with no onward chain, and located within the popular Maltings development in Dereham.
The property boasts a secure intercom entry system, lounge, fitted kitchen, bathroom and an allocated underground parking space.
Description We are excited to present to the market this 1 double bedroom first floor flat, located within this converted Grade II Listed former Maltings building, offering easy access of Dereham town centre amenities and facilities.
In brief, the internal accommodation comprises; entrance hall, generous lounge, fitted kitchen, double bedroom with built-in wardrobe space and the bathroom.
Coupled with the accommodation, the property further benefits from electric heating system, double glazed windows and secure intercom entry system.
Outside, there is an allocated underground parking space which provides off road parking. Offered for sale with no onward chain, this property is ideal for buy-to-let investors!
The Accommodation Accessed by intercom entry system with double glazed entrance door leading to; Communal Entrance Hall Double glazed door opening to; Entrance Hall Fitted carpet flooring and access to all rooms.
Kitchen 8' 5" x 7' 9" ( 2.57m x 2.36m ) A range of wall and floor mounted base units with complementary rolled edge work surfaces over, inset stainless steel sink with mixer tap, tiled splashbacks, built-in electric oven, inset electric hob with concealed extractor over, space for fridge freezer, space for washing machine, vinyl flooring and window to front aspect.
Lounge 16' 5" x 9' 1" ( 5.00m x 2.77m ) Fitted carpet flooring, radiator and double glazed window to rear aspect.
Bedroom 12' 8" x 8' 5" ( 3.86m x 2.57m ) Fitted carpet flooring, built-in wardrobes, radiator and double glazed window to rear aspect.
Bathroom Three piece suite comprising low level w.c, pedestal hand wash basin, panelled bath with shower over, part tiled walls, fitted carpet flooring and radiator.
Outside This property benefits from an allocated underground parking space.
Agents Note We understand from the vendor that this property is leasehold; The lease length is 999 years from 1 January 1992.
The current ground rent is approximately £1,080 per annum and the service charge is £1,080 per annum. Further details of this can be obtained from the vendors solicitor at the time of purchase.
Location Dereham is situated about 16 miles from the City of Norwich. It has a modern shopping centre and 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 our William H Brown Dereham office, proceed into the town centre and bear right at the War Memorial.
Follow the road over the controlled crossing into Wellington Road and continue into Neatherd Road. Proceed over the traffic lights and turn immediately right into The Maltings development.
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
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Archie refurb estimate: a Pro feature
0.0% below asking
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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 advisors 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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FAQ
About Flat 151, The Maltings, Dereham
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