2-bedroom flat · NR30 1JU
For saleReduced £5k (−3.4%) on 20 OctListed 303 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
abbotFox Land & New Homes presents present 'River Gardens' a purpose built development overlooking the river Bure with allocated outside garden spaces.
River Gardens is conveniently located in a historically significant position overlooking the river Bure and medieval town wall tower.
Early reservation enquires available for eight spacious two bedroom apartments with balconies overlooking the river Bure.
Each with two bedrooms, open plan kitchen/living space, ensuites & shower room. This locally based, independent developer sources all internal finishes from quality control renowned suppliers.
The most unique selling feature of the River Gardens development, is an allocated outside garden space reaching down to the river Bure.
Each flat also benefits from one allocated parking space and allocated undercroft storage area.
**Guide price £160,000 - £170,000** Entrance Hall Doors opening to: Shower Room Principal Bedroom Ensuite Shower Room Second Bedroom Open-Plan Kitchen / Living Area Balcony & Allocated Garden Space Agents Note Each property will be issued a private strip of land reaching down to the river Bure.
Further car parking spaces are available subject to availability at an additional amount (separate to purchase price). The building doesn't have a lift.
Each flat will be issued an equal share of the freehold (1/10), the developer is currently in the process of setting up a management company and will confirm service charges / ground rent amount(s) in the coming weeks.
Each property reservation will be subject to the receipt of proof of funding. *internal images used are penthouse apartment at this development*
Value & comps
No previous sales on record.
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Returns
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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 Flat 3, River Gardens, Bridge Road, Great Yarmouth
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