2-bedroom flat · PE36 5BW
For saleListed 171 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This property provides an investment opportunity to purchase a two bedroom first floor apartment with tenant in situ currently paying £725 pcm.
Situated on Avenue Road within this purpose built block which comprises of six, two bedroom apartments over three floors with a tenant in situ currently paying £725 pcm.
Situated on Avenue Road within this purpose built block which comprises of six, two bedroom apartments over three floors with a rear communal parking area.
Accommodation at the apartment comprises of; hallway, living room, kitchen, two bedrooms and bathroom with electric heating and double glazing.
This leasehold apartment enjoys the remainder of a 125 year lease from 2007 with the owner of the apartment owning a share in the management company which owns the freehold.
Currently the maintenance fees are £70 per month and there is no ground rent to pay. The vendor is motivated to sell the apartment and also the one above on the second floor.
Please call to arrange a viewing. Communal Areas UPVC double glazed entrance door with secure entry system leads into communal hall and stairway, the apartment is situated on the first floor.
To the rear is a parking area providing communal non allocated parking. Accommodation Hallway Entrance door from 1st floor lobby, storage area behind door. Secure entry phone and airing cupboard.
First door on left is living room. Living Room (3.97m x 3.06m 13' x 10') Window to the front aspect, TV Point and electric heater.
Kitchen (3.06m x 2.94m 10' x 9'8") Window to the side aspect, wood effect vinyl flooring.
Range of matching wall and base units with wood effect worktop over, stainless steel sink and drainer unit with hot and cold mixer tap over.
Part tiled walls, integrated electric oven with four ring electric hob with extractor hood and light over. Space and plumbing for washing machine. Space for fridge freezer, space for table and chairs.
Bathroom (2.35m x 1.63m 7'9" x 5'4") Window to the side aspect, vinyl flooring with part tiled walls.
Three piece white bathroom suite comprising of; W.C., pedestal hand wash basin with hot and cold taps over, bath with hot and cold mixer tap ans shower attachment .
Bedroom One (3.69m x 3.34m 12' x 11') Doors to rear aspect with Juliet Balcony, electric heater and TV Point. Bedroom Two (3.69m x 2.02m 12'1" x 6'7") Window to the rear aspect and electric heater.
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
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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 Avenue Road, Hunstanton
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