1-bedroom house · PE38 9HY
For saleReduced £7k (−6.4%) on 11 AugListed 1086 days
Opportunity summary
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About
*no onward chain* A ground floor one bedroom apartment located in this purpose built retirement development.
The accommodation includes the entrance hall which services the lounge/diner with a door directly onto the gardens. There are also part glazed double doors to the fitted kitchen.
This, along with a double bedroom with fitted wardrobes and a shower room. Externally, there are communal gardens along with visitors parking.
The development also has an on site manager and a laundrette and communal lounge area. The minimum age for ownership is 60 years of age, with a second applicant being 55 years of age.
Located with good access to the towns amenities.
Accommodation - Front entrance door to:- Entrance Hall Wall mounted electric night storage heater, door to airing cupboard housing hot water cylinder and shelving, textured and coved ceiling, doors to all rooms.
Lounge/Diner 17’4” x 8’5” (5.29m x 2.59m) UPVC double glazed window and door opening into gardens, wall mounted electric night storage heaters, textured and coved ceiling, TV, telephone point, part glazed double doors to:- Kitchen 8’11” x 5’6” (2.72m x 1.70m) UPVC double glazed window, wall mounted electric heater, wall and base units under round edge worktops, stainless steel sink drainer inset with mixer tap over, 4 ring electric hob inset to worksurface with extractor over, eye level oven, space for under counter fridge, space for washing machine or dishwasher, textured and coved ceiling, lino style flooring, partly tiled walls.
Bedroom 12’10” x 8’8” (3.93m x 2.66m) UPVC double glazed window to front, built-in wardrobe with folding mirrored doors, textured and coved ceiling.
Shower Room Double shower cubicle with sliding glass doors, WC, hand wash basin inset to vanity unit, high level WC, lino style flooring, tiled walls, extractor, textured and coved ceiling.
Agents Notes: Leasehold Term: 125 years from November 2004 (tbc). Ground Rent: Tbc. Service /Maintenance Charge: £1300 (paid 6 monthly). Charges are subject to periodic increase.
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
Agent & docs
FAQ
About 7, Wade Wright Court, Downham Market
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