1-bedroom house · NR1 3ED
Listing removedListed 71 daysAuction 1 Feb · ended
Opportunity summary
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About
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 9th SEPTEMBER 2026 AT 10:00AM TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE A spacious one bedroom flat for the over 60's in a sought after central city position This purpose built third floor flat has been well kept and is now vacant and ready for immediate occupation.
The property is situated at the end of a corridor in a sought after, purpose built, development of retirement flats a short distance from the city centre shops and amenities including John Lewis and M&S.
The complex includes on site warden, residents lounges, library and communal areas in addition to a residents parking area.
Lift to Third Floor landing Private entrance hall, lounge/dining room, kitchen, double bedroom, bathroom. Community Facilities Residents lounge and meeting areas, communal gardens, residents parking.
Lease Details Term: 125 years from 2005 (104 years remaining) Ground Rent: £178 every 6 months Service Charge: £1182 every 6 months Council Tax Band B Tenure: Leasehold Lease Details: 125 years from 1 February 2005 EPC Rating: C Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £600 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
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 56 Warminger Court, Ber Street, Norwich, Norfolk NR1 3ED
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