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See how verdicts work2-bedroom flat · NR19 1TS
Listing removedListed 18 daysAuction 24 Jun · ended
Opportunity summary
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About
For sale by auction on Wednesday, 21 Oct 2026 at 10:00 Venue: Livestream Auction Two bedroom first floor flat currently vacant with potential yield of £775 pcm situated in the centre of Dereham.
This two bedroom second floor flat is situated in the centre of Dereham and would make an ideal turn key investment. Currently vacant, the flat has the potential to yield £9,300 pa.
This spacious flat is light and airy and well maintained. Offered for sale with 57 years remaining on the lease which can be extended, however suitable for cash buyers only because of this.
Some improvements to update the flat and extend the lease would increase the value.
Accommodation comprises spacious communal entrance hall with phone entry system, entrance hall, generous sitting room which leads to the kitchen, two bedrooms and bathroom.
It also has an allocated parking space.
Nb: The owner is also selling another tenanted two bedroom flat on the upper floor in the same block in this auction and is managed by a local agent producing £775 pcm.
Lease details 99 years from 24 June 1984 Communal entrance Spacious entrance with stairs to all floors, mail boxes and telecom entry Accommodation Entrance hall, large sitting room that extends L shaped into the kitchen, two bedrooms, kitchen and bathroom.
External Allocated parking space within car park to the side of the building. Council Tax Band A EPC Rating: C Additional Fees Administration Charge - £1200 inc VAT payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Price Information * Guides are provided as an indication of each seller's minimum expectation.
They are not necessarily figures which a property will sell for and may change at any time prior to the auction.
Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees Information Please be aware there may be additional fees payable on top of the final sale price.
This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion.
Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 advisers 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 12A Aldiss Court, High Street, Dereham
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