2-bedroom terraced house · NR30 3BD
Sold STCListed 135 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent investment opportunity to acquire a 2-bedroom terraced house in a central Great Yarmouth location, offered for sale with a tenant in situ currently paying £680 PCM.
Generating an annual rental income of £8,160 and offering an attractive gross yield of approximately 10.9% at the asking price, this property provides immediate income from day one.
Conveniently situated close to local amenities, schools, transport links and the town centre, the property is well positioned for continued rental demand.
Porch Double glazed door into the porch with double glazed window and door into the reception.
Lounge 18'6 (5.64m) x 10'8 (3.25m) Double glazed window, radiator, wood style floor, built in cupboard, further radiator, opening to kitchen and staircase to first floor.
Kitchen 12'6 (3.81m) x 7'4 (2.24m) Range of wall and base units, space for fridge freezer, gas cooker point, range of wall and base units with tiled splash backs, stainless steel sink and drainer, plumbed for washing machine, double glazed window and double glazed door to the side.
First Floor Landing Radiator, access to loft, doors off to Bedroom One 10' (3.05m) x 10' (3.05m) Fitted carpet, double glazed window, radiator, two built in cupboards.
Bedroom Two 8' (2.44m) x 5'5 (1.65m) Fitted carpet, radiator, wooden double glazed window.
Bathroom 12'7 (3.84m) x 7'4 (2.24m) Vinyl tiled floor, two wooden double glazed frosted windows, hand wash basin with tiled splash back, radiator, low level WC, wall mounted boiler, shower tray with wall mounted shower, panelled bath with tiled splashback, extractor fan.
Outside Front courtyard - Enclosed courtyard with patio and a gate. Rear courtyard - Paved and a back gate for access.
Agents Note Please note that internal photographs have not been taken as of yet. The front shot has been digitally enhanced to remove the chattels that were in the image.
Disclaimer Howards Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.
If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.
Howards Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.
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
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FAQ
About Old Wellington Place, Great Yarmouth
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