1-bedroom bungalow · NR28 9LD
Listing removedListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern end terrace bungalow, pleasantly located within a private development for the over 60's.
The accommodation is arranged to provide one double bedroom (with built in wardrobe), a double aspect lounge, re-fitted kitchen, bathroom, entrance hall and a conservatory Other features include wood grain effect uPvc sealed unit double glazed windows, electric heating, kitchen appliances and easy access storage cupboards.
Each resident has a personal alarm system, which has a 24hr emergency link to a central desk.
The residents have the use of the well maintained landscaped gardens, there is a well equipped residents' lounge and laundry facilities are also provided on site.
Location North Walsham is a thriving North Norfolk market town offering a range of shopping facilities including a large Sainsbury's store, Waitrose, Lidl, all levels of schools including sixth form college, doctors' surgeries, restaurants and leisure facilities including the Victory swimming and fitness centre.
The town also has a railway station providing regular services on the Norwich to Sheringham line.
The sandy beaches of the North East Norfolk coast are about six miles from the town, the Norfolk Broads are about twelve miles to the south and the city of Norwich is approximately 17 miles distant.
Accommodation Storm porch with uPvc sealed unit double glazed wood grain effect front entrance door leading to: Entrance Hall With Built-in airing cupboard, electric radiator, hatch to loft space, panel effect doors to lounge, bedroom and bathroom.
Lounge 13' 2" x 11' 8" (4.01m x 3.56m) A double aspect room with uPvc double glazed window to side and matching patio doors to the conservatory, wall mounted electric radiator, door to kitchen.
Kitchen 7' 1" x 8' 1" (2.16m x 2.46m) Comprehensively fitted with a modern range of shaker style base and wall mounted units comprising cupboards and drawers, roll edge work surface with inset one and a half bowl stainless steel sink and mixer tap, electric cooker with hood above, fridge/freezer, uPvc double glazed window to front, tiled splash backs.
Conservatory 8' 9" x 7' 9" (2.67m x 2.36m) Having uPvc double glazed windows on a brick base under a polycarbonate roof with French doors to the garden area.
Bedroom 13' 2" x 8' 3" (4.01m x 2.51m) Built-in double wardrobe cupboard with hanging space and shelving, wall mounted electric radiator, uPvc double glazed window.
Bathroom 6' 9" x 5' 3" (2.06m x 1.6m) Having tiled walls, fitted with a three piece suite comprising of a seated easy access bath with shower over, vanity unit with inset wash hand basin and cupboard under, close coupled WC, opaque uPvc double glazed window, light and shaver point, extractor fan, wall mounted 'Dimplex' electric heater, towel radiator.
Outside The property has use of the surrounding communal gardens. There is an outside storage cupboard accessed from the storm porch.
Features of Waterfield Meadows Residents' Lounge: A spacious lounge is provided for the residents' use as and when they like.
The lounge is heated, carpeted and furnished with kitchenette and WC facilities. Laundry: The residents' lounge and laundry are accessed via an electronic fob, which is provided to all residents.
Personal Alarm System: Each resident has a personal alarm system, which is linked to a 24hr emergency link to a central desk.
Day to Day Maintenance: The day to day running of Waterfield Meadows is handled by a managing agent.
The Waterfield Meadows residents collectively own the freehold of the site with each property owning a one 35th share of the freehold company, which is known as Nextfan Ltd.
Qualification: Purchasers at Waterfield Meadows must be of at least 60 years of age. If a couple are buying together, then one must be over 60, and the other over 55.
Nextfan reserve the right to interview prospective purchasers. The Service Charge: To cover the cost of the management service, residents pay a Service Charge which is assessed annually.
This includes: - Buildings Insurance (but not contents) - Gardening and Maintenance of Landscaped areas - Provision for Re-decoration (external and communal areas) - Window Cleaning - Service Contracts (maintenance of personal alarms, laundry equipment) - Sinking Fund for long term repairs and replacements (examples of which include the replacement windows and the recently installed cavity wall insulation) - Payment of general water rates on the former manager's flat, residents lounge and laundry.
After the end of each accounting year the amount of total expenditure for the last year is certified.
In this way residents will know what has been spent and any adjustments are made in the following accounting year.
Each resident contributes a proportion of the Service Charge monthly and we understand the cost for this property is approximately £117.92 per calendar month for the period 01/04/24 to 31/03/25.
Leasehold Information Term - 99 years from 1st August 1988. Referrals Acorn Properties are pleased to recommend a variety of local businesses to our customers.
In most instances, these recommendations are made with no financial benefit to Acorn Properties.
However, if we refer our clients to our trusted local Solicitors, Surveyors or Financial Services, Acorn Properties may receive a 'referral fee' from these local businesses.
If a referral to our trusted local solicitors is successful, Acorn Properties receive a referral fee of £100 - £180 following the successful completion of the relevant sale or purchase.
There is no obligation for any of our clients to use our recommended solicitors, but we find the existing relationships we have with these firms can be beneficial to all parties.
For each successful Financial Services referral Acorn Properties will receive an introducer's fee which is between 25 - 30% of the net initial commission/broker fee received by the advisor.
There is no obligation for our clients to use our recommended mortgage services. For each successful Surveyors referral Acorn Properties will receive a fee of between £30 and £100.
There is no obligation for our clients to use our recommended Surveyors.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Area
Agent & docs
FAQ
About Waterfield Meadows, North Walsham
Explore nearby