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See how verdicts work1-bedroom flat · NR21 9EG
Listing removedListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Sold With No Upward Chain - this self-contained apartment could be an ideal investment or First Home.
With an open plan sitting room and dining area, a separate kitchen, bathroom and a double bedroom - this property lends itself to those looking for an investment or are looking to climb on the property ladder.
Details: Located within a Grade II Listed building, this first floor apartment is being offered for sale with no onward chain, offering a superb opportunity as a first home, or, an investment, that one could add to their portfolio.
The apartment benefits from its own access at the front of the property - stairs lead up to the open plan living/dining room, which is bright and airy due to two sash windows at the front, from here one can access the bathroom and a landing takes you to the separate kitchen and double bedroom.
Tenure: Leasehold - terms of lease to be agreed. Please Note: The property is currently let under a periodic tenancy.
Location: Fakenham is a traditional Norfolk Market Town, situated on the River Wensum and located 25 miles North West from the City of Norwich & 10 miles from the sought after North Norfolk coast.
Fakenham offers a diverse range of amenities such as supermarkets, dentists, bars, restaurants, coffee shops, diy stores and an array of schools for children of all ages, as well as hosting a weekly market every Thursday, which truly brings the community together.
Fakenham is also home to Norfolk's only racecourse. Services: All mains services are connected to the property. District council: North Norfolk .
Council Tax Band: A viewing: By appointment through the Sole Agents, Spalding & Co., Office Opening Hours: Monday - Friday: 9:00 a.m. - 5:00 p.m. And Saturday: 9:30 a.m. - 12:30 p.m. Email -
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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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
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FAQ
About Flat 3, 5, Wells Road, Fakenham
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