1-bedroom flat · NR8 6XP
Listing removedListed 401 days
Opportunity summary
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About
SOLD AT AUCTION FOR £102,500 Purpose built first floor one bedroom flat with off road parking This purpose built top floor one bedroom flat extends to around 43 sq/m.
The property has electric heating, off road parking and requires improvement to realise its full potential. It was previously let at £600 pcm (£7,200 pa) and is now to be sold with vacant possession.
The flat is located around seven miles north west of the city centre with easy access to the the NDR and a range of services and amenities. First time to market in 20 years.
Ground floor Communal entrance with stairs leading up to first floor First floor Entrance hall, sitting room, bathroom, kitchen, bedroom Outside Off road parking Leasehold Information Term: 999 years from 1st January 1980 (953 years remaining) Annual ground rent amount: Peppercorn Ground rent review period: N/A Annual service charge amount: Please refer to Legal Pack Service charge review period: Please refer to Legal Pack Council Tax Band A Viewing Viewings are by appointment only and available on: Wednesday 15 October Please call the Norwich office to book an appointment.
Tenure: Leasehold Lease Details: 999 years from 1st January 1980 EPC Rating: D Administration Fee: £1200 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 70 Pyehurn Mews, Taverham, Norwich, Norfolk NR8 6XP
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