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See how verdicts work2-bedroom flat · IP22 4RA
No longer listedReduced £5k (−4%) on 5 SepListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a small, attractive close to the east of Diss, this apartment is within easy walking distance of both the town centre and the railway station.
It is also just a stone's throw from from the rural countryside, offering plenty of beautiful countryside walks.
The historic and thriving market town of Diss is located on the south Norfolk border, nestled within the picturesque Waveney Valley.
The town provides a diverse range of day-to-day amenities and benefits from a mainline railway station, which offers regular, direct services to London Liverpool Street and Norwich.
This property is a two-bedroom, first-floor flat situated in a building alongside three similar units.
The building is of traditional brick and block cavity wall construction, a pitched interlocking tiled roof, and sealed-unit UPVC double-glazed windows and doors.
The flat and the surrounding close were originally built in the early 1990s by Danny Ward, a highly respected local builder.
As this is a leasehold property, it is subject to a ground rent and service charge. The agent has been advised that the property currently has a peppercorn ground rent.
Recent annual costs include a service charge for garden maintenance, and buildings insurance of approx. £700 pa .
Furthermore, the current owners recently extended the lease, leaving 189 years remaining on the term that originally began in 1991.
Entrance hall (Access from first floor level) with panelled internal doors to the two bedrooms, bathroom and reception room. Built-in airing cupboard to side housing the hot water cylinder.
Access to extensive loft having, with the agreement of the freeholder, potential for development into a third bedroom.
Reception room - 5.26m x 5.16m (17'3" x 16'11") A double aspect room flooded by plenty of natural light enjoying elevated views down the close. Vaulted ceilings with exposed cross beams.
Arch to side giving access through to the kitchen.
Kitchen - 1.50m x 2.57m (4'11" x 8'5") With Velux window to side and offering a range of floor units with roll top work surfaces over and integrated appliances with four ring electric hob with extractor above and oven below, space/plumbing to side for automatic washing machine or dishwasher.
Inset one and a half bowl sink with drainer and mixer tap. Tiled splashbacks.
Bedroom - 3.02m x 3.84m (9'11" x 12'7") A double aspect master bedroom being of a generous size and flooded by plenty of natural light.
Bedroom - 2.21m x 2.90m (7'3" x 9'6") With window to the rear aspect and being able to cater for a double bed if required.
Bathroom - 1.40m x 2.44m (4'7" x 8'0") With panelled bath to side and Triton electric shower over, low level wc and hand wash basin in white.
Agents note Material Information regarding the property can be found in our Key Facts for Buyers interactive brochure located in the Virtual Tour no. 2 thumbnail.
Services Drainage - mains Heating - electric EPC Rating C Council Tax Band A Tenure - leasehold Anti-Money Laundering Fee Statement To comply with hmrc's regulations on Anti-Money Laundering (aml), Whittley Parish are legally required to conduct aml checks on every purchaser(s) once a sale is agreed.
We use a government-approved electronic identity verification service from Landmark to ensure compliance, accuracy, and security.
This is approved by the Government as part of the Digital Identity and Attributes Trust Framework (diatf).
The cost of anti-money laundering (aml) checks is £50 + VAT (£60 inc VAT) per purchase, payable in advance after an offer has been accepted.
This fee to Whittley Parish is mandatory to comply with hmrc regulations and must be paid before a memorandum of sale can be issued. Please note that the fee is non-refundable.
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
Agent & docs
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FAQ
About 8, Riverside Maltings, Diss
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