1-bedroom flat · NR26 8DW
Listing removedListed 101 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Purpose built retirement apartment located on the top floor and benefitting from a south facing aspect. The property has recently been re-decorated throughout and new floor coverings have been laid.
Heating is provided by electric off-peak heating and the windows are sealed units in uPVC frames. The Town Centre is just a short stroll and both bus and rail services are close by too.
The property forms part of a retirement complex where there are communal facilities for those who enjoy each other's company.
All residents of the flat must be over the age of 60 except in the case of a couple where one must be at least 60, the other at least 55.
Communal Entrance - Secure entry system through to the communal entrance area with access to the Residents' lounge and lift to all floors.
Entrance Hall - Wall mounted electric heater, large built in cupboard housing water cylinder.
Wet Room - Pedestal wash basin, close coupled w.c., electric shower unit, fully tiled walls, extractor fan.
Lounge / Dining Room - Timber and marble effect fire surround with point for electric stove, provision for TV, electric wall mounted heater, window to south facing aspect.
Archway to: Kitchen - Fitted with a range of base and wall cabinets with laminated work surfaces and tiled splashbacks, inset sink unit, inset electric hob with built in oven beneath.
Space for fridge/freezer. Bedroom - Window to south facing aspect, wall mounted electric heater, built in wardrobe with folding mirrored doors.
Outside - Shannock Court stands in neatly maintained communal gardens. At the rear is a communal car park for residents and visitors.
Tenants Notes - The deposit for this property is £894 EPC Rating C. Council Tax Band B - North Norfolk Council Mains water, electric and drainage available or connected.
For an indication of specific speeds and supply or coverage in the area for broadband and mobile signal/coverage, we recommend referring to the Ofcom checker.
Please be aware that marketing photographs for this property may have been taken using a wide angle lens.
If you have any specific questions about presentation of the property, configuration of accommodation or the layout of rooms, please call us before undertaking a viewing.
Tenants should be aware that they are responsible for arranging contents insurance.
We will be happy to introduce you to our insurance partner, if required and from which we may derive some commission.
The rent is exclusive of outgoings, therefore tenants will be required to pay all utility bills generated throughout the tenancy period.
Tenants proposing to occupy the property must view the interior prior to submission of an application and satisfy themselves that the property, presentation, fixtures and fittings are as they understand.
Arnolds Keys accept no responsibility for any error or emission in these marketing details. The equivalent of one weeks rent will be taken as a holding deposit.
Based on the current advertised rent for this property, this will be £178.84. This will reserve the property for you whilst reference and other pre tenancy checks are carried out.
Please note that this deposit will be withheld if the prospective tenant or any relevant person (including guarantor(s)) withdraw from the proposed tenancy, fail a right to rent check, provide false or misleading information which it was reasonable to rely on when considering the application, or fail to sign the tenancy agreement (and/or Deed of Guarantee) within 15 calendar days (or any other deadline for Agreement as mutually agreed in writing).
If successful, the holding deposit will be used towards the first months rent.
All residents of the flat must be over the age of 60 except in the case of a couple where one must be at least 60, the other at least 55.
There is also a communal laundry room with free access to washing machines and tumble driers.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
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