1-bedroom flat · NR28 0FL
Listing removedListed 387 days
Opportunity summary
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About
An immaculate first floor apartment set in a wonderful position at the edge of the Hopkins Homes development, the property enjoys views across an open area and is immaculately presented throughout.
The accommodation incorporates a generous 22' 1" open-plan living space with a well fitted kitchen, one double bedroom with a built-in wardrobe, an entrance lobby and a bathroom with white suite.
Other benefits include gas fired central heating to radiators, uPvc sealed unit double glazed windows, an allocated parking space and use of communal gardens and bike store.
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 & 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 Communal ground floor entrance door leading into communal hallway, with staircase to first floor and private entrance door opening to: Entrance Hall Panelled doors to all rooms, built-in storage cupboard, radiator, coved ceiling with access to loft space.
Open-Plan Living Room/Kitchen 22' 1" x 11' 3" (6.73m x 3.43m) Open plan living space with double glazed windows to front and side, two radiators, communal TV and satellite points, coved ceiling.
Fitted Kitchen area with matching base units and wall cupboards, roll top work surfaces with tiled splash backs, inset single drainer 1.5 bowl stainless steel sink unit with mixer tap, built-in oven and hob, space and plumbing for automatic washing machine, space for fridge/freezer, and tiled floor.
Bedroom 14' 7" x 11' (4.44m x 3.35m) Double glazed window to rear, radiator, built-in wardrobe, communal TV aerial point, telephone point, coved ceiling.
Bathroom 7' 2" x 6' 4" (2.18m x 1.93m) Pedestal wash hand basin, close coupled WC, panelled bath with shower over, fully tiled surround and fitted screen.
Radiator, extractor fan, double glazed window to rear, shaver point, coved ceiling.
Outside There are communal gardens for the apartment building which are laid to lawn, a timber bike store and a dustbin store area. There is one allocated parking space at the front of the building.
Leasehold Information 125 year lease from January 2016. Approximately 115 years remaining.
Current Annual Service charge - £865 Current Annual Ground rent - £115 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
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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
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FAQ
About Smedley Close, North Walsham
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