1-bedroom flat · NR30 2BT
Sold STCListed 286 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £67,000 Freehold one bedroom ground floor flat let producing £440 pcm (£5,280 pa) This spacious one bedroom ground floor flat extends to around 48 sq/m and has its own entrance and rear yard area.
It is let to a long established tenant who has been in occupation for around nine years on an assured shorthold tenancy at £440 pcm (£5,280 pa).
The property is in need of improvement and benefits from double glazing, gas fired central heating to radiators and enclosed garden. The property is located close to the town centre.
It has been in the same ownership for nearly 40 years and would suit a buy to let investor.
Ground floor Sitting room / dining room, kitchen, bedroom, bathroom Outside Rear yard Note The freehold includes number 37 which is the flat above.
This is held on a 99 year lease from 8th September 1989 with 63 years unexpired providing a reversionary interest.
Council Tax Band A Tenure: Freehold 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.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
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We're still gathering serviced-accommodation data for this area.
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 Ground floor flat, 36-37 South Market Road, Great Yarmouth, Norfolk NR30 2BT
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