2-bedroom house · NR35 1EJ
For saleReduced £10k (−6.7%) on 4 SepListed 148 days
Opportunity summary
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About
In summary No chain! Welcome to this spacious and versatile two bedroom duplex apartment, offered with no onward chain and set across an impressive 1100 sqft (stms) of accommodation.
Enjoy the privacy and convenience of your own ground floor entrance, leading into a welcoming hallway that flows seamlessly into the two double bedrooms, with built in wardrobes to the main bedroom.
The ground floor also offers a large main bathroom featuring a bath with shower over, w/c and hand wash basin.
The first floor of this duplex provides the main open plan reception space, perfect for relaxing or entertaining (ample room for living and dining areas).
This room has a real wow factor due to the size and light on offer and the open plan nature. The separate kitchen is well-appointed with generous worktop space, ideal for culinary enthusiasts.
Also off the main reception there is a useful storage room or possible study.
Additional benefits include allocated parking for your convenience as well as wonderful shared communal gardens running down to the river making this an ideal choice for first time buyers, professionals, or investors seeking spacious, low-maintenance living in a sought-after location close to the town centre.
Setting the scene From the communal car park which has one allocated parking space, a footpath leads to the front of the building where on the ground floor there is private front door access to the apartment.
The grand tour Entering the apartment using its own private door, there is a useful porch entrance that leads into the spacious hallway with stairs ahead to the first floor and understairs storage also.
Off the hallway there are two well proportioned double bedrooms with one benefitting from fitted storage. The bathroom is located to the rear offering a bath with shower over, w/c and hand wash basin.
The duplex nature of the apartment means there is very spacious first floor which houses the 31’ (stms) open plan reception space.
This room is filled with natural light and offers plenty of space for soft furnishings. There is also a useful built in storage cupboard/study area round the corner.
The separate kitchen can be found to the rear which offers a range of wall and base level units with plenty of worksurface over. There is space for all white goods freestanding.
Find us Postcode : NR35 1EJ What3Words : ///luxury.wider.offerings Virtual tour View our virtual tour for a full 360 degree of the interior of the property.
Agents notes This is a leasehold property with a 999 year lease dating from 1987 on conversion, with approximately 960 years remaining.
An annual ground rent and service charge combined is charged in the region of £1600 pa.
Location The property is situated at the heart of the quaint market town of Bungay and an easy walk from the shops and amenities where you find an extensive range of amenities including doctors, schooling, dentist, opticians, shops and restaurants.
The City of Norwich to the North is about a 30 min drive away with a mainline train link to London Liverpool Street.
The market town of Diss is about 19 miles away and provides further amenities and also benefits from a mainline link to London.
Garden The great outdoors Outside the property there are both courtyard style shared gardens as well as the secret lawned garden leading down to the river.
To the side there is bin storage, as well as the shared car park providing 1 allocated parking space alongside visitor parking also.
Disclaimer Anti-Money Laundering (aml) Fee Statement: To comply with hmrc's regulations on Anti-Money Laundering (aml), we are legally required to conduct aml checks on every purchaser once a sale is agreed.
We use a government-approved electronic identity verification service 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 are £50 including VAT per person, payable in advance after an offer has been accepted.
This fee 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.
General Disclaimer: Whilst every care has been taken to prepare these sales particulars, they are for guidance purposes only. All measurements are approximate are for general guidance purposes only.
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.
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FAQ
About 16 The Maltings Staithe Road, Bungay
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