3-bedroom flat · NR30 2EP
Sold STCListed 145 daysAuction 30 Jun · ended
Opportunity summary
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About
Guide Price= £160,000-£180,000 plus fees **For Sale By Unconditional Online Auction - Auction Ends 30/06/2026 10:00** Description 3 Edinburgh place is a substantial three storey end of terraced property that is currently split into three individual one bedroom flats, are all let on assured short hold tenancies however flat 3 has given notice with the tenancy end date of 24th July.
With all three flats let the whole produces an annual income of circa £20,700.
(Current monthly incomes are, Flat 1 £600 P/M, Flat 2 £550 P/M, Flat 3 £575 P/M) The apartments consist of communal entrance area, good sized kitchen/dinning rooms, bath/shower rooms and one bedroom per flat, the flats are serviced with electric storage heaters.
Being just off the popular seafront of Great Yarmouth, this opportunity will be of interest to anyone looking for a strong yielding investment.
Solicitor: Howes Percival (Attn Sarah Hancox), Flint Buildings, 1 Bedding Lane, Norwich, NR3 1RG. Tel. Location Great Yarmouth is a popular coastal town in east Norfolk.
Boasting a range of excellent amenities at your door step along with travel links onto Norwich and the surrounding towns via train & bus.
Directions what3words: ///bands.others.alone Notes Buyer Fees : Please note that the successful bidder will be required to pay an Administration Charge of £1,500 inclusive of VAT.
This fee is due and payable from the winning bidder immediately after the timed auction ends.
The successful bidder will additionally pay over to the auctioneer a deposit of 10% of the purchase price, subject to a minimum of £5,000, after the timed auction ends.
All payments to be made by debit card payment or electronic bank transfer to the Brown&Co Client Account, the details of which will be provided by the auctioneer to the successful bidder shortly after the auction ends.
Other fees may be payable on completion and will be detailed within the Special Conditions of Sale to be found within the published Auction Pack.
Ability to Buy : This property is being sold under Unconditional Auction Rules creating a legally binding contract at the conclusion of the timed auction.
DO NOT bid unless you can complete the sale within 28 days, or on the terms specified within the Special Conditions of Sale.
If you REQUIRE A MORTGAGE for this purchase, we strongly recommend that you receive your mortgage offer before you bid.
An Agreement in Principle (AIP) is not enough due to the fact that if you are the successful bidder and wait to secure funding after the auction and if your lender will not lend on the property (for whatever reason) and you fail to complete, you will lose your deposit and any associated costs.
Help and Assistance : If you have any questions or require any clarification as to the online auction process please contact the auctioneer prior to commencement of the bidding window as we will be unable to enter into any discussions once the auction has started.
Bidding Process : Prior to bidding the bidder will complete a Passport-to-Bid process, which requires registration, verification and agreement to Buyers Terms.
How To Follow the Auction : Use 'Watch' button to follow the auction. If you register to Watch an auction you will receive email notifications of any bidding activity on the specific lot.
How It Works : Unconditional Timed Auction Online: This is a binding method of sale similar to a traditional public property auction. The only difference is the bidding takes place online.
The successful purchaser will be required to pay a 10% deposit (subject to a minimum payment of £5,000) on the fall of the virtual gavel and contracts will be exchanged.
Bidding for properties online works in a similar fashion to eBay. You can place bids using your PC, tablet or mobile phone and the minimum amount you can bid is defined by the 'bid increment' level.
When you place a bid, the property listing page will show you if your bid was successful and whether or not you are the highest bidder.
When you are the highest bidder on a property, if another bidder outbids you the system will notify you by email so that you can place another bid if you wish.
The major difference from eBay is that our system eradicates sudden death 'bid sniping' through the use of auction 'extension times'.
If you have any questions or require any clarification please contact the auctioneer.
Agents Notes : (1) All measurements are approximate and quoted for general guidance only and whilst every attempt has been made to ensure accuracy, they must not be relied upon.
(2) Any fixtures, fittings and appliances referred within these published details have not been tested and therefore no guarantee can be given that they are in working order.
(3) Internal photographs are reproduced for general information and it is not inferred that any item shown within any picture is included with the property.
(4) Photographs shown within these details may have been taken with a camera using a wide-angle lens.
(5) These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
(6) In accordance with UK Anti Money Laundering Regulations Intending buyers will be asked to produce original Identity Documentation, Proof of Address and be subjected to an electronic ID verification check before a purchase conveyance is instructed.
(7) Brown&Co comply with the General Data Protection Regulation (EU) 2016/679 (GDPR") please visit our website for our Privacy Statement, Subject Access Requests can be submitted to .
(8) Brown&Co are regulated under the RICS code of conduct.
(9) Brown&Co are a member of The Property Redress Scheme, Membership Number: PRS012758 (10) Brown&Co is a member of RICS Client Money Protection Scheme, RICS Firm Reference: 016189 (11) Brown&Co-Property And Business Consultants LLP trading as Brown&Co Registered Company Number OC302092.
(11) Registered Office Address The Atrium, St George's Street, Norwich, Norfolk, NR3 1AB
Value & comps
No previous sales on record.
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Returns
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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
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FAQ
About 3 Edinburgh Place, Great Yarmouth, Norfolk, NR30 2EP
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