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See how verdicts work21-bedroom house
For saleListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**investment opportunity with 10% yield**.
Welcome to Great Yarmouth, at 149 - 150 King Street, this remarkable building is a true gem that captures the essence of seaside charm and modern convenience.
The property stands as a substantial and elegant structure, making it a prominent feature in this vibrant town.
Just a stone's throw away, residents and visitors alike can enjoy a delightful array of shops and restaurants, with the picturesque park leading directly to the famous seafront, renowned for its arcades, casinos, and lively nightlife.
This impressive building is thoughtfully arranged over three floors, complemented by cellar areas, and features three commercial units on the ground floor.
Above these commercial spaces, you will find eleven well-appointed residential flats spread across the ground, first, and second floors, alongside an attached three-storey townhouse.
All residential units are currently let to third-party tenants, ensuring a steady income stream. Not forgetting the well established Air BnB's which are a very busy side of this investment building.
Having undergone a meticulous conversion and refurbishment approximately ten years ago, the property boasts a high standard of finish and specification, making it an attractive option for both investors and tenants.
This outstanding property presents a rare investment opportunity in a sought-after location, combining the allure of seaside living with the practicality of a well-established rental income.
Whether you are looking to expand your investment portfolio or seeking a prime location for your business, this property is not to be missed. EPC shown is an example of one of the flats.
1 Townhouse Three storey property - Ground Floor, Entrance hall. Cloakroom, Utility room, Bedroom, Ensuite First Floor - Lounge/kitchen Second Floor - Landing, Bedroom, Study, Bathroom.
Flat 2 Ground Floor Hall, Bathroom, Kitchen, two bedrooms, lounge and cupboard. Flat 3 First Floor Entrance Hall, Cupboard, Lounge/Diner/Kitchen, Two bedrooms and Bathroom.
Balcony Flat 4 First Floor Entrance Hall, Cupboard, Bedroom, Lounge/Kitchen and Bathroom. Balcony Flat 5 First Floor Entrance Hall, Cupboard, Two Bedrooms, Lounge, Kitchen and Bathroom.
Balcony Flat 6 First Floor Entrance Hall, Cupboard, Two Bedrooms, Lounge/Kitchen and Bathroom. Balcony Flat 7 First Floor Entrance Hall, Bedroom, Lounge/Kitchen, Bathroom and Cupboard.
Balcony Flat 8 Second Floor Entrance Hall, Cupboard, Lounge/Kitchen/Diner, Bathroom, and Two Bedrooms. Balcony Flat 9 Second Floor Entrance Hall, Cupboard, Bedrooms, Lounge, Kitchen and Bathroom.
Balcony Flat 10 Second Floor Entrance Hall, Cupboard, Two Bedrooms, Lounge, Kitchen and Bathroom. Flat 11 Second Floor Entrance Hall, Cupboard, Two Bedrooms, Kitchen/Lounge and Bathroom.
Balcony Flat 12 Second Floor Entrance Hall, Cupboard, Lounge/Kitchen, Bedroom and Bathroom. Balcony Unit A Dominos Shop This unit comprises waiting/servery/kitchen and chiller area.
Plant room, Locker room, office, Preparation area, Toilet/lobby, stock room, Stock area. Total area approx 117.82 m2 Unit B - Office Retail area and stock room.
Total approx area 51.55 m2 Unit C - Kierans Carpets Retail area, Toilets, Studio, Store, Kitchen, Cellar retail area.
Area approx 169.82 m2 Cellar rooms 95.53 m2 Total 434.72 m2 Outside Private Car Park to the rear.
Agents Note In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a connected person in the sale of this property.
The property is being sold by a connected person known to Think Property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
Agent & docs
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FAQ
About 149 - 150 King Street, Great Yarmouth
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