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See how verdicts work2-bedroom property · NR27 0DJ
No longer listedListed 544 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A semi detached chalet being sold fully furnished on popular site in the town of Cromer. Just a short walk to the beach and town centre. The chalet is leasehold and is well presented.
This would make an ideal holiday let or holiday retreat. Having a westerly aspect and views looking over the roof tops towards the town.
Lounge - Entrance door opening into the lounge area with UPVC double glazed windows to the front with roof top views over the town. Laminate wood flooring.
Ceiling light, wall mounted TV point, Pine latch doors to bathroom and bedrooms.
Open plan to Kitchen - UPVC double glazed window to the rear, laminate wood flooring, range of base and drawer light wood units with black work surface over.
Inset stainless steel sink unit with mixer tap, inset electric hob and built in cooker. Matching range of wall mounted units. Provision for fridge/freezer. Ceiling light.
Shower Room - UPVC double glazed window to rear. Vinyl effect wood flooring, vanity unit with wash hand basin, storage cupboard beneath, WC.
Walk in shower cubicle with electric shower over and glazed sliding shower screen. Ceiling light.
Bedroom One - UPVC double glazed window to the front, laminate wood flooring, ceiling light Bedroom Two - UPVC double glazed window to the rear, laminate wood flooring, ceiling light.
Storage shelving with electricity meter. Outside - There is a large communal grass area to the front, with views over the roof tops which is southwesterly facing.
The main carpark is to the left with adequate parking. Agents Note - This is a Leasehold property with 57 years remaining. mains electricity, water and mains sewage all connected. Council tax band A.
The Ground rent is £1879.84 inclusive of VAT and Service Charge for electricity is £146.30.
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
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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 Overstrand Road, Cromer
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