1-bedroom flat · NR27 0AZ
Listing removedListed 67 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Communal entrance Stairs leading to all floor, door to Roof Terrace, door to Flat. Entrance hall Carpeted flooring, doors to Bathroom, Bedroom and Lounge/Kitchenette.
Lounge/kitchenette uPVC double glazed windows to the rear and side aspects, range of base and wall mounted unit set beneath roll edge work surfaces, inset stainless steel sink and drainer unit with mixer tap over, electric cooker (left at goodwill) with stainless steel chimney style cooker hood over, wall mounted gas fired radiator, cupboard housing wall mounted gas fired boiler, tiled splash backs, tiled effect vinyl type flooring, carpeted flooring.
Bedroom Double bedroom with uPVC double glazed window to the side aspect, wall mounted gas fired radiator, carpeted flooring, large walk in wardrobe with hanging rail and shelf.
Bathroom Wooden panel sided bath with thermostatic shower over, pedestal wash hand basin, WC, wall mounted gas fired radiator, tiled splash backs, tiled effect vinyl flooring, storage cupboard with shelving.
Communal roof terrace Tenants have the use of a small roof terrace ideal for sitting out or drying washing. The roof terrace is situated at the rear of the building and offers sea views.
Outside To the front of the property is a communal brick weave parking area with off road parking for one car. To the rear of the property is a communal garden.
Fees & deposits There are no fees payable for this property. All applicants will be required to pay a holding deposit of £167.30 to secure the property whilst full referencing takes place.
This can be used towards the first months rent. The remainder of the first month's rent (£557.70) along with the deposit of £836.53 would then be due on the first day of the tenancy.
Please note, to comply with money laundering regulations applicants will be required to produce identification documentation during the referencing process and we would ask for your co-operation in order that there will be no delay in agreeing a tenancy.
Henleys are a member of The Property Ombudsman and are part of the Propertymark Client Money Protection Scheme. EPC Rating: D Parking - Allocated Parking
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
FAQ
About Flat 5, 7 Norwich Road, Cromer
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