2-bedroom house · NR29 4PE
Listing removedListed 105 days
Opportunity summary
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About
We are pleased to offer this attractive two bedroom end of terrace house forming part of a conversion of a period Granary Mill building.
This spacious individual property offers accommodation including an entrance hall, open plan lounge/kitchen/dining room, ground floor cloakroom, two double bedrooms and a first floor bathroom.
The property offers uPVC sealed unit double glazed windows, storage heating, modern fixtures and fittings, two allocated parking spaces with visitor parking and an enclosed rear garden.
Located in a attractive position in the centre of this Broadland village, close the village green with a good range of local amenities. Early internal viewing is highly recommended to appreciate.
Entrance Hall Glazed entrance door, stairs to first floor landing with under stair cupboard, power points, storage heater, smoke detector, doors leading off; Cloakroom Low level w.c., part tiled walls, hand wash basin within a fitted storage unit, extractor.
Open Plan Kitchen/Dining/Living Area (7.51m x 5.05m reducing to 2.03m (24'7" x 16'6" red) An L-shape room with Kitchen area with a range of fitted units and integrated appliances including electric oven, ceramic hob, stainless steel chimney extractor, integrated fridge-freezer and washing machine, window to side aspect, lounge/dining area with windows to side and rear, glazed door to rear garden, power points with usb charging, television point, storage heater.
First Floor Landing Loft access, double airing cupboard housing hot water cylinder with immersion heater, window to front aspect, doors leading off; Bedroom 1 (3.25m x 2.94m (10'7" x 9'7")) Window to side aspect, wall mounted electric heater, power points.
Bedroom 2 (5m x 3.08m reducing to 2.31m (16'4" x 10'1" reduci) Windows to side and rear aspects, power points.
Bathroom Panelled bath with electric shower over, low level w.c., pedestal hand wash basin, ventilation, heated towel rail.
Outside The property benefits from two parking spaces, as well as a communal visitors parking space in the parking area to the front of the property.
To the rear is a nicely enclosed garden with close board panel fencing to boundaries, pedestrian gate giving side access with a patio and an area of artificial grass, external power point.
Tenure Remainder of a 999 year lease from 1st January 2007. Each of the 7 property owners in The Old Mill has a share and is a director in Martham Old Mill Co, which owns the freehold of the building.
Annual grount rent and service charge is approx £660, this includes buildings insurance. Council Tax Great Yarmouth Borough Council - Band 'B'.
Services Mains water, electric and drainage Location Martham near Great Yarmouth is a large, pretty village just 9 miles north of Great Yarmouth.
The village retains part of its traditional charm with village green and pond, and lies partly in the Norfolk Broad National Park with one of its boundaries being the upper reaches to the River Thurne - a world famous fishing location.
The village offers a wealth of local amenities including shops, pubs, restaurants, doctors surgery, schooling and library. Regular bus links provide access to Great Yarmouth.
Visitors and locals play host to events such as the Scarecrow Festival and Carnival during summer months. Reference Pjl/S9938
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.
Area
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FAQ
About 26 Old Mill, Back Lane, Great Yarmouth
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