1-bedroom flat · NR28 9JX
Listing removedListed 78 daysAuction 1 Nov · ended
Opportunity summary
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About
FOR SALE BY ONLINE AUCTION ON TUESDAY 25 AUGUST TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE Vacant ground floor one bedroom flat situated in the centre of the market town of North Walsham.
Vacant one bedroom ground floor flat situated in the heart of the bustling market town of North Walsham. This has recently been let and has a potential yield of £9,000pa.
This leasehold flat is one of three within a period conversion and offers a bay window along with high ceilings, moulding and period skirting in the sitting room.
Accommodation has a communal hall to flat A&B, entrance door leads into the light and airy sitting room, inner hall leads to kitchen, bedroom and bathroom all in good order and ready for occupation.
This would make an ideal investment purchase or would suit someone needing facilities nearby.
Lease Details 99 years from 1 November 2003 (75 years remaining) Ground rent: £750pa Maintenance fee: £100pa Council Tax Band A NOTE The Property is referred to by 2 different addresses.
Flat 12A and also Flat A, 12B due to transmission error in previous conveyancing.
Communal Entrance Post box area and door to Flat A & B Ground floor flat Sitting room, inner hall, kitchen, bedroom and bathroom Tenure: Leasehold EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1140 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
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 Flat A, 12B Kings Arms Street, North Walsham, Norfolk NR28 9JX
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