Summary - 32 FLAT 1 GORDON ROAD GREAT YARMOUTH NR31 0EP
6 bed 6 bath Flat
Immediate rental income with parking and clear refurbishment upside.
Six self-contained flats: 4 x one-bed, 2 x studios
Current income £34,800 per year (immediate cashflow)
Off-street private parking for residents
Part freehold, part leasehold – check lease terms
Built 1900–1929 with period features, double glazing post-2002
Solid brick walls assumed uninsulated; potential energy improvements
Area: very deprived with above-average crime — consider HMO/rental risk
This is a compact income-producing property comprising six self-contained flats (4 x one-bed, 2 x studios) currently producing £34,800 pa. The mix, off-street parking and part freehold/part leasehold tenure give immediate cashflow and flexible asset-management options for a landlord targeting strong gross yield (around 9.3% at the asking price).
Several flats show scope for rent uplift through straightforward refurbishment — kitchens, bathrooms and cosmetic updating — which will enhance returns in this rental-focused area. Construction dates from the early 20th century provide period features in places; double glazing was installed after 2002 and heating is mains gas boiler and radiators.
Buyers should note material practicalities: the property sits in a very deprived area with above-average crime rates, solid brick walls presumed uninsulated, and part of the scheme is leasehold which can affect management and resale. Some external pipework and interiors will need modernisation; purchasers should commission full surveys and check individual leases and service arrangements before exchange.
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