Summary - 3b New Parade NR27 9EP
1 bed 1 bath Flat
**Standout Features:**
- Chain-free, second-floor flat
- Prime location in Cromer, near beach and amenities
- uPVC double glazing
- Ideal investment opportunity, holiday lets permitted
- Low council tax band (A)
- Needs modernization and has a short lease (64 years remaining)
**Summary Description:**
Discover this potential-filled one-bedroom flat in the heart of Cromer, the "Gem of the Norfolk Coast". Nestled above a vibrant parade of shops just a stroll from the award-winning beach, this property is a gem for first-time buyers or savvy investors alike. Featuring a spacious lounge that floods with natural light from two uPVC windows, a compact kitchen, and a cozy bedroom, the flat offers a great starting point for anyone looking to make their mark.
However, buyers should note that the leasehold status with only 64 years remaining may deter prospective mortgage lenders, making it crucial to consider this factor for financing options. While the flat could benefit from modern updates, its central location and the potential to use it as a holiday let present a fantastic investment opportunity. The small annual ground rent and affordable service charges add to its allure, especially in a town known for its lively tourism and close-knit community. Don’t miss out on this unique property that combines coastal charm with future potential!
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