Summary - HELEN HOUSE, 282 FLAT 5 SOUTHTOWN ROAD GREAT YARMOUTH NR31 0JB
1 bed 1 bath Flat
Turnkey rental with long lease and immediate yield in seaside town.
- Tenanted producing £8,100 pa (6-month AST) for immediate income
- Long lease: 964 years unexpired (low lease risk)
- Modern bathroom (installed last year) and 2022 gas boiler
- EPC C and certificated electrics and gas boiler
- Annual service charge £1,617.12 and ground rent £30
- For sale by online auction 4 November 2025; fees apply
- Located in a high-crime, very deprived area; be selective on tenancy
- Exterior/period fabric may need future roof or façade works
A straightforward turnkey buy-to-let in Great Yarmouth offered with a sitting tenant and immediate income. The one-bedroom first-floor flat is in good internal order, benefitting from a modern bathroom (installed last year), a 2022 gas boiler and an EPC C rating — practical updates that reduce short-term maintenance costs for the investor.
The flat sits in a small block and produces £8,100 per annum on a short-term assured shorthold tenancy, representing an attractive yield against the guide price. The lease is long (964 years unexpired) with low ground rent, but there is an annual service charge of £1,617.12 to factor into running costs. The property will be offered at a national online auction on 4 November 2025; additional fees (buyer’s premium and administration fee) apply on exchange — see the legal pack for details.
Location strengths include fast broadband, excellent mobile signal and established rental demand in this seaside town. Counters to consider: the neighbourhood scores high for crime and is in a very deprived local area classification, which may limit tenant pools and resale premium. Externally the building shows age-consistent wear and may need façade or roof attention in future; interior condition is currently good.
This lot suits a hands-off investor seeking immediate cashflow with a tenant in situ, or a buyer prepared to hold and selectively upgrade externally over time. Review the legal pack and the tenancy terms before bidding so you can accurately model net yield after service charge, auction fees and any planned works.
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