Ready‑let town‑centre block with immediate rental income and refurbishment potential.
Four one‑bed flats forming a fully let investment block
A rare opportunity to buy a small block of four one‑bed flats in the heart of North Walsham’s Market Place. The Georgian brick building sits on a prominent corner and is fully let, providing immediate rental income for an investor seeking town‑centre stock.
Internally the flats are compact with open‑plan kitchen/lounge/diners and functional bathrooms; many fittings are dated but serviceable. The building shows external wear and reported roof issues, so an incoming owner should budget for maintenance and possible communal works. Leasehold tenure has 71 years remaining — this is a material issue as some mortgage lenders may decline applications.
Location is a clear strength: central town amenities, good primary and secondary schools rated ‘Good’, excellent mobile signal and convenient transport links. Crime levels are above average locally; factor this into insurance and tenant screening.
This is a straightforward, cashflow‑led investment for a buyer comfortable managing short‑term maintenance and lease extension logistics. The property suits a hands‑on investor who values immediate income from established lets and sees upside from modest refurbishments and lease length remediation.
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