The Old Maltings, School Road, Reepham, Norfolk NR10 4JP

This property presents a unique opportunity for those looking to invest in a well-located residential portfolio in Reepham. Known as The Old Maltings, this development features a range of self-contained apartments and townhouses, currently generating over £79,000 annually from established tenants. The units are largely maintained to a high standard, allowing for immediate rental income with minimal upfront costs. Originally awarded for its exceptional design quality upon conversion in 1991, the buildings blend character with practicality. All units benefit from double glazing, with many serviced by an efficient communal heating system. Beyond the current income stream, significant potential exists for enhancing future earnings through tenant turnover and rental reviews. Additionally, there are substantial storage areas and workshop spaces that could be converted into additional residential units (subject to planning approval), offering further avenues for capital growth. With parking available for all units and strong demand evidenced by existing occupancy rates, this investment not only promises immediate returns but also long-term appreciation potential in a sought-after market.