Cobbs Place, Great Yarmouth, NR30
East of England
£40,000
Listed on 13/10/2026
Listed on 13/10/2026
The listing
Property details
Bedrooms
1Type
FlatArea
431 sqftDescription
This one-bedroom first-floor flat in Great Yarmouth has an approximate floor area of 431 sq ft and is described as requiring modernisation throughout. The accommodation offers a refurbishment project for a buyer to plan and finish according to their intended use. The listing places the property close to the town centre and seafront, with shops, cafés and everyday services nearby.
The description refers to regeneration initiatives in the town, including the North Quay Levelling Up Fund scheme and investment at Britannia Pier, as well as the area's offshore wind sector. These are contextual factors rather than a guarantee of future demand or returns. The listing also includes AI-generated images of possible updated interiors; these are illustrative only and do not show completed works. Buyers should assess the condition and costs independently.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
62out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £40,000, this one-bedroom flat is priced at about £93/sq ft, well below the local average of £203/sq ft—a strong entry-price opportunity for a buyer looking to create value. The separate living room, bedroom and kitchen give the project a clear starting layout, while its position near Great Yarmouth town centre and the seafront adds to its appeal.
The photos show a substantial project: bare, marked floors and dated finishes across several rooms, with a worn kitchen and bathroom ready for a full update. The £28,000–£48,000 renovation range makes this a hands-on transformation rather than a cosmetic refresh. The score reflects the attractive price and solid economics, balanced against below-average fundamentals and the work involved.
Key opportunities
- The separate living room, bedroom and kitchen provide a defined layout to refresh and finish for a modern one-bedroom home.
- Replace the worn kitchen and bathroom finishes and renew the bare, marked flooring to give the flat a coherent, contemporary look.
- The asking price is substantially below the local £/sq ft average, offering an accessible acquisition point for a value-adding project.
Key risks
- Bare, marked floors and dated finishes across several rooms, alongside a worn kitchen and bathroom, make the £28,000–£48,000 works range a substantial budget and programme commitment rather than a cosmetic refresh.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£151
Based on a loan of £30,000 over 30 years at 4.45% interest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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