The Old Maltings, School Road, Reepham, Norfolk NR10 4JP
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- A substantial and highly valuable investment opportunity
- Collection of spacious one & two bed self-contained apartments and town houses
- Once fully let rental income in region of £80,000 PA
- Considerable potential to uplift current income
- Guide price: £1,000,000 to £1,200,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 10:00am, Wednesday 29th July 2026
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 29TH JULY 2026 AT 10:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
A rare opportunity to acquire an award-winning residential investment in the heart of Reepham
Occupying an enviable position just a few steps from the historic Market Place in the highly sought-after town of Reepham, The Old Maltings represents an exceptional opportunity to acquire a substantial residential investment of considerable quality and long-term potential.
This impressive development comprises a collection of self-contained apartments and town houses, all currently let to established tenants, generating a gross annual rental income in excess of £80,000 per annum. The development has been meticulously maintained by the current owners, resulting in an attractive and well-presented investment requiring minimal immediate expenditure.
Originally recognised for its outstanding design, The Old Maltings was the recipient of a prestigious design award in 1991, reflecting the quality of its conversion and sympathetic integration within the historic surroundings of Reepham. The accommodation offers a blend of character and practicality, with all units benefiting from double glazing. A number of the properties are served by an efficient communal heating system, while the remainder enjoy the convenience of individual heating installations.
Beyond the strong existing income, the property offers significant opportunities for future asset management. There is clear potential to enhance rental income over time as tenancies change and are reviewed, whilst investors may also identify the prospect of increasing overall capital value through the eventual sale of individual apartments and houses, subject to any necessary legal arrangements.
In addition, the development includes substantial storage rooms and workshop accommodation which may offer scope for conversion into one or possibly two additional residential dwellings, subject to obtaining all necessary planning consents. This provides an exciting opportunity to further enhance both the income and capital value of this already impressive investment.
Investment opportunities of this calibre are seldom available, combining immediate income, excellent occupancy, outstanding presentation, proven tenant demand, asset management opportunities and future development potential,
Accommodation Flat 1 - 2 Bed Currently Let £570
Flat 2 - 2 Bed Currently Let £575
Flat 3 - 2 Bed Currently Let £575
Flat 4 - 2 Bed Currently Let £505
Flat 5 - 2 Bed Currently Let £500
Flat 6 - 1 Bed Vacant Potential Rent £700 PCM
Flat 7 - 2 Bed Vacant - Potential Rent £850 PCM
Flat 8- 2 Bed Currently Let £815
Flat 9 - 1 Bed Currently Let £445
Flat 10 - 1 Bed Currently Let £ 470
Flat 11 - 2 Bed Currently Let £595
Offices and Workshops Vacant
Total income currently £79,200 PA
All units have parking spaces.
Energy Performance Certificate (EPC) and Council Tax Band (CTB) Flat 1 - EPC D & CTB A
Flat 2 - EPC D & CTB A
Flat 3 - EPC C & CTB A
Flat 4 - EPC C & CTB A
Flat 5 - EPC D & CTB B
Flat 6 - EPC C & CTB A
Flat 7 - EPC C & CTB B
Flat 8 - EPC C & CTB B
Flat 9 - EPC C & CTB A
Flat 10 - EPC C & CTB A
Flat 11 - EPC D & CTB A
Viewings Viewings are available by appointment only on the following dates:
Tuesday 7th July
Thursday 16th July
To arrange the time of your viewing, please contact the Norwich office.
Tenure: Freehold
EPC Rating: 7 x C, 4 x D
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
The Old Maltings, School Road, Reepham, Norfolk NR10 4JP
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Visit our security centre to find out moreDisclaimer - Property reference 202606021705sq_zwha. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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