Residential Development in NR19

Quebec Street, Dereham, Norfolk, NR19 2DJ

Brochure

Tenure: Leasehold

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Starting bid£180,000

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Property features

Four self-contained, one-bedroom maisonettes
Highly desirable NR19 postcode
High-yielding asset in excellent order

Residential Development in NR19

For sale via auction - fees, terms and conditions apply.

An exceptional investment opportunity has arisen to acquire a substantial freehold building in Dereham, currently configured as four self-contained, one-bedroom maisonettes. Situated in the highly desirable NR19 postcode, this versatile property is being offered for sale as a single block via auction, presenting an outstanding addition to any residential portfolio. Each of the four individual maisonettes has been meticulously designed to offer independent living spaces with their own private entrances, fully fitted kitchens, contemporary shower rooms, and dedicated living areas. The property represents a high-yielding asset in excellent order, with the vendor also willing to consider selling the individual units separately to suit diverse buyer requirements.

The ground-floor maisonettes boast direct access and a bright, airy disposition. Each unit features a spacious, open-plan living and dining area designed to maximise natural light, complemented by neutral decor and high-quality laminate flooring. The modern kitchens boast contemporary cabinetry, sleek countertops, and some built-in appliances, including an electric oven, hob, and extractor fan, offering a premium space for cooking. The well-proportioned double bedrooms are finished in calming neutral tones with plush carpeting, providing a quiet retreat for tenants.

The first-floor maisonettes mirror this high specification, offering elevated views and a superb sense of privacy. The living areas are generously sized, accommodating both lounge furniture and a dining set comfortably. Each kitchen is finished to a high specification with ample storage and preparation space. The bathrooms across all four units are modern, fully tiled shower rooms equipped with high-pressure corner showers, low-level WCs, pedestal hand wash basins, and heated towel rails, ensuring a luxurious and low-maintenance finish throughout.

The properties benefit from modern, energy-efficient electric heating systems, making them cost-effective to run and highly attractive to the local rental market. Each maisonette operates on its own independent utility meters, ensuring straightforward management for a landlord or individual owner-occupiers. Externally, the building features low-maintenance communal areas and dedicated off-road parking provisions for residents.

Situated in the heart of Dereham, often referred to as the heart of Norfolk, the property benefits from an enviable location. The bustling town centre is within easy walking distance, offering an excellent selection of local amenities, including supermarkets, independent boutique shops, cafes, traditional pubs, and a local cinema. For leisure and recreation, the nearby Dereham Leisure Centre provides superb gym and swimming facilities. The property also benefits from excellent transport links, with the nearby A47 providing direct road access to the historic city of Norwich, which is approximately fifteen miles away, as well as easy connections to King's Lynn and the scenic North Norfolk coast. Frequent bus services run from the town centre, connecting residents to the wider Norfolk area.

This unique property represents a blue-chip investment opportunity, perfectly suited for seasoned landlords looking to expand their portfolio with a high-yield, low-vacancy asset, or for developers seeking individual units with strong resale potential. With the flexibility of acquiring the building as a whole via auction, or negotiating individual unit purchases, this is an opportunity not to be missed. Internal viewing is highly recommended to fully appreciate the scale, quality, and income potential of this impressive building. Please contact our office today to arrange your private viewing appointment.

Please note we have not inspected this property.

Location

Situated in the heart of Dereham, often referred to as the heart of Norfolk, the property benefits from an enviable location. The bustling town centre is within easy walking distance, offering an excellent selection of local amenities, including supermarkets, independent boutique shops, cafes, traditional pubs, and a local cinema. For leisure and recreation, the nearby Dereham Leisure Centre provides superb gym and swimming facilities. The property also benefits from excellent transport links, with the nearby A47 providing direct road access to the historic city of Norwich, which is approximately fifteen miles away, as well as easy connections to King's Lynn and the scenic North Norfolk coast. Frequent bus services run from the town centre, connecting residents to the wider Norfolk area.

Accommodation

The ground-floor maisonettes boast direct access and a bright, airy disposition. Each unit features a spacious, open-plan living and dining area designed to maximise natural light, complemented by neutral decor and high-quality laminate flooring. The modern kitchens boast contemporary cabinetry, sleek countertops, and some built-in appliances, including an electric oven, hob, and extractor fan, offering a premium space for cooking. The well-proportioned double bedrooms are finished in calming neutral tones with plush carpeting, providing a quiet retreat for tenants.

Accommodation - cont.

The first-floor maisonettes mirror this high specification, offering elevated views and a superb sense of privacy. The living areas are generously sized, accommodating both lounge furniture and a dining set comfortably. Each kitchen is finished to a high specification with ample storage and preparation space. The bathrooms across all four units are modern, fully tiled shower rooms equipped with high-pressure corner showers, low-level WCs, pedestal hand wash basins, and heated towel rails, ensuring a luxurious and low-maintenance finish throughout.

Tenure

Leasehold titles, however the freeholder is absent. Please refer to the legal pack for more information.

Council Tax

All flats band A

Additional Information

For further information please contact our office directly on 0191 737 1154, or alternatively via email on commercial@pattinson.co.uk. With regards to viewing subject property, this is to be done strictly by appointment.

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

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