11, Sun Road, BUNGAY, Suffolk, NR35 2RW

Description

An opportunity to acquire a mid-terrace house located in the popular village of Broome which is approximately 2 miles north east of the market town of Bungay. The property has been tenanted and is now being sold with vacant possession but has the potential to produce approximately £13,200 per annum. The house offers versatile living with a lounge/diner, conservatory and three bedrooms to the first floor. Outside there is ample off-road parking to the front and a generous enclosed rear garden with access. The village of Broome offers access to the market town of Bungay where an array of boutique and high street shops, business and leisure facilities can be found. Accommodation: Ground Floor: Entrance hall, lobby, lounge/diner, conservatory, kitchen, cloakroom. First Floor: Landing, three bedrooms, bathroom, separate W.C. Exterior: To the front of the property is a driveway providing off-road parking with a low maintenance shingled garden. Enclosed rear garden mainly laid to lawn, a timber shed, large workshop, timber pavilion. There is a hard standing and gated rear access. EPC: D Council Tax: B

Location

Property located at 11, Sun Road, BUNGAY, Suffolk, NR35 2RW.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£15,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

The auctioneer-published rent identified in the source is approximately £13,200 per annum.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Verify tenancy documents, rent history and deposit compliance

Recommendation

Preferred strategy: Long-Term Buy-to-Let. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆