11 Grove Road, Beccles, Suffolk, NR34 9RB

Description

This charming two bedroom Victorian terrace, in need of some refurbishment is packed with potential offering off road parking to the rear, a courtyard garden and generous room sizes throughout. This is an ideal first home, investment or Airbnb opportunity.

Accommodation

Porch; Sitting Room - 15'11 x 12'0; Kitchen/Breakfast Room - 15'6 x 7'6; First Floor Landing; Bedroom One - 12'7 x 12'0; Bedroom Two - 7'6 x 6'8; Bathroom/WC - 8'4 x 4'5

Location

Located just a short stroll from the centre of the thriving market town of Beccles with its shops, cafés, restaurants, supermarkets, pubs and amenities. Major transport links to Norwich, Lowestoft and the Suffolk coast are close by. The property is a short 6 minute walk from Beccles town centre.

Tenure / Property Information

Investment Analysis

Supplied sold evidence is dated 2015–2018: the subject sold for £136,000 in 2015, while nearby Grove Road sales were £159,000 and £189,000. A £159,000 base GDV is used cautiously; no recent comparable evidence is supplied.

Investment Snapshot

Strategy Recommendation

Consider BTL only subject to survey, confirmed rent and full auction-cost assessment. Do not rely on a flip or BRRRR case without a priced refurbishment schedule.

Works Required

Refurbishment is required as described, but the supplied evidence does not identify the scope, specification or cost of works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £159,000 base GDV, 75% refinance is £119,250. Cash required and equity outcome cannot be calculated because refurbishment costs and buyer fees are unspecified.

Buy-to-Let Analysis

Advertised rents indicate £826–£1,195 pcm, equivalent to an indicative gross yield of 7.34%–10.62% on the £135,000 guide before fees, works, voids and operating costs. Achieved rent is unverified.

Flip Analysis

A flip surplus cannot be established because refurbishment costs, purchase fees and selling costs are not supplied. The GDV evidence is also dated.

Investor Risks & Due Diligence

• Unknown refurbishment scope and cost

• Buyer and administration fees are unspecified

• Rental evidence comprises advertised asking rents only

• Comparable sales are dated between 2015 and 2018

• Guide price is stated as plus fees

Recommendation

Consider BTL only subject to survey, confirmed rent and full auction-cost assessment. Do not rely on a flip or BRRRR case without a priced refurbishment schedule.

Strategy Rating

Analysis Confidence

Property details and historic sales are supplied, but comparable evidence is dated and refurbishment costs, buyer fees, achieved rent and selling costs are unavailable.