12, Hauteyn Court, NORWICH, Norfolk, NR3 2RQ

Description

Two bedroom ground floor flat in need of full refurbishment. The flat’s entrance is to the rear of the block offering a more private location. The flat itself is well laid out benefiting from a good size lounge and two bedrooms. The property requires refurbishment throughout but is liveable and would make an ideal first time purchase or investment property. The flat benefits from some external storage, communal gardens and unallocated communal parking. Accommodation: Entrance Hall, Kitchen, Lounge, Inner Hall, Bedroom 1, Bedroom 2, Bathroom EPC: TBC Council Tax: A

Location

Hauteyn Court is situated off Aylsham Road in NR3, there are regular buses into Norwich City Centre and local amenities include shops, supermarket, bingo hall and take aways. Viewings: By arrangement with our Joint Auctioneers William H Brown, Norwich. Tel: 01603 760004.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £15,000–£25,000. 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 £10 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

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Refurbishment & Resale. 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

Flip: ★★★★☆

BRRR: ★★★☆☆

Buy-to-Let: ★★★☆☆