12 Constitution Hill, Norwich, Norfolk NR3 4BU

Description

Large hall entrance four bedroom mid terrace house requiring improvement This spacious bay fronted four bedroom hall entrance mid terrace house has been let for a number of years and is now to be sold with vacant possession. The property extends to around 149 sq/m, is double glazed, has gas central heating and benefits from a front and rear garden. The property is now in need of remedial work and improvement to realise its full potential, and would suit a cash buyer. A structural report will be available to view in the legal pack on our website. It is conveniently located around a mile north of the city centre. An ideal purchase for a builder or investor.

Location

12 Constitution Hill, Norwich, Norfolk NR3 4BU. Located in the NR3 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆