13 Rider Haggard Way, Ditchingham, Bungay, Norfolk NR35 2JF

Description

Two bedroom detached bungalow with garage and off road parking This two bedroom detached bungalow extends to around 58 sq/m and benefits from double glazing, off road parking and a front and rear garden. It has been in the same ownership for many years and is now to be sold with vacant possession. It requires some updating to realise its full potential. The property is located on the Norfolk / Suffolk border on a cul de sac adjoining Turner Close. It is less than two miles north of Bungay near a range of services and amenities. Ideal for owner occupation or investment.

Location

13 Rider Haggard Way, Ditchingham, Bungay, Norfolk NR35 2JF. Located in the NR35 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Buy-to-Let / Resale. 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 buy-to-let / resale strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆