18 Legge Place, Wiggenhall St. Germans, King's Lynn, Norfolk PE34 3HD

Description

A two bedroom end terrace bungalow requires full modernisation to realise its full potential This two bedroom end terrace bungalow requires full modernisation and is located in the village of Wiggenhall St. Germans. The property briefly comprises entrance hall, lounge, kitchen, two bedrooms, and a bathroom. Outside there are gardens to front and rear, which are overgrown and do need attention. Wiggenhall St. Germans is a village in the Borough of King's Lynn and West Norfolk, within easy reach of King's Lynn town centre which offers a full range of shopping, schooling and transport links.

Location

18 Legge Place, Wiggenhall St. Germans, King's Lynn, Norfolk PE34 3HD. Located in the PE34 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial / Mixed-Use Investment. 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 commercial / mixed-use investment strategy with adequate contingency.

Strategy Rating

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