2 Albany Road, Great Yarmouth, Norfolk NR31 0EE

Description

Three bedroom bay fronted semi-detached house with additional storage income This three bedroom, bay-fronted semi-detached house has previously been let and is now being offered for sale vacant, requiring updating and modernisation. The property provides well-proportioned accommodation arranged over two floors, comprising two reception rooms, kitchen and cloakroom on the ground floor. The first floor provides three bedrooms and a bathroom. Externally, the property benefits from a drive and rear garden, separated into two areas includes a brick built and timber outbuilding providing storage which is currently let at £100 per calendar month, £1200 p.a. Please refer to the legal pack for terms and agreements. The property offers excellent scope for refurbishment and modernisation and may be of particular interest to investor.

Location

2 Albany Road, Great Yarmouth, Norfolk NR31 0EE. Located in the NR31 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: ★★★☆☆