2 Burman Mews, Lynn Road, East Winch, King's Lynn, Norfolk PE32 1JZ

Description

Impressive five bedroom detached house situated in the popular West Norfolk village of East Winch. Spacious 5 bedroom detached property with double garage and good sized rear garden offering versatile accommodation in the village of East Winch close to King's Lynn. The property is presented in very good condition throughout and is nicely presented with quality oak flooring in many spaces. Offering 3 good-sized reception rooms, large kitchen, separate utility room with access to the double garage, further storage, w.c. and spacious entrance hall on the ground floor. Upstairs the galleried landing gives access to the 5 bedrooms all very generous in size, one with en-suite along with the family bathroom with jacuzzi shower. Within a small development and generous in scale this property offers spacious, well-appointed accommodation, presenting an excellent opportunity for owner-occupiers looking for a substantial family home or investors alike. Viewing is recommended to fully appreciate the accommodation. For Enquiries and to arrange a viewing please contact 01603 505100

Location

2 Burman Mews, Lynn Road, East Winch, King's Lynn, Norfolk PE32 1JZ. Located in the PE32 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: ★★☆☆☆