2 Post Office Road, Toft Monks, Beccles, Norfolk

Description

An ex local authority three bedroom semi detached house in need of updating, located in a delightful rural setting with field views. This vacant, ex local authority three bedroom semi detached house now requires a program of updating and redecoration. The house has oil central heating and is fully double glazed. It would be ideal for family occupation and offers an exciting project for builder, investor or private buyer. There are generous front and rear gardens with off road parking and ample space for further extension (subject to planning). Beccles is within three miles where a comprehensive range of amenities can be found.

Accommodation

Ground Floor: Entrance hall, living room, kitchen/dining room, bathroom. First Floor: Landing, three bedrooms, bathroom.

Location

Located in a delightful rural setting with field views. Beccles is within three miles where a comprehensive range of amenities can be found.

Tenure / Property Information

Investment Analysis

No HM Land Registry completed sales or supported GDV evidence was supplied. The £140,000–£160,000 guide is not a market valuation; updating costs and legal-pack disbursements are also unknown.

Investment Snapshot

Strategy Recommendation

Proceed only after inspecting the property and reviewing the legal pack, obtaining a refurbishment quote and validating achievable local rent. Do not rely on the guide or asking rent alone for bidding.

Works Required

Updating and redecoration as described. No specific defects or quantified refurbishment scope are evidenced. Any extension would be subject to planning.

Rental & Market Context

Potential BRRR Position

BRRR cannot be reliably quantified because no GDV, refurbishment budget or refinance valuation evidence is supplied. The known £2,340 buyer premium and administration charge would be additional to the purchase price, with possible further disbursements.

Buy-to-Let Analysis

The supplied advertised asking-rent evidence indicates £1,650 pcm, equivalent to £19,800 annually. This implies approximately 12.4%–14.1% gross yield against the £140,000–£160,000 guide, before refurbishment, finance, operating costs and fees. Asking rent is not achieved rent.

Flip Analysis

A flip surplus cannot be calculated without supported GDV, refurbishment costs and selling-cost assumptions. The description confirms updating is required, but provides no quantified scope.

Investor Risks & Due Diligence

• Updating and redecoration are required, but the works scope and cost are unknown.

• Rental evidence comprises advertised asking rents rather than achieved rents.

• No completed-sale comparables or supported GDV are available.

• Further legal-pack disbursements may be payable.

• Oil central heating creates an additional property-specific system to inspect.

• Any extension would require planning approval.

Recommendation

Proceed only after inspecting the property and reviewing the legal pack, obtaining a refurbishment quote and validating achievable local rent. Do not rely on the guide or asking rent alone for bidding.

Strategy Rating

Analysis Confidence

No completed-sale comparables, GDV, quantified works budget, achieved rent or full purchaser-cost schedule was supplied.