2 Stake Bridge Farm Cottages, Scottow, Norwich, Norfolk NR10 5DQ

Description

Mid-terrace cottage requiring some modernisation and updating with substantial rear garden, garage and parking and situated in a picturesque village of Scottow Charming mid terraced cottage situated in the rural village of Scottow twixt Norwich and North Walsham. The cottage is in need of some modernisation throughout and would make an ideal first home. Offering well-proportioned accommodation to include kitchen/diner, sitting room and conservatory on the ground floor with stairs to landing, two bedrooms and bathroom on the first floor. Unusual for a cottage there is a garage and parking situated to the side of the cottage and a delightful generous rear garden in need of attention stretches beyond the conservatory. Located in a peaceful village location well placed for reaching Norwich, Aylsham and the North Norfolk coast. This is an ideal project for someone looking for a unique opportunity.

Location

2 Stake Bridge Farm Cottages, Scottow, Norwich, Norfolk NR10 5DQ. Located in the NR10 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: ★★☆☆☆