22 Beck Close, Holt, Norfolk, NR25 7HL

Description

Semi-detached two-bedroom bungalow requiring modernisation and updating throughout, located within a sought-after North Norfolk village close to Holt and Sheringham. The property benefits from two bedrooms, off-road parking and gardens.

Accommodation

Ground Floor: Entrance hall, kitchen, lounge, two bedrooms, bathroom. Exterior: Front garden with a driveway providing off-road parking access to the garage and enclosed rear garden.

Location

Nestled in the heart of the North Norfolk countryside in the sought-after village of Weybourne, approximately 3 miles west of the coastal resort of Sheringham and 4 miles north of Holt. Weybourne has restaurants, cafes, independent shops and boutiques. Holt and Sheringham offer further high street shops, banks, business and leisure facilities.

Tenure / Property Information

Investment Analysis

Recent completed sales on Beck Close range from £255,000 to £280,000, with an earlier sale at £285,000. A base GDV of £280,000 is used, with a supported evidence range of £255,000–£285,000. The comparables are semi-detached freehold properties on the same close, but their size, specification and condition are not supplied, so the GDV remains indicative.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, confirmation of heating and parking details, review of Special Conditions, and a priced refurbishment schedule. The guide appears attractive against the supplied comparables, but the unknown works cost and unreliable rental evidence prevent a firm BTL, BRRR or flip recommendation.

Works Required

Modernisation and updating throughout, as stated in the listing. The evidence does not identify specific defects, required trades or scope, so no refurbishment allowance can be reliably quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At a £140,000 guide, the known £1,800 buyer documentation fee gives a minimum identified acquisition cost of £141,800 before works and any seller fees. A 75% refinance against the £280,000 base GDV would be approximately £210,000, but cash left in cannot be calculated without a supported works budget and full completion costs.

Buy-to-Let Analysis

Rental evidence is inconsistent, ranging from £317 to £1,300 pcm, and consists only of advertised asking rents rather than achieved or passing rent. A dependable BTL yield cannot therefore be established. On the supplied range, annualised asking rent would be £3,804–£15,600, equivalent to approximately 2.72%–11.14% against the £140,000 guide before costs.

Flip Analysis

The supplied same-close sales support an indicative resale range of £255,000–£285,000 and a £280,000 base GDV. However, refurbishment cost, seller fees and selling costs are not supplied, so a reliable flip surplus or maximum bid cannot be calculated.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified beyond a general requirement for modernisation and updating.

• Rental evidence is highly inconsistent and comprises advertised asking rents only.

• EPC and heating information are unavailable.

• Additional seller fees may be payable under the Special Conditions of Sale.

• Comparable properties' internal size, specification and condition are not supplied.

• Parking information contains a direction to contact the auction centre, requiring confirmation.

Recommendation

Proceed only subject to inspection, confirmation of heating and parking details, review of Special Conditions, and a priced refurbishment schedule. The guide appears attractive against the supplied comparables, but the unknown works cost and unreliable rental evidence prevent a firm BTL, BRRR or flip recommendation.

Strategy Rating

Analysis Confidence

There are several relevant completed sales on the same close and a stated guide price, but property-specific condition, accommodation measurements, EPC, heating, full fees, refurbishment costs and reliable rent evidence are missing.