22 Colville Road, Melton Constable, Norfolk NR24 2DD

Description

Three bedroom Victorian terraced house situated in the desirable North Norfolk village of Melton Constable Tucked away from the main road within the well-served village of Melton Constable, this charming Victorian terraced home offers well-proportioned accommodation. The accommodation comprises a welcoming sitting room, a kitchen/dining room, utility room, rear lobby and family bathroom and to the first floor the landing gives access to three generously sized bedrooms. The property further benefits from oil-fired central heating and UPVC double glazing throughout. Outside, there are enclosed gardens to both the front and rear together with off-road parking for two vehicles. Located in Melton Constable, the north Norfolk coast is around 8 miles away with Cley, Blakeney and Morston within easy reach.

Location

22 Colville Road, Melton Constable, Norfolk NR24 2DD. Located in the NR24 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: ★★☆☆☆