24 Fisher Road, Diss, Norfolk IP22 4JS

Description

First floor leasehold studio flat situated in a purpose built block close to town centre and train station. The flat has been well maintained and would make an ideal investment property In good order throughout, this first floor leasehold studio flat is one of six in this purpose built block. Well maintained and presented it is a ready made property for investment. The accommodation comprises communal hall, with stairs to first floor, entrance door, living room/bedroom, kitchen, inner hall with wardrobe and utility area and shower room. To the rear of the building there is one allocated parking space and a communal garden and bin area. Situated off Victoria Road close to Diss train station with its mainline to Norwich and London Liverpool Street making it an ideal for commuters.

Location

24 Fisher Road, Diss, Norfolk IP22 4JS. Located in the IP22 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Commercial / Mixed-Use Investment. 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 commercial / mixed-use investment strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆