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29 Town Close, East Winch, King's Lynn, Norfolk
Marketed by:
Auction House East Anglia
The Barn, Newmarket Rd, Cringleford, Norwich NR4 6UE, UK
01603 505 100
2-Bed Semi-Detached Bungalow, East Winch
29 Town Close, East Winch, King's Lynn, Norfolk
Sold
£50,000+
• 2 Bedrooms
• Semi-Detached Bungalow
• Freehold
• Current Rating E
Description
A two bedroom semi-detached bungalow in need of modernisation in the popular village of East Winch. This semi-detached bungalow requires full modernisation and is located in a popular village just off the A47.
Accommodation
Lounge, kitchen, two bedrooms and a wet room
Location
The bungalow is located in East Winch on the A47 which lies between King's Lynn and Swaffham.
Tenure / Property Information
Tenure |
Freehold |
EPC |
Current Rating E |
Council Tax |
Band A |
Services |
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. |
Investment Analysis
The supplied completed sales are on the same road, ranging from £144,000 to £212,000, but they are dated 2011–2018 and provide no bedroom, size or condition details. They do not support a reliable current GDV for this two-bedroom bungalow. The property requires full modernisation and has EPC E. Current rental evidence is unavailable.
Investment Snapshot
Guide Price |
£50,000 - £60,000 (plus fees) |
Strategy Recommendation
Do not bid on the current evidence alone. Obtain the legal pack, survey, current valuation evidence and detailed refurbishment quotations before considering a refurbishment-led resale or rental strategy.
Works Required
Full modernisation as described, including updating the kitchen, wet room and internal finishes. A survey and contractor quotations are required before costing.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
32, Town Close, East Winch, King'S Lynn, King'S Lynn And West Norfolk, Pe32 1nt |
£212,000 |
|
35, Town Close, East Winch, King'S Lynn, King'S Lynn And West Norfolk, Pe32 1nt |
£147,500 |
|
32, Town Close, East Winch, King'S Lynn, King'S Lynn And West Norfolk, Pe32 1nt |
£160,000 |
|
12, Town Close, East Winch, King'S Lynn, King'S Lynn And West Norfolk, Pe32 1nt |
£144,000 |
|
32, Town Close, East Winch, King'S Lynn, King'S Lynn And West Norfolk, Pe32 1nt |
£112,000 |
Potential BRRR Position
BRRR cannot be underwritten reliably. Current GDV, refurbishment cost, rent and refinance position remain unsupported. The £1,800 buyer premium and £1,200 administration charge are payable in addition to the purchase price, with possible further disbursements.
Buy-to-Let Analysis
BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs and total project cost are also unknown.
Flip Analysis
A flip appraisal cannot be quantified because the supplied comparables are historic and lack condition, size and bedroom detail. Resale costs and refurbishment costs are also unavailable.
Investor Risks & Due Diligence
• Full modernisation is required, but no refurbishment budget is available.
• Historic comparables may not represent current value, size or condition.
• No sufficiently specific rental evidence is available.
• Buyer premium, administration charge and possible legal-pack disbursements increase acquisition cost.
• Occupancy and legal-pack details are not supplied.
• EPC rating is E.
Recommendation
Do not bid on the current evidence alone. Obtain the legal pack, survey, current valuation evidence and detailed refurbishment quotations before considering a refurbishment-led resale or rental strategy.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low-Medium |
The property description, guide range, tenure, fees and historic same-road sales are supplied, but current valuation evidence, condition detail, refurbishment costs and rental evidence are missing.
Auction Details :
Auction House East Anglia
Auction Date :
21/10/26
Lot Number :
001
Property Location:
29 Town Close, East Winch, King's Lynn, Norfolk
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