32 Lady Jane Grey Road, King's Lynn

Description

A Double Fronted Semi-Detached Bungalow requiring modernisation.

Accommodation

Living Room; Kitchen; Bedroom (One); Bedroom (Two); Bathroom/WC; Utility; Front Garden; Garden at Rear

Location

Situated on Lady Jane Grey Road, close to local shopping facilities and a short drive from the amenities available in King's Lynn Town Centre including King's Lynn Train Station.

Tenure / Property Information

Investment Analysis

The five supplied completed sales are semi-detached freehold properties on the same road, ranging from £108,500 to £167,000, but they are dated 2015–2017 and contain no floor areas, bedroom counts, condition details or evidence of bungalow comparability. Their median is £126,000, used only as an indicative base GDV proxy. The £40,000 guide appears substantially below this proxy, but the discount may reflect the stated need for modernisation and unknown auction-specific matters.

Investment Snapshot

Strategy Recommendation

Treat as a potentially low-entry refurbishment opportunity only subject to inspection, title/special-conditions review and a fully priced works schedule. Do not rely on the apparent GDV margin or bid beyond a separately calculated maximum until those unknowns are resolved.

Works Required

Modernisation as required following inspection, including assessment of the kitchen, bathroom/WC, utility, decoration, finishes, services and external areas. No detailed schedule or condition report is supplied, so the scope and cost cannot be quantified.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the indicative £126,000 base GDV, 75% refinance is £94,500. However, the refurbishment allowance and total project cost are unknown, so cash required, equity created and whether refinancing would recover the purchase and works cost cannot be calculated.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £1,500 buyer premium is known, but refurbishment, finance, operating and any seller-charged completion costs are not quantified.

Flip Analysis

The supplied same-road sales provide an indicative GDV range of £108,500–£167,000, with a £126,000 median proxy. A flip surplus cannot be calculated because the modernisation cost, selling allowance and other completion costs are not supplied. The comparable evidence is also dated and lacks condition and size detail.

Investor Risks & Due Diligence

• The property is stated to require modernisation, but no detailed condition report or works schedule is supplied.

• The GDV comparables are dated 2015–2017 and lack floor area, bedroom and condition details.

• No sufficiently specific rental evidence is available, preventing a supported BTL yield calculation.

• The buyer premium is known, but additional seller-charged completion fees may apply under the special conditions.

• Unknown works and project costs prevent calculation of total cost, cash requirement and flip surplus.

Recommendation

Treat as a potentially low-entry refurbishment opportunity only subject to inspection, title/special-conditions review and a fully priced works schedule. Do not rely on the apparent GDV margin or bid beyond a separately calculated maximum until those unknowns are resolved.

Strategy Rating

Analysis Confidence

Same-road completed sales support only a broad, dated GDV proxy. There is no detailed condition report, floor area, comparable bungalow evidence, rental evidence, refurbishment budget, selling-cost allowance or complete auction fee information.