35 Broadland Holiday Village, Marsh Road, Lowestoft, Suffolk NR33 9JY

Description

Recently modernised one bedroom chalet situated on the edge of the Marina in the popular area of Oulton Broad, Lowestoft This recently renovated one bedroom chalet is situated close to the Marina in the popular area of Oulton Broad. Ideal for those with a boat and needing a base close to moorings available to rent. Situated on the Broadland Park and Marina site this chalet is offered with 12 month occupation. Recently refurbished to include new UPVC glazing and entrance door, new hot water tank and decoration throughout. This opportunity would make a great holiday let opportunity with facilities for guests on site. There are site fees of £5,600 pa which include water and insurance and £1,900 pa ground rent charges.

Location

35 Broadland Holiday Village, Marsh Road, Lowestoft, Suffolk NR33 9JY. Located in the NR33 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: ★★☆☆☆