39 Damgate Street, Wymondham, Norfolk

Description

A charming brick and flint faced cottage with a wealth of character features, benefitting from off road parking and a garage. Having been a much loved family home for over 50 years, this attractive hall entrance cottage is now offered vacant and provides an excellent opportunity for owner occupiers, builders and investors alike. The property retains numerous period features including exposed beams and an impressive inglenook fireplace, creating considerable charm and character throughout. Whilst the property would benefit from a programme of updating and improvement, it provides an excellent opportunity to create an appealing character home or investment property whilst retaining its many original features.

Accommodation

Ground Floor: Entrance Hall, sitting room, dining room, kitchen. First Floor: Landing, 2 bedrooms, cloakroom. Outside: Immediately to the rear of the property is a small courtyard garden area with brick store. There is also a further area of land approached from Chandlers Hill which offers access to an off road parking facility and garage.

Location

A short walk from the town centre with shopping facilities on the doorstep. The railway station is also close by.

Tenure / Property Information

Investment Analysis

The supplied same-street completed sales range from £117,000 to £345,000, with £165,000 and £199,500 being the most recent. However, the evidence does not provide their sizes, bedroom counts, condition or specifications, so a reliable GDV or valuation range cannot be established. The subject is vacant, requires updating and has an EPC rating of G.

Investment Snapshot

Strategy Recommendation

Proceed only after inspection and legal-pack review, with a conservative bid based on verified works and value. The evidence currently supports cautious owner-occupier or refurbishment consideration rather than a quantified investment strategy.

Works Required

Undertake a detailed inspection and legal-pack review, then complete the required programme of updating and improvement. Retain the exposed beams, inglenook fireplace and other period features. Address the EPC G rating where technically and economically appropriate. No specific repair scope or cost is evidenced.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be completed reliably without supported refurbishment costs, rent, GDV and finance assumptions. The £2,100 stated buyer premium and admin charge should be included alongside any legal-pack disbursements and other charges, but total acquisition cost remains uncertain.

Buy-to-Let Analysis

BTL appraisal cannot be quantified because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The vacant status may assist possession, but the required updating scope and EPC implications remain uncosted.

Flip Analysis

A flip surplus cannot be calculated because there is no supported refurbishment budget, reliable GDV or selling-cost allowance. Same-street sales provide context only and vary materially, with insufficient property-detail comparison.

Investor Risks & Due Diligence

• EPC rating G may require material improvement expenditure, but no scope or cost is supplied.

• The property is described as requiring updating, with the extent of work unquantified.

• Comparable sale prices vary substantially and lack size, bedroom and condition details.

• Legal-pack disbursements and other purchaser charges may be payable but are unspecified.

• No sufficiently specific rental evidence is available for yield analysis.

Recommendation

Proceed only after inspection and legal-pack review, with a conservative bid based on verified works and value. The evidence currently supports cautious owner-occupier or refurbishment consideration rather than a quantified investment strategy.

Strategy Rating

Analysis Confidence

There are several completed same-street sales and clear tenure, occupancy and basic property information, but no comparable specifications, rental evidence, refurbishment costs, detailed condition or reliable GDV basis.