39 Park Crescent, Wiggenhall St. Mary Magdalen, King's Lynn, Norfolk

Description

A three bedroom semi-detached house with possible structural issues for cash buyers only. This semi-detached house for cash buyers only, requires full renovation and possible remedial work.

Accommodation

Ground floor: lounge, dining room, kitchen, utility and WC. First floor: three bedrooms and a bathroom. Outside: garden to front and large garden to rear.

Location

The house is located in the village of Wiggenhall St Mary Magdalen to south of the town of King's Lynn.

Tenure / Property Information

Investment Analysis

Three same-street semi-detached sales from 2023–2025 range from £189,500 to £237,000. An indicative post-renovation base GDV of £217,167 uses the mean of these three recent comparables, but condition differences and possible structural issues reduce confidence.

Investment Snapshot

Strategy Recommendation

Do not bid without a structural survey, full legal-pack review and reliable refurbishment quotation. Consider only as a specialist cash refurbishment project if the total cost remains comfortably below the supported GDV range.

Works Required

Full renovation as described, with investigation and any necessary remedial work for the possible structural issues. Specific works and costs require survey and legal-pack review.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The indicative 75% refinance of the base GDV is £162,875.25. However, refurbishment costs, total acquisition costs beyond the stated £3,000 buyer and administration charges, and structural liabilities are unknown, so cash requirement and refinance viability cannot be confirmed.

Buy-to-Let Analysis

No sufficiently specific rental evidence or auctioneer rent estimate is provided, so rent and yield cannot be established. The full renovation requirement also prevents a reliable income appraisal.

Flip Analysis

The comparable-supported GDV range is £189,500–£237,000, with a base of £217,167. A flip surplus cannot be calculated because refurbishment, acquisition, selling and possible structural-remediation costs are unsupported.

Investor Risks & Due Diligence

• Possible structural issues and unspecified remedial work

• Full renovation required

• Cash buyers only

• Unknown disbursements and special-condition fees

• No reliable rental evidence

• Comparable sale values vary materially

Recommendation

Do not bid without a structural survey, full legal-pack review and reliable refurbishment quotation. Consider only as a specialist cash refurbishment project if the total cost remains comfortably below the supported GDV range.

Strategy Rating

Analysis Confidence

There are several relevant same-street completed sales, but no condition-adjusted valuation, rent evidence, refurbishment budget, structural report or complete fee schedule.