4 Bale Road, Sharrington, Melton Constable, Norfolk, NR24 2PF

Description

Older style three bedroom semi-detached house that has been let out for many years but is now sold vacant. The property benefits from oil fired central heating and sealed unit double glazing but further updating and modernising is now required throughout. Outside there are gardens front and back that require attention.

Accommodation

Three bedroom semi-detached house

Location

Sharrington is a small village about 4 miles away from the popular North Norfolk market town of Holt.

Tenure / Property Information

Investment Analysis

The evidence does not support a reliable GDV. The £170,000 sale of 3 Bale Road in 2016 is a same-road semi-detached comparison but is dated and provides no condition, size or specification. The £500,000 2026 sale of Long Barn and £375,000 2017 sale of Church Barn are also same-road semi-detached sales, but their names and lack of detail mean comparability cannot be established. The auction guide is £100,000–£120,000 plus fees, with a known £1,500 inclusive-of-VAT admin charge and possible additional completion fees.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, inspect the property, establish the tenure and required works, and obtain local resale and rental evidence before setting a bid limit.

Works Required

Further updating and modernising throughout is required, together with attention to the front and rear gardens. The supplied evidence does not identify specific internal defects, required systems replacement or a sufficient scope to cost the works reliably.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

The purchase and refurbishment inputs are incomplete. GDV, refurbishment cost, achievable rent and refinance value cannot be supported from the evidence, so the BRRR strategy cannot be underwritten numerically. The known £1,500 admin charge and possible additional fees should be included in any future appraisal.

Buy-to-Let Analysis

A BTL assessment cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. The property is vacant and requires updating, so letting condition and achievable rent are also unconfirmed. No yield or maximum purchase price can be calculated.

Flip Analysis

A flip appraisal cannot be reliably completed because the evidence does not establish a comparable post-works GDV, works budget or selling allowance. The same-road sold evidence is either dated or insufficiently described to support a resale valuation.

Investor Risks & Due Diligence

• The property requires updating and modernising throughout.

• The front and rear gardens require attention.

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

• Tenure, lease information, EPC, council tax and parking details are not supplied.

• The same-road sold comparables lack sufficient size, condition and specification detail; two appear potentially non-equivalent from their descriptions.

• The £1,500 admin charge is payable immediately after the auction, and other completion fees may apply under the Special Conditions of Sale.

• The property uses oil-fired central heating, with no information supplied on system age or condition.

Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, inspect the property, establish the tenure and required works, and obtain local resale and rental evidence before setting a bid limit.

Strategy Rating

Analysis Confidence

The property description confirms vacancy and a broad need for modernisation, but tenure, EPC, council tax, parking, rent, refurbishment costs, detailed condition and sufficiently comparable valuation evidence are absent.