47 Magdalen Road, Tilney St. Lawrence, King's Lynn, Norfolk PE34 4RF

Description

A detached bungalow of non standard construction in need of full modernisation on a generous plot The property briefly comprises entrance hall, lounge, kitchen, two bedrooms, shower room and separate WC. Outside there are generous, currently overgrown, gardens to the front and rear with vehicular access. Due to the bungalow being of non standard construction this property is suitable for cash buyers only. The property is located in the village of Tilney St. Lawrence, between King's Lynn and Wisbech.

Location

47 Magdalen Road, Tilney St. Lawrence, King's Lynn, Norfolk PE34 4RF. Located in the PE34 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: ★★☆☆☆