49 Hughenden Road, Norwich, Norfolk, NR1 2PX

Description

A vacant two bedroom, south city terrace house previously let with off road parking space to rear. Situated in a cul-de-sac in a popular south city location, this two bedroom terraced house has been tenanted for many years and is now vacant, offering an opportunity for redecoration and updating. Hughenden is within walking distance of Norwich city centre and conveniently located for local shops and schools. An ideal property for investment or owner occupation.

Accommodation

Ground floor: sitting room, dining room, kitchen and ground floor shower room. First floor: two bedrooms with bathroom off bedroom two.

Location

Situated in a cul-de-sac in a popular south city location. Hughenden is within walking distance of Norwich city centre and conveniently located for local shops and schools.

Tenure / Property Information

Investment Analysis

Recent same-road freehold terraced sales range from £272,500 to £295,000 in 2026. Older sales were £230,000 and £235,000, while the £115,000 sale is materially lower and has no supporting condition detail. A base GDV of £272,500 is used as the most conservative recent comparable indication, with a £230,000–£295,000 evidence-supported scenario range. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Treat as a conditional refurbishment and resale or owner-occupation opportunity only after a viewing, survey and confirmation of legal and completion costs. Do not bid on the current evidence alone for a BTL strategy because rent is unsupported.

Works Required

Redecoration and updating are supported by the description. The precise scope and cost of works are unknown; no structural, services or other defects should be assumed without inspection.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £170,000 guide, the known buyer premium and administration charge bring the acquisition figure to £172,100 before works and other costs. A 75% refinance against the base GDV would be approximately £204,375, but total project cost cannot be calculated because refurbishment and other completion costs are unsupported. Refinance viability therefore remains unconfirmed.

Buy-to-Let Analysis

The property was previously let and is vacant, but no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Rent and gross yield therefore cannot be established. The £900 buyer premium and £1,200 administration charge are known acquisition costs, with further possible disbursements and legal or transfer costs stated by the auctioneer.

Flip Analysis

The base GDV indication is £272,500 against the £170,000 guide, but refurbishment costs, selling costs and other acquisition or completion costs are unknown. A reliable flip surplus and maximum bid cannot therefore be calculated. The comparable range is supportive but not conclusive, particularly given the £115,000 outlier.

Investor Risks & Due Diligence

• Refurbishment scope and cost are not quantified beyond general redecoration and updating.

• No sufficiently specific rental evidence is available, so BTL yield cannot be assessed.

• Additional auction costs may include search fees, seller-cost reimbursement, legal fees, transfer fees and disbursements.

• Comparable sale prices vary materially, including a £115,000 sale with no supporting condition detail.

• The property is vacant and was previously tenanted, so current income is not established.

Recommendation

Treat as a conditional refurbishment and resale or owner-occupation opportunity only after a viewing, survey and confirmation of legal and completion costs. Do not bid on the current evidence alone for a BTL strategy because rent is unsupported.

Strategy Rating

Analysis Confidence

There are several same-road completed sales and clear tenure, occupancy and description evidence, but refurbishment costs, rental evidence, floor area, legal disbursements and selling costs are unavailable.