5 the Loke, East Beckham, Norwich, Norfolk NR11 8RP

Description

Charming three bedroom detached cottage in North Norfolk This charming three bedroom detached brick and flint cottage extends to around 92 sq/m. It is tucked away in a wonderful position over looking open countryside near the end of a no through loke. The property has a wealth of period features including exposed beams, wooden doors, has electric heating, and off road parking. It has been in the same ownership since 1985 and is now to be sold with vacant possession. It requires some updating to realise its full potential First time to market in over 40 years. On instruction of executors.

Location

5 the Loke, East Beckham, Norwich, Norfolk NR11 8RP. Located in the NR11 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Buy-to-Let / Resale. 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 buy-to-let / resale strategy with adequate contingency.

Strategy Rating

Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆