52 Avenue Road, Norwich, Norfolk NR2 3HN

Description

Vacant Victorian terraced house in good order throughout situated in the 'Golden Triangle', a bustling area of Norwich city centre. Potential yield of £15,000 pa Victorian mid terraced house situated in a desirable area of Norwich known as the 'Golden Triangle'. In good order throughout this property has been a buy to let investment for a number of years and has recently become vacant. Enter the property through a front porch with door to open plan sitting room/dining room (formerly typical terrace of two rooms) modernised kitchen leading into a pleasing south west facing conservatory. First floor offers two bedrooms, one leading to the family bathroom. Ideal investment or first time buyer opportunity. Potential yield of £15,000pa

Location

52 Avenue Road, Norwich, Norfolk NR2 3HN. Located in the NR2 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: ★★☆☆☆