56 High Street, Ixworth, Suffolk, IP31 2HJ

Description

A Vacant Grade II Listed Two Bedroom End of Terrace House. The property comprises a Grade II Listed two bedroom end of terrace house arranged over ground and first floors.

Accommodation

Ground Floor: Reception Room, Kitchen, Bathroom. First Floor: Two Bedrooms. Exterior: rear garden.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Mickle Mere Nature Reserve are within easy reach. Transport links are provided by Thurston rail station.

Tenure / Property Information

Investment Analysis

The completed-sales evidence for terraced properties on High Street ranges from £180,000 to £355,000, but there is no floor area, condition detail, or sufficiently specific like-for-like evidence for 56 High Street. The subject is Grade II Listed, vacant and EPC E, so a reliable GDV cannot be established from the supplied evidence alone.

Investment Snapshot

Strategy Recommendation

Do not bid on investment assumptions until the legal pack, listed-building position, condition, EPC implications and local rental evidence have been independently verified. Any bid should be based on a confirmed property-specific valuation and full cost schedule.

Works Required

No specific defects or refurbishment works are evidenced. Obtain a full inspection and establish whether any works require listed-building consent. Review the EPC E recommendations, subject to survey and legal-pack checks.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be calculated because GDV, refurbishment cost and rent are unsupported. Refinance proceeds and cash left in therefore remain unknown. The Grade II listing, vacant status and EPC E require particular due diligence before bidding.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The known guide is £100,000+ and the stated administration charge is £1,800 including VAT, with possible additional legal-pack charges.

Flip Analysis

The supplied sold comparables indicate a broad £180,000–£355,000 range, but differences in size, condition and specification are unknown. A reliable resale GDV, project cost or flip surplus cannot therefore be calculated.

Investor Risks & Due Diligence

• Grade II Listed status may restrict alterations and require consent.

• The property is vacant, with no evidence of current rental income.

• EPC Rating E may require improvement depending on intended letting strategy and applicable requirements.

• No specific condition or refurbishment information is supplied.

• Comparable sale prices vary materially and are not sufficiently like-for-like to establish GDV.

• The legal pack may contain additional disbursements, seller costs, legal fees, transfer fees or search fees.

Recommendation

Do not bid on investment assumptions until the legal pack, listed-building position, condition, EPC implications and local rental evidence have been independently verified. Any bid should be based on a confirmed property-specific valuation and full cost schedule.

Strategy Rating

Analysis Confidence

Tenure, occupancy, accommodation, guide, administration charge and several local completed sales are supplied, but there is no property-specific valuation, floor area, condition survey, refurbishment budget or rental evidence.