58b, Colvile Road, WISBECH, Cambridgeshire, PE13 2ET

Description

An opportunity to acquire a five-bedroom detached house set on a popular residential road close to heart of the Fenland market town of Wisbech. The property has been a solid investment for several years but is now sold with vacant possession. The accommodation is arranged over 3 floors with a hallway, lounge, breakfast kitchen, utility room and cloakroom on the ground floor. The first floor offers two double bedrooms, a further master with en-suite shower room and family bathroom. The third floor boasts two further bedrooms. This property is located approximately 1 mile from the centre of the historic market town of Wisbech and has access to local facilities and the town centre where an array of high street shops, business and leisure facilities can be found.

Accommodation

Ground Floor: Entrance hall with stairs to first floor, breakfast/kitchen, lounge, cloakroom. First Floor: Landing, master bedroom with en-suite shower room, two further bedrooms, family bathroom. Second Floor: Landing, two bedrooms. Exterior: Front driveway, brick weaved for numerous vehicles, pedestrian access to enclosed rear garden mainly laid to lawn with patio and decking area.

Location

Popular residential road approximately 1 mile from the centre of the historic market town of Wisbech, with access to local facilities and the town centre, including high street shops, business and leisure facilities.

Tenure / Property Information

Investment Analysis

The £200,000 guide is below the two older same-road detached sales at £317,000 and £347,000, but the most recent supplied comparable, 54 Colvile Road, sold for £175,000 on 17 October 2025. No bedroom counts, floor areas, condition details or sale circumstances are supplied for the comparables, so a reliable GDV range cannot be established. The £1,800 inclusive buyer documentation fee is known; possible seller charges remain unspecified.

Investment Snapshot

Strategy Recommendation

Do not bid on a yield or flip basis without confirming the property's condition, achievable rent, comparable floor areas and all special-condition fees. Treat the guide as an auction entry point rather than an evidenced valuation.

Works Required

No specific defects or refurbishment requirements are evidenced. Obtain a full survey and confirm heating, condition, services and any required works before bidding. The property is vacant, has EPC C, a driveway and an enclosed rear garden.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR appraisal cannot be completed because refurbishment costs, a property-specific rent and a reliable GDV are not supported by the supplied evidence. The known £1,800 buyer documentation fee and any applicable seller charges should be included once the purchase price and project scope are confirmed.

Buy-to-Let Analysis

The only rental evidence is a generic advertised asking rent of £775 pcm for houses in Wisbech, not a specific five-bedroom property or an achieved rent. A reliable rent, yield or BTL appraisal therefore cannot be established. Vacant possession may allow owner-occupation or letting, subject to confirmation of condition and achievable rent.

Flip Analysis

The same-road sales show a wide range from £175,000 to £347,000, but their size, bedroom and condition differences are not supplied. Consequently, resale GDV, selling allowance and flip surplus cannot be calculated reliably.

Investor Risks & Due Diligence

• The recent same-road comparable sold for £175,000, creating uncertainty over the relationship between the £200,000 guide and current market value.

• Comparable bedroom counts, floor areas, condition and sale circumstances are not supplied.

• The £775 pcm figure is a generic advertised asking rent, not an achieved rent for this five-bedroom house.

• Property condition, heating details and any required works are not evidenced.

• The seller may charge additional completion fees under the Special Conditions of Sale.

• Buyer finance, resale and refinance assumptions cannot be validated without a reliable GDV and cost schedule.

Recommendation

Do not bid on a yield or flip basis without confirming the property's condition, achievable rent, comparable floor areas and all special-condition fees. Treat the guide as an auction entry point rather than an evidenced valuation.

Strategy Rating

Analysis Confidence

The address, accommodation, tenure, occupancy, guide, one buyer fee and several same-road completed sales are supplied, but the comparables lack size and condition data, rent evidence is generic, and refurbishment and other completion costs are unknown.