59 St. Olaves Road, Norwich, Norfolk

Description

This three-bedroom hall entrance terrace house, with an over-the-passage layout, is situated in the popular NR3 postcode of Norwich. The accommodation comprises a hall entrance, living room, dining room and kitchen on the ground floor. The first floor provides three bedrooms and a bathroom, all accessed from the landing. To the rear is a bisected garden, offering outside space with scope for improvement to suit a new owner's requirements. The property is presented in generally good decorative order but requires remedial works and improvement to realise its full potential, and may particularly appeal to cash buyers, builders and investors. A structural report will be available to prospective purchasers within the legal pack on our website.

Accommodation

Ground floor: living room, dining room, kitchen and hallway. First floor: three bedrooms and bathroom, all off landing. Outside: front garden, bisected rear garden and side passage.

Location

Situated in the popular NR3 postcode of Norwich.

Tenure / Property Information

Investment Analysis

Completed same-road terraced sales range from £161,000 to £240,000. The two most recent sales were £230,000 and £240,000. Given the subject’s generally good decorative order but stated remedial works and improvement requirement, an indicative evidence-based GDV range is £200,000–£240,000, with £230,000 as the base scenario. This is not a formal valuation.

Investment Snapshot

Strategy Recommendation

Review the structural report and legal pack before bidding. Proceed only if the confirmed works and total costs leave a sufficient margin against the comparable-based GDV.

Works Required

Complete the remedial works identified through inspection and the structural report, undertake general improvement works supported by the evidence, and improve the bisected rear garden. Scope and cost cannot be quantified before reviewing the legal pack and report.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A potential BRRR outcome is indicated only by the comparable-based £230,000 base GDV and a theoretical 75% refinance of £172,500. Total project cost cannot be calculated because refurbishment costs and disbursements are unknown.

Buy-to-Let Analysis

BTL analysis cannot be completed because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Remedial works, fees and any legal-pack disbursements would also need confirmation.

Flip Analysis

The comparable evidence supports an indicative £200,000–£240,000 resale range, but flip surplus cannot be calculated without a confirmed purchase price, refurbishment budget, legal-pack costs and selling allowance.

Investor Risks & Due Diligence

• Structural report findings are not supplied and may materially affect works and value.

• Refurbishment costs cannot be estimated from the available evidence.

• No reliable rental evidence is supplied, preventing BTL yield analysis.

• Additional legal-pack disbursements and special-condition charges may apply.

• The comparable sales show a wide range of £161,000–£240,000.

Recommendation

Review the structural report and legal pack before bidding. Proceed only if the confirmed works and total costs leave a sufficient margin against the comparable-based GDV.

Strategy Rating

Analysis Confidence

There are five completed same-road sales and clear basic property details, but no structural report, refurbishment quotation, rental evidence or full legal-pack cost information.