72 Coastline Village, Ostend Road, Walcott, Norwich, Norfolk NR12 0NE

Description

Two bedroom mid terraced town house in a popular coastal village currently tenanted to an established tenant £425 PCM This spacious and appealing town house which is situated close to the beach is in generally good order currently tenanted at £425 pcm (£5,100pa). The property has a large open plan living area and kitchen, with two bedrooms and a bathroom on the first floor. The property is double glazed has electric heating and has the use of a long rear garden. There is an off road parking space and it is situated just a short walk from the beach. Local facilities include a convenience shop with post office, cafe/chip shop and public houses. A more comprehensive range of shops and amenities can be found in the nearby market towns of Stalham and North Walsham.

Location

72 Coastline Village, Ostend Road, Walcott, Norwich, Norfolk NR12 0NE. Located in the NR12 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: ★★☆☆☆