92 Riverside Road, Gorleston, Great Yarmouth, Norfolk

Description

Three bedroom hall entrance end terrace house with off road parking. This three bedroom hall entrance end terrace house is to be sold with vacant possession. The property extends to around 75 sq/m, is double glazed, has gas central heating and benefits from off road parking at the front. The property is in good decorative order and has fine views over the River Yare. It is conveniently located less than a mile north of the town centre near a range of services and amenities. An ideal purchase for an owner occupier or investor.

Accommodation

Ground floor: Entrance hall, open plan sitting / dining room, kitchen. First floor: Landing, three bedrooms, bathroom. Outside: Front and rear garden, off road parking at front.

Location

Less than a mile north of the town centre, near a range of services and amenities, with fine views over the River Yare.

Tenure / Property Information

Investment Analysis

The strongest evidence is the completed sale of the same property at £131,000 on 27 July 2026. The £130,000 lower guide is close to this evidence, while the £150,000 upper guide is above it. Older same-road sales range from £127,000 to £155,000 but are less reliable due to their age. A base GDV of £131,000 is therefore used, with £129,000 to £155,000 as evidence-supported scenarios.

Investment Snapshot

Strategy Recommendation

Proceed only at a price supported by the recent £131,000 same-property sale and after reviewing the legal pack and inspecting the property. It appears more suitable for owner occupation or cautious BTL assessment than a speculative flip, given the absence of quantified works and selling costs.

Works Required

No specific refurbishment works or costs are evidenced. The property is described as being in good decorative order, with double glazing, gas central heating and vacant possession. Inspection should confirm condition before budgeting any routine or pre-letting items.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed reliably because refurbishment costs, total acquisition costs, finance costs and a supported post-works valuation are not provided. At 75% of the base GDV, the theoretical refinance figure would be £98,250, but cash left in cannot be calculated without total project cost.

Buy-to-Let Analysis

Advertised three-bedroom rents range from £375 to £975 pcm, producing a midpoint estimate of £675 pcm or £8,100 annually. Against the £130,000 lower guide, the indicated gross yield range is approximately 3.46% to 9.00%; against the £131,000 base GDV it is approximately 3.44% to 8.93%. These are asking rents rather than achieved rents, and the wide spread makes the sustainable rent uncertain. Known buyer cost includes the £1,200 administration charge, while other possible fees and any works remain unquantified.

Flip Analysis

The base GDV is £131,000, closely supported by the July 2026 completed sale of the same property. A flip surplus cannot be calculated because refurbishment costs, total acquisition costs and selling costs are not supplied. The upper guide also exceeds the latest same-property sale, limiting apparent resale margin.

Investor Risks & Due Diligence

• The £150,000 upper guide exceeds the latest completed sale of the same property at £131,000.

• Rental evidence is advertised asking rent only and ranges widely from £375 to £975 pcm.

• Special conditions may create additional search, seller-cost, legal or transfer charges that are not quantified.

• No refurbishment or maintenance budget is supplied, despite the need to verify the stated condition by inspection.

• A maximum bid, total project cost, BRRR cash requirement and flip surplus cannot be established from the supplied evidence.

Recommendation

Proceed only at a price supported by the recent £131,000 same-property sale and after reviewing the legal pack and inspecting the property. It appears more suitable for owner occupation or cautious BTL assessment than a speculative flip, given the absence of quantified works and selling costs.

Strategy Rating

Analysis Confidence

The analysis has strong same-property completed-sale evidence and basic rental listings, but rental asking prices vary materially and there is no quantified works budget, full fee schedule, achieved rent evidence or selling-cost allowance.