Barn Adjacent to Brick Kiln Cottage, Lyngate Road, North Walsham, Norfolk NR28 0NE

Description

Substantial former agricultural Barn with Scope for Alternative Uses (STPP) A substantial detached former agricultural barn with its own independent access together with additional lean-to buildings. This timber framed former agricultural building occupies an independent position adjacent to Brick Kiln Cottage it is suitable for continued storage, workshop or commercial use, subject to any necessary consents. The principal barn measures approximately 160 sq. m. (1,720 sq. ft.) of predominantly open accommodation. The main structure is considered to be in good and has a concrete floor together with large double access doors to both the front and side, providing excellent vehicular access and considerable flexibility of use. Located at Lyngate, close to North Walsham, of interest to local businesses, landowners, investors or those seeking substantial workshop and storage accommodation. Prospective purchasers should make their own enquiries of the relevant authorities regarding change of use.

Location

Barn Adjacent to Brick Kiln Cottage, Lyngate Road, North Walsham, Norfolk NR28 0NE. Located in the NR28 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: ★★☆☆☆