Barns & land, Church Road, Limpenhoe, Norwich, Norfolk

Description

An opportunity to acquire a range barns that is located within the village of Limpenhoe near Acle. The property has been in the same ownership for many years and has been used storage and may offer a variety of uses or even residential development subject to obtaining the necessary planning permission from Broadland District Council. The barns do require attention but have electric supply and are dry. The whole site extends to approximately one third of an acre subject to measure survey which is currently uncultivated. Located approximately 4 miles south of Acle the address offers access to local amenities, the A47 to Norwich City Centre and Great Yarmouth and is in the heart of the Norfolk Broads.

Accommodation

Range of three red brick barns on a double gated site measuring approximately 0.3 acres subject to measured survey.

Location

Located within the popular Norfolk village of Limpenhoe, approximately 4 miles south of Acle, with access to local amenities, the A47 to Norwich City Centre and Great Yarmouth, and situated in the heart of the Norfolk Broads.

Tenure / Property Information

Investment Analysis

The £100,000 guide is not supported by a reliable market valuation from the supplied evidence. The only completed sales are detached houses on Church Road from 1998–2006 and are not sufficiently comparable to a range of storage barns and approximately 0.3 acres of uncultivated land. Residential development is only a possibility subject to planning permission, with no planning consent, accommodation schedule, measured site area or development appraisal supplied. The barns are described as dry with electricity but requiring attention; their condition and conversion feasibility are not quantified. The £1,800 buyer administration charge is known, while the seller may charge additional completion fees.

Investment Snapshot

Strategy Recommendation

Treat as a planning-led land and barn opportunity only after satisfactory surveys, measured-area confirmation, legal review and planning advice. Do not bid on a residential-development assumption without planning and a detailed costed appraisal.

Works Required

Obtain a measured survey, structural/building survey and planning advice before bidding. Any subsequent works should be based on the unspecified attention required by the barns and on the outcome of planning and conversion feasibility assessments; no quantified refurbishment allowance is supportable from the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR is not underwritable on the supplied evidence. There is no confirmed residential use, planning consent, quantified works budget, rental evidence or supportable GDV. Refinance at 75% of GDV cannot be calculated until planning, surveys, costs and end value are established.

Buy-to-Let Analysis

BTL analysis cannot be established. No residential accommodation, planning consent or sufficiently specific rental comparable is supplied, and the auctioneer has provided no rent estimate. The barns are currently described as having been used for storage rather than as residential dwellings.

Flip Analysis

A flip appraisal cannot be calculated reliably. Residential development is only a potential use subject to Broadland District Council planning permission, and there is no supported GDV, conversion cost, development scope or selling allowance. The historic detached-house sales are not sufficient evidence for a resale value.

Investor Risks & Due Diligence

• Residential development is subject to obtaining planning permission from Broadland District Council.

• The approximately 0.3-acre site area is subject to a measured survey.

• The barns require attention, but the nature and cost of the works are unspecified.

• The supplied completed sales are historic detached-house transactions and are not sufficiently comparable to the barns and land.

• No sufficiently specific rental comparable or auctioneer rent estimate is available.

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

• Parking and heating information has not been supplied.

Recommendation

Treat as a planning-led land and barn opportunity only after satisfactory surveys, measured-area confirmation, legal review and planning advice. Do not bid on a residential-development assumption without planning and a detailed costed appraisal.

Strategy Rating

Analysis Confidence

Evidence confirms tenure, guide price, approximate site description, electricity and dry barns, but lacks planning status, measured area, accommodation, detailed condition, costs, rental evidence and comparable barn or development sales.