Coach House, Cromer Road, Old Hunstanton, Hunstanton, Norfolk PE36 6HP

Description

A building plot measuring approximately 0.16 acres (stms) with an existing chalet in a state of disrepair A rare opportunity to purchase this building plot measuring approximately 0.16 acres (stms) with an existing chalet in a state of disrepair. The site is located in a prominent and sought after village location on the North Norfolk coast, with exceptional views to the sea and the surrounding countryside. Only a short walk from the beach, golf course and a variety of pubs, shops and restaurants. Old Hunstanton is only a mile away from the seaside town of Hunstanton and a short drive from the popular coastal destinations of Brancaster Staithe and Wells next-the-sea.

Location

Coach House, Cromer Road, Old Hunstanton, Hunstanton, Norfolk PE36 6HP. Located in the PE36 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: ★★☆☆☆