Greenwood House, Mouth Lane, North Brink, Wisbech PE13 4UQ

Description

Three Bedroom Detached House on Approximately 1.25 Acres (STS) – Rural Location A three bedroom detached house occupying a rural position within grounds of approximately 1.25 acres (STS). The property offers significant potential and is set amongst established gardens and land with mature trees and conifers. Outside benefits from extensive grounds extending to the front, side and rear, together with a 386 sq ft garage/workshop. The current owner has applied for outline planning permission from Fenland District Council PP-15022232 for 4/5 bed detached house. Please note: The property is understood to have structural issues and is therefore considered suitable for cash purchasers only.

Location

Greenwood House, Mouth Lane, North Brink, Wisbech PE13 4UQ. Located in the PE13 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Guide Price	Not currently published – Sold Prior
Refurbishment / Works Budget	HB indicative £140,000–£308,000
HB Indicative GDV / Value	£308,000–£490,000
Estimated Private Rent	Development-led – assess completed scheme
Suggested Strategy	Development

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: ★★☆☆☆