St. Davids House, Friday Market Place, WALSINGHAM, Norfolk, NR22 6DB

Description

An opportunity to acquire grade II listed characterful residence arranged over four floors set in the heart of Little Walsingham village. The property currently boasts six bedroom some with en-suite facilities and has been run for many years as a highly successful bed and breakfast. The house would now benefit from a programme of updating and refurbishment to create a family home or reinstate into a bed and breakfast / air bnb opportunity. Situated within the heart of Walsingham and within walking distance of an amazing number of shops, mainly tourist/pilgrim shops but also a minisupermarket, tea shops and 2 public houses. The north Norfolk coastal town of Wells-next-the-Sea is some 4 miles away and is centrally located for Holt, Burnham Market, Wells-next-the-Sea and the market town of Fakenham where an array of facilities can be found. Accommodation: Ground Floor: Entrance hall stairs to first floor, door to cellar, lounge, kitchen, pantry, dining room. Lower Ground Floor: Cellar. First Floor: Landing, two bedrooms with en-suite shower rooms, further bedroom, family bathroom. Second Floor: Landing, bedroom with en-suite shower room, two further bedrooms, shower room. Exterior: Rear courtyard garden, brick store. EPC: Exempt Council Tax: A

Location

Walsingham lies approximately 5 miles north of the market town of Fakenham , and also has good link to the sought after North Norfolk market towns of Burham Market, King’s Lynn and the sought after North Norfolk coastal resorts of Hunstanton and Blakeney, Wells-Next-The-Sea. Viewings: By arrangement with our Joint Auctioneers William H Brown, Fakenham Tel: 01328 864922

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £30,000–£55,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Refurbishment & Resale. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Flip: ★★★★☆

BRRR: ★★★☆☆

Buy-to-Let: ★★★☆☆