Two in One, Church Lane, Boughton, King's Lynn, Norfolk PE33 9AQ

Description

A detached two bedroom single storey cottage with flint elevations set in 0.26 of an acre (stms) in the centre of the village This two bedroom bungalow is set in 0.26 of an acre (stms) including a parcel of land on the opposite side of the road. The property has two bedrooms, lounge, kitchen, conservatory and a bathroom. The property has had some structural damage and a structural report is available. Electricity pole at boundary of land across the road owned by Two in One- no way leaves agreement with electricity company as of yet . Upon contacting the electricity company, the new owner can enter into their own agreement with the electricity company. Boughton is located 5 miles east of Downham Market and has a village church with facilities found at Downham Market.

Location

Two in One, Church Lane, Boughton, King's Lynn, Norfolk PE33 9AQ. Located in the PE33 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: ★★☆☆☆