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See how verdicts work3-bedroom detached house · PE31 7BY
Listing removedListed 194 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property is located in the large seaside village of Heacham some 14 miles from Kings Lynn and 28 miles from Swaffham.
There are good local facilities including a primary school, doctor's surgery, post office together with local shops.
There is a direct train to London Kings Cross from nearby King's Lynn and the A10 provides good road access to the A14, A1 and wider motorway network beyond.
The accommodation is arranged on the ground and first floor and is summarised below - Ground Floor: Entrance porch, inner hall, lounge with stairs to first floor, dining area, conservatory, kitchen First Floor: Landing, three bedrooms, bathroom Outside there is a driveway offering parking for one vehicle leading to a single garage with up and over door to front and personal door to rear.
The front garden is mainly gravelled with paved driveway to side and there is a gate to the side providing access to the rear garden.
The rear garden is bounded by timber fencing and is partially paved with gravelled areas. A review of strategy and client needs has led to this property becoming vacant.
Formerly utilised as a care and support facility, it could be repurposed for similar use.
Alternatively, there is potential for alternative care accommodation or residential development/investment subject to the necessary planning consent.
The property is available with immediate vacant possession and we are seeking offers of £315,000 for the freehold interest.
The Buyer will on completion of the sale be required to enter into an election under Section 198 of the Capital Allowances Act apportioning £1.00 of the sale price to each of integral features and plant and machinery at the Property.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About 38, College Drive
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