2-bedroom house · NR24 2LJ
Listing removedListed 72 daysAuction 2 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £115,000+ **For Sale By Public Auction 2nd September 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A Vacant Two Bedroom Semi Detached House By Order of the Executors Tenure Freehold Location The property is situated on a residential road close to local shops and amenities.
There are numerous green open spaces within easy reach. Transport links are provided by Norwich rail station.
Description The property comprises a two bedroom semi-detached house arranged over ground and first floors. The property requires a program of refurbishment.
Accommodation Ground Floor Reception Room Kitchen Conservatory Bathroom First Floor Two Bedrooms WC Exterior The property benefits from both front and rear gardens and an outbuilding.
Viewing Appointments to be Confirmed
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About The Bays, Reepham Road, Melton Constable
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