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See how verdicts work3-bedroom terraced house · PE38 0NB
Sold STCReduced £20k (−20%) on 26 OctListed 252 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY ONLINR AUCTION ON TUESDAY 12TH MAY TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE A three bedroom end of terrace house in need of full modernisation This three bedroom end of terrace house located in the village of Southery requires full modernisation.
The property briefly comprises entrance hall, lounge/dining room, kitchen, utility and cloakroom to the ground floor. To the first floor there are three bedrooms and a bathroom.
Outside there are front and rear gardens.
Located in the village of Southery, near to Downham Market, the property is close to a range of amenities, including shops, supermarkets, restaurants, pubs, and schools.
There is access to the A10 and mainline railway stations can be found at both Downham Market and Littleport. NB. there is currently no fitted kitchen or wc connected.
Ground Floor Entrance hall, lounge/dining room, kitchen, utility room and bathroom First Floor Three bedrooms, bathroom Outside Front and rear gardens Council Tax Band A Tenure: Freehold EPC Rating: C Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1800 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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
FAQ
About 15 Recreation Drive, Southery, Downham Market, Norfolk PE38 0NB
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