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See how verdicts work2-bedroom bungalow · IP25 6EW
Sold STCListed 282 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDY 11 FEBURARY AT 10AM TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE Two bedroom detached bungalow within established residential area of Watton.
Recently sustained some internal water damage and now requires repair and reinstatement works.
Good sized two bedroom bungalow within the market town of Watton with attached garage and further driveway for parking, and front and rear gardens.
The bungalow recently suffered burst water pipes and now requires some repair works primarily to the kitchen and back bedroom located nearest the leak.
Providing an excellent opportunity for builders/developers or owner occupiers to refurbish to their own specification.
Once repaired, the property would make an excellent home for those seeking single storey living. Offered for sale on instruction of executors.
Accommodation Entrance porch, lounge, kitchen, two double bedrooms off hallway, shower room with adjoining garage.
There is further driveway parking at the front, with gardens both front and rear mostly gravelled.
Council Tax Band B Viewing Open viewings are arranged anmd the next are on : Tuesday 3 February Thursday 5 February. Please call the Norwich office to book an appointment.
Tenure: Freehold EPC Rating: D Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1140 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.
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
FAQ
About 101 Nelson Court, Watton, Thetford, Norfolk IP25 6EW
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