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See how verdicts work3-bedroom bungalow · PE33 9HE
Listing removedListed 130 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very unique, yet exciting, residential development opportunity involving the partial conversion of a detached barn that as well as standing in around ½ of an acre of grounds (subject to measured survey) also includes a building plot.
Peacocks Barn: This substantial building had some conversion undertaken forming an upstairs living area.
This therefore provides a habitable space that offers generous accommodation in its own right including sitting room, 3 bedrooms, dining room, kitchen and bathroom.
The downstairs has had some works undertaken including replacement floor to ceiling windows, some structural works and still displays exposed brick and stonework to some walls.
Overall, there is an internal footprint equating to around 2500 square feet and has the potential to become an impressive home.
Building Plot: Full planning permission was originally granted in 2015 for the construction of a detached, 3 bedroom bungalow.
In 2019, further conditions were discharged and footings are visible still in the ground.
The site therefore needs a complete build and further information is available on the klwnbc website using the planning reference 15/01500/F.
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 Peacocks, Lynn Road, King's Lynn
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