Modern Method of Auction
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See how verdicts work2-bedroom house · PE37 8JR
For saleReduced £10k (−6.7%) on 23 OctListed 142 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary village location>> A spacious 2 bedroom terraced cottage, located in the semi-rural village of North Pickenham.
The property benefits from a lounge, dining area with multi fuel burning stove, modern fitted kitchen, good sized master bedroom, single bedroom and first floor family bathroom!
Description We are pleased to present to the market this 2 bedroom property in the heart of the sought after and well regarded village of North Pickenham, with easy links to neighbouring villages and the bustling market town of Swaffham.
With opportunity for decorative modernisation, in brief the ground floor accommodation comprises of; Lounge with feature fireplace, dining area with multi fuel burner and stairs rising to the first floor.
Modern fitted kitchen with integrated appliances.
This is complimented on the first floor by a good sized master bedroom with fitted wardrobes, single second bedroom which could be utilised as an office space and the family bathroom.
Outside there is an enclosed rear garden with access to the front of the property to the side additional to the front door.
Coupled with this accommodation, the property further benefits from gas fired water heating supply which could be adapted to central heating & double glazed windows throughout.
Appealing to an assortment of buyers, an internal inspection is advised to appreciate all this property has to offer! Auctioneer's Comments This property is offered through Modern Method of Auction.
Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Accommodation: Part glazed entrance door opening to: Lounge Feature fireplace with stone hearth and timber surround, television and telephone points, built-in storage cupboard, UPVC double glazed window to the front aspect along with the front entrance door, internal door opening to: Dining Area Tiled flooring, multi fueld burner with stone hearth, under stairs storage cupboards, concealed stairs rising to the first floor.
Kitchen A range of floor and wall mounted kitchen units with work surfaces over, built-in eye level electric oven, electric hob with cooker hood over, inset stainless steel sink and drainer with mixer taps over, tiled splashbacks and surround, space and plumbing for washing machine, under counter fridge and freezer, tiled flooring, timber framed double glazed window to the rear aspect, two external doors opening to the rear garden.
First Floor Landing Carpet flooring, internal doors opening to all first floor rooms. Master Bedroom Original wood flooring, built-in wardrobes, UPVC double glazed window to the front aspect.
Bedroom 2 Original wood flooring, UPVC double glazed window to the rear aspect.
Family Bathroom Suite comprising low level w.c., pedestal hand wash basin, panelled bathtub with mixer taps over and additional hand held shower attachment, half height tiled walls, wood effect flooring, UPVC double glazed obscure glass window to the rear aspect.
Outside The property is approached from the road via a shared passageway providing access to the rear garden.
The rear garden has a paved patio seating area directly outside the kitchen doors, with a further shingle area leading to the rear where a paved pathway leads to a timber built storage shed.
The garden is bordered by established evergreen shrubs, plants and a retained timber fence.
Location North Pickenham is a semi-rural mid-Norfolk village situated just 4 miles from the historic market town of Swaffham. The village has a karting centre, a church and a playing field.
The former primary school is now running as a community hub, providing regular meetings and events including bingo, carpet bowls, table tennis and a youth club & quiz nights, to name a few.
Further amenities and facilities can be found in nearby Swaffham, which is a bustling town with a range of amenities including doctors and dental surgeries, primary and secondary schools, supermarkets, smaller independent shops, public library, golf club and the imposing church of Saint Peter and Saint Paul at the heart of the town, as well as the thriving Saturday market.
Council Tax Band This property is Council Tax band A. Please note that once a sale takes place, the Council Tax banding will be reviewed and may be subject to change.
Agents Note The seller has made us aware of a flying freehold over the shared passageway. More information can be obtained from your solicitor at the time of conveyancing.
Directions Leave Swaffham via North Pickenham Road and continue along for a few miles, taking the first turning for the village, signposted 'North Pickenham'.
Proceed along through the village along 'The Street' and the property will be found on the right hand side, identified by our William H Brown "For Sale" board. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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FAQ
About 2, The Street, Swaffham
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