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See how verdicts work3-bedroom detached house · NR11 7QF
Listing removedReduced £15k (−3.2%) on 20 MayListed 232 days
Opportunity summary
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About
*NO ONWARD CHAIN* A substantial detached home situated on a generous sized plot within the picturesque village of Erpingham, with two detached garages and an outbuilding perfect for a home office/studio; the property offers fantastic potential.
Description - Ideally positioned within the village of Erpingham off of a quiet track and surrounded by countryside, this substantial detached home it positioned within generous grounds measuring just under 0.4 acres of mature gardens with off road parking, two detached garages and a further brick built outbuilding which could be converted into a home office or studio space.
Whilst the property does require modernisation it offers fantastic potential with three reception rooms, including a living room and dining room both with open fireplaces, kitchen/breakfast room, utility room/storage room, a shower room and separate bathroom with three bedrooms and a cloakroom to the first floor.
Bedroom One - A dual aspect room with windows to front and rear aspect, carpet and radiator. Bedroom Two - Dual aspect with window to front and rear, carpet, radiator.
Bedroom Three - Window to front, carpet, radiator First Floor Landing - Window to rear aspect, carpet, door to:- Cloakroom - WC, pedestal wash hand basin, wooden flooring, extractor fan.
Entrance Porch - Tiled flooring, timber framed door to front entrance with window to side, timber door to kitchen Kitchen/Breakfast Room - A triple aspect room with windows to front and both side aspect, vinyl flooring, built in cupboard, stainless steel sink and drainer, electric oven, space and plumbing for washing machine.
Dining Room - Window to rear aspect, brick fireplace place with open fireplace, carpet, radiator.
Hallway - Timber framed door with decorative glass to front porch, carpet, radiator, built in storage cupboard.
Bathroom - Window with decorative glass to rear, bath with electric shower over, WC, vanity with wash hand basin, tiled flooring, radiator.
Living Room - Window to front aspect, open fireplace with ceramic tiled hearth and mantle, carpet, radiator, door to:- Garden Room - Two windows to rear aspect, timber framed door to side, carpet, radiator.
Reception Room / Bedroom - Timber framed doors to side aspect, carpet, brick fireplace. This room is currently used as a bedroom.
Door to:- Utility/Storage Room - Base units with stainless steel sink and drainer, window to front aspect, door to:- Shower Room - Shower cubicle with electric shower, wash hand basin, window to side aspect External - The property features off road parking, two detached garages, both with timber framed double doors and one with power and lighting.
There is a further detached outbuilding which has a double glazed window, carpet and power and could be used as a studio/home office.
The plot measures just under 0.4 acres with lawned areas and a variety of established tress and shrubs. Agents Notes - This property is Freehold. Mains drainage, electricity and water connected.
Oil fired central heating. Council tax band: E
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About Blacksmiths Lane, Erpingham
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