2-bedroom terraced house · NR35 1BY
Sold STCListed 283 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD PRIOR TO AUCTION Two bedroom mid-terrace house ideal for first time buyer or investor This two bedroom mid-terrace house is situated on the edge of the popular market town of Bungay, within walking distance of the town centre and its amenities.
The accommodation comprises a sitting room with a front-facing aspect and feature brick fireplace, leading through to the kitchen with granite work surfaces and an integral oven and hob.
The kitchen gives access to the WC/shower room, fitted with a walk-in shower. To the first floor are two bedrooms off a landing. The main bedroom benefits from large fitted wardrobes.
The property has a bisected rear garden with an outbuilding providing additional storage.
Accommodation Lounge, two bedrooms, kitchen, shower room/WC Outside Bisected rear garden with outbuilding Council Tax Band A Viewing Viewings are being offered by appointment only on the following days Monday 26th January{tab}{tab} Thursday 29th January{tab} Monday 2nd February{tab}{tab} Wednesday 4th February{tab} Please contact the Norwich Office to book your appointment time Tenure: Freehold EPC Rating: C Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £600 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
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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 47 Lower Olland Street, Bungay, Norfolk NR35 1BY
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