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See how verdicts work2-bedroom semi-detached house · NR29 3AJ
Sold STCListed 296 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £132,000 Two bedroom semi detached cottage in need of refurbishment close to the beach This charming two bedroom semi detached cottage has a combination of oil fired and electric heating.
It has been in the same ownership for 40 years and is now to be sold with vacant possession.
It benefits from off road parking and requires a program of modernisation and improvement to realise its full potential. The property is located around a third of a mile from a sandy beach.
Ideal for owner occupation, holiday let or second home. On instruction of executors.
Note As per the title of the property the right of way on the track on the right hand side of the property is on foot only up to the fence and anything beyond the fence is the ownership of the property to the rear.
There is no access by vehicle and it is on foot only.
Ground floor Entrance hall, kitchen, sitting room, garden room First floor Landing, two bedrooms, wc Outside Off road parking space at front, rear garden in need of attention Council Tax Band B Viewings Open viewings are arranged for the following days: Friday 6 February To book an appointment please call the Norwich office.
Tenure: Freehold EPC Rating: F Administration Fee: £1200 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 Spring Cottage, 58 Beach Road, Scratby, Great Yarmouth, Norfolk NR29 3AJ
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