Birchwood House, Norfolk.
- Acquisition: £1.65m freehold on 2.2 acres at High Oak Road, Wicklewood (NR18 9QP) — a five-bedroom principal residence (6,750 sqft) plus five equipped holiday-let cottages (13 beds, 4,357 sqft); 11,107 sqft across six dwellings.
- Day-one income: £270,000 p.a. — £180,000 from the five cottages (previous owner confirmed £160k from year one) plus £90,000 from the principal house as a premium short-let. 16.4% gross yield on cost, fully operational, zero capex.
- Amenities: indoor swimming pool, full-size tennis court and equipped gym — supporting exclusive estate hire at £10k–£20k per weekend (upside not in base case).
- Stabilised: £1.65m invested · £270k revenue · 16.4% gross yield on cost · turnkey from completion.
- Hold: at a 6× cap on day-one income, value reaches £1.62m; further upside through professionalised management, weddings and exclusive estate hire.