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See how verdicts work4-bedroom terraced house · NR23 1BY
For saleListed 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY: A four-bedroom terraced house requiring modernisation throughout, which been owned by the same family since 1993 is now being offered for sale with no onward chain.
The property provides a living room, kitchen and bathroom to the ground floor and four bedrooms at first floor level.
Front and rear gardens face east and west, making the most of both the morning and evening sun.
GROUND FLOOR: An entrance lobby with stairs to the first floor also provides access to the living room, which is a good-sized space with two windows to the front, a fireplace and a useful built-in storage cupboard beneath the stairs.
The kitchen overlooks the rear garden and provides the opportunity for refurbishment, enabling a buyer to design a room to their taste .
A lobby leads from the kitchen to the rear garden and the ground floor bathroom. The bathroom also requires updating but provides the practical space to facilitate a new suite.
FIRST FLOOR: The landing gives access to four bedrooms, providing a good degree of flexibility for a new owner.
Some of the bedrooms retain their original feature fireplaces, adding an interesting reminder of the property's history and offering scope for these to be incorporated into a future renovation.
OUTSIDE: The property has gardens to both the front and rear, which are currently very overgrown and require considerable attention.
However, someone with the right vision could transform the outside space into their own sanctuary.
The rear garden is about 75ft long and with the right approach, could become a great garden to complement the house.
There is no private parking, but public on street parking is available at the front. SERVICES: All mains services are connected to the property Heating is provided by electric radiators.
DISTRICT COUNCIL: North Norfolk. Council Tax Band: B. LOCATION: Wells-next-the-Sea is one of the loveliest towns on the North Norfolk Coast.
Once a busy commercial port and manufacturing town between the 16th and 20th century and now a popular seaside resort for holidaymakers.
Almost the entire 50 mile stretch of coastline from Snettisham in the west to Mundesley in the east is designated as an area of Outstanding Natural Beauty and Wells is a perfectly located base from which to explore this.
From the sweeping sandy beach, bordered by pinewoods and colourful beach huts, to the bustling harbour, where you'll find children crabbing on the quay, opposite the finest fish and chips on the coast, to the pretty leafy green known as 'The Buttlands' with its warm & welcoming taverns - Wells is the perfect, family friendly seaside destination.
There are plenty of amenities including schools, a doctor's surgery, dentist, library, food stores, pubs and restaurants, as well as interesting independent boutiques and galleries.
The Maltings is a venue for art, theatre and cinema and the vibrant community organises year-round events to help keep this seaside town one of the most desirable places to live in Norfolk.
What3words:badminton.refreshed.geek AGENTS NOTE: The property is subject to a 157 Restriction, limiting occupation to those who have lived or worked in Norfolk for the preceding 3 years.
VIEWING: By Appointment Through The Sole Agents, Spalding & Co., Office Opening Hours: Monday - Friday: 9:00 a.m. - 5:00 p.m. Saturday: 9:30 a.m. - 12:30 p.m.
Value & comps
No previous sales on record.
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 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.
Area
Agent & docs

FAQ
About Westfield Avenue, Wells-next-the-Sea, Norfolk
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