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See how verdicts workProperty · PE31 7LJ
For saleListed 392 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
12 North Beach comprises a beach hut situated in the seaside village of Heacham and is located at the popular North Beach, which is a good location for families with young children or grandchildren, as the beach hut is situated nearby to amusement areas, fish bar, Silver Sands restaurant/pub for refreshments/food and public toilets.
Car parking is also available closeby.
The beach hut is situated just off the promenade, and is of timber construction with a covered veranda and double doors leading into the beach hut with daybed, table, various shelving, dresser/wine store, various pictures and outside table and chairs.
The site is held on an annual Licence from the Borough Council of King's Lynn & West Norfolk and the beach hut can be used from the 1 April to the 30 September each year.
The non-domestic rate is currently pending with the Valuation Office. The ground rent for 2024 is £705.00 (Paid in full for this year until April 1st 2025).
There is also a £15 per annum levy towards sea defences. The Council requires an administration fee of 3 times the current annual ground rent to assign the licence to the buyer.
Covered Veranda Approximately 2.66m x 0.90m (8' 9" x 2' 11") Store with shelving.
Beach Hut 3.32m x 2.67m (10' 11" x 8' 9") Double doors leading into the beach hut with daybed, table, various shelving, dresser/wine store, various pictures and outside table and chairs.
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
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FAQ
About 12, North Beach, Heacham
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