We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom property · PE31 7AU
Sold STCListed 534 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well presented two bedroom holiday chalet located on the left hand side of a row of similar properties a short walk to the North Beach promenade ideal second home or holiday let Cedar Springs is a development of holiday chalets and lodges, on a very well maintain site close to the North Beach promenade which goes all the way to Hunstanton.
Heacham is a popular coastal village situated approximately 3 miles from Hunstanton and 12 miles to Kings Lynn, with regular bus services along the coast.
There are two beaches (North and South) the village centre with local amenities is just a short walk away. No 37 is located on the left hand side near the centre of the park close to parking area.
Accommodation Comprises: Entrance door to: 'L' Shaped Lounge/ Diner/Kitchen: 12' 11" x 9' 1"x18'3" max ( 3.93m x 2.76mx5.56m ) UPVC Double glazed window and entrance door.
Kitchen Area Fitted with a range of base and wall units, work surface, sink unit with electric water heater, electric cooker and fridge.
Bedroom 1: 7' 10" x 7' 7" ( 2.38m x 2.31m ) UPVC double glazed window, double bed, wardrobe and drawers.
Bedroom 2: 7'10"' x 6' ( 2.38m x 1.83m ) UPVC Double glazed window, single bed, storage unit, drop down table.
Shower Room Fitted with a tiled shower cubicle with electric shower, vanity hand basin, Separate wc, UPVC double glazed windows. Outside There is a lawned garden area to the side and rear.
Shed to the rear and small seating area to the front. Communal car parking. Tenure Leasehold for a term of 99 years from 1966 with approximately 42 years remaining.
Site fees £428.16 from 1st April - 30th September 2024, £214.08 paid 6 monthly on 1st May and 1st November, flexible additional months of November, December and the following March and October £200 or March £75 and October £75 are available.
Site fees are increased every 5 years with the next increase 1st November 2026. Holiday letting permitted. services: Mains Electric & Water (meter) council tax band: 'A' (£1555.59 25/2026)
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Cedar Springs, Bankside, Heacham PE31
Explore nearby
