Property · PE31 7LJ
For saleReduced £13k (−52%) on 15 JulListed 386 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
3 North Beach comprises a modern built beach hut with wood grain effect blue and white cladding being situated on the North Beach.
The beach hut has a covered veranda with the facility to enclose the veranda, glazed double doors leading to the beach hut, which is insulated and has wood effect internal boarding for easy maintenance and a sink unit and hob, storage cupboards seating area/day beds and a double glazed window to rear.
The North Beach is a good location for families with young children or grandchildren and is situated nearby to amusement areas, fish bar, Silver Sands restaurant/pub for refreshments/food and public toilets.
Car parking is also available close by.
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 £139.20 per annum. The ground rent for 2023 is £........... Which has been paid up until April 2023.
(The council requires an administration fee of three times the ground rent to assign the licence to the buyer).
Veranda 2.4m x 0.91m (7' 10" x 3' 0") Option to enclosed this area with decked boarding, glazed double doors with panelling and sea views.
Beach Hut 3.08m x 2.52m (10' 1" x 8' 3") Polished granite effect worktop with sink unit, tap with water container under, adjoining 2 ring gas hob, storage cupboard under with cutlery, high level double cupboard with plate rack to side, two day beds/seating areas, hardwood table, 2 chairs and beamed UPVC clad ceiling.
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 3, North Beach, Heacham
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