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See how verdicts work2-bedroom house · NR23 1BX
Listing removedListed 272 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Quietly situated in a traffic free head of cul-de-sac location, yet within easy walking distance of the quay or town centre this modern detached bungalow has been improved in recent years but still retains scope for cosmetic attention and to personalise according to budget and specification.
All main rooms are off the entrance hall which is accessed off a small lobby, the well proportioned sitting room, with fireplace overlooks the front garden and the spacious dual aspect kitchen/diner leads directly to the rear garden.
There are two double bedrooms and the re-fitted wet room/shower room is ideal for those who may have mobility challenges. Other benefits include gas to radiator central heating and double glazing.
To the front of the property there is an attractive hard landscaped ornamental garden and long private driveway to the garage which provides ample off street parking, the garage is a large single with workshop area and access to the rear garden.
To the rear is an enclosed suntrap south backing garden with large greenhouse and side garden with gated access to the front. This property is being sold chain free.
Wells-next-the-Sea has been a commercial and fishing port for nearly 600 years and still supports a thriving fishing fleet bringing in a catch of, predominantly, shellfish sold locally on the quayside and in nearby restaurants.
With a growing number of leisure craft moorings, a lively, sociable sailing club, harbour and sea fishing trips, the town caters for every type of water activity including “gillying” - crabbing on the quayside.
Situated a mile from the Quay, the extensive sandy beach is often ranked as one of the top 10 in the country by travel journals.
Set against a backdrop of Corsican pinewoods, the stunning beach is home to the much publicised, iconic colourful beach huts, which are available to buy or can be rented daily.
From the top of town down to the Quay, Staithe Street provides visitors and locals with a wide variety of shops, cafes, galleries and speciality food stores.
For entertainment, the recently opened Wells Maltings offers live entertainment and exhibitions, whilst alongside the Quay, are all the usual popular traditional seaside attractions.
Alongside coastal scenery, wildlife and water sports, the town has a primary and secondary school – both rated Good by Ofsted - as well as a library, doctor’s surgery and cottage hospital providing a range of accessible and integrated health and well-being services.
Mains water, mains drainage and mains electricity. Gas-fired central heating to radiators. EPC Rating Band C. North Norfolk District Council, Holt Road, Cromer, Norfolk, NR27 9EN. Council Tax Band D.
ACCOMMODATION A small entrance lobby leads into the entrance hall with useful storage cupboard and hatch access to the loft space, doors lead to the principal rooms including the good sized lounge with front aspect and fireplace.
The re-fitted kitchen dining room is to the rear of the property being dual aspect and having direct access to the garden.
There is space for a dining table, recess for cooker, space and plumbing for an automatic washing machine and a wall mounted gas fired boiler.
Both bedrooms are double in size, one with fitted wardrobes and the wet room/shower room has been re-fitted and configured for those with mobility issues.
OUTSIDE The property is quietly positioned at the head of the cul-de-sac on a mature plot backing south.
To the front a private driveway leads to the garage and provides additional off road parking. The ornamental front garden is hard landscaped for ease of maintenance.
The rear garden is enclosed and secure with neat lawned area and shrub borders. There is also a side garden area with large greenhouse and there is a storage shed.
The garden is fenced to the boundaries with gated access to the front. The garage is a large single with up and over door, workshop area, power connected and rear access to the garden.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Russell Close, Wells-next-the-Sea, NR23
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