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See how verdicts workHouse · NR23 1DR
Sold STCListed 9 days
Opportunity summary
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About
Beach Hut 208 at Wells-next-the-Sea is an attractive painted timber beach hut, accessed via wide steps leading to an open verandah and secure, lockable door.
Inside, the hut with dual aspect windows is well presented and equipped with fitted base cupboards, worktop incorporating a basin and 2 ring calor gas hob, shelving, fold down table and additional storage, providing practical space for beach essentials.
Ideally situated, being the penultimate beach hut before the sand dunes leading westwards towards Holkham, Beach Hut 208 has a panoramic beach vista and is ideal as a 'base camp' for families enjoying all that the area has to offer.
A water tap for drinking and cooking use is close by as is the beach lavatory block with a path from the pinewoods behind the beach making access to the hut with the day's provisions easier than across the sand.
The site is sold under an annual Licence Agreement through Holkham Holiday Parks Limited trading as Pinewoods and may be used for rest, recreation and bathing but not for overnight stays.
The Licence is reviewed annually and full details of the Agreement are available for inspection at Belton Duffey's office.
A commission is payable by the purchaser to Pinewoods on completion of sale of 15% of the sale price (plus VAT) this is included in the guide price.
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.
A water tap is available on the beach. EPC Rating Band Not Applicable. North Norfolk District Council, Holt Road, Cromer, Norfolk, NR27 9EN. Council Tax Band n/a (registered for Business Rates).
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About The Beach, Wells-next-the-Sea, NR23
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