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See how verdicts work2-bedroom property · NR29 4HW
For saleReduced £5k (−16.7%) on 2 SepListed 785 days
Opportunity summary
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About
Aldreds are pleased to offer this superbly presented 2 bedroom semi detached bungalow sitting on the popular Florida Holiday Park in the coastal village of Hemsby which has been run as a successful holiday let.
This chalet offers accommodation including open plan lounge/dining/kitchen area, two bedrooms, bathroom and separate wc. The property benefits from uPVC double glazed windows and has electric heaters.
Outside there are communal lawned grounds and parking nearby. Close to local amenities. Offered with no onward chain.
Open Plan Living/Dining/Kitchen Living/Dining Area (3.84 x 3.83 (12'7" x 12'6")) Part double glazed uPVC entrance door to front, double glazed window to front aspect, wall mount tv, carpeted flooring, wall mount plasma style electric fire, fitted breakfast bar seating area, open access to:- Kitchen Area (2.16 x 1.83 (7'1" x 6'0")) Double glazed window to side aspect, range of wood grain fitted kitchen units with roll top work surface, integrated electric oven and hob, stainless steel sink and drainer, part tiled walls, recess with fridge, tile effect vinyl flooring.
Bedroom 1 (2.97 x 2.87 (9'8" x 9'4")) Plus built in storage cupboard, double glazed window to rear aspect, wall mounted electric heater, bunk beds, carpeted flooring, drawers.
Bedroom 2 (2.97 x 2.87 (9'8" x 9'4")) Plus built in storage cupboard, double glazed window to rear aspect, double bed, carpeted flooring.
Bathroom White suite with panel bath and new electric shower over, new vanity unit with wash basin, part tiled walls, frosted double glazed window to side aspect, tiled flooring, door to: Cloakroom White low level wc, frosted double glazed window to side aspect, tiled flooring.
Outside The chalet sits in communal lawned gardens which face a westerley direction with parking nearby. Tenure Leasehold. 99 years from 06.04.1969. Site opens from 1st March to 31st October.
Ground rent and maintenance/service charges for 2024 tbc No dogs allowed. Services Mains water, electric and drainage.
Location Hemsby is a coastal village approximately 7 miles north of Great Yarmouth. The tourist-based part of the village lies along Beach Road and is commonly known as Hemsby Beach.
At the beach end of the road are a number of cafes, shops and amusement arcades, ten-pin bowling, bingo, a play area and many different machines.
A variety of seaside-style cafes and restaurants are available, offering sit-down meals, take-away fish and chips and Chinese food.
Fun fairs, crazy golf courses and children's rides also feature on a number of sites along the street.
Directions From the Yarmouth office head north along the A149 Caister Road, continue past the Yarmouth Stadium, at the roundabout turn left onto the Caister Bypass, continue over the next roundabout into Jack Chase Way, continue over the next roundabout into Scratby Road, continue into Yarmouth Road, turn right into Newport Road, continue for approximately 200 yards turn left into Market Lane, take the second turning on the right into the Florida Holiday Park, follow the road slightly to the right where the chalet can be found on the left hand side.
Ref: Y12165/07/24/Cf
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 138 Florida Park, Back Market Lane, Great Yarmouth
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