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 house · NR23 1BY
Listing removedReduced £15k (−7%) on 21 JunListed 186 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pleasantly situated in a popular location within walking distance of the town centre and all amenities this older style end of terrace is offered for sale chain free and requiring general modernisation/improvement.
The accommodation, which is double glazed and benefits from gas to radiator heating includes entrance hall, living room, kitchen, rear lobby, ground floor bathroom, landing and two first floor bedrooms, although bedroom one is currently sub-divided and would not comply with building regulations.
Outside there are gardens to the side and rear which offer extension potential, subject to the required consents, and off road parking for a number of vehicles.
Please note that there is a pedestrian right of way across the rear of number 20 to the benefit of number 18 Westfield Avenue.
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 D. North Norfolk District Council, Holt Road, Cromer, Norfolk, NR27 9EN. Council Tax Band A.
Ground Floor A twin light panelled front door leads to an entrance hall with staircase rising to the first floor and a door leading to the bright and spacious living room with window to front, fireplace and understairs storage cupboard.
To the rear is the kitchen, which does require re-fitting, a lobby giving access to the rear garden and the ground floor bathroom, again requiring updating.
First Floor Off the first floor landing there are two bedrooms to front and rear, although bedroom one is currently sub-divided by a partition wall into two rooms, one without natural light.
Bedroom two overlooks the rear garden.
Outside The property benefits from a generous plot with mature rear garden, which does require a degree of cultivation and side gravel garden providing off road parking for a number of vehicles.
There is scope for extending the current accommodation, subject to the required consents, but it should be noted that number 18 has a pedestrian right of way across the rear of number 20 and this will need to be taken account of.
Agents Notes The vendor Flagship Housing does require offers to be accompanied by a completed Declaration of Interest form which is available from Belton Duffey.
In cases where applicants are purchasing the property with cash funds, the vendor also requires exchange and completion to take place within 28 days of an offer being accepted and reserves the right to abort the sale if this condition is not met.
The property must be marketed for a minimum of 14 days before any offers are to be considered.
Please also note that all properties built before 2000 will have some degree of asbestos, a report may be available to obtain from Flagship but buyers are encouraged to conduct their own searches.
There is an engrossment fee of £150 payable by the purchaser upon completion.
Flagship have requested a Regulated Drainage & Water Search and a Regulated Local Authority Search, the cost of which the Buyer will be responsible for on completion.
A clause to this effect will be included in the sa...
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
.png)
FAQ
About 20, Westfield Avenue, Wells-next-the-Sea
Explore nearby