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See how verdicts work3-bedroom semi-detached house · NR23 1BZ
Sold STCListed 247 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY: Just a short walk from the Quay, this three-bedroom semi-detached home presents an exciting chance to create something truly special.
Offered with no onward chain, it's the perfect project for those eager to put their own stamp on a property and design a home that suits their lifestyle.
The accommodation is well-proportioned, with a welcoming sitting room to the front, a kitchen/diner to the rear, and a shower room on the ground floor.
Upstairs, three double bedrooms provide ample space for family, guests, or even a home office.
Outside, you'll find an enclosed garden, along with off-road parking-an invaluable feature in such a sought-after location.
While the property requires modernisation throughout, its potential is undeniable.
With the quay, shops, and cafes all within strolling distance, and the North Norfolk coast on your doorstep, this is an opportunity not to be missed for those looking to blend convenience, charm, and creativity.
LOCATION Wells-next-the-Sea is one of the loveliest towns on the North Norfolk Coast.
Once a busy commercial port and manufacturing town between the 16th and 20th century and now a popular seaside resort for holidaymakers.
Almost the entire 50 mile stretch of coastline from Snettisham in the west to Mundesley in the east is designated as an area of Outstanding Natural Beauty and Wells is a perfectly located base from which to explore this.
From the sweeping sandy beach, bordered by pinewoods and colourful beach huts, to the bustling harbour, where you'll find children crabbing on the quay, opposite the finest fish and chips on the coast, to the pretty leafy green known as 'The Buttlands' with its warm & welcoming taverns - Wells is the perfect, family friendly seaside destination.
There are plenty of amenities including schools, a doctor's surgery, dentist, library, food stores, pubs and restaurants, as well as interesting independent boutiques and galleries.
The Maltings is a venue for art, theatre and cinema and the vibrant community organises year-round events to help keep this seaside town one of the most desirable places to live in Norfolk.
TENURE Freehold DISTRICT COUNCIL North Norfolk EPC RATING D
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
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FAQ
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