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See how verdicts work2-bedroom terraced house · NR23 1QG
Sold STCListed 284 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
58 Ashburton Close is a modern but traditionally styled mid terrace house situated on the popular Staithe Place development on the outskirts of Wells-next-the-Sea.
This is an opportunity to purchase 71% of the lease on a shared equity basis for £255,600 with no rent to pay on the unowned 29% share.
Alternatively, a 100% share of the lease can be purchased with the right to acquire the freehold for no charge. Please ask Belton Duffey for more information.
There is well presented accommodation comprising a kitchen/dining room, sitting room and cloakroom with a landing leading to 2 bedrooms and a bathroom upstairs.
The property also has the benefit of double glazed windows and doors and gas-fired central heating, with parking to the front for 2 cars and an attractive low maintenance west facing garden to the rear.
All of this combine to make 58 Ashburton Close ideal for those buyers looking for a modern coastal home close to amenities but please note that the property cannot be used for holiday lettings.
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 B. North Norfolk District Council, Holt Road, Cromer, Norfolk, NR27 9EN. Council Tax Band B.
GROUND FLOOR A partly glazed entrance door with a storm porch over and outside light leads from the front of property into the sitting room with the staircase leading up to the first floor landing.
Doors lead to the cloakroom and the kitchen/dining room with a range of contemporary fitted base and wall units and space for a dining table and chairs.
FIRST FLOOR The first floor galleried landing has an airing cupboard and doors to the 2 bedrooms and the well appointed bathroom.
OUTSIDE Number 58 is set back from Ashburton Close behind a deep shrub bed with a paved walkway leading to the front entrance door with a storm porch over and outside light.
A brickweave driveway provides parking for 2 vehicles. A tall pedestrian gate leads from the side of the terrace and to the property's west facing rear garden.
The garden has been attractively landscaped with a small paved terrace, neat lawn beyond with well stocked plant beds and a paved walkway leading to a large timber workshop/store with power and light.
Outside tap and lighting.
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
Agent & docs

FAQ
About 58, Ashburton Close, Wells-next-the-Sea, NR23
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