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See how verdicts work3-bedroom house · NR23 1AQ
Sold STCReduced £50k (−9.1%) on 25 OctListed 150 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY: Positioned in the heart of Wells-next-the-Sea, just yards from the Quay, this Georgian brick & flint property offers a fantastic opportunity to acquire a charming coastal home, in one of North Norfolk's most sought-after locations.
Arranged over three floors and benefiting from the rare advantage of private parking, the property would make an ideal retreat.
The cottage is full of original features and period character throughout, including sash windows, exposed beams, panelled walls and fireplaces.
Whilst already appealing and atmospheric, the property would now benefit from cosmetic improvement, particularly to the kitchen and bathroom areas, allowing a new owner the chance to put their own stamp on the home.
ACCOMMODATION: The ground floor provides an open-plan kitchen, dining and living space, creating a sociable layout, ideal for family gatherings and coastal getaways.
This room is packed with character; from the Georgian sash windows and panelled walls to the pine flooring and the log burner style gas fire, which creates a focal point for the room.
The layout flows well for modern living, with easy access out to the garden adding to the sense of connection between the indoor and outdoor spaces.
Whilst the kitchen area is functional, it would now benefit from replacement to fully maximise the potential of the space.
Also located on the ground floor is a useful entrance hall which provides access to a cloakroom.
A traditional Norfolk winder staircase leads to the first floor landing, which provides access to two bedrooms and the family bathroom.
Both bedrooms continue the characterful theme; with a fireplace, sash windows and wall panelling. The bathroom is serviceable but would now benefit from updating.
Occupying the entire of top floor is the principal bedroom - a bright and airy space enhanced by dual aspect windows, elevated views and a vaulted ceiling with original oak beams.
This room offers excellent proportions but has scope for further enhancement.
OUTSIDE: The external areas are low maintenance - To one side of the property is a small courtyard with access to an outdoor utility and store room.
To the east of the house is a gravelled garden with a selection of mature shrubs and space for outdoor seating and a BBQ.
A particularly valuable feature for such a central Wells location is the inclusion of private parking - a genuine rarity this close to The Quay and a major advantage of the property.
SERVICES: All mains services are connected to the property. Central heating is gas fired. DISTRICT COUNCIL: North Norfolk. Council Tax Band: B.
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.
VIEWING: By Appointment Through The Sole Agents, Spalding & Co., Office Opening Hours: Monday - Friday: 9:00 a.m. - 5:00 p.m. Saturday: 9:30 a.m. - 12:30 p.m.
AGENT NOTE: There are pedestrian rights of way to the west of the property.
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
About Staithe Street, Wells-next-the-Sea
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