Mill Road, Wells-next-the-Sea
SP

Mill Road, Wells-next-the-Sea

By Spalding & Co

£ 400,000

Reviews

3 out of 5 stars

Spalding & Co says ..

Spalding & Co. is pleased to offer unique opportunity to acquire a detached bungalow, situated on the western side of the town, on a plot totalling about 1/4 of an acre (STMS). The property requires comprehensive refurbishment, but has considerable scope for extension or redevelopment of the...

Property Oracle says ..

This property on Mill Road, Wells-next-the-Sea, presents a unique opportunity for a buyer looking for a renovation project with significant potential. Located in a sought-after coastal town, the property benefits from a sizeable land area, making it attractive for those seeking space and privacy. However, buyers should be prepared for a substantial investment in renovations. The property’s condition requires extensive work in all areas, including the kitchen and bathrooms which are dated. The photographs suggest a property needing modernisation throughout. The lack of detailed information about the plot size and the lack of transport data may cause some buyers pause. Overall, a careful assessment is required to balance the cost of renovation against the property’s location and potential. Further details, including a full survey and a review of recent comparable sales in the area adjusted for condition, are crucial before a final assessment can be made.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
6
Bedrooms
2
Bathrooms
1
Sqft (est)
825.27

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
686,107.00 £
Decreased by 13.94 %
from 797,268.00 £
Est sale value
288,844.50 £
Decreased by 55.13 %
from 643,710.60 £
Average area rental value
2,042.00 £/mo
Decreased by 7.18 %
from 2,200.00 £/mo
Est letting value
825.27 £/mo
Decreased by 50.00 %
from 1,650.54 £/mo
Est rental Yield
3.57 %
Increased by 7.85 %
from 3.31 %
Crime Rate
12.00 %
Unchanged by 0.00 %
from 12.00 %

Agent Activity

  • Spalding & Co marked this listing as sold.

  • Spalding & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Alderman Peel High SchoolAcademy Converter1.16 KM
Wells-Next-The-Sea Primary And Nursery SchoolAcademy Sponsor Led1.68 KM
Wells-Next-The-Sea Sure Start Children'S CentreChildren's Centre1.68 KM
Walsingham Ce Va Primary SchoolVoluntary Aided SchoolGood7.37 KM

Images

IMG_3095 IMG_3121 IMG_3094 4 IMG_3110 IMG_3119 IMG_3113 IMG_3090 IMG_3098 IMG_3099 IMG_3112 IMG_3103

Nearby Streets

NameAverage PriceAverage SqftDistance
Westfield Avenue £ 000.00 KM
Park Road £ 499,95000.00 KM
Fakenham Road £ 650,00000.00 KM
Greenway Lane £ 000.00 KM
Cross Lane £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Council Houses, Mill Road £ 250,000BUYUnknown0.00 KM
Mill Road, Wells-next-the-Sea, NR23 £ 1,250,000BUY7 / 100.15 KM
Westfield Avenue, Wells-next-the-Sea £ 275,000BUY7 / 100.16 KM
Russell Close, Wells-next-the-Sea, NR23 £ 500,000BUY7 / 100.21 KM
Mill Road, Wells-next-the-Sea, NR23 £ 225,000BUY7 / 100.23 KM

Nearby Properties

AddressPriceDistance
88 Mill Road £ 336,0000.00 KM
90 Mill Road £ 355,0000.00 KM
22 Bases Lane £ 162,5000.25 KM
28 Bases Lane £ 160,0000.25 KM
13 Russell Close £ 365,0000.26 KM