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 %
- Est sale value
- 288,844.50 £Decreased by 55.13 %
- Average area rental value
- 2,042.00 £/moDecreased by 7.18 %
- Est letting value
- 825.27 £/moDecreased by 50.00 %
- Est rental Yield
- 3.57 %Increased by 7.85 %
- Crime Rate
- 12.00 %Unchanged by 0.00 %
Agent Activity
Spalding & Co marked this listing as sold.
Spalding & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Alderman Peel High School | Academy Converter | 1.16 KM | |
| Wells-Next-The-Sea Primary And Nursery School | Academy Sponsor Led | 1.68 KM | |
| Wells-Next-The-Sea Sure Start Children'S Centre | Children's Centre | 1.68 KM | |
| Walsingham Ce Va Primary School | Voluntary Aided School | Good | 7.37 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Westfield Avenue | £ 0 | 0 | 0.00 KM |
| Park Road | £ 499,950 | 0 | 0.00 KM |
| Fakenham Road | £ 650,000 | 0 | 0.00 KM |
| Greenway Lane | £ 0 | 0 | 0.00 KM |
| Cross Lane | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Council Houses, Mill Road | £ 250,000 | BUY | Unknown | 0.00 KM |
| Mill Road, Wells-next-the-Sea, NR23 | £ 1,250,000 | BUY | 7 / 10 | 0.15 KM |
| Westfield Avenue, Wells-next-the-Sea | £ 275,000 | BUY | 7 / 10 | 0.16 KM |
| Russell Close, Wells-next-the-Sea, NR23 | £ 500,000 | BUY | 7 / 10 | 0.21 KM |
| Mill Road, Wells-next-the-Sea, NR23 | £ 225,000 | BUY | 7 / 10 | 0.23 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 88 Mill Road | £ 336,000 | 0.00 KM |
| 90 Mill Road | £ 355,000 | 0.00 KM |
| 22 Bases Lane | £ 162,500 | 0.25 KM |
| 28 Bases Lane | £ 160,000 | 0.25 KM |
| 13 Russell Close | £ 365,000 | 0.26 KM |