Wells-next-the-Sea
SO

Wells-next-the-Sea

By Sowerbys

£ 1,750,000

Reviews

2 out of 5 stars

Sowerbys says ..

Overlooking the iconic Wells-Next-The-Sea quayside and coast, this property is a rare opportunity.

Property Oracle says ..

The property is located in Wells-next-the-Sea, Norfolk, a charming coastal town in North Norfolk. The area boasts a picturesque harbour and is known for its beautiful beaches and tranquil atmosphere. The proximity to the Quay suggests a desirable location with potential water views, which are often highly sought after. The presence of nearby schools, including Alderman Peel High School and Wells-Next-The-Sea Primary and Nursery School, adds to the family-friendly appeal of the area. While specific details on transportation links are absent, the coastal location may offer access to bus routes or nearby railway stations.

Based on the provided images, the property appears to be in generally good condition. The interior shows a relatively modern and well-maintained finish. The kitchen and living areas seem updated, while the bedrooms present a clean and functional space. However, some areas, such as the attic space, appear to be unfinished or require further attention. A more detailed inspection would be needed to fully assess the property’s condition.

The listing does not specify the presence of a garden or outdoor space. The plot size is listed as 0.00 sqft, suggesting a lack of significant land. This may be a drawback for buyers seeking outdoor space.

The list price of £1,750,000 for a property with 3,925.92 sqft is significantly higher than the average price of £442,500 for properties in the area. Considering the average price per sqft of £435, the property’s price seems high. However, the lack of plot size information and the absence of comparable properties with similar square footage makes a definitive price assessment challenging. The higher price may be justified by the property’s location on The Quay, potential sea views, and the overall condition of the interior. Further analysis of comparable properties in the immediate vicinity with similar features would be necessary to accurately assess the value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
4
Condition
7
Location
9
Land
3
Bedrooms
4
Bathrooms
1
Sqft (est)
3,925.92

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
1,374,072.00 £
Decreased by 55.13 %
from 3,062,217.60 £
Average area rental value
2,042.00 £/mo
Decreased by 7.18 %
from 2,200.00 £/mo
Est letting value
3,925.92 £/mo
Decreased by 50.00 %
from 7,851.84 £/mo
Est rental Yield
3.57 %
Increased by 7.85 %
from 3.31 %
Crime Rate
30.00 %
Unchanged by 0.00 %
from 30.00 %

Agent Activity

  • Sowerbys created the listing.

Nearby Schools

NameTypeOfstedDistance
Alderman Peel High SchoolAcademy Converter0.87 KM
Wells-Next-The-Sea Primary And Nursery SchoolAcademy Sponsor Led0.93 KM
Wells-Next-The-Sea Sure Start Children'S CentreChildren's Centre0.93 KM
Walsingham Ce Va Primary SchoolVoluntary Aided SchoolGood7.16 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Greenway Lane £ 000.00 KM
Green Dragon Lane £ 425,00000.00 KM
Shrublands £ 000.00 KM
Park Road £ 499,95000.00 KM
Old Staithe Walk £ 1,250,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Wells-next-the-Sea £ 1,750,000BUY5 / 100.00 KM
Wells-next-the-Sea £ 1,750,000BUY4 / 100.00 KM
The Glebe, Wells-next-the-Sea, NR23 £ 250,000BUY4 / 100.13 KM
The Glebe, Wells-next-the-Sea, NR23 £ 399,950BUY6 / 100.14 KM
The Glebe, Wells-next-the-Sea, NR23 £ 435,000BUY6 / 100.14 KM

Nearby Properties

AddressPriceDistance
4 Red Lion Yard £ 345,0000.06 KM
10 Glebe Road £ 302,5000.11 KM
59a Staithe Street £ 287,5000.14 KM
61a Staithe Street £ 190,0000.14 KM
9 The Glebe £ 470,0000.15 KM