The Quay, Wells-next-the-Sea
SP

The Quay, Wells-next-the-Sea

By Spalding & Co

£ 475,000

Reviews

3 out of 5 stars

Spalding & Co says ..

A prominent spot, in the heart of Wells-next-the-Sea, this self-contained apartment has been a much loved home since 1998 - when the Granary was initially converted. There are 180 degree breath-taking views across the quay and marshes, a living room opening to the dining area, a kitchen, a double...

Property Oracle says ..

This one-bedroom apartment in Wells-next-the-Sea offers a unique opportunity to acquire a property in a highly sought-after coastal location. Situated on The Quay, the property boasts stunning views of the harbour and immediate access to the town’s amenities. The apartment itself appears well-maintained from the photographs, with a functional kitchen and bathroom. However, potential buyers should note the property’s lack of outdoor space, which may be a significant drawback for some. The interior is presented in a tidy manner. While further investigation into nearby property prices per square foot is necessary to definitively determine the value, the asking price reflects the desirability of its waterfront location. A key factor in determining overall value would be to understand the extent of the apartment’s ownership rights and details regarding service charges or leasehold obligations. The absence of these data points in the available information could affect any buyer’s perception of value and desirability. The nearby schools are a plus for families, pending verification of Ofsted ratings, further supporting the location’s desirability. Overall, this property presents an excellent opportunity for a single person, couple or investor looking for a coastal base in a vibrant location. However, the limited outdoor space and absence of detailed pricing data on similar properties warrant careful consideration.

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
7
Location
9
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
846.80

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
296,380.00 £
Decreased by 55.13 %
from 660,504.00 £
Average area rental value
2,042.00 £/mo
Decreased by 7.18 %
from 2,200.00 £/mo
Est letting value
846.80 £/mo
Decreased by 50.00 %
from 1,693.60 £/mo
Est rental Yield
3.57 %
Increased by 7.85 %
from 3.31 %
Crime Rate
26.00 %
Unchanged by 0.00 %
from 26.00 %

Agent Activity

  • Spalding & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Wells-Next-The-Sea Primary And Nursery SchoolAcademy Sponsor Led0.74 KM
Wells-Next-The-Sea Sure Start Children'S CentreChildren's Centre0.74 KM
Alderman Peel High SchoolAcademy Converter0.85 KM
Walsingham Ce Va Primary SchoolVoluntary Aided SchoolGood7.02 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Shrublands £ 000.00 KM
Greenway Lane £ 000.00 KM
Green Dragon Lane £ 425,00000.00 KM
Maryland £ 000.00 KM
Old Staithe Walk £ 1,250,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Quay, Wells-next-the-Sea £ 475,000BUY6 / 100.00 KM
Wells-Next-The-Sea £ 395,000BUY6 / 100.01 KM
The Quay, Wells-next-the-Sea, NR23 £ 499,950BUYUnknown0.03 KM
Standard Road, Wells-next-the-Sea £ 475,000BUYUnknown0.05 KM
Standard Road, Wells-next-the-Sea, NR23 £ 999,950BUY6 / 100.11 KM

Nearby Properties

AddressPriceDistance
Shanty Cottage £ 294,9500.08 KM
4 Ramms Court £ 330,0500.13 KM
5 Ramms Court £ 391,2050.13 KM
3 Ramms Court £ 411,5000.13 KM
14 Shop Lane £ 400,0000.15 KM