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Renfield, Coast Road, Weybourne

East of England

£425,000
Listed on 18/11/2024

Property Details

Bedrooms
4
Type
Semi Detached
Area
1600 sqft

Description

This spacious four-bedroom semi-detached property, set in an elevated position with picturesque countryside views, presents a significant renovation opportunity. Located on the outskirts of Weybourne village, this brick and flint home is surrounded by agricultural fields and offers glimpses of the sea. Currently requiring a complete refurbishment, it holds the potential to be transformed into an exceptional family residence or investment property. The sought-after village boasts amenities including a delightful gastro pub and a delicatessen, with stunning beaches just a short walk away. The ground floor features multiple rooms that can serve as reception areas or bedrooms, accompanied by a large kitchen/breakfast room and a bathroom. On the first floor, two additional bedrooms share space with a generous reception room that showcases expansive windows framing the lovely countryside vistas. A further kitchen and shower room are also located on this level. The second floor provides loft storage spaces, adding to the home's versatility. Externally, the property benefits from a spacious driveway accommodating several vehicles, while the rear garden is significantly sized and backs onto open fields, enhancing its appeal with tranquil views. Mains drainage, water, and electricity are connected; however, the condition of the photovoltaic solar panels is currently unknown. This property is not subject to any upward chain and allows for immediate consideration for renovation projects in one of East England's charming coastal villages.

Investment Analysis

(NR25 area)

Below Market Value

This property is priced -32.4% below area average per sq ft

-32.4%
Potential saving
This Property
£266/sq ft
Area Average
£393/sq ft
Avg Rent (weekly)
£320
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£692,032
10% above area average per sq ft
Potential ROI
+27.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (NR25)

Area prices are falling by -9.6% over the last 12 months
3 year growth: -21.0%
5 year growth: -3.3%
Investment Disclaimer: Analysis based on NR25 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Renfield, Coast Road, Weybourne
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,505
Based on a loan of £318,750 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Price History

-5.6% since listed
£425,000£25,000(-5.6%)
02/07/2025
Current price
£450,000Initial listing
17/11/2024

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