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Wellesley Road, Great Yarmouth

East of England

£500,000
Listed on 31/12/2025

Property Details

Bedrooms
24
Type
Terraced house

Description

This substantial coastal property, located in the heart of Great Yarmouth, presents a noteworthy investment opportunity for those interested in the hospitality sector or redevelopment initiatives. The Wellesley Park Hotel features 24 bedrooms, including 22 en-suites, spread across four floors, and benefits from a prime location just a short stroll from the seafront and Britannia Pier. Its adaptable layout includes spacious reception areas and a fully equipped commercial kitchen, offering ample potential for modernisation or conversion. With strong tourist footfall and proximity to local amenities, this property is well-suited for continued hospitality operations or transformation into residential units, under appropriate planning consents. The external courtyard space could also be reimagined for additional guest amenities or off-road parking. This chain-free sale allows for immediate engagement without complications, making it an excellent option for savvy investors looking to tap into Great Yarmouth's thriving tourism industry.

Investment Analysis

(NR30 area)
Area Average
£202/sq ft
Avg Rent (weekly)
£182
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR30)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -1.0%
5 year growth: 21.8%
Investment Disclaimer: Analysis based on NR30 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

Wellesley Road, Great Yarmouth
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE