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Knitting Needle Lane, Wells-next-the-Sea

East of England

£275,000

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
1284 sqft

Description

This semi-detached bungalow offers a blank canvas for those looking to invest in a property with significant renovation potential. Located in a sought-after area of Wells-next-the-Sea, the home features an extended layout that includes two spacious double bedrooms, a galley-style kitchen, and a separate bathroom. The living room benefits from ample natural light via large windows overlooking the garden. With modernisation required throughout, buyers have the opportunity to customize and enhance the space according to their preferences. Externally, the property boasts low-maintenance gardens with shingled areas, flower beds, and patios leading to a useful covered recreational space and external storage. The property's convenient layout is enhanced by accessible amenities nearby, making it an appealing project for investors or first-time buyers looking to add their personal touch. The covered carport alongside additional courtyard space further enhances the property's functionality. Situated in a region renowned for its natural beauty and community vibrancy, this bungalow presents an exciting opportunity for those eager to inject new life into their next investment.

Investment Analysis

(NR23 area)

Below Market Value

This property is priced -51.2% below area average per sq ft

-51.2%
Potential saving
This Property
£214/sq ft
Area Average
£439/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£619,549
10% above area average per sq ft
Potential ROI
+96.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NR23)

Area prices are falling by -3.3% over the last 12 months
3 year growth: -15.7%
5 year growth: -2.0%
Investment Disclaimer: Analysis based on NR23 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

Knitting Needle Lane, Wells-next-the-Sea
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

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