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Maryland, Wells-next-the-Sea

East of England

£375,000

Listed on 02/09/2026

The listing

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1013 sqft

Description

This detached bungalow, set on a generous plot of approximately 0.2 acres, presents an exciting opportunity for redevelopment, subject to obtaining the necessary consents. Located less than 500 meters from The Quay in Wells-next-the-Sea, this property is ideally situated for those looking to explore the stunning North Norfolk coastline. Wells-next-the-Sea is celebrated for its picturesque charm, transitioning from a bustling commercial port to a sought-after seaside resort. The town boasts a beautiful sandy beach, vibrant harbor, and a variety of local amenities including schools, shops, and dining options. The community is active with year-round events, making it a desirable location for families and holidaymakers alike. The property benefits from all mains services and is heated via electric night storage heaters. With no onward chain, this bungalow offers a blank canvas for potential buyers to create their ideal home or investment.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

53out of 100
Grade DWeak opportunity

Confidence: MEDIUM

This detached bungalow offers a unique opportunity for renovation on a generous plot of 0.2 acres, making it a compelling prospect for buyers looking to create their dream home or investment in the desirable Wells-next-the-Sea area. The asking price of £375,000 is notably cheap compared to the local average of £442/sqf, presenting a strong entry point for those willing to take on a substantial refurbishment project.

However, the overall economics are less favorable, as the projected all-in costs, including renovations estimated between £100,000 and £200,000, leave the financial margin stretched against local benchmarks for similar properties. The property has clearly been neglected, with dated interiors and a garden that requires attention. This is a heavy renovation project, and potential buyers should be prepared for a comprehensive overhaul to realize the property's full potential.

Key opportunities

  • Large plot size offers significant redevelopment potential, allowing for creative landscaping and expansion.
  • The non-standard construction may provide a unique layout that can be tailored to modern living preferences.
  • The property is close to local amenities and the scenic coastal area, enhancing its appeal post-renovation.

Key risks

  • Stripped interiors and a £100,000–£200,000 works budget make this a full-gut programme, not a refresh.
  • Purchase plus works may take you to around £525,000 once the asking price and an estimated £150,000 of refurbishment are combined, leaving a gap of around 15% versus area norms for this sqft. Finished value after works is not modelled here.

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Map

Location

Maryland, Wells-next-the-Sea
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,417
Based on a loan of £281,250 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.

Tax

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Indicative tax based on the asking price and the options you select.

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