Maryland, Wells-next-the-Sea
East of England
£375,000
Listed on 02/09/2026
Listed on 02/09/2026
The listing
Property details
Bedrooms
3Type
Detached BungalowArea
1013 sqftFeatures
- Garden
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.
64out of 100
Grade CPotential opportunity
Confidence: MEDIUM
At £375,000, this detached bungalow is priced at about £370/sq ft, around 16% below the local average—a strong entry point for a project. The dated exterior and older appearance leave scope to update the property, while the established garden and approximately 0.2-acre plot add to its appeal. The listing also mentions redevelopment potential, subject to necessary consents, but feasibility is unverified.
The 64/100 C grade reflects the attractive price and sound economics, balanced by a below-average location score and the limits of assessing a bungalow of non-standard construction from the available condition notes. The renovation range is £5,000–£15,000; treat that as an initial scale for the work, not a full assessment of the property.
Key opportunities
- Acquire at a price below the local average £/sq ft.
- Update the dated exterior and shape the bungalow into a more contemporary home.
- Make the most of the established garden and explore the stated redevelopment potential, subject to necessary consents and feasibility.
Key risks
- Non-standard construction may warrant specific checks and could affect improvement options.
- The visible condition of the roof and external fabric cannot be reliably determined from the exterior views.
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Finance
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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.
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