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Wellesley Road, Great Yarmouth NR30 - Image 1
Wellesley Road, Great Yarmouth NR30 - Image 2
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Wellesley Road, Great Yarmouth NR30

East of England

£500,000
Listed on 19/11/2025

Property Details

Bedrooms
24
Type
Terraced house

Description

This substantial coastal property presents a unique opportunity for renovation or investment in Great Yarmouth, one of Norfolk's most frequented seaside towns. The Wellesley Park Hotel, available chain-free and with vacant possession, comprises 24 bedrooms spread across four floors, including 22 en-suite accommodations. The flexible layout not only supports continued hospitality operations but also offers the potential for redevelopment, subject to necessary planning approvals. Located just 100 meters from the seafront, this property occupies a desirable position that balances a quiet neighborhood with convenient access to local attractions. Key amenities are within walking distance, including Britannia Pier and the vibrant town center filled with shops, cafes, and restaurants. The lively promenade and popular attractions such as the Pleasure Beach and Sea Life aquarium contribute to the area's strong appeal to both tourists and residents alike. The property is notable for its spacious communal areas on the ground floor which feature large bay windows that bring in ample natural light. These spaces are adaptable for various uses—whether retaining their current function as guest lounges and dining areas or being repurposed for alternate commercial or residential ventures. Additionally, a fully equipped commercial kitchen is ready for immediate operation, along with a dedicated laundry room. Externally, there is a paved rear courtyard that could be enhanced for additional outdoor seating or off-road parking options. Although there is no designated parking for guests at this time, ample on-street parking can be found nearby. With its proven track record of successful operation over the past 24 years under the current ownership—marked by positive reviews and repeat clientele—the Wellesley Park Hotel stands out as an excellent investment opportunity. Its prime location near both beach amenities and urban conveniences further solidifies its potential for ongoing profitability or transformation into something new in response to market demands. Investors seeking to tap into Great Yarmouth’s thriving tourism landscape will find this property’s combination of extensive accommodation options and a sought-after setting particularly compelling.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £350,000
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 NR30
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Mortgage Calculator

£
£
£
%
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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