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Westfield Avenue, Wells-Next-The-Sea NR23

East of England

£200,000

Listed on 17/05/2026

Property details

Bedrooms
2
Type
Semi Detached
Area
760 sqft

Description

Nestled in a sought-after area, this older-style end of terrace property presents a promising opportunity for those looking to undertake a renovation project. The home is conveniently located within walking distance of the town centre and its amenities and is being sold chain-free. While the property features double glazing and gas central heating, it requires comprehensive modernisation to fully realise its potential. The layout includes an entrance hall leading into a spacious living room with a front aspect window and storage space under the stairs. The kitchen, positioned at the rear, will need a complete refit, along with the ground floor bathroom that also calls for updating. Upstairs, you will find two bedrooms, with one currently sub-divided in a non-compliant manner due to lack of natural light, emphasising the need for reconfiguration. External areas boast sizable gardens at both the side and rear, providing ample scope for extensions (subject to planning approval) as well as off-road parking accommodating several vehicles. However, it's important to note that there is a pedestrian right of way across the back garden belonging to adjacent properties. This property stands out not just for its renovation potential but also due to its location near Wells-next-the-Sea—an area rich in coastal charm and recreational activities—from vibrant galleries and restaurants to sandy beaches ranked among the best in England. This makes it an ideal candidate for an investment or family home once revitalised.

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Investment analysis

(NR23 area)

Below Market Value

This property is priced -40.4% below area average per sq ft

-40.4%
Potential saving
This Property
£263/sq ft
Area Average
£442/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£369,345
10% above area average per sq ft
Potential ROI
+42.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (NR23)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -15.2%
5 year growth: -5.1%
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

Westfield Avenue, Wells-Next-The-Sea NR23
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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
£756
Based on a loan of £150,000 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

Price History

-7.0% since listed
£200,000£15,000(-7.0%)
14/06/2026
Current price
£215,000Initial listing
29/04/2026

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