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Westfield Avenue, Wells-Next-The-Sea NR23 - Image 1
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Westfield Avenue, Wells-Next-The-Sea NR23

East of England

£215,000
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
760 sqft

Description

Nestled in a sought-after area, this older-style end of terrace offers an excellent opportunity for those looking to invest in a property with significant renovation potential. Conveniently located within walking distance to the town centre and local amenities, this chain-free home is ready for modernisation. The accommodation features double glazing and gas central heating, comprising an entrance hall, spacious living room with fireplace, kitchen in need of re-fitting, rear lobby, ground floor bathroom that requires updating, and two first floor bedrooms. It’s worth noting that bedroom one is currently sub-divided and may not meet building regulations. The exterior boasts generous gardens at the side and rear that could accommodate extensions (subject to necessary consents), as well as off-road parking for several vehicles. Potential buyers should be aware of a pedestrian right of way affecting access across the rear garden. Wells-next-the-Sea is not just a picturesque coastal town but also rich in history as a thriving commercial port for nearly 600 years. With its vibrant fishing fleet and numerous leisure craft moorings, it supports a myriad of water activities, catering to enthusiasts and tourists alike. The stunning sandy beach is consistently ranked among the best in the UK. Local amenities include shops, cafes, galleries, schools rated 'Good' by Ofsted, and healthcare services ensuring a comprehensive community experience. This property represents an enticing project for those wishing to create their ideal home or investment property in an appealing coastal setting.

Investment Analysis

(NR23 area)

Below Market Value

This property is priced -36.1% below area average per sq ft

-36.1%
Potential saving
This Property
£283/sq ft
Area Average
£443/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£369,972
10% above area average per sq ft
Potential ROI
+45.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR23)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -17.4%
5 year growth: -1.9%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£761
Based on a loan of £161,250 over 30 years at 3.91% 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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