28 Market Lane

    28, MARKET LANE, WELLS-NEXT-THE-SEA, NR23 1HJ

    This terraced leasehold property on Market Lane last sold in November 2020 for £245,000. Based on price growth in the NR23 district since then, its estimated current value is £222,718 — placing it in the 30th percentile nationally and the 6th percentile within NR23. The property covers 68 m² (732 sq ft), giving an estimated value of £3,275 per m². The EPC rating is B, with a potential rating of A.

    Type

    Terraced

    Tenure

    Leasehold

    Floor Area

    732 sq ft

    68 m²

    Last Sale Price

    £245,000

    Nov 2020

    Estimated Valuation

    £222,718

    Est. £/sq ft

    £304/sq ft

    £3,275/m²

    Property Details

    TypeTerraced
    TenureLeasehold
    Built formNot available
    Construction age2016
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area732 sq ft (68 m²)
    EPC dateJul 2016
    WallsAverage thermal transmittance 0.25 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    6 Nov 2020

    £245,000

    Key Metrics

    Estimated valuation£222,718
    Value per sq ft / m²£304/sq ft (£3,275/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NR23 district percentile6th percentile
    National percentile30th percentile

    District Context — NR23

    NR23 covers the rural areas around Wells-next-the-Sea and Burnham Market in north Norfolk, close to the Norfolk Coast Area of Outstanding Natural Beauty. It is a quieter, post-retirement destination with strong appeal to older buyers seeking countryside living and coastal access.

    Average Property Price - NR23

    £477,953

    78

    National percentile

    Average Net Household Income - NR23

    £38,008

    49

    National percentile

    10-Year Annualised Price Growth - NR23

    2.2%

    12

    National percentile

    10-Year Annualised Rent Growth - NR

    4.4%

    81

    National percentile

    View full analysis for NR23

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