Springbank, 50a Freeman Street

    SPRINGBANK, 50A, FREEMAN STREET, WELLS-NEXT-THE-SEA, NR23 1BA

    This detached freehold property on Freeman Street last sold in November 2022 for £615,000. Based on price growth in the NR23 district since then, its estimated current value is £581,612 — placing it in the 85th percentile nationally and the 77th percentile within NR23. The property covers 96 m² (1,033 sq ft), giving an estimated value of £6,058 per m². The EPC rating is E, with a potential rating of B.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    1,033 sq ft

    96 m²

    Last Sale Price

    £615,000

    Nov 2022

    Estimated Valuation

    £581,612

    Est. £/sq ft

    £563/sq ft

    £6,058/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formEnd-Terrace
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialB
    Floor area1,033 sq ft (96 m²)
    EPC dateApr 2022
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    24 Nov 2022

    £615,000

    10 Oct 2011

    £220,000

    Key Metrics

    Estimated valuation£581,612
    Value per sq ft / m²£563/sq ft (£6,058/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NR23 district percentile77th percentile
    National percentile85th 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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