Summary - 42 FLAT 1 WELLESLEY ROAD GREAT YARMOUTH NR30 1EX
3 bed 1 bath Flat
Coastal location, ideal starter home or rental opportunity close to shops.
Chain-free three-bedroom lower-ground apartment, spacious rooms and high ceilings
A three-bedroom lower-ground apartment in a Victorian building within easy walking distance of the seafront and town centre. The property is chain-free and offers spacious rooms, high ceilings and original period features combined with a modern fitted kitchen — a good canvas for first-time buyers or buy-to-let landlords.
Be aware this is a leasehold basement home sold at modern auction. Bidding involves an undisclosed reserve, a non-refundable Reservation Fee (typically 4.5% of the purchase price, minimum £6,600) plus buyer administration costs. The lease has about 112 years remaining and there is an annual ground rent of £100.
Practical risks are material: the property sits in a high flood-risk zone and the local area records very high crime and significant deprivation. As a lower-ground flat with assumed solid brick walls and pre-2002 double glazing, buyers should budget for damp-proofing, insulation and possible refurbishment works to improve thermal performance and long-term comfort.
For buyers seeking a low-entry coastal purchase, this offers good room sizes and rental potential given nearby amenities and transport links. Carry out full due diligence, survey and check auction documentation and likely refurbishment costs before bidding.
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