AIAI Property Valuation for NR23 — WELLS-NEXT-THE-SEA
AI Estimate
£488,016
Range: £448,975 – £527,057 (±8%)
157 sales (12mo)
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🏠
Detached
£684,959
55 sold (12mo)
🏘️
Semi-Detached
£414,283
31 sold (12mo)
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Terraced
£467,789
44 sold (12mo)
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Flat
£338,273
11 sold (12mo)
Price History — NR23
Price Forecast
Current
£488,016
1-Year
£535,301
-9.2%
3-Year
£441,083
-25.2%
Based on historical trend projection, capped at ±15% per year. This is not financial advice.
Rental Yield
Est. Monthly Rent
£1,129
Gross Yield
2.3%
Net Yield (est.)
1.84%
Region Average
2.66%
Annual rental income estimate: £13,548. Net yield deducts ~20% for management, voids, maintenance and insurance. Regional averages based on ONS Private Rental Market Statistics.
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Investment Score
Overall Score
Out of 10 — weighted composite
Area Intelligence
🛡️
Crime Rate
Below avg
5/1000 (-93.8% vs national)
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Schools
2 Good+
2 total, 0 Outstanding
⚡
EPC Rating
Avg C
Score: 65/100
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Broadband
152 Mbps
Average download speed
🏛️
Council Tax
£2,129
Band D — North Norfolk
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Tenure
20% Owner
15% private rent
Nearby Postcodes
Frequently Asked Questions
What is the average house price in NR23?
The AI-estimated average house price in NR23 (WELLS-NEXT-THE-SEA) is £488,016, based on 157 transactions in the last 12 months. This estimate has high confidence (±8%).
What is the rental yield in NR23?
The estimated gross rental yield in NR23 is 2.3%, based on an average monthly rent of £1,129 and average property price of £589,708. The estimated net yield after costs is 1.84%.
Is NR23 a good area to invest in?
NR23 has an overall investment score of 4.6/10. This considers price growth (0/10), rental yield (0.5/10), safety (9.7/10), schools (10/10), and connectivity (10/10).
What are property prices by type in NR23?
Average prices in NR23 by property type: detached (£684,959), semi-detached (£414,283), terraced (£467,789), flats (£338,273). These are based on Land Registry transaction data from the last 12 months.
How accurate are AI property estimates for NR23?
Our AI estimates for NR23 are based on Land Registry transaction data, local market trends, and area characteristics. With 157 recent sales, the estimate has high confidence. For a precise valuation, we recommend getting a professional survey.
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Disclaimer: AI estimates are based on Land Registry transaction data and statistical modelling. They are not professional valuations. Rental yield estimates use ONS regional rental data and may differ from actual local rents. Past performance does not predict future house prices. For a precise valuation, consult a qualified surveyor.