FLORIDA ESTATE BACK MARKET LANE
Recent sale
£23k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
44 Florida Estate, Back Market Lane, Hemsby, NR29 4HW
UPRN:10012187755Bungalow Property2 bedsBuilt 1967-1975
LeaseholdCouncil Tax: -EPC: F (23)
Data freshness:Listing· freshListing: fresh, refreshed 4d ago (2026-10-20T04:00:03.667605+00:00)Planning· 4mo agoPlanning: stale, refreshed 4mo ago (2026-07-10T08:30:02.593576+00:00)EPC· 5mo agoEPC: stale, refreshed 5mo ago (2026-05-20T10:58:39.129138+00:00)Risk· 2y agoRisk: stale, refreshed 2y ago (2024-12-31T00:00:00+00:00)Amenities· 1mo agoAmenities: ageing, refreshed 1mo ago (2026-09-23T00:00:00+00:00)Area· Census 2021Area: static reference data (Census 2021); authoritative and does not refresh
Valuation estimateUpdated 2 days ago
£37,000
Estimated value
Range: £30k - £45k|Last sold: £20k (2022-04-19)
Estimate of £37k for this bungalow property. 281 sales in NR29 in the last 12 months; median £245k.
Estimate confidence
Low confidence
Value History
Current estimate
£37k
£30k - £45k - Low confidence
Annualised (CAGR)
+0.00%
Over the full window
Peak estimate
£39k
Oct 2024
From peak
-5.13%
Drawdown from peak
AVM estimate (model)Repeat-sales index - NR29 district (quarterly)index YoY -4.28%
Growth by window
3m
+23.33%
6m
+15.62%
12m
+15.62%
24m
-5.13%
60m
-
Rental Market
Estimated rent (pcm)
£150
/ month
Gross yield
9.00%
Rent ÷ asking price
Net yield
6.22%
Assumes ~31% running costs (not this property's)
Vacancy trend
12-month change
Market Metrics
Median Area Price
£245k
NR29 sales, last 12 months
12m Price Growth
-
NR29 median, Land Registry
Days on Market
113d
NR29 average
Sales & Yield
3 metricsTransactions / 12m
281
NR29 sales
Area Gross Yield
4.68%
NR29 medians
Last Sold
£20k
2022-04-19
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£20,000
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£22,100
Funding
- Deposit (25%)£5,000
- Mortgage (75% LTV)£15,000
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£7,100
Monthly Returns
- Monthly Rent (estimate)£150
- Mortgage Payment (IO)-£66
- Management (10%)-£15
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£31
Capital Returns
- 5yr Property Value£21,303
- 5yr Capital Gain (1.27% pa, historical)+£1,303
- 5yr Cumulative Rent (net, before lease costs)+£2,431
- Less mortgage interest-£3,960
- 5yr Total Return (before lease costs)-£226
Modelled on the live asking price. Assumed, as in the PDF report: 25% deposit, 5.25% interest-only mortgage, management 10% of rent, insurance £40/mo, maintenance £60/mo, legal, survey and broker £2,100. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs.
5-Year Projection
| Year | Property Value | Equity | Cashflow (cumulative) | Total Return | ROI |
|---|---|---|---|---|---|
| Year 1 | £20,254 | £5,254 | -£372 | -£118 | -1.7% |
| Year 2 | £20,511 | £5,511 | -£708 | -£197 | -2.8% |
| Year 3 | £20,772 | £5,772 | -£1,019 | -£248 | -3.5% |
| Year 4 | £21,036 | £6,036 | -£1,293 | -£258 | -3.6% |
| Year 5 | £21,303 | £6,303 | -£1,529 | -£226 | -3.2% |
Modelled on the live asking price. Capital growth 1.27% a year is the NR29 area's 5-year historical rate (Land Registry medians), not a forecast. Rent grows 2% a year (assumed); management is 10% of each year's rent. Mortgage held interest-only at 5.25% for 5 years. Refurbishment, voids and letting fees are not costed. Service charge and ground rent are not stated, so cashflow and returns are before lease costs. ROI is on cash required (£7,100).
Price Forecast
No forecast available.
Demand & Supply
DemandSupply
Comparable Sales
FLORIDA ESTATE BACK MARKET LANE
Recent sale
£15k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
CHALET 139 FLORIDA ESTATE BACK MARKET LANE
Recent sale
£18k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
FLORIDA ESTATE BACK MARKET LANE
Recent sale
£28k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
Area Economic Intelligence
Signal
£28,808
Median earnings (local authority)
Signal
1,769
Population
Signal
5.8%
Households Deprived