FLORIDA ESTATE BACK MARKET LANE
Recent sale
£23k
Sale price
£/sqft
-
Rent pcm
-
Yield
-
84 Florida Estate, Back Market Lane, Hemsby, NR29 4HW
UPRN:100091318203Bungalow Property2 bedsBuilt 1967-1975
LeaseholdCouncil Tax: -EPC: G (11)
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
£29,000
Estimated value
Range: £26k - £32k|Last sold: -- (-)
Estimate of £29k for this bungalow property. 281 sales in NR29 in the last 12 months; median £245k.
Estimate confidence
Medium confidence
Value History
Current estimate
£29k
£26k - £32k - Medium confidence
Annualised (CAGR)
+6.00%
Over the full window
Peak estimate
£40k
May 2026
From peak
-27.50%
Drawdown from peak
AVM estimate (model)Repeat-sales index - NR29 district (quarterly)index YoY -4.28%
Growth by window
3m
-21.62%
6m
+0.00%
12m
+20.83%
24m
+20.83%
60m
-
Rental Market
Estimated rent (pcm)
£100
/ month
Gross yield
5.33%
Rent ÷ asking price
Net yield
3.69%
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
-
-
Investment Analysis
Buy-to-let cashflow + capital returns
Purchase
- Asking Price£22,500
- SDLT standard£0
- SDLT BTL surcharge (5%)£0
- Legal, survey + broker (assumed)£2,100
- RefurbishmentNot costed
- Total Cost (excl. refurb)£24,600
Funding
- Deposit (25%)£5,625
- Mortgage (75% LTV)£16,875
- Interest Rate (assumed)5.25%
- Mortgage TypeInterest Only
- Cash Required£7,725
Monthly Returns
- Monthly Rent (estimate)£100
- Mortgage Payment (IO)-£74
- Management (10%)-£10
- Insurance (assumed)-£40
- Maintenance (assumed)-£60
- Monthly Cashflow, before lease costs (not stated)-£84
Capital Returns
- 5yr Property Value£23,966
- 5yr Capital Gain (1.27% pa, historical)+£1,466
- 5yr Cumulative Rent (net, before lease costs)-£379
- Less mortgage interest-£4,440
- 5yr Total Return (before lease costs)-£3,354
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 | £22,786 | £5,911 | -£1,008 | -£722 | -9.3% |
| Year 2 | £23,075 | £6,200 | -£1,992 | -£1,417 | -18.3% |
| Year 3 | £23,368 | £6,493 | -£2,952 | -£2,083 | -27.0% |
| Year 4 | £23,665 | £6,790 | -£3,898 | -£2,733 | -35.4% |
| Year 5 | £23,966 | £7,091 | -£4,819 | -£3,354 | -43.4% |
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 (£7,725).
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