Nelson Road Central, Great Yarmouth, Norfolk

KEY FEATURES

Freehold five-bedroom HMO
Current HMO licence
Rooms charged at £90 per room per week
£23,400 a year when fully let: a gross yield of about 29% at the guide price
Shared kitchen and shared bathroom
End-of-terrace period building over several floors
A short walk from the seafront and town centre
Inspected by the auctioneers
For sale at auction at Claridge's on 28 October 2026
Unconditional auction contract, exchange on the fall of the hammer

SUMMARY
A freehold, licensed five-bedroom HMO at 111 Nelson Road Central, Great Yarmouth, a short walk from the seafront and town centre. Rooms are charged at £90 a week each, producing £23,400 a year when fully let: a gross yield of about 29% at the guide price. For sale at auction at Claridge's on 28 October 2026, guide price £80,000.

FULL DESCRIPTION

Freehold Licensed Five-Bedroom HMO, 111 Nelson Road Central, Great Yarmouth NR30 2NJ. Guide Price £80,000.

THE PROPERTY
A freehold end-of-terrace period building with a bay-fronted façade, arranged over several floors and used as a licensed house in multiple occupation. It has five bedrooms, with a shared kitchen and a shared bathroom. The property has been inspected by the auctioneers.

THE INCOME
Rooms are charged at £90 per room per week. With all five rooms let, that is £450 a week, or £23,400 a year: a gross yield of about 29% at the guide price of £80,000. The yield is before bills, management and other outgoings. Buyers should check current occupancy and the tenancies in the legal pack.

HMO LICENCE
The property has a current HMO licence. HMO licences cannot be transferred, so a buyer who wants to keep operating the property as an HMO must apply to Great Yarmouth Borough Council for a licence in their own name. Buyers should check the licence, its conditions and its expiry date in the legal pack.

THE LOCATION
Nelson Road Central is a residential street a short walk from Great Yarmouth's seafront, piers and town centre.

Rail: Great Yarmouth station has direct trains to Norwich, with connections to London Liverpool Street.
Road: the A47 links to Norwich and Lowestoft.

Tenant demand in the town comes from the energy sector, the port, trades and tourism.

KEY FACTS
Tenure: Freehold
Property: Five-bedroom HMO
Licence: Current HMO licence
Facilities: Shared kitchen and shared bathroom
Income: £90 per room per week; £23,400 a year when fully let
Gross yield: About 29% at the guide price, when fully let
Guide price: £80,000
Buyer's premium: 2% of the purchase price
Contract documents charge: £850 plus VAT
Auction: 28 October 2026, Claridge's, Brook Street, Mayfair, London W1K 4HR
Lot number: TBC

AUCTION DETAILS
The property will be offered at the Palace Auctions London sale at Claridge's, Brook Street, Mayfair, London W1K 4HR, on Wednesday 28 October 2026, with bidding in the room and online. The guide price is £80,000.

The sale is on an unconditional auction contract. Contracts exchange on the fall of the hammer, and on exchange the buyer pays:

a 10% deposit
a buyer's premium of 2% of the purchase price
a contract documents charge of £850 plus VAT

Completion is as set out in the Special Conditions of Sale. The legal pack is available to download from palaceauctions.com. Buyers should instruct a solicitor to review it and take independent licensing advice before bidding.

VIEWINGS
Strictly by appointment with the auctioneers.

CONTACT
Palace Auctions London, ,
Edward Swindells, Auctioneer: ,
Tom Barrett, Sales Director
Bridgett D Dickens, Senior Negotiator:

IMPORTANT NOTICE
The income figure assumes all five rooms are let at £90 a week and is before outgoings. HMO licences are not transferable. Buyers must check the licence, the tenancies, occupancy and rents in the legal pack. The guide price is an indication of the seller's current minimum acceptable price at auction and may change. These particulars do not form part of any offer or contract.