Wellesley Road, Great Yarmouth, Norfolk

KEY FEATURES

Freehold six-bedroom HMO over four floors
Current HMO licence from Great Yarmouth Borough Council
Rooms charged at £90 per room per week
£28,080 a year when fully let: a gross yield of about 20% at the guide price
Three double and three single bedrooms
Two kitchens, a bathroom, a shower room and separate WCs
About 0.5 km from the seafront, 5 minutes' walk to the town centre
Great Yarmouth station about 1 km, with trains to Norwich
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 six-bedroom HMO at 109 Wellesley Road, Great Yarmouth, about 0.5 km from the seafront. Rooms are charged at £90 a week each, producing £28,080 a year when fully let: a gross yield of about 20% at the guide price. For sale at auction at Claridge's on 28 October 2026, guide price £140,000.

FULL DESCRIPTION

Freehold Licensed Six-Bedroom HMO, 109 Wellesley Road, Great Yarmouth NR30 2AR. Guide Price £140,000.

THE PROPERTY
A substantial freehold townhouse arranged over four floors, including a basement, used as a licensed house in multiple occupation. It has six bedrooms: three doubles and three singles, one of the singles being in the basement. There is a rear yard.

The shared facilities are spread through the building:

Ground floor: kitchen and WC
First floor: kitchen, WC and bathroom
Second floor: shower room

THE INCOME
Rooms are charged at £90 per room per week. With all six rooms let, that is £540 a week, or £28,080 a year: a gross yield of about 20% at the guide price of £140,000. 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 from Great Yarmouth Borough Council. HMO licences cannot be transferred, so a buyer who wants to keep operating the property as an HMO must apply to the 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
Wellesley Road is about 0.5 km from Great Yarmouth's seafront, within walking distance of Britannia Pier, Wellington Pier, the Sea Life Centre and the Marina Centre.

Town: the town centre and the Market Place are about 5 minutes' walk.
Rail: Great Yarmouth station, about 1 km away, has direct trains to Norwich, with connections to London Liverpool Street.
Road: the A47 links to Norwich and Lowestoft.
Buses: several routes serve the area.

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

KEY FACTS
Tenure: Freehold
Property: Six-bedroom HMO over four floors
Licence: Current HMO licence (Great Yarmouth Borough Council)
Accommodation: Three double and three single bedrooms, two kitchens, bathroom, shower room, WCs
Income: £90 per room per week; £28,080 a year when fully let
Gross yield: About 20% at the guide price, when fully let
Guide price: £140,000
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 £140,000.

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 six 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.