Description
Secure a high-yield, fully licensed 5-bedroom HMO License reference: HMO/LN/0246 in the heart of Great Yarmouth, offered by Palace Auctions London at Claridge’s Hotel on 23rd September 2026. Guide price: £80,000 Plus. Exceptional investment potential, robust local demand, and prime coastal location.The property
Welcome to 111 Nelson Road, Great Yarmouth, Norfolk NR30 2NJ—a rare opportunity to acquire a fully licensed five-bedroom HMO in one of East Anglia’s most dynamic coastal markets. This substantial Victorian terraced property is offered for sale by Palace Auctions London, with the auction taking place live and online at Claridge’s Hotel, London, on 23rd September 2026, commencing at 12 noon. With a highly competitive guide price of £80,000 Plus, this property is perfectly positioned for investors seeking robust rental yields, strong tenant demand, and long-term capital growth in a thriving seaside town.Layout
The property’s layout is ideally suited to the HMO market, featuring three spacious double bedrooms and two single bedrooms, one of which is located on the basement level for added privacy. Each room is designed to maximise comfort and rental appeal, with lockable doors and ample natural light. The communal areas are thoughtfully arranged, including a separate kitchen with generous storage and workspace, a first-floor toilet, a family bathroom, and a second-floor shower room. Furthermore, the private rear garden offers valuable outdoor space for tenants—a highly sought-after amenity in today’s rental market.Locality
Situated in the heart of Great Yarmouth’s NR30 2NJ postcode, 111 Nelson Road enjoys unrivalled access to the town’s most desirable amenities and attractions. The property is just a short stroll from the iconic Golden Mile seafront, renowned for its sandy beaches, vibrant entertainment venues, and year-round events. Additionally, the bustling town centre, with its array of shops, supermarkets, and services, is within easy walking distance, ensuring tenants have everything they need close at hand.Amenities
Local amenities abound, with convenience stores such as Londis on Nelson Road Central, major supermarkets including Aldi, Asda, Lidl, Sainsbury’s, Tesco Extra, and Iceland all within a mile radius. The nearby Market Gates Shopping Centre offers further retail options, from high street brands to independent boutiques. Moreover, the area’s diverse culinary scene features restaurants, cafés, and takeaways catering to every taste, while the lively nightlife and entertainment venues along Regent Road and Marine Parade attract a broad tenant base.Leisure
Leisure facilities in Great Yarmouth are second to none. The Marina Leisure Centre, located on Marine Parade, boasts a swimming pool, gym, and fitness classes, while the town’s extensive beaches provide ample opportunities for outdoor recreation. Golf enthusiasts will appreciate the proximity of Caldecott and Caister golf courses, and the nearby racecourse and greyhound stadium offer further entertainment options. These amenities contribute to a high quality of life for tenants and enhance the property’s rental appeal.Transport
Transport connectivity is a major asset for 111 Nelson Road. Local bus routes serve the area, with stops on Nelson Road and Regent Road providing frequent services across Great Yarmouth and beyond. The main bus station at Market Gates is a ten-minute walk away, offering connections to Norwich, Lowestoft, and National Express coach services. Great Yarmouth railway station, approximately one mile from the property, provides regular direct trains to Norwich and onward connections to London and the wider UK rail network. The A12 and A47 trunk roads ensure swift access to Norwich, Ipswich, and the Norfolk Broads.For families
Families and students will find the area well-served by reputable schools. Within a two-mile radius, St Nicholas Priory CofE VA Primary School and Nursery (Ofsted: Good), North Denes Primary School, and Great Yarmouth Primary Academy (Ofsted: Good) offer quality primary education. For secondary schooling, Great Yarmouth Charter Academy and Novaturient School are nearby, while John Grant School in Caister-on-Sea holds an Outstanding Ofsted rating. The presence of these schools enhances the property’s appeal to a wide range of tenants.The Market
The property market in Great Yarmouth is characterised by strong yields and high demand for HMOs. Average house prices in NR30 2 are approximately £1,480 per square metre, with terraced properties averaging £145,697. Rental prices for five-bedroom HMOs typically range from £953 to £1,570 per month, with gross rental yields between 5.6% and 7.9%. However, 111 Nelson Road’s projected gross rental income of £24,120 per annum, based on conservative room rates, equates to an exceptional gross yield of 30.2%—far exceeding regional and national averages.Legal
The legal status of this property as a fully licensed HMO under Great Yarmouth Borough Council’s mandatory scheme provides significant advantages for investors. The licence ensures compliance with stringent standards for fire safety, room sizes, amenities, and management. Consequently, investors benefit from legal certainty, enhanced asset value, and reduced risk of enforcement action. The established compliance history of 111 Nelson Road streamlines the licence renewal process for the successful purchaser.Costal HMO demand
Demand for HMO accommodation in Great Yarmouth is driven by a diverse tenant base, including professionals, seasonal workers, students, and families. The town’s status as a major seaside resort and gateway to the Norfolk Broads ensures a steady influx of both short-term and long-term renters. The presence of major employers, educational institutions, and a thriving hospitality industry sustains high occupancy rates and minimises void periods, making HMOs a particularly attractive investment vehicle.The auction
Recent auction results in Great Yarmouth confirm the attractiveness of the £80,000 guide price for a five-bedroom licensed HMO. Comparable properties, including three-bedroom terraced houses and two-bedroom flats, have achieved guide prices of £60,000 to £80,000, with lower rental incomes. Larger HMOs in the area command significantly higher prices, highlighting the premium income potential of 111 Nelson Road. The property’s yield-to-price ratio is among the strongest available in the current market.The property
The configuration of 111 Nelson Road allows for flexible tenanting strategies to maximise occupancy and income. Three double bedrooms are suitable for couples or single occupants seeking more space, while two single rooms cater to budget-conscious tenants or those seeking privacy. The basement single room offers a unique selling point for tenants who value separation from the main living areas. Communal facilities on each floor and a private garden further enhance tenant satisfaction.Wrapped investment
Investors should note the low entry costs associated with this property. The mandatory HMO licence fee in Great Yarmouth is £1,245 for a new application, with renewals at £1,239. Ongoing compliance costs, including annual gas and electrical safety checks, fire alarm maintenance, and periodic redecoration, are modest relative to the property’s income potential. The established HMO use and compliance history reduce the risk of unexpected capital expenditure.The auction day
The auction will be conducted by Palace Auctions London, both live at Claridge’s Hotel and online, on 23rd September 2026. Prospective purchasers are advised to undertake their own due diligence, including review of the HMO licence, compliance documentation, and local authority requirements for licence transfer. Early viewing is highly recommended, and the auctioneers can provide access to the property, legal pack, and further information on request.In Summary
In summary, 111 Nelson Road, Great Yarmouth, represents a rare and compelling opportunity to acquire a fully licensed, income-generating HMO in a market characterised by strong tenant demand, rising rents, and exceptional yield potential. The property’s flexible layout, established compliance history, and central location make it ideally suited to the needs of today’s renters. Whether you are seeking to expand an existing portfolio or enter the HMO sector for the first time, this property offers a combination of immediate income, long-term capital growth potential, and operational resilience that is difficult to match in the current market.Two Internal Website Links
Four Relevant External Website Links
- Great Yarmouth Borough Council HMO Licensing
- Ofsted School Reports
- Land Registry UK House Price Index
- Visit Great Yarmouth – Official Tourism
Page Updated Stamp
Page updated: 26 August 2026Key Finding: This listing offers a rare chance to acquire a fully licensed, high-yield HMO in a prime coastal location with robust local demand, excellent amenities, and strong investment fundamentals. Early viewing is highly recommended.
