8 Licensed 6-Bedroom HMO For Sale by Auction | 109 Wellesley Road Great Yarmouth NR30 2AR

Description

Acquire a fully licensed six-bedroom HMO in prime Great Yarmouth, just 0.5km from the seafront, with immediate rental income potential. Auctioned by Palace Auctions London at Claridge’s Hotel, Mayfair, on 23rd September 2026. Guide price: £120,000 Plus. Bid live or online for this rare investment opportunity.

Introduction and Investment Opportunity Overview

Palace Auctions London proudly presents 109 Wellesley Road, Great Yarmouth, Norfolk, NR30 2AR — a compelling investment opportunity in one of East Anglia's most dynamic coastal towns. This generously proportioned, six-bedroom licensed House in Multiple Occupation (HMO) comes to auction with a guide price of £120,000 Plus. Furthermore, the property occupies a prime position just 0.5 kilometres from Great Yarmouth's renowned sandy seafront. Investors seeking high-yielding rental assets in an affordable and growing market will find this lot exceptionally attractive. The property is offered by live and online auction on 23rd September 2026, commencing at 12 noon. In addition, bidders may participate in person at Claridge's Hotel, Mayfair, or remotely via Palace Auctions London's secure online platform. Moreover, this is a rare chance to acquire a fully licensed income-producing asset at an accessible entry price. Experienced investors and first-time auction buyers alike will recognise the outstanding value here.

Property Overview and Accommodation Summary

109 Wellesley Road is a substantial multi-storey townhouse offering six bedrooms across four distinct levels, including a basement. The property currently operates as a licensed HMO, providing a ready-made rental income stream from day one. Furthermore, the accommodation comprises three generously proportioned double bedrooms and three single bedrooms, offering a flexible layout that suits a range of tenant profiles. One of the single bedrooms occupies the basement level, delivering additional versatility for the incoming owner. Moreover, the property benefits from a separate kitchen, a first floor toilet, a first floor family bathroom, and a second floor shower room. These well-distributed facilities support comfortable multi-occupancy living and compliance with HMO licensing standards. Consequently, investors can take confidence in the property's established operational credentials. The building's character and scale make it ideally suited to continued use as a fully let HMO.

Basement and Lower Ground Level

The basement level of 109 Wellesley Road provides a private single bedroom, offering an independent and self-contained feel within the broader HMO setting. Additionally, basement rooms of this type prove consistently popular with tenants who appreciate quieter, more private accommodation. The lower ground layout benefits from solid construction typical of the area's Victorian and Edwardian building stock. Moreover, the basement position offers natural thermal insulation, helping to keep energy costs manageable for both landlord and tenant. Furthermore, this level presents an opportunity for improvement works, potentially enhancing rental value over time. Investors with a portfolio management strategy will recognise the appeal of flexible, adaptable accommodation across multiple levels. In addition, the overall footprint of the building from basement to second floor gives the property an impressive room count relative to its guide price. Therefore, this represents outstanding value for money per lettable room.

Ground Floor Kitchen and Living Arrangements

The ground floor of 109 Wellesley Road features a separate, dedicated kitchen — a key requirement under HMO licensing regulations. Moreover, a separate kitchen provision supports the communal living dynamic of a shared house, giving tenants a designated cooking and food preparation space. This arrangement not only meets licensing obligations but also enhances the day-to-day liveability of the property. Additionally, the ground floor layout provides a natural circulation hub for residents moving between levels. Furthermore, the separation of kitchen and living areas reflects best practice in HMO design and management. Incoming owners may wish to refresh or upgrade the kitchen specification as part of a light refurbishment programme. Consequently, even a modest investment in the kitchen space could deliver measurable uplift in achievable room rates. In addition, a well-presented communal kitchen is one of the most influential factors in tenant satisfaction and retention within shared accommodation settings.

First Floor Facilities

The first floor of 109 Wellesley Road delivers impressive bathroom provision, further strengthening the property's HMO credentials. Residents on this level benefit from a separate toilet and a fully fitted family bathroom, supporting comfortable multi-occupancy use without overcrowding the facilities. Furthermore, this dual provision on a single floor minimises morning bottlenecks — a critical consideration for working tenants with fixed schedules. Moreover, the family bathroom offers a full suite suitable for daily use, while the separate toilet provides additional convenience during peak periods. In addition, well-maintained bathroom facilities rank among the highest priorities for tenants selecting shared accommodation. Therefore, the first floor facility arrangement at 109 Wellesley Road aligns closely with modern tenant expectations. The overall provision of bathrooms and toilets across the property satisfies standard HMO licensing criteria for a six-bedroom dwelling. Consequently, buyers can proceed with confidence regarding compliance readiness.

Second Floor Shower Room and Upper Accommodation

The second floor of 109 Wellesley Road completes the property's impressive multi-floor layout, featuring a dedicated shower room to serve the upper level bedrooms. Additionally, the second floor shower room reflects the property's design-led approach to accommodating multiple residents comfortably and efficiently. Furthermore, residents accommodated on the upper floors benefit from privacy, elevated outlooks, and a sense of separation from the busier communal areas below. The shower room installation represents a practical and cost-effective bathing solution for busy, working professionals. Moreover, shower rooms are increasingly preferred over bath-only options by the working-age tenant demographic most commonly found in HMOs. In addition, the presence of bathroom facilities on multiple floors significantly reduces competition for facilities among residents. Consequently, tenant satisfaction — and therefore long-term tenancy stability — improves measurably. Therefore, the second floor configuration delivers both compliance value and lifestyle appeal in equal measure.

HMO Licensing and Compliance Credentials

109 Wellesley Road holds a current HMO licence, issued by Great Yarmouth Borough Council, the local licensing authority. This licensing status represents a significant advantage for prospective buyers, as it confirms the property already meets the council's stringent standards for shared accommodation. Furthermore, obtaining an HMO licence in the first instance requires demonstrating compliance with fire safety measures, room size standards, management regulations, and facility provision. Consequently, buyers acquire not just a property but a validated, compliant, income-producing business asset. Moreover, the licence demonstrates that the seller and the property itself have satisfied all regulatory checks. Incoming owners should seek independent legal and licensing advice to understand ongoing obligations under the licence. Additionally, Great Yarmouth Borough Council provides clear guidance on HMO licensing requirements and landlord responsibilities via its official website. Therefore, prospective buyers can conduct thorough due diligence with confidence, supported by transparent council information.

Great Yarmouth Location and Seafront Proximity

Great Yarmouth's Wellesley Road sits within one of the most strategically well-connected parts of the town, offering residents exceptional everyday convenience. The property lies approximately 0.5 kilometres from the renowned sandy seafront, placing tenants within a short stroll of the beaches, promenade, and coastal attractions. Furthermore, Great Yarmouth's seafront stretches impressively along the North Sea, featuring Britannia Pier, Wellington Pier, the Sea Life Centre, and the Marina Centre leisure complex. Moreover, the town centre and Market Place — one of England's largest outdoor markets — sit within a five-minute walk of the property. In addition, a diverse culinary scene, including traditional British restaurants and international dining options, lies easily within reach. Therefore, tenants at 109 Wellesley Road enjoy an enviable coastal lifestyle, combining affordability with genuine quality of life. Landlords benefit, in turn, from the strong occupancy rates that consistently attractive locations command.

Transport Connectivity

Transport connectivity from 109 Wellesley Road is excellent, serving the needs of commuting professionals and mobile tenants effectively. Great Yarmouth railway station sits approximately one kilometre from the property, offering direct services to Norwich in approximately 30 minutes. Furthermore, Norwich provides onward connections to London Liverpool Street and Cambridge, opening the wider national rail network to residents. Additionally, multiple bus stops are within close walking distance, including services from Well Street, Britannia Pier, and St Nicholas Road. Moreover, the A47 trunk road provides fast road access west towards Norwich and south towards Lowestoft. The area's flat terrain makes cycling a practical and pleasant option for shorter journeys. Consequently, tenants without personal vehicles find the location particularly attractive, which broadens the pool of prospective occupiers. In addition, multi-modal transport access supports the property's long-term letting appeal regardless of changes in individual tenant circumstances.

The Great Yarmouth Rental and Investment Market

Great Yarmouth presents an outstanding proposition for yield-focused property investors, particularly those targeting the HMO sector. The NR30 2 postcode area ranks among the most affordable in Norfolk, with average property prices recorded at approximately £121,000. Furthermore, entry-level three-bedroom homes in the area start at around £150,000, demonstrating the exceptional value that this six-bedroom licensed HMO at £120,000 Plus represents. Moreover, the town's economy generates consistent demand from energy sector workers, skilled tradespeople, port operatives, and tourism industry professionals. Additionally, offshore wind construction and oil and gas services continue to attract skilled workers requiring flexible, affordable accommodation in the town. Consequently, HMO landlords in Great Yarmouth benefit from a deep, diverse, and stable tenant base. In addition, regeneration projects exceeding £100 million are actively revitalising the town, attracting new residents and stimulating economic confidence. Therefore, the outlook for rental demand in this market remains strongly positive.

Regeneration and Future Growth Drivers

Great Yarmouth is currently experiencing a period of significant regeneration and economic transformation, underpinned by government investment and private sector confidence. The town has secured regeneration funding exceeding £100 million through the Town Deal and other programmes, driving improvements to infrastructure, public spaces, and commercial districts. Furthermore, the historic medieval quarter is being revitalised alongside enhanced seafront facilities and new leisure developments. Moreover, the energy sector represents a major and expanding pillar of the local economy, with offshore wind construction activity set to grow considerably in the coming years. Additionally, port expansion and logistics investments are creating sustained employment opportunities across a broad range of skill levels. Consequently, the population of working-age residents in Great Yarmouth is expected to grow alongside employment levels. In addition, rising demand for affordable rental accommodation from this expanding workforce strongly supports the long-term income potential of HMO properties. Therefore, 109 Wellesley Road sits at the centre of a compelling growth story.

Nearby Amenities and Lifestyle

Residents of 109 Wellesley Road enjoy immediate access to a rich and varied range of amenities, enhancing everyday life considerably. The Great Yarmouth Market Place — one of England's largest and most historic outdoor markets — provides fresh produce, clothing, and household goods within walking distance. Furthermore, the area offers a diverse and growing restaurant and café scene, spanning traditional British cuisine and international flavours. Moreover, the Norfolk Broads National Park begins at Breydon Water on Great Yarmouth's western edge, offering world-class boating, wildlife watching, and nature experiences for residents who value outdoor pursuits. Additionally, healthcare provision is strong, with James Paget University Hospital in nearby Gorleston offering full accident and emergency, maternity, and outpatient services. In addition, local GP surgeries and pharmacies serve the community at a neighbourhood level. Consequently, tenants at this property enjoy a high-quality, well-supported living environment that supports strong tenancy retention.

Nearby Schools

Families and tenants with children will value the range of educational options available within easy reach of 109 Wellesley Road. St George's Primary and Nursery School lies approximately 0.4 miles from the property, providing local primary education conveniently close to home. Furthermore, Great Yarmouth VA High School is situated approximately one mile away, offering secondary education for older pupils — buyers should verify the current Ofsted rating directly via the Ofsted website for the most up-to-date assessment. Moreover, John Grant School in Caister-on-Sea, approximately two miles from the property, holds an Outstanding Ofsted rating, making it a highly regarded educational option for families within the area. Additionally, the presence of multiple schools within a short distance of the property broadens its appeal to family tenants — a growing segment of the HMO market. Consequently, the property serves a wide and diverse range of prospective tenants. Therefore, educational provision further reinforces the location's strength as a rental investment.

The Auction Process and Palace Auctions London

Palace Auctions London is one of the United Kingdom's premier independent property auctioneers and investment advisors, established in 1999 and headquartered at 11 Old Bond Street in prestigious Mayfair. The firm has facilitated property transactions totalling over £5.5 billion and maintains an exceptional 95% completion rate, reflecting its efficiency, professionalism, and market expertise. Furthermore, Palace Auctions London attracts a global community of over 50,000 registered investors, ensuring maximum competitive exposure for every lot presented at auction. Moreover, all sales are conducted in accordance with the RICS Common Auction Conditions, providing a transparent, legally robust framework for buyers and sellers. The auction on 23rd September 2026 takes place at the iconic Claridge's Hotel, Brook Street, Mayfair, London W1K 4HR — a five-star Art Deco landmark celebrated worldwide for elegance and prestige. Additionally, buyers may participate via live room bidding, secure online bidding, telephone bidding, or proxy arrangements. Consequently, 109 Wellesley Road receives maximum exposure to domestic and international buyers alike.

Auction Terms and Call to Action

Prospective buyers should note the key terms governing participation in the Palace Auctions London September 2026 auction event. Upon the fall of the hammer, a legally binding contract is formed immediately, with a 10% deposit payable on the day. Furthermore, a buyer's premium of 2% (inclusive of VAT) of the hammer price applies, alongside an administration fee of £1,000 plus VAT per lot. Moreover, completion of the purchase typically occurs within 14 to 56 days of the auction, in accordance with the legal pack conditions. In addition, a full legal pack — comprising title deeds, searches, and special conditions — is available for download ahead of the auction. Therefore, buyers are strongly advised to instruct their solicitors to review the legal pack thoroughly before bidding. Additionally, anti-money laundering identity checks are required upon registration. Consequently, all interested parties should register in advance via the Palace Auctions London website at palaceauctions.com. Do not miss this outstanding licensed HMO investment opportunity in Great Yarmouth.