2 Bed Flat, Single Let, King's Lynn, PE30 5GB, £80,000

The Portway, King's Lynn, PE30 5GB - 2 views - 4 years ago

Leasehold
BTL
ROI: 18%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£55K - £295K
Sold Prices/m²£1.2K/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.2K/m²

Value Estimate

£96,800
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£5,200

Total Cash In

£25,200

 

 

Cash Out

 

Rent Range

£625 - £975

Rent Estimate

£800

Running Costs/mo

£430

Cashflow/mo

£370

Cashflow/yr

£4,440

ROI

18%

Gross Yield

12%

Local Sold Prices

40 sold prices from £55K to £295K, average is £112K. £1.2K/m² to £2.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£122.5K12/200.31 miFlat A, Harvest House, Wisbech Road, King's Lynn, Norfolk PE30 5JL2
£130K01/230.83 mi26, Bransby Close, King's Lynn, Norfolk PE30 5RY2
£125K11/220.83 mi32, Bransby Close, King's Lynn, Norfolk PE30 5RY2
£120K01/230.85 miFlat 12, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£120K10/230.85 miFlat 22, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£122.5K05/230.85 miFlat 28, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£125K12/200.86 miFlat 5, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£129.9K05/210.86 miFlat 6, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£105K11/210.87 miFlat 13, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£158.5K10/220.88 miFlat 6, Bellfosters, Kings Staithe Lane, King's Lynn, Norfolk PE30 1LZ2
£104K11/201.03 mi44e, King Street, King's Lynn, Norfolk PE30 1ES2
£178K11/201.03 mi11, Old School Court, King's Lynn, Norfolk PE30 1DB2
£295K02/211.03 mi16, Old School Court, King's Lynn, Norfolk PE30 1DB2
£269K10/231.03 mi22, Old School Court, King's Lynn, Norfolk PE30 1DB2
£121K12/231.04 mi133, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3JL2
£90K05/211.07 miFlat 130, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS2
£111K10/221.07 miFlat 242, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS2
£113.6K06/231.1 mi64, Highgate, King's Lynn, Norfolk PE30 1PU2
£120K03/231.1 mi71, Highgate, King's Lynn, Norfolk PE30 1PU2
£210K05/211.17 miFlat 46, Trinity Quay, Page Stair Lane, King's Lynn, Norfolk PE30 1NQ2
£130K10/231.21 miFlat 10, North Hirne Court, St Anns Street, King's Lynn, Norfolk PE30 1LT2
£72K02/211.31 mi19, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY2
£111K01/231.32 mi17, Harewood Parade, King's Lynn, Norfolk PE30 2BT2
£110K12/221.32 mi11, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY2
£110K10/221.56 mi23, Lowfield, King's Lynn, Norfolk PE30 4RH2
£106K11/221.65 mi1, Butterwick, King's Lynn, Norfolk PE30 4RF2
£100K09/221.66 mi21, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£115K09/231.67 mi38, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£55K02/231.67 mi24, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£106K09/211.67 mi38, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£70K07/211.67 mi23, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£111K08/231.67 mi14, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£107.5K11/201.67 mi5, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£80K02/211.69 mi30, Old South, King's Lynn, Norfolk PE30 4RN2
£80K04/211.69 mi29, Old South, King's Lynn, Norfolk PE30 4RN2
£117.5K06/211.78 mi32, Beechan Drive, King's Lynn, Norfolk PE30 4GX2
£113K11/231.8 miFlat 8, Churchill Court, Telford Close, King's Lynn, Norfolk PE30 4TZ2
£107K06/211.84 miFlat 21, Macmillan Court, Telford Close, King's Lynn, Norfolk PE30 4TJ2
£85K09/211.89 mi29, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS2
£100K10/231.89 mi23, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS2

Local Rents

30 rents from £625/mo to £975/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£97503/240.08 miDragonfly Way, King's Lynn, Norfolk, PE30 5GR2
£92506/240.11 miHoney Bee Lane, King's Lynn, PE302
£92508/240.12 miHoney Bee Lane, King's Lynn, PE302
£92506/240.12 miDragonfly Way, King's Lynn, PE302
£85002/250.21 mi-2
£85003/250.21 mi-2
£85004/250.21 mi-2
£82506/240.22 miDiamond Terrace, KING'S LYNN2
£75009/230.24 mi-2
£82505/240.27 mi-2
£92506/240.29 miCoopers Court, Wisbech2
£87506/240.29 miCoopers Court - South Lynn2
£90009/240.29 miSouth Lynn - Coopers Court2
£80006/240.45 miGladstone Road, KING'S LYNN2
£80006/240.47 miFriars Street, KING'S LYNN2
£89506/240.5 miChecker Street, King's Lynn, PE302
£80006/240.52 miThomas Street, Kings Lynn2
£80008/240.52 miChecker Street, King's Lynn2
£76002/250.53 mi-2
£76004/250.53 mi-2
£92507/240.53 miKing's Lynn2
£85007/240.53 miFriars Street, King's Lynn2
£85006/240.54 miKing's Lynn2
£95007/240.55 miGuanock Terrace, King's Lynn, PE302
£62506/240.55 mi46 South Everard Street, King's Lynn, Norfolk, PE302
£75006/240.55 miNorth Everard Street, King's Lynn, PE302
£75006/240.56 mi-2
£67508/240.6 miFriars Walk, KING'S LYNN2
£78006/240.61 mi-2
£85006/240.61 miAll Saints Street, KING'S LYNN2

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

1.45 miles away

Nearest school

0.10 miles away

Nearest train station

0.96 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £80,000

March 8, 2025

Price changed to £83,000

February 24, 2025

Price changed to £87,000

December 27, 2024

Price changed to £90,000

December 4, 2024

Listed for £95,000

September 22, 2021

Floor Plans

Description

  • 2nd Floor Flat +
  • Close to Amenities +
  • Two Bedrooms +
  • Communal Garden +
  • Tenants in Situ +

SUMMARY
Tenants in Situ, currently paying £800pcm... two bedroom top floor flat which is being offered with no onward chain.

DESCRIPTION
Located close to local amenities including convenience store/post office and primary school. The town centre of Kings Lynn is a short distance away and has a wide range of amenities including shops, schools and leisure facilities. There is a main line station with rail links to Ely, Cambridge and London's Kings Cross Station. The property comprises secure entry system, entrance hall, lounge with open plan kitchen, two good size bedrooms and a bathroom. There is access to a communal garden area and residents parking. Viewing highly recommended.

Communal Entrance Door To:- 

Entrance Hall 
With stairs to second floor

Entrance Door To Entrance Hall 
Wood effect flooring, radiator, storage cupboard

Open Plan Kitchen/ Lounge 19' 5" x 17' 10" ( 5.92m x 5.44m )
Fitted with a range of base and wall units, roll edge work top, inset stainless steel sink with mixer tap over, built-in oven, gas hob, extractor over, space for washing machine and fridge freezer, opening to lounge area, wood effect flooring, radiator, two windows to front aspect, secure entry system

Bedroom One 13' 7" x 11' 9" ( 4.14m x 3.58m )
Window to front aspect, radiator

Bedroom Two 15' 6" max x 10' 11" max ( 4.72m max x 3.33m max )
This room is irregular in shape, two windows to front aspect, radiator

Bathroom 7' 10" x 6' 7" ( 2.39m x 2.01m )
Bath with shower mixer tap and shower screen, low level WC, wash hand basin, heated towel rail

Outside 
Residents parking and access to secure communal gardens.

We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, King's Lynn

01553 603650

Next Steps?

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