3 Bed Bungalow, Planning Permission, King's Lynn, PE34 4QJ, £275,000

St Johns Road, Tilney St Lawrence, PE34 4QJ - 2 years ago

Planning
~93 m²
+10 photos

ValuationOvervalued

Sold Prices£150K - £387K
Sold Prices/m²£2.1K/m² - £7.6K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£248,306

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£600 - £2,940

Rent Estimate

£849

Running Costs/mo

£1,049

Cashflow/mo

£-200

Cashflow/yr

£-2,402

Gross Yield

4%

Local Sold Prices

24 sold prices from £150K to £387K, average is £252.5K. £2.1K/m² to £7.6K/m², average is £2.7K/m².

PriceDateDistanceAddressBeds 
£290K11/220.1 mi25, Westfields Close, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QW3
£250K10/230.12 mi23, Westfields, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QP3
£255K01/210.12 mi30, St Johns Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QL3
£273K09/210.12 mi32, St Johns Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QL3
£290K10/200.15 mi41, St Johns Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QJ3
£260K08/210.2 mi3, Glynrich Mews, Terrington St John, Wisbech, Norfolk PE14 7RQ3
£268K05/210.2 mi4, Glynrich Mews, Terrington St John, Wisbech, Norfolk PE14 7RQ3
£260K12/220.2 mi23, St Johns Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QJ3
£200K06/210.21 mi6, Millfield Close, Terrington St John, Wisbech, Norfolk PE14 7RU3
£171.5K01/210.3 mi7, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ3
£205K07/230.3 mi9, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ3
£210K12/220.3 mi18, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ3
£200K06/230.31 mi18, Orchard Way, Terrington St John, Wisbech, Norfolk PE14 7TD3
£195K12/200.31 mi25, Orchard Way, Terrington St John, Wisbech, Norfolk PE14 7TD3
£170K12/200.34 mi35, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ3
£150K01/210.34 mi31, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ3
£170K06/210.34 mi33, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ3
£193.5K03/230.34 mi41, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ3
£387K01/230.37 mi31, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QY3
£360K01/210.37 mi31, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QY3
£200K09/230.37 miFourways Cottage, Main Road, Terrington St John, Wisbech, Norfolk PE14 7RR3
£330K10/220.59 mi39, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QZ3
£267K12/210.8 mi141, Church Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QG3
£300K09/230.81 mi2, Spice Chase, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RD3

Local Rents

12 rents from £600/mo to £2.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£99506/240.35 miTilney St Lawrence, King's Lynn, PE342
£1,55006/240.37 miTilney St Lawrence4
£1,25006/240.37 miTilney St Lawrence3
£80006/240.37 miMagdalen Road, PE342
£1,00006/240.39 miOrchard Close, Tilney St. Lawrence, KING'S LYNN3
£60006/241.68 mi-1
£1,60006/242 miTilney All Saints3
£2,94009/242.37 mi-5
£1,55012/242.38 mi-5
£1,55012/242.38 mi-5
£1,65006/242.38 miSundale, Walpole Highway, Wisbech, PE145
£1,65006/242.38 miWest Drove South, Walpole Highway, WISBECH5

Local Area Statistics

Population in PE34

13,973

Population in King's Lynn

108,995

Town centre distance

6.80 miles away

Nearest school

0.40 miles away

Nearest train station

4.70 miles away

 

 

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £275,000

June 19, 2023

Sold for £165,000

2006

Sold for £69,000

2001

Floor Plans

Description

An extended, deceptively spacious 3 double bedroom detached bungalow situated in a non-estate location with garden room, good size gardens and parking. The property is installed with oil fired radiator central heating, double glazing and the accommodation briefly comprises spacious entrance hall, kitchen/breakfast room, sitting room, utility room, cloakroom, 2 double bedrooms, bedroom 3/garden room and wet room.   Outside the property has car parking, good size gardens and potential to extend (subject to planning permission. The agents recommend an early inspection of this deceptive property.

The property is on a main bus route for King's Lynn and Wisbech with the bus stop being a minutes walk away, there is also an XL bus to Great Yarmouth with the bus stop being about a 5 minute walk. Tilney St Lawrence has a village school, shop, public house, village hall, post office and playing field. Approximately 2.5 miles in the adjoining village, Tilney All Saints, there is Eagles Golf Centre which also has a bar and grill on site.  There is a Doctors surgery, chemist, school, shop, public house, restaurant and village clubs in the adjoining village of Terrington St John.

Borough Council King's Lynn & West Norfolk, King's Court, Chapel Street, King's Lynn, Norfolk, PE30 1EX. Council Tax Band B. Oil fired central heating. EPC - D.

Agent Details

Belton Duffey, Kings Lynn

01553 603677

Next Steps?

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