3 Bed Terraced House, Single Let, King's Lynn, PE34 3QD, £275,000

Honey Hill, Wimbotsham, PE34 3QD - 2 years ago

BTL
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£130K - £415K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£296,990
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£900 - £1,150

Rent Estimate

£925

Running Costs/mo

£1,064

Cashflow/mo

£-139

Cashflow/yr

£-1,672

Gross Yield

4%

Local Sold Prices

35 sold prices from £130K to £415K, average is £255K. £1.4K/m² to £4.2K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£365K01/230.09 mi9, Napthans Lane, Wimbotsham, King's Lynn, Norfolk PE34 3QU3
£305K01/210.11 mi12, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£295K05/210.11 mi16, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£285K02/210.11 mi8, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£385K02/230.15 mi26, Millers Lane, Wimbotsham, King's Lynn, Norfolk PE34 3QF3
£315K06/240.16 mi7, South Side, Wimbotsham, King's Lynn, Norfolk PE34 3QA3
£265K12/200.19 mi71, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£250K10/230.19 mi79, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£227.5K10/220.19 mi50, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£240K10/200.19 mi85, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£295K08/230.19 mi85, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£350K12/220.33 mi12, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£341K05/210.33 mi69, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£295K05/210.33 mi18, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£415K12/200.79 mi129a, Broomhill, Downham Market, Norfolk PE38 9QU3
£250K11/220.84 mi7, Heron Close, Downham Market, Norfolk PE38 9QD3
£310K09/210.85 mi7, Kingfisher Road, Downham Market, Norfolk PE38 9RQ3
£255K10/220.91 mi1, Tarragon Road, Downham Market, Norfolk PE38 9UE3
£260K04/230.91 mi76, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£349.9K10/230.91 mi124, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£190K06/210.91 mi76, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£255K06/210.91 mi84, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£210K08/210.91 mi74, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£237K03/230.92 mi5, Tarragon Road, Downham Market, Norfolk PE38 9UE3
£205K03/210.93 mi7, Lavender Drive, Downham Market, Norfolk PE38 9UA3
£200K06/210.95 mi11, Saffron Close, Downham Market, Norfolk PE38 9UP3
£190K02/210.95 mi7, Saffron Close, Downham Market, Norfolk PE38 9UP3
£242K06/230.96 mi24, Rosemary Way, Downham Market, Norfolk PE38 9UB3
£130K07/220.96 mi49, Rosemary Way, Downham Market, Norfolk PE38 9UB3
£220K09/230.96 mi45, Rosemary Way, Downham Market, Norfolk PE38 9UB3
£240K11/220.98 mi4, Guiltcross Way, Downham Market, Norfolk PE38 9RE3
£275K07/220.99 mi3, Parsley Way, Downham Market, Norfolk PE38 9UN3
£240K10/221 mi13, Parsley Way, Downham Market, Norfolk PE38 9UN3
£195K07/211 mi13, Parsley Way, Downham Market, Norfolk PE38 9UN3
£267.5K06/231 mi5, Parsley Way, Downham Market, Norfolk PE38 9UN3

Local Rents

10 rents from £900/mo to £1.1K/mo, average is £963/mo.

RentDateDistanceAddressBeds 
£1,00006/241 miParsley Way, Downham Market3
£95008/241.05 miFennel Crescent, Downham Market, Norfolk, PE38 9UR3
£92506/241.14 miPiebald Close, Downham Market, Downham Market, PE383
£92508/241.14 miPiebald Close, Downham Market, Downham Market, PE383
£92506/241.15 miShelley Close, Downham Market, PE383
£97506/241.15 miLinseed Walk, Downham Market, PE383
£90008/241.15 miLinseed Walk, Downham Market, PE383
£97506/241.15 miLinseed Walk, DOWNHAM MARKET3
£1,10006/241.15 miGrimshoe Road, Downham Market3
£1,15003/241.2 miHolkham Close, Downham Market, Norfolk, PE38 9TP3

Local Area Statistics

Population in PE34

13,973

Population in King's Lynn

108,995

Town centre distance

9.31 miles away

Nearest school

0.20 miles away

Nearest train station

1.52 miles away

 

 

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £275,000

June 21, 2023

Sold for £171,000

2017

Sold for £130,000

2005

Sold for £107,995

2003

Sold for £86,500

2002

Floor Plans

Description

  • A Charming Three Bedroom Cottage +
  • Large beautifully established gardens +
  • Outside good size workshop/office +
  • Private driveway and parking to the front +
  • Wood burning stove set in a brick fire place +
  • Council Tax Band A +

A Charming Three Bedroom Cottage located within a highly desirable village on the outskirts of Downham Market. Wimbotsham offers a village pub, shop and primary school with good public transport links in to town. Inside, the property boasts a front sitting room measuring almost 13ft long with a wood burning stove set in a brick fire place, 15ft rear kitchen, a downstairs shower room with large walk in shower and three upstairs bedrooms. Outside, the property benefits from large beautifully established gardens to both the front and rear. There is a private driveway and parking to the front along with a good size workshop/office and wood store to the rear. Early viewing on such a rare property is highly recommended.

Accommodation
UPVC double glazed front entrance door to:-

Lounge
12'10" x 12'2" (3.91m x 3.71m)
UPVC double glazed window to front, Brick fireplace with wood burning stove, exposed beams, underfloor heating, stairs to first floor landing, door to:-

Kitchen/Dining Room
15'2" x 7'6" max, 6'6" min (4.62m x 2.29m, 1.99m)
UPVC double glazed window to rear, fitted with a range of matching gloss finish wall and base units, single sink and drainer unit with mixer tap over, built in single multi-function oven and ceramic hob, inset ceiling spot lights, door to storage cupboard, under floor heating.

Rear Lobby
UPVC double glazed window to rear, space for fridge freezer, door to:-

Shower room
UPVC double glazed window to rear, large walk in shower area, tiled surround, low level w.c, pedestal hand wash basin, inset ceiling spotlights, wall mounted heated towel rail, underfloor heating (excluding shower area).

First Floor Landing
Doors to all rooms, storage heater.

Bedroom One
10'0"" max x 7'8" (3.05m x 2.34m)
UPVC double glazed window to front, exposed beams.

Bedroom Two
9'4" x 6'0" (2.84m x 1.83m)
UPVC double glazed window to rear, exposed beams.

Bedroom Three
6'2" x 6'0" (1.88m x 1.83m)
UPVC double glazed window to rear.

Outside

Workshop/Office
15'9 x 9'10 (4.8m X 3m)
Made up of two areas, the main area measuring 3m by 3m this useful space has a range of wall units and base units under work surface, a butler style sink unit and well as electricity and wifi capability.

Both the front and rear gardens are beautifully maintained with a selection of flowers, shrubs, trees and lawned areas which really need to be seen to be appreciated. There is brick built wood store and garden shed.

Tenure: Freehold
Council Tax Band A
EPC F
Mains Water, Drainage and Electricity

Agents note: There is a pedestrian right of way for the neighbouring properties across the rear of the property

Agent Details

Ashton Roberts, Downham Market

01366 312320

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪