3 Bed Detached House, Planning Permission, King's Lynn, PE34 3QG, £425,000

Church Road, Wimbotsham, King's Lynn, PE34 3QG - a year ago

Planning
~93 m²
+16 photos

ValuationOvervalued

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

 

 

Square Metres

~93 m²
Price/m²£4.6K/m²

Value Estimate

£264,166

 

 

End Value (After Refurb)

£364,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£41,200

Bridging Loan Interest

£11,156

Total Cash In

£183,056

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£364,375

Mortgage (After Refinance)

£273,281

Mortgage LTV

75%

Cash Left In

£183,056

Equity

£91,094

Rent Range

£850 - £1,150

Rent Estimate

£975

Running Costs/mo

£1,354

Cashflow/mo

£-379

Cashflow/yr

£-4,544

Gross Yield

3%

Local Sold Prices

50 sold prices from £130K to £415K, average is £241K. £1.4K/m² to £4.2K/m², average is £2.9K/m².

PriceDateDistanceAddressBeds 
£350K12/220 mi12, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£341K05/210 mi69, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£295K05/210 mi18, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£385K02/230.21 mi26, Millers Lane, Wimbotsham, King's Lynn, Norfolk PE34 3QF3
£365K01/230.24 mi9, Napthans Lane, Wimbotsham, King's Lynn, Norfolk PE34 3QU3
£305K01/210.25 mi12, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£295K05/210.25 mi16, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£285K02/210.25 mi8, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£315K06/240.27 mi7, South Side, Wimbotsham, King's Lynn, Norfolk PE34 3QA3
£265K12/200.47 mi71, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£250K10/230.47 mi79, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£227.5K10/220.47 mi50, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£240K10/200.47 mi85, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£295K08/230.47 mi85, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£415K12/200.54 mi129a, Broomhill, Downham Market, Norfolk PE38 9QU3
£255K10/220.63 mi1, Tarragon Road, Downham Market, Norfolk PE38 9UE3
£237K03/230.65 mi5, Tarragon Road, Downham Market, Norfolk PE38 9UE3
£310K09/210.66 mi7, Kingfisher Road, Downham Market, Norfolk PE38 9RQ3
£200K06/210.66 mi11, Saffron Close, Downham Market, Norfolk PE38 9UP3
£190K02/210.66 mi7, Saffron Close, Downham Market, Norfolk PE38 9UP3
£205K03/210.68 mi7, Lavender Drive, Downham Market, Norfolk PE38 9UA3
£242K06/230.69 mi24, Rosemary Way, Downham Market, Norfolk PE38 9UB3
£130K07/220.69 mi49, Rosemary Way, Downham Market, Norfolk PE38 9UB3
£220K09/230.69 mi45, Rosemary Way, Downham Market, Norfolk PE38 9UB3
£275K07/220.69 mi3, Parsley Way, Downham Market, Norfolk PE38 9UN3
£240K10/220.7 mi13, Parsley Way, Downham Market, Norfolk PE38 9UN3
£195K07/210.7 mi13, Parsley Way, Downham Market, Norfolk PE38 9UN3
£267.5K06/230.7 mi5, Parsley Way, Downham Market, Norfolk PE38 9UN3
£250K11/220.71 mi7, Heron Close, Downham Market, Norfolk PE38 9QD3
£235K11/220.72 mi5, Camomile Close, Downham Market, Norfolk PE38 9UJ3
£193K05/210.75 mi3, Fennel Crescent, Downham Market, Norfolk PE38 9UR3
£225.3K11/210.75 mi3, Basil Drive, Downham Market, Norfolk PE38 9UH3
£260K04/230.77 mi76, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£349.9K10/230.77 mi124, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£190K06/210.77 mi76, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£255K06/210.77 mi84, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£210K08/210.77 mi74, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£387.5K02/240.78 mi160, Lynn Road, Downham Market, Norfolk PE38 9QG3
£205K07/230.79 mi12, Glebe Road, Downham Market, Norfolk PE38 9QJ3
£198K10/210.8 mi12, Coriander Road, Downham Market, Norfolk PE38 9WB3
£240K07/210.8 mi15, Coriander Road, Downham Market, Norfolk PE38 9WB3
£212.5K01/210.81 mi11, The Firs, Downham Market, Norfolk PE38 9SJ3
£235K09/220.83 mi2, Bay Walk, Downham Market, Norfolk PE38 9WE3
£210K09/220.83 mi4, Bay Walk, Downham Market, Norfolk PE38 9WE3
£230K11/210.83 mi2, Linseed Walk, Downham Market, Norfolk PE38 9UW3
£250K01/240.84 mi7, Stowfields, Downham Market, Norfolk PE38 9UX3
£217.5K11/200.84 mi19, Stowfields, Downham Market, Norfolk PE38 9UX3
£232K08/220.84 mi15, Stowfields, Downham Market, Norfolk PE38 9UX3
£240K11/220.84 mi4, Guiltcross Way, Downham Market, Norfolk PE38 9RE3
£243K11/220.85 mi4, Linseed Walk, Downham Market, Norfolk PE38 9UW3

Local Rents

15 rents from £850/mo to £1.1K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£1,00006/240.7 miParsley Way, Downham Market3
£95008/240.75 miFennel Crescent, Downham Market, Norfolk, PE38 9UR3
£97506/240.85 miLinseed Walk, Downham Market, PE383
£90008/240.85 miLinseed Walk, Downham Market, PE383
£97506/240.85 miLinseed Walk, DOWNHAM MARKET3
£92506/240.9 miShelley Close, Downham Market, PE383
£1,10003/240.94 miLandseer Drive, Downham Market, PE38 9NG3
£97506/240.98 miStubbs Close, DOWNHAM MARKET3
£1,00003/240.98 miStubbs Close, Downham Market, Norfolk3
£1,15003/241 miHolkham Close, Downham Market, Norfolk, PE38 9TP3
£1,10006/241.09 miGrimshoe Road, Downham Market3
£92506/241.11 miPiebald Close, Downham Market, Downham Market, PE383
£92508/241.11 miPiebald Close, Downham Market, Downham Market, PE383
£1,00007/241.23 miMallard End, Downham Market, PE383
£85006/241.24 miHigh Street, DOWNHAM MARKET3

Local Area Statistics

Population in PE34

13,973

Population in King's Lynn

108,995

Town centre distance

9.56 miles away

Nearest school

0.10 miles away

Nearest train station

1.44 miles away

 

 

Rental growth (12m)

-14%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £425,000

December 27, 2023

Sold for £360,000

2018

Sold for £260,000

2013

Sold for £68,950

1997

Floor Plans

Description

  • Period Property With 3 Bedrooms +
  • 3 Floors +
  • 20ft Kitchen +
  • Living Room and Dining Room +
  • Rear Porch/Utility +
  • Study Area +
  • Enclosed Gardens +
  • Original Features and Full of Character +
  • Council Tax Band - C +
  • EPC - E +

This BEAUTIFUL AND SUBSTANTIAL PERIOD PROPERTY is BURSTING WITH HISTORY AND CHARM whilst offering an IMPRESSIVE LEVEL OF ACCOMMODATION ACROSS THREE FLOORS. Since their ownership, the current owners have continued to enhance and improve this individual home even further retaining all of its CHARACTER whilst adding some MODERN TOUCHES AND STYLING. The roof has been fully restored and insulated. Its bold, wide front entrance door has been reproduced and replaced as have the tall sash windows that combine perfectly to retain its imposing appearance. The bathroom has been completely refurbished to an exceptional standard providing a very elegant and contemporary space that features both a walk-in shower and freestanding bath. However, the tall ceilings and fireplaces along with the presence of original features and exposed beams throughout the ground floor act as a permanent reminder of its true age and origins. Externally, it is also able to boast large, enclosed and mature gardens that provide the level of space and privacy that you would expect from such an enviable village home. Viewing in person is absolutely essential to properly absorb and appreciate the spacious flow and layout that is on offer here which internally includes a 16ft sitting room, separate dining room, 20ft kitchen, 3 double bedrooms, bathroom and first floor study area. There is also an Electronic Vehicle (EV) charging point and also planning permission for a single storey extension to the rear. Furthermore, it is positioned in the heart of this hugely popular Village and remains in walking distance of the Village Green which is the centre point from the local school, public house, convenience shop and playing field.

Agent Details

Morris Armitage, Downham Market

01366 319999

Next Steps?

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