5 Bed Terraced House, Planning Permission, King's Lynn, PE30 1ES, £475,000

16 King Street, King's Lynn, Norfolk, PE30 1ES - a year ago

Planning
99 m²
+16 photos

ValuationOvervalued

Sold Prices£283.5K - £675K
Sold Prices/m²£1.3K/m² - £5.4K/m²

 

 

Square Metres

99 m²
Price/m²£4.8K/m²

Value Estimate

£221,447

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£800 - £1,330

Rent Estimate

£816

Running Costs/mo

£1,668

Cashflow/mo

£-852

Cashflow/yr

£-10,219

Gross Yield

2%

Local Sold Prices

20 sold prices from £283.5K to £675K, average is £392.5K. £1.3K/m² to £5.4K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£600K11/230.1 mi3, Kings Staithe Square, King's Lynn, Norfolk PE30 1JE5
£365K06/210.59 mi3, Buttercup Lane, West Lynn, King's Lynn, Norfolk PE34 3LU5
£283.5K11/210.73 mi11, Tennyson Avenue, King's Lynn, Norfolk PE30 2QG5
£300K08/230.74 mi92, Tennyson Road, King's Lynn, Norfolk PE30 5NG5
£457.6K08/230.76 mi57, Goodwins Road, King's Lynn, Norfolk PE30 5PE5
£370K04/240.8 mi5, Avenue Road, King's Lynn, Norfolk PE30 5NN5
£405K09/231.14 mi37, River Lane, Gaywood, King's Lynn, Norfolk PE30 4HD5
£385K12/221.42 mi71, Gayton Road, Gaywood, King's Lynn, Norfolk PE30 4EF5
£354K04/211.59 mi3, Cedar Row, King's Lynn, Norfolk PE30 3BA5
£550K11/231.73 mi11, Baldwin Road, King's Lynn, Norfolk PE30 4AL5
£515K05/211.94 mi94, Gayton Road, King's Lynn, Norfolk PE30 4ER5
£675K07/232.08 miMarsh House, Hall Lane, South Wootton, King's Lynn, Norfolk PE30 3LQ5
£360K05/212.12 mi33, Low Road, South Wootton, King's Lynn, Norfolk PE30 3NN5
£425K11/202.15 mi4a, Elmhurst Drive, South Wootton, King's Lynn, Norfolk PE30 3LA5
£355K12/222.24 mi101, Reffley Lane, King's Lynn, Norfolk PE30 3SR5
£488K01/212.43 mi30, Station Road, Clenchwarton, King's Lynn, Norfolk PE34 4DG5
£400K04/212.64 mi28, Back Lane, West Winch, King's Lynn, Norfolk PE33 0LF5
£298K04/212.66 mi11, Wimpole Drive, South Wootton, King's Lynn, Norfolk PE30 3UH5
£557.5K02/212.79 mi114, Grimston Road, South Wootton, King's Lynn, Norfolk PE30 3NS5
£290K08/212.85 mi9, All Saints Drive, North Wootton, King's Lynn, Norfolk PE30 3RX5

Local Rents

31 rents from £800/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,33006/240.03 miKing's Lynn3
£1,00006/240.05 miKing Street, King's Lynn, PE303
£95008/240.05 miKing Street, King's Lynn, PE303
£1,05006/240.16 miChapel Street3
£1,25006/240.21 miHISTORIC LYNN - Renovated 3 Bed Apartment with River Views3
£1,00006/240.23 miSt James Court, King's Lynn, PE303
£1,20008/240.23 miSt James Court, King's Lynn, PE303
£1,00006/240.25 miPriory Lane, King's Lynn3
£1,10006/240.26 miKing's Lynn3
£90006/240.28 miNelson Street, King's Lynn, PE303
£1,00006/240.33 miBlackfriars Road - Kings Lynn3
£1,10007/240.33 miBlackfriars Road - Kings Lynn3
£89506/240.4 miKings Lynn3
£1,10008/240.41 mi30 Low Road, King's Lynn, PE303
£85006/240.41 miSir Lewis Street, Kings Lynn, Norfolk, PE303
£82506/240.45 miGeorge Street, KINGS LYNN, King's Lynn, PE303
£92509/240.45 miSir Lewis Street, KING'S LYNN3
£89508/240.47 miSir Lewis Street, King's Lynn, PE303
£95009/240.47 miCresswell Street, King's Lynn, King's Lynn, PE303
£82501/240.47 mi-3
£95006/240.52 miLoke Road, KING'S LYNN3
£95006/240.52 miCresswell Street, KING'S LYNN3
£1,00007/240.54 miLoke Road, KING'S LYNN3
£90006/240.55 miNorth Everard Street, Kings Lynn, Norfolk3
£95006/240.56 miWoodwark Avenue3
£1,15010/230.58 mi-4
£1,05001/250.58 mi-4
£1,05006/240.58 miFriars Street, King's Lynn, PE303
£80007/240.59 miGladstone Road, King's Lynn, Norfolk3
£99502/250.61 mi-3
£1,10007/240.62 miWindsor Road, KING'S LYNN3

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

1.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £475,000

March 22, 2024

Sold for £249,000

2007

Sold for £190,000

2006

Sold for £62,500

1996

Floor Plans

Description

  • GRADE II LISTED TOWN HOUSE IN THE CENTRE OF KINGS LYNN +
  • FILLED WITH CHARM AND CHARACTER +
  • SITUATED CLOSE TO LOCAL AMENITIES INCLUDING MAINLINE STATION TO CAMBRIDGE AND LONDON +
  • FLEXIBLE LIVING ACCOMMODATION OVER FOUR FLOORS +
  • POTENTIAL TO ADAPT TO CREATE UP TO FOUR FURTHER BEDROOMS +
  • PRIVATE AND ENCLOSED WALLED COURTYARD GARDEN +
  • OPPORTUNITY TO CONVERT ROOF SPACE FOR USE OF OFFICE/PLAY ROOM +
  • AVAILABLE WITH NO ONWARD CHAIN +

The Norfolk Agents are pleased to offer this Grade II listed building situated in the centre of the busy market town of Kings Lynn. There are direct rail links to Cambridge and London and the North Norfolk Coast is within easy reach.

The property looks upon the historic King's Street which in turn leads to the Tuesday Market Place this is believed to be the oldest market square in Europe. The property is approximately 250 years old and adjoins a private and secluded courtyard garden which dates back to around 400 years. Enjoying plenty of sunshine the garden offers many interesting features whilst an ornamental grape vine offers shade.

Accommodation:

The ground floor offers a well appointed kitchen/dining room along with a spacious lounge with large sash windows overlooking the main street and to the rear of the property is a garden room with access to the courtyard garden.

Upstairs to the first floor are two generously sized bedrooms, one of which is used as a wellness massage therapy room and has planning permission for business use. The family bathroom is also located on the first floor. The second floor offers a further large bedroom, an additional shower room and also access to a loft space which could be converted to create another bedroom/office/childrens playroom (STPP). The third floor of the property plays home to a beautiful attic room with exposed beams. From here there are panoramic views of the townscape.

Outside:

 To the rear of the property is a private and enclosed courtyard space, the walled garden is believed to date back circa 400 years. Currently there is no allocated parking with this property. However, there is potential for an agreement with a neighbouring property.

Services:

Gas central heating, mains drainage, mains water, mains electric.

Tenure:

Freehold

Council Tax Band: B

EPC Rating: Exempt, as Grade II listed.

Purchasers will be asked to produce ID to satisfy money laundering regulations and we would ask for your co-operation in providing the relevant documentation.

While we endeavour to make our sales details fair, accurate and reliable, they are only a general guide to the property. If there is any point which is of particular importance to you, please contact the office and we will be pleased to make further investigations.

The measurements indicated are supplied for guidance only.

Please note we have not tested the services or any of the equipment or appliances in this property. We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. THE NORFOLK AGENTS LIMITED NOR ANY OF ITS EMPLOYEES HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATSOEVER IN RELATION TO THIS PROPERTY.

Agent Details

The Norfolk Agents, Kings Lynn

01553 603396

Next Steps?

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