2 Bed Flat, Single Let, King's Lynn, PE30 5LJ, £120,000

Wisbech road, Kings Lynn, PE30 5LJ - 4 views - a year ago

Sold STC
Leasehold
BTL
ROI: 8%
~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£1.8K/m²

Value Estimate

£125,340

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£4,950

Total Cash In

£34,950

 

 

Cash Out

 

Rent Range

£750 - £975

Rent Estimate

£800

Running Costs/mo

£555

Cashflow/mo

£245

Cashflow/yr

£2,940

ROI

8%

Gross Yield

8%

Local Sold Prices

37 sold prices from £55K to £295K, average is £111K. £1.2K/m² to £2.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£122.5K12/200.46 miFlat A, Harvest House, Wisbech Road, King's Lynn, Norfolk PE30 5JL2
£125K12/200.81 miFlat 5, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£120K01/230.81 miFlat 12, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£120K10/230.81 miFlat 22, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£122.5K05/230.81 miFlat 28, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£129.9K05/210.82 miFlat 6, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£105K11/210.83 miFlat 13, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£158.5K10/220.84 miFlat 6, Bellfosters, Kings Staithe Lane, King's Lynn, Norfolk PE30 1LZ2
£121K12/230.93 mi133, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3JL2
£178K11/200.99 mi11, Old School Court, King's Lynn, Norfolk PE30 1DB2
£295K02/210.99 mi16, Old School Court, King's Lynn, Norfolk PE30 1DB2
£269K10/230.99 mi22, Old School Court, King's Lynn, Norfolk PE30 1DB2
£104K11/200.99 mi44e, King Street, King's Lynn, Norfolk PE30 1ES2
£130K01/231.02 mi26, Bransby Close, King's Lynn, Norfolk PE30 5RY2
£125K11/221.02 mi32, Bransby Close, King's Lynn, Norfolk PE30 5RY2
£210K05/211.12 miFlat 46, Trinity Quay, Page Stair Lane, King's Lynn, Norfolk PE30 1NQ2
£113.6K06/231.2 mi64, Highgate, King's Lynn, Norfolk PE30 1PU2
£120K03/231.2 mi71, Highgate, King's Lynn, Norfolk PE30 1PU2
£90K05/211.2 miFlat 130, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS2
£111K10/221.2 miFlat 242, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS2
£130K10/231.2 miFlat 10, North Hirne Court, St Anns Street, King's Lynn, Norfolk PE30 1LT2
£72K02/211.37 mi19, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY2
£110K12/221.38 mi11, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY2
£111K01/231.39 mi17, Harewood Parade, King's Lynn, Norfolk PE30 2BT2
£110K10/221.81 mi23, Lowfield, King's Lynn, Norfolk PE30 4RH2
£100K09/221.85 mi21, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£115K09/231.85 mi38, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£55K02/231.85 mi24, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£106K09/211.85 mi38, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£70K07/211.85 mi23, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£111K08/231.85 mi14, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£107.5K11/201.85 mi5, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£106K11/221.89 mi1, Butterwick, King's Lynn, Norfolk PE30 4RF2
£80K02/211.94 mi30, Old South, King's Lynn, Norfolk PE30 4RN2
£80K04/211.94 mi29, Old South, King's Lynn, Norfolk PE30 4RN2
£85K09/211.98 mi29, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS2
£100K10/231.98 mi23, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS2

Local Rents

15 rents from £750/mo to £975/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£92506/240 miCoopers Court, Wisbech2
£87506/240 miCoopers Court - South Lynn2
£90009/240 miSouth Lynn - Coopers Court2
£82505/240.03 mi-2
£85002/250.26 mi-2
£85003/250.26 mi-2
£85004/250.26 mi-2
£82506/240.32 miDiamond Terrace, KING'S LYNN2
£97503/240.37 miDragonfly Way, King's Lynn, Norfolk, PE30 5GR2
£75009/230.38 mi-2
£92506/240.38 miHoney Bee Lane, King's Lynn, PE302
£92506/240.39 miDragonfly Way, King's Lynn, PE302
£92508/240.39 miHoney Bee Lane, King's Lynn, PE302
£80006/240.55 miGladstone Road, KING'S LYNN2
£80006/240.58 miFriars Street, KING'S LYNN2

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

1.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £120,000

December 4, 2024

Listed for £125,000

April 4, 2024

Floor Plans

Description

Walking distance from Kings Lynn town is this modern two bedroom ground floor apartment.

The property benefits from open plan living space which is more than generous. Seamless with it's kitchen and dining space, you then reach the living area towards the rear of the property. Completing the accommodation are two spacious bedrooms and a bathroom.

Outside, you will find a residents parking area.

Overall, this is an ideal home for first time buyers and investors. There is a main line station with rail links to Ely, Cambridge and London's Kings Cross Station and the property is being sold with no onward chain.

Agent Details

Abbotts, Kings Lynn

01553 603463

Next Steps?

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