3 Bed Terraced House, Refurb/BRRR, King's Lynn, PE30 2AF, £125,000

34 Lansdowne Street, King's Lynn, Norfolk, PE30 2AF - 6 views - a year ago

Sold STC
Refurb/BRRR
ROI: 7%
65 m²
+10 photos

ValuationFair Value

Sold Prices£110K - £330K
Sold Prices/m²£1.2K/m² - £3.2K/m²

 

 

Square Metres

65 m²
Price/m²£1.9K/m²

Value Estimate

£125,517

 

 

End Value (After Refurb)

£122,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£31,250

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£29,011

Bridging Loan Interest

£3,281

Total Cash In

£70,243

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£122,000

Mortgage (After Refinance)

£91,500

Mortgage LTV

75%

Cash Left In

£70,243

Equity

£30,500

Rent Range

£825 - £1,330

Rent Estimate

£1,007

Running Costs/mo

£603

Cashflow/mo

£404

Cashflow/yr

£4,852

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £110K to £330K, average is £155K. £1.2K/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£115K04/210.03 mi43, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£120K07/230.03 mi44, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£127K10/200.03 mi10, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£130K10/200.03 mi25, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£136.5K01/230.03 mi15, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£127K04/230.04 mi24, Loke Road, King's Lynn, Norfolk PE30 2AB3
£135K10/210.04 mi40, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£168K03/240.07 mi61, Cresswell Street, King's Lynn, Norfolk PE30 2AW3
£156K10/210.11 mi81, Loke Road, King's Lynn, Norfolk PE30 2AZ3
£125K10/210.13 mi30, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£125K08/230.13 mi49, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£185K12/220.14 mi71, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£110K08/210.14 mi64, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£123K02/230.14 mi69, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£155K08/210.18 mi20, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£128K05/210.18 mi12, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£170K12/230.19 mi9, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY3
£165K09/210.19 mi109, Loke Road, King's Lynn, Norfolk PE30 2BE3
£155K03/210.22 mi6, Albert Avenue, King's Lynn, Norfolk PE30 1EE3
£195K10/210.24 mi32, Chapel Street, King's Lynn, Norfolk PE30 1EF3
£140K03/210.26 mi5, Eastgate Street, King's Lynn, Norfolk PE30 1QX3
£190K07/230.27 mi4, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£125K03/210.27 mi14, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£145K12/220.27 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£119K10/210.27 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£145K12/230.27 mi22, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£152K12/220.27 mi26, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£186K09/210.27 mi158, Loke Road, King's Lynn, Norfolk PE30 2BW3
£118K10/230.29 mi14, Turbus Road, King's Lynn, Norfolk PE30 2DL3
£150K02/230.29 mi25, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£165K02/210.3 mi9, Homeland Road, King's Lynn, Norfolk PE30 2PP3
£200K02/210.32 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£225K10/230.32 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£180K11/200.34 mi23, Gaywood Road, King's Lynn, Norfolk PE30 2PR3
£150K09/210.35 mi9, Losinga Road, King's Lynn, Norfolk PE30 2DQ3
£118.5K06/210.37 mi52, Losinga Road, King's Lynn, Norfolk PE30 2DH3
£170K05/210.38 mi28, Highgate, King's Lynn, Norfolk PE30 1PS3
£190K05/230.39 mi45, Highgate, King's Lynn, Norfolk PE30 1PU3
£175K10/230.39 mi92, Highgate, King's Lynn, Norfolk PE30 1PU3
£150K01/210.43 mi44, Columbia Way, King's Lynn, Norfolk PE30 2LB3
£152K12/200.47 mi111, Columbia Way, King's Lynn, Norfolk PE30 2LF3
£330K10/200.47 mi2, Purfleet Place, King's Lynn, Norfolk PE30 1JH3
£170K03/210.49 mi44, Milton Avenue, King's Lynn, Norfolk PE30 2QH3
£249K05/230.49 mi44, Milton Avenue, King's Lynn, Norfolk PE30 2QH3
£185K01/210.5 mi25, River Walk, West Lynn, King's Lynn, Norfolk PE34 3LX3
£208K12/200.52 mi20, Newlands Avenue, King's Lynn, Norfolk PE30 2NJ3
£198K01/210.52 mi65, Milton Avenue, King's Lynn, Norfolk PE30 2QQ3
£251K05/220.55 mi13, Foxs Lane, West Lynn, King's Lynn, Norfolk PE34 3LY3
£222.5K08/230.55 mi9, Foxs Lane, West Lynn, King's Lynn, Norfolk PE34 3LY3
£315K05/240.55 mi36, Tennyson Avenue, King's Lynn, Norfolk PE30 2QG3

Local Rents

30 rents from £825/mo to £1.3K/mo, average is £998/mo.

RentDateDistanceAddressBeds 
£89506/240.03 miKings Lynn3
£85006/240.03 miSir Lewis Street, Kings Lynn, Norfolk, PE303
£82506/240.07 miGeorge Street, KINGS LYNN, King's Lynn, PE303
£92509/240.08 miSir Lewis Street, KING'S LYNN3
£95009/240.08 miCresswell Street, King's Lynn, King's Lynn, PE303
£89508/240.09 miSir Lewis Street, King's Lynn, PE303
£95006/240.13 miCresswell Street, KING'S LYNN3
£95006/240.18 miLoke Road, KING'S LYNN3
£1,00007/240.19 miLoke Road, KING'S LYNN3
£95006/240.2 miWoodwark Avenue3
£1,05006/240.24 miChapel Street3
£99501/250.25 mi-3
£1,00006/240.39 miKing Street, King's Lynn, PE303
£95008/240.39 miKing Street, King's Lynn, PE303
£1,33006/240.41 miKing's Lynn3
£1,00006/240.41 miBlackfriars Road - Kings Lynn3
£1,10007/240.41 miBlackfriars Road - Kings Lynn3
£92506/240.49 miKings Lynn3
£1,00006/240.51 miSt James Court, King's Lynn, PE303
£1,20008/240.51 miSt James Court, King's Lynn, PE303
£1,10008/240.53 mi30 Low Road, King's Lynn, PE303
£99509/240.53 miTennyson Avenue, King's Lynn, PE303
£1,10009/230.57 mi-3
£1,10009/230.57 mi-3
£1,00006/240.58 miPriory Lane, King's Lynn3
£1,10006/240.58 miKing George V Avenue, KING'S LYNN, PE303
£1,25006/240.59 miHISTORIC LYNN - Renovated 3 Bed Apartment with River Views3
£99506/240.6 miKing's Lynn 3
£1,10006/240.61 miKing's Lynn3
£90006/240.61 miNelson Street, King's Lynn, PE303

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.84 miles away

Nearest school

0.30 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 £125,000

April 22, 2024

Sold for £25,500

1999

Floor Plans

Description

  • Close to Local Amenities +

  • Ideal First Time Buy or Investment Opportunity +

  • Three Bedrooms +

  • In Need of Some Restoration Work +

  • Courtyard Garden +

  • No Onward Chain +

SUMMARY
Ideal first time or investment opportunity with this mid terrace three bedroom house located close to local amenities and is within easy reach of the town centre. This property is being offered with no onward chain.

DESCRIPTION
Located in North Lynn which has good local amenities including shops, school and leisure facilities. The town centre is within walking distance and has a main line station with rail links to Ely, Cambridge and London's Kings Cross Station. This mid terrace house which is in need of some restoration work comprises lounge, dining room, kitchen, bathroom and three bedrooms. Outside there is a rear courtyard. The property is being offered with no onward chain.

Double Glazed Entrance Door To 

Lounge 11' 6" x 10' 9" ( 3.51m x 3.28m )
Double glazed window, radiator

Dining Room 11' 7" x 11' 3" ( 3.53m x 3.43m )
Double glazed window, radiator, stairs to first floor

Kitchen 10' 4" x 7' ( 3.15m x 2.13m )
Range of base and wall units, roll edge work top, inset sink, space for cooker, fridge and washing machine, double glazed window, double glazed door to rear, ceramic tiled floor, wall mounted boiler

Bathroom 7' x 4' 10" ( 2.13m x 1.47m )
Bath with shower mixer tap over, low level WC, wash hand basin, double glazed window, radiator

First Floor Landing 
Loft hatch

Bedroom One 11' 7" x 10' 8" ( 3.53m x 3.25m )
Two double glazed windows, radiator, storage cupboard

Bedroom Two 8' 9" x 8' 6" ( 2.67m x 2.59m )
Double glazed window, radiator, storage cupboard

Bedroom Three 10' 3" x 6' 11" ( 3.12m x 2.11m )
Double glazed window, radiator

Outside 
Rear courtyard garden and access gate

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, King's Lynn

01553 603650

Next Steps?

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