3 Bed Terraced House, Single Let, King's Lynn, PE30 5HN, £115,000

2 Lynwood Terrace, King's Lynn, Norfolk, PE30 5HN - 5 views - 10 months ago

Sold STC
BTL
ROI: 10%
94 m²
+13 photos

ValuationUndervalued

Sold Prices£95K - £395K
Sold Prices/m²£992/m² - £3.9K/m²

 

 

Square Metres

94 m²
Price/m²£1.2K/m²

Value Estimate

£156,250
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£4,950

Total Cash In

£33,700

 

 

Cash Out

 

Rent Range

£800 - £1,400

Rent Estimate

£900

Running Costs/mo

£559

Cashflow/mo

£341

Cashflow/yr

£4,088

ROI

12%

Gross Yield

9%

Local Sold Prices

50 sold prices from £95K to £395K, average is £168.8K. £992/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£170K10/230.05 mi4, Guanock Terrace, King's Lynn, Norfolk PE30 5QT3
£245K07/230.05 mi2, Guanock Place, King's Lynn, Norfolk PE30 5QJ3
£195K10/200.05 mi2, Guanock Place, King's Lynn, Norfolk PE30 5QJ3
£135K07/210.06 mi44, Checker Street, King's Lynn, Norfolk PE30 5AS3
£178K12/200.1 mi46, Windsor Road, King's Lynn, Norfolk PE30 5PL3
£195K04/210.1 mi10, Guanock Terrace, King's Lynn, Norfolk PE30 5QT3
£150K12/230.1 mi5, Cromwell Terrace, King's Lynn, Norfolk PE30 5AX3
£215K07/230.11 mi45, Friars Street, King's Lynn, Norfolk PE30 5AP3
£162.5K06/210.11 mi73, Friars Street, King's Lynn, Norfolk PE30 5AP3
£153K01/210.11 mi20, Friars Street, King's Lynn, Norfolk PE30 5AP3
£207.5K05/230.11 mi48, Friars Street, King's Lynn, Norfolk PE30 5AP3
£130K03/210.11 mi10, Valingers Road, King's Lynn, Norfolk PE30 5HD3
£174.9K12/200.12 mi17, York Road, King's Lynn, Norfolk PE30 5RB3
£250K08/230.13 mi53, Vancouver Avenue, King's Lynn, Norfolk PE30 5RD3
£189K05/230.13 mi71, Vancouver Avenue, King's Lynn, Norfolk PE30 5RD3
£163.8K01/240.18 mi108, London Road, King's Lynn, Norfolk PE30 5ES3
£150K05/210.22 mi13, Carmelite Terrace, King's Lynn, Norfolk PE30 5AF3
£220K03/210.24 mi72, Sidney Street, King's Lynn, Norfolk PE30 5RF3
£192K11/200.24 mi43, Sidney Street, King's Lynn, Norfolk PE30 5RF3
£230K12/200.24 mi26, Sidney Street, King's Lynn, Norfolk PE30 5RF3
£310K03/210.24 mi37, Extons Gardens, King's Lynn, Norfolk PE30 5PF3
£167.5K05/210.27 mi37, Bridge Street, King's Lynn, Norfolk PE30 5AB3
£145K12/200.28 mi2, Yoxford Court, King's Lynn, Norfolk PE30 5PP3
£245K12/220.28 mi6, Yoxford Court, King's Lynn, Norfolk PE30 5PP3
£130K05/210.28 mi11, Wisbech Road, King's Lynn, Norfolk PE30 5JN3
£143K10/230.3 mi14, Diamond Street, King's Lynn, Norfolk PE30 5LX3
£182K10/230.3 mi7, Winfarthing Avenue, King's Lynn, Norfolk PE30 5LY3
£135K12/200.3 mi15, Winfarthing Avenue, King's Lynn, Norfolk PE30 5LY3
£95K06/210.31 mi15, Wisbech Road, King's Lynn, Norfolk PE30 5JW3
£118K06/210.34 mi30, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£180K08/230.36 mi28, Wisbech Road, King's Lynn, Norfolk PE30 5JP3
£245K01/230.36 mi2, Ruddy Duck Lane, King's Lynn, Norfolk PE30 5DP3
£108K05/210.37 mi16, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£102K11/200.37 mi17, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£120K01/240.37 mi28, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£165K01/210.39 mi30, Saddlebow Road, King's Lynn, Norfolk PE30 5BH3
£177.5K05/230.39 mi34, Saddlebow Road, King's Lynn, Norfolk PE30 5BH3
£145K07/210.4 mi50, Holcombe Avenue, King's Lynn, Norfolk PE30 5NY3
£197.5K06/210.4 mi59, Holcombe Avenue, King's Lynn, Norfolk PE30 5NY3
£230K02/240.4 mi49, Holcombe Avenue, King's Lynn, Norfolk PE30 5NY3
£215K08/210.4 mi22, Holcombe Avenue, King's Lynn, Norfolk PE30 5NY3
£185K01/210.41 mi59, Wisbech Road, King's Lynn, Norfolk PE30 5JS3
£395K04/210.41 mi46, Extons Road, King's Lynn, Norfolk PE30 5NT3
£130K11/200.41 mi17, Kitchener Street, King's Lynn, Norfolk PE30 5BJ3
£117.5K06/230.42 mi3, Ouse Avenue, King's Lynn, Norfolk PE30 5LS3
£105K04/230.42 mi7, Ouse Avenue, King's Lynn, Norfolk PE30 5LS3
£160K01/230.43 mi97, Saddlebow Road, King's Lynn, Norfolk PE30 5BN3
£165K12/220.45 mi28, Metcalf Avenue, King's Lynn, Norfolk PE30 5JT3
£161.5K09/230.47 mi22, Queens Avenue, King's Lynn, Norfolk PE30 5LR3
£270K01/230.48 mi3, Park Avenue, King's Lynn, Norfolk PE30 5NJ3

Local Rents

30 rents from £800/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,10007/240.01 miLondon Road, King's Lynn3
£90006/240.08 miNorth Everard Street, Kings Lynn, Norfolk3
£1,10007/240.1 miWindsor Road, KING'S LYNN3
£99504/250.1 mi-3
£1,20010/240.1 mi-3
£1,05006/240.1 miFriars Street, King's Lynn, PE303
£1,20006/240.12 miEthel Terrace, Kings Lynn3
£80007/240.13 miGladstone Road, King's Lynn, Norfolk3
£82501/240.17 mi-3
£1,10006/240.18 mi-3
£1,10006/240.18 mi-3
£1,10008/240.32 mi30 Low Road, King's Lynn, PE303
£1,25012/240.34 mi-3
£87507/240.35 miHockham Street, King's Lynn, PE303
£1,05007/240.36 miSandpiper Way, King's Lynn3
£90006/240.37 miNelson Street, King's Lynn, PE303
£1,00006/240.39 miPriory Lane, King's Lynn3
£1,00006/240.39 miSt James Court, King's Lynn, PE303
£1,20008/240.39 miSt James Court, King's Lynn, PE303
£1,40006/240.41 miWisbech Road, KING'S LYNN3
£1,10006/240.41 miKing's Lynn3
£85004/250.43 mi-3
£1,00006/240.43 miBlackfriars Road - Kings Lynn3
£1,10007/240.43 miBlackfriars Road - Kings Lynn3
£1,25006/240.49 miHISTORIC LYNN - Renovated 3 Bed Apartment with River Views3
£1,10008/240.5 miDragonfly Way, King's Lynn, PE303
£1,05008/240.52 miExtons Place, Kings Lynn3
£1,10012/230.54 mi-3
£99508/240.56 miHoney Bee Lane, King's Lynn, PE303
£99506/240.59 miKing's Lynn 3

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.96 miles away

Nearest school

0.20 miles away

Nearest train station

0.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £115,000

December 4, 2024

Listed for £125,000

June 12, 2024

Sold for £33,000

1995

Description

  • Close to Town Centre +
  • Town House +
  • Three Storey +
  • Three Bedrooms +
  • Two Reception Rooms +
  • Courtyard Garden +
  • No Onward Chain +

SUMMARY
Ideal first time buy or investment opportunity with this three bedroom three storey town house within walking distance of the town centre and its amenities. The property is being offered with no onward chain.

DESCRIPTION
Located on the fringe of the town centre of Kings Lynn which has a wide range of amenities including shops, schools and leisure facilities and a main line station with rail links to Ely, Cambridge and London's Kings Cross Station. This three storey town house comprises entrance hall, cloakroom, sitting room, first floor has lounge and a kitchen, 2nd floor has three bedrooms and a bathroom. Outside there is a courtyard garden

Entrance Door To:- 

Entrance Hall 
Stairs to first floor, storage cupboard, radiator, double glazed door to rear

Cloakroom 
Low level WC, wash hand basin, double glazed window

Sitting Room 10' 4" x 9' ( 3.15m x 2.74m )
Double glazed window, radiator

First Floor Landing 
Airing cupboard, stairs to 2nd floor, double glazed window

Lounge 14' 10" x 10' 5" ( 4.52m x 3.17m )
Two double glazed windows, two radiators

Kitchen 15' 3" x 8' 11" ( 4.65m x 2.72m )
Range of base and wall units, roll edge work top, inset stainless steel sink, space for cooker, washing machine and fridge freezer, double glazed window radiator

2nd Floor Landing 
Loft hatch

Bedroom One 14' 3" x 9' ( 4.34m x 2.74m )
Double glazed window, radiator

Bedroom Two 11' x 5' 9" ( 3.35m x 1.75m )
Double glazed window, radiator

Bedroom Three 11' 10" x 5' 8" ( 3.61m x 1.73m )
Double glazed window, radiator

Bathroom 
Bath, low level WC, wash hand basin, double glazed window, part tiled walls, radiator

Outside 
Rear courtyard

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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