2 Bed Semi-Detached House, Single Let, Wisbech, PE14 8JF, £175,000

116B Smeeth Road, Wisbech, Norfolk, PE14 8JF - 2 views - 9 months ago

BTL
ROI: 3%
48 m²
+15 photos

ValuationOvervalued

Sold Prices£106.7K - £257.5K
Sold Prices/m²£1K/m² - £4.5K/m²

 

 

Square Metres

48 m²
Price/m²£3.6K/m²

Value Estimate

£121,204

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£43,750

Stamp Duty & Legal Fees

£6,450

Total Cash In

£50,200

 

 

Cash Out

 

Rent Range

£600 - £2,940

Rent Estimate

£849

Running Costs/mo

£737

Cashflow/mo

£112

Cashflow/yr

£1,348

ROI

3%

Gross Yield

6%

Local Sold Prices

27 sold prices from £106.7K to £257.5K, average is £150K. £1K/m² to £4.5K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£139K11/210.01 mi114a, Smeeth Road, St Johns Fen End, Wisbech, Norfolk PE14 8JF2
£139K11/210.01 mi114a, Smeeth Road, St Johns Fen End, Wisbech, Norfolk PE14 8JF2
£184.5K11/210.45 mi1, Gambles Row, St Johns Fen End, Wisbech, Norfolk PE14 7SL2
£145K08/230.54 miMaycot, Chapel Road, Tilney Fen End, Wisbech, Norfolk PE14 8JL2
£257.5K11/230.69 mi209, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8JB2
£120K08/210.7 mi197, Smeeth Road, St Johns Fen End, Wisbech, Norfolk PE14 8JB2
£150K03/211.14 mi223, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8ES2
£210K06/231.14 mi223, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8ES2
£217K09/231.57 mi71c, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QZ2
£150K09/211.57 mi67a, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QZ2
£150K05/211.57 mi67c, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QZ2
£155K07/211.57 mi69a, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QZ2
£210K05/231.6 mi40, School Road, Terrington St John, Wisbech, Norfolk PE14 7SG2
£106.7K11/201.72 mi1, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ2
£167.5K04/231.76 mi4, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ2
£130K08/211.76 mi17, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ2
£122K06/211.76 mi7, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ2
£167K04/231.76 mi26, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ2
£172K06/211.76 mi6, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ2
£175K06/241.8 mi10, Stallett Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4HT2
£136.5K06/211.81 mi9, Stallett Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4HT2
£250K01/231.85 mi35, Magdalen Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RF2
£135K09/221.89 mi17, Magdalen Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QX2
£140K01/211.89 mi11, Magdalen Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QX2
£127.5K01/221.91 mi5, Magdalen Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QX2
£245K03/241.91 mi3, Westfields Close, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QW2
£200K08/221.95 mi7a, St Johns Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QJ2

Local Rents

12 rents from £600/mo to £2.9K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,80011/230.93 mi-4
£80006/241.89 miMagdalen Road, PE342
£1,00006/241.91 miOrchard Close, Tilney St. Lawrence, KING'S LYNN3
£99506/241.92 miTilney St Lawrence, King's Lynn, PE342
£1,65006/242.02 miWest Drove South, Walpole Highway, WISBECH5
£2,94009/242.02 mi-5
£1,55012/242.03 mi-5
£1,55012/242.03 mi-5
£1,65006/242.03 miSundale, Walpole Highway, Wisbech, PE145
£1,55006/242.25 miTilney St Lawrence4
£1,25006/242.25 miTilney St Lawrence3
£60006/242.29 mi-1

Local Area Statistics

Population in PE14

20,844

Population in Wisbech

56,030

Town centre distance

3.76 miles away

Nearest school

1 miles away

Nearest train station

4.89 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+2%

Sales demand

Buyer's market

Capital growth (5yrs)

+27%

Property History

Listed for £175,000

July 23, 2024

Sold for £87,000

2005

Sold for £42,300

2000

Sold for £33,995

1999

Sold for £28,000

1995

Floor Plans

Description

  • Close to Amenities +
  • Ideal Investment Opportunity +
  • Ideal First Time Home +
  • No Onward Chain ! +
  • Village Location +
  • Openplan Lounge / Dining Area +
  • 2 Bedroom Semi-Detached +
  • Off-Street Parking +
  • UPVC Double Glazed Windows +

Yopa are delighted to present this spacious 2 Bedroom Semi-Detached House situated in a convenient location close to local amenities. Comprising of an Entrance Porch, Openplan Lounge / Dining Area, Kitchen, Conservatory and Bathroom. With Allocated Parking Space.

This 2 Bedroom Semi-Detached House would be ideal for a First-Time Buyer or Investor. The Property comprises of am Entrance Porch, Lounge / Dining Area, Kitchen and Conservatory to the Ground Floor, with Landing, 2 Bedrooms and Bathroom to the First Floor. Enclosed rear Gardens and  Off-Street Parking.

ENTRANCE PORCH: UPVC Glazed Entrance Door and leading to: GROUND FLOOR **LOUNGE / DINING AREA: ( 11' 10" ) x ( 11' 4" ) 3.60m x 3.45m ** UPVC Double Glazed Windows to rear, Laminate Flooring and Electric Radiator and French Doors leading to: CONSERVATORY: ( 8’10” ) x ( 8’0” ) 2.70m x 2.45m UPVC Double Glazed and Brick Construction, Electric Radiator with Doors leading to Garden. KITCHEN: ( 11' 4" ) x ( 10' 8" ) 3.45m x 3.25m  UPVC Double Glazed Window to front, Range of Fitted Wall and Base Units with Fitted Worktops, Electric Oven and Hob with Extractor, Space and Plumbing for Washing Machine and Tiled Flooring. STAIRS: Fitted Carpet to Stairs and leading to: FIRST FLOOR LANDING: Fitted Carpet to Landing and Doors leading to: BEDROOM 1: ( 11' 2" ) x ( 8'0” ) 3.40m x 2.45m  UPVC Double Glazed Window to rear, Built-in Wardrobes, Electric Radiator and Fitted Carpet. BEDROOM 2: ( 11' 4" ) x ( 6' 7" ) 3.45m x 2.00m UPVC Double Glazed Window to front, Electric Radiator and Fitted Carpet. **BATHROOM: ( 8' 2" ) x ( 4' 7" ) 2.50m x 1.40m ** UPVC Double Glazed Window to side, Fitted Panel Bath with Mixer Taps, Shower Over, Tiled Splashbacks, Hand Basin with Mixer Tap, Low-Level W/C, Radiator and Vinyl Flooring. SERVICES: Main Water, Drainage, Electricity and Electric Central Heating. Marshland St. James is a Village 11 miles south-west of King’s Lynn with a population of approximately 1,000. It extends primarily along Smeeth Road, the central part being south of its junction with Walton Road, and north to the Village Hall. The village has a small range of services including a Primary School, and a playing field with a large play area facility.

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Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate. Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.

Agent Details

Yopa, East Anglia & London

01270 447764

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