2 Bed Terraced House, Single Let, King's Lynn, PE30 3UB, £190,000

Langley Road, South Wootton, PE30 3UB - 8 months ago

Sold STC
BTL
ROI: 1%
~68 m²
+5 photos

ValuationUndervalued

Sold Prices£125K - £300K
Sold Prices/m²£2.1K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.8K/m²

Value Estimate

£215,658
BMV14%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£6,900

Total Cash In

£54,400

 

 

Cash Out

 

Rent Range

£800 - £1,200

Rent Estimate

£838

Running Costs/mo

£781

Cashflow/mo

£57

Cashflow/yr

£680

ROI

1%

Gross Yield

5%

Local Sold Prices

48 sold prices from £125K to £300K, average is £199K. £2.1K/m² to £4.9K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£170K01/230.01 mi44, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UB2
£170K01/230.04 mi17, Rainsthorpe, South Wootton, King's Lynn, Norfolk PE30 3UF2
£162.5K05/230.04 mi3, Rainsthorpe, South Wootton, King's Lynn, Norfolk PE30 3UF2
£125K03/230.06 mi5, Chew Court, King's Lynn, Norfolk PE30 3XP2
£197.5K03/240.09 mi42, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UB2
£175K11/230.09 mi55, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£157.5K12/200.09 mi63, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£232.5K04/230.09 mi1, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£175K11/200.09 mi7, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£160K12/200.09 mi57, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£230K07/230.09 mi7, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£285K03/230.11 mi34, Euston Way, South Wootton, King's Lynn, Norfolk PE30 3TX2
£198K05/210.11 mi21, Euston Way, South Wootton, King's Lynn, Norfolk PE30 3TX2
£200K04/210.11 mi50, Euston Way, South Wootton, King's Lynn, Norfolk PE30 3TX2
£215K10/230.13 mi21, Blackford, King's Lynn, Norfolk PE30 3UL2
£220K02/210.15 mi11, Ickworth Close, South Wootton, King's Lynn, Norfolk PE30 3TZ2
£160K02/210.15 mi1, Ickworth Close, South Wootton, King's Lynn, Norfolk PE30 3TZ2
£165K02/230.18 mi56, Burghley Road, South Wootton, King's Lynn, Norfolk PE30 3TU2
£185K02/210.18 mi28, Burghley Road, South Wootton, King's Lynn, Norfolk PE30 3TU2
£252K12/220.18 mi4, Burghley Road, South Wootton, King's Lynn, Norfolk PE30 3TU2
£155K01/230.19 mi10, Colney Court, King's Lynn, Norfolk PE30 3UY2
£130K05/240.19 mi11, Colney Court, King's Lynn, Norfolk PE30 3UY2
£218K10/230.23 mi62, Temple Road, King's Lynn, Norfolk PE30 3SS2
£228K12/230.23 mi32, Temple Road, King's Lynn, Norfolk PE30 3SS2
£300K11/230.27 mi25, Barsham Drive, South Wootton, King's Lynn, Norfolk PE30 3TT2
£286.5K01/210.55 mi10, Ennerdale Drive, South Wootton, King's Lynn, Norfolk PE30 3NZ2
£250K12/200.61 miKingston, Common Lane, South Wootton, King's Lynn, Norfolk PE30 3HW2
£269.9K02/210.63 mi28, Willow Park, King's Lynn, Norfolk PE30 3BP2
£185K04/240.71 mi130, Elvington, King's Lynn, Norfolk PE30 4UX2
£155K01/210.72 mi151, Elvington, King's Lynn, Norfolk PE30 4UX2
£212K01/240.72 mi8, Peppers Green, King's Lynn, Norfolk PE30 3DA2
£210K03/210.74 mi16, Suffield Way, King's Lynn, Norfolk PE30 3DE2
£136K03/210.76 mi3, Baldock Drive, King's Lynn, Norfolk PE30 3DG2
£207.5K07/230.81 mi22, Horton Road, King's Lynn, Norfolk PE30 4XU2
£300K11/210.82 mi20, Rushmead Close, South Wootton, King's Lynn, Norfolk PE30 3LY2
£190K11/230.83 mi14, Sawston, King's Lynn, Norfolk PE30 4XT2
£183K06/210.83 mi17, Peterscourt, King's Lynn, Norfolk PE30 4XZ2
£210K08/230.83 mi12, Bracken Road, South Wootton, King's Lynn, Norfolk PE30 3LP2
£210K02/230.85 mi7, Crofters Close, King's Lynn, Norfolk PE30 3PQ2
£235K11/230.86 mi14, James Close, King's Lynn, Norfolk PE30 3SH2
£250K09/210.86 mi2, Crofters Close, King's Lynn, Norfolk PE30 3PQ2
£200K06/210.86 mi6, Crofters Close, King's Lynn, Norfolk PE30 3PQ2
£175K01/210.88 mi38, Spenser Road, King's Lynn, Norfolk PE30 3DP2
£175K08/210.89 mi28, Edinburgh Avenue, Gaywood, King's Lynn, Norfolk PE30 4DG2
£170K03/210.91 mi9, Barnwell Road, Gaywood, King's Lynn, Norfolk PE30 4DQ2
£219K05/240.91 mi175, Wootton Road, Gaywood, King's Lynn, Norfolk PE30 4DW2
£200K02/230.96 mi32, Daseleys Close, King's Lynn, Norfolk PE30 3SL2
£148K12/200.96 mi48, Daseleys Close, King's Lynn, Norfolk PE30 3SL2

Local Rents

21 rents from £800/mo to £1.2K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£89507/240.04 miRainsthorpe2
£87509/240.06 miChew Court, King's Lynn, PE302
£95007/240.09 miLangley Road, South Wootton, King's Lynn2
£89506/240.12 miMannington Place, South Wootton, King's Lynn, PE302
£95007/240.13 miBlackford2
£85006/240.26 miElsing Drive, KING'S LYNN2
£85006/240.71 miElvington, KING'S LYNN2
£89507/240.71 miKings Lynn2
£85006/240.72 miElvington, SPRINGWOOD, PE302
£89506/240.78 miKing's Lynn2
£92508/240.78 miKing's Lynn2
£87506/240.84 miElvington, KING'S LYNN2
£85012/240.88 mi-2
£85006/240.89 miBaldock Drive, KING'S LYNN2
£80007/240.89 miBaldock Drive, Amberley Grange, King's Lynn2
£85007/240.91 miBarnwell Road, King's Lynn, PE302
£1,20009/240.92 miLittle Walsingham Close, South Wootton, PE302
£97506/240.99 miCastleacre Close, South Wootton.2
£95006/241.14 miHickling, Kings Lynn2
£87506/241.18 miBarrett Close, King's Lynn, PE302
£87506/241.18 miBarrett Close, King's Lynn, PE302

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

1.46 miles away

Nearest school

0.30 miles away

Nearest train station

2.11 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £190,000

August 13, 2024

Floor Plans

Description

  • 2-BEDROOM MID-TERRACED HOUSE IN A HIGHLY SOUGHT AFTER LOCATION +
  • RECENTLY REFURBISHED THROUGHOUT +
  • FRONT & REAR GARDENS +
  • OFF-ROAD PARKING +
  • SITUATED 3 MILES FROM KING'S LYNN TOWN CENTRE +
  • NO ONWARD CHAIN +

The Norfolk Agents are pleased to offer this mid-terraced house which has recently been refurbished and offers accommodation including:- Living Room and Kitchen/Diner to the ground floor, along with Landing, Two Bedrooms and Bathroom to the first floor. The property which benefits from UPVC double glazing and gas central heating has had a new kitchen, new bathroom, new gas boiler, new consumer unit, mains wired smoke alarms and new flooring throughout. Outside there are gardens to the front and rear along with off-road parking.

The property is situated in a popular location close to local services and bus stop, approximately 3 miles from King's Lynn town centre. South Wootton offers a good range of local facilities including schools, public houses, supermarket, hairdressers etc and the large market town of King's Lynn offers more extensive facilities including Alive Leisure Centre, swimming pool, shops, pubs, restaurants and popular historic Quay area. The North Norfolk Coast is approximately 30 minutes drive away. Kings Lynn also has the benefit of a main line rail link to Ely, Cambridge and London Kings Cross.

Accommodation:

On the ground floor of the property there is a spacious living room, offering plenty of natural light, there is a storage cupboard under the stairs and this room leads through in the modern and well equipped kitchen dining room, from here there is access out to the rear garden.

The first floor offers two well proportioned bedrooms along with the well equipped, modern bathroom which is fitted with a three piece suite. There is also a storage cupboard located on the landing.

Outside:

The front of the property is largely laid to gravel with a path leading up to the property. To the back of the home the garden is laid mainly to gravel and enclosed by fencing with a paved patio area and path to a gate at the rear which gives access to a parking space for one car in the communal car park.

Services:

This property has mains electricity, mains gas, mains water, mains drainage.

COUNCIL TAX BAND: Band A - £1474.11 for 2024/25

ENERGY PERFORMANCE RATING: D

1. 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.

2. 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.

3. The measurements indicated are supplied for guidance only.

4. 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.

5. 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?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪