2 Bed Flat, Single Let, King's Lynn, PE30 3DQ, £155,000

71A Baldock Drive, King's Lynn, Norfolk, PE30 3DQ - 1 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 4%
69 m²
+10 photos

ValuationOvervalued

Sold Prices£55K - £295K
Sold Prices/m²£1.2K/m² - £3.5K/m²

 

 

Square Metres

69 m²
Price/m²£2.2K/m²

Value Estimate

£137,681

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£38,750

Stamp Duty & Legal Fees

£5,850

Total Cash In

£44,600

 

 

Cash Out

 

Rent Range

£700 - £1,250

Rent Estimate

£796

Running Costs/mo

£664

Cashflow/mo

£132

Cashflow/yr

£1,589

ROI

4%

Gross Yield

6%

Local Sold Prices

44 sold prices from £55K to £295K, average is £114.3K. £1.2K/m² to £3.5K/m², average is £2K/m².

PriceDateDistanceAddressBeds 
£140K12/230.05 mi69a, Baldock Drive, King's Lynn, Norfolk PE30 3DQ2
£134.5K08/230.05 mi67, Baldock Drive, King's Lynn, Norfolk PE30 3DQ2
£127.5K12/220.42 mi3, Bridge Place, King's Lynn, Norfolk PE30 4WL2
£85K09/210.53 mi29, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS2
£100K10/230.53 mi23, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS2
£142K11/230.8 mi21, Tyrrell Crescent, South Wootton, King's Lynn, Norfolk PE30 3QL2
£150K10/220.8 mi25, Tyrrell Crescent, South Wootton, King's Lynn, Norfolk PE30 3QL2
£115K09/230.83 mi38, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£55K02/230.83 mi24, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£106K09/210.83 mi38, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£70K07/210.83 mi23, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£111K08/230.83 mi14, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£107.5K11/200.83 mi5, Lavender Court, King's Lynn, Norfolk PE30 4HL2
£100K09/220.83 mi21, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL2
£111K01/231.08 mi17, Harewood Parade, King's Lynn, Norfolk PE30 2BT2
£110K12/221.12 mi11, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY2
£72K02/211.12 mi19, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY2
£106K11/221.23 mi1, Butterwick, King's Lynn, Norfolk PE30 4RF2
£113.6K06/231.26 mi64, Highgate, King's Lynn, Norfolk PE30 1PU2
£120K03/231.26 mi71, Highgate, King's Lynn, Norfolk PE30 1PU2
£90K05/211.27 miFlat 130, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS2
£111K10/221.27 miFlat 242, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS2
£80K02/211.34 mi30, Old South, King's Lynn, Norfolk PE30 4RN2
£80K04/211.34 mi29, Old South, King's Lynn, Norfolk PE30 4RN2
£110K10/221.36 mi23, Lowfield, King's Lynn, Norfolk PE30 4RH2
£130K10/231.42 miFlat 10, North Hirne Court, St Anns Street, King's Lynn, Norfolk PE30 1LT2
£130K01/231.53 mi26, Bransby Close, King's Lynn, Norfolk PE30 5RY2
£125K11/221.53 mi32, Bransby Close, King's Lynn, Norfolk PE30 5RY2
£107K06/211.55 miFlat 21, Macmillan Court, Telford Close, King's Lynn, Norfolk PE30 4TJ2
£113K11/231.56 miFlat 8, Churchill Court, Telford Close, King's Lynn, Norfolk PE30 4TZ2
£210K05/211.58 miFlat 46, Trinity Quay, Page Stair Lane, King's Lynn, Norfolk PE30 1NQ2
£104K11/201.61 mi44e, King Street, King's Lynn, Norfolk PE30 1ES2
£178K11/201.64 mi11, Old School Court, King's Lynn, Norfolk PE30 1DB2
£295K02/211.64 mi16, Old School Court, King's Lynn, Norfolk PE30 1DB2
£269K10/231.64 mi22, Old School Court, King's Lynn, Norfolk PE30 1DB2
£158.5K10/221.73 miFlat 6, Bellfosters, Kings Staithe Lane, King's Lynn, Norfolk PE30 1LZ2
£105K11/211.74 miFlat 13, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£117.5K06/211.75 mi32, Beechan Drive, King's Lynn, Norfolk PE30 4GX2
£120K01/231.75 miFlat 12, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£120K10/231.75 miFlat 22, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£122.5K05/231.75 miFlat 28, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£129.9K05/211.75 miFlat 6, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£125K12/201.76 miFlat 5, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT2
£121K12/231.88 mi133, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3JL2

Local Rents

40 rents from £700/mo to £1.3K/mo, average is £863/mo.

RentDateDistanceAddressBeds 
£85006/240.05 miBaldock Drive, KING'S LYNN2
£80007/240.05 miBaldock Drive, Amberley Grange, King's Lynn2
£89506/240.38 miKing's Lynn2
£92508/240.38 miKing's Lynn2
£72506/240.53 miLady Jane Grey Road, KING'S LYNN2
£85011/240.59 mi-2
£85006/240.6 miLady Jane Grey Road, King's Lynn, PE302
£85007/240.66 miBarnwell Road, King's Lynn, PE302
£89506/240.68 miNorth Star Court, King's Lynn, PE302
£1,25012/230.76 mi-2
£1,25001/250.76 mi-2
£1,25001/250.76 mi-2
£85006/240.76 miElsing Drive, KING'S LYNN2
£85004/240.82 mi-2
£1,00007/240.84 miRiver Lane, Gaywood, King's Lynn, PE302
£95007/240.84 miBlackford2
£85006/240.85 miElvington, KING'S LYNN2
£89507/240.85 miKings Lynn2
£85006/240.85 miElvington, SPRINGWOOD, PE302
£87509/240.89 miChew Court, King's Lynn, PE302
£70006/240.9 miThe Swan, Gaywood, Kings lynn2
£89507/240.9 miRainsthorpe2
£1,20009/240.97 miLittle Walsingham Close, South Wootton, PE302
£85006/240.99 miMill Houses, King's Lynn, PE302
£85008/240.99 miMill Houses, King's Lynn, PE302
£95007/241 miLangley Road, South Wootton, King's Lynn2
£89506/241.04 miMannington Place, South Wootton, King's Lynn, PE302
£97506/241.04 miCastleacre Close, South Wootton.2
£87506/241.08 miElvington, KING'S LYNN2
£95006/241.08 mi Tennyson Avenue, King's Lynn, King's Lynn, Pe302
£77502/251.14 mi-2
£89509/241.17 miEagle Yard, Gaywood Road, King's Lynn, PE302
£80006/241.17 miCresswell Street, King's Lynn, PE302
£80006/241.17 mi-2
£80007/241.17 mi-2
£95006/241.2 miBede Close - North Wootton2
£82506/241.21 mi-2
£1,00006/241.21 miKing George V Avenue, KING'S LYNN2
£79507/241.23 miButterwick, King's Lynn2
£82506/241.24 miBirchwood Street, King's Lynn, PE302

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.96 miles away

Nearest school

0.40 miles away

Nearest train station

1.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £155,000

October 3, 2024

Sold for £125,000

2020

Sold for £127,500

2007

Floor Plans

Description

  • TWO BEDROOM GROUND FLOOR FLAT +
  • IDEAL FOR FIRST TIME BUYERS OR INVESTORS +
  • PRESENTED IN EXCELLENT CONDITION THROUGHOUT +
  • STUNNING, MODERN KITCHEN +
  • OPEN PLAN LIVING SPACES +
  • COMMUNAL GARDEN +
  • OFF ROAD PARKING +
  • POPULAR AREA +

The Norfolk Agents are pleased to offer to the market this impressive two bedroom ground floor apartment which is presented in excellent condition throughout and would suit both first time buyers and investors. The property benefits from open plan living spaces along with generously sized bedrooms, a stunning kitchen, off road parking and access to a communal garden. The apartment is situated in a quiet area with access close by to local amenities.

Accommodation:

The property is accessed via the welcoming entrance hall which provides access in to the open plan lounge/dining room/kitchen and through to the bedrooms and bathroom. The modern fitted kitchen is finished to a high standard whilst the open plan aspect of the living space means there is plenty of space to both relax and entertain. The main bedroom is a generous double whilst bedroom two is also of a comfortable double size. The family bathroom is fitted with a three piece suite including a bath over the shower. From the hallway is a good sized storage cupboard.

Outside:

To the front of the apartment is parking on the driveway is parking for two cars whilst to the side is access to the rear communal garden.

Services:

This home has gas central heating, is double glazed throughout and has mains electric, mains water and mains drainage. There are 984 years left on the lease, and the service charge is currently £550 per year.

Council Tax Band: A

EPC Rating: C

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 please 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 💪