2 Bed Flat, Single Let, King's Lynn, PE30 5LJ, £125,000

Wisbech Road, King's Lynn, Norfolk, PE30 5LJ - 3 views - 6 months ago

Sold STC

Leasehold

BTL

ROI: 8%

~68 m²

+5 photos

ValuationFair Value

Sold Prices	£55K - £295K
Sold Prices/m²	£1.2K/m² - £2.5K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£125,340£125,340

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£31,250£31,250
Stamp Duty & Legal Fees	£4,950£4,950
Total Cash In	£36,200£36,200

Cash Out
Rent Range	£750 - £975£750 - £975
Rent Estimate	£800
Running Costs/mo	£571£571
Cashflow/mo	£229£229
Cashflow/yr	£2,753£2,753
ROI	8%8%
Gross Yield	8%8%

Local Sold Prices

37 sold prices from £55K to £295K, average is £111K. £1.2K/m² to £2.5K/m², average is £1.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£122.5K	12/20	0.46 mi	Flat A, Harvest House, Wisbech Road, King's Lynn, Norfolk PE30 5JL	£1,655	74	2	Flat
£125K	12/20	0.81 mi	Flat 5, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT	-	-	2	Flat
£120K	01/23	0.81 mi	Flat 12, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT	-	-	2	Flat
£120K	10/23	0.81 mi	Flat 22, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT	£2,308	52	2	Flat
£122.5K	05/23	0.81 mi	Flat 28, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT	-	-	2	Flat
£129.9K	05/21	0.82 mi	Flat 6, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT	-	-	2	Flat
£105K	11/21	0.83 mi	Flat 13, Three Crowns House, South Quay, King's Lynn, Norfolk PE30 5DT	-	-	2	Flat
£158.5K	10/22	0.84 mi	Flat 6, Bellfosters, Kings Staithe Lane, King's Lynn, Norfolk PE30 1LZ	-	-	2	Flat
£121K	12/23	0.93 mi	133, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3JL	£1,921	63	2	Flat
£178K	11/20	0.99 mi	11, Old School Court, King's Lynn, Norfolk PE30 1DB	£2,253	79	2	Flat
£295K	02/21	0.99 mi	16, Old School Court, King's Lynn, Norfolk PE30 1DB	-	-	2	Flat
£269K	10/23	0.99 mi	22, Old School Court, King's Lynn, Norfolk PE30 1DB	£2,402	112	2	Flat
£104K	11/20	0.99 mi	44e, King Street, King's Lynn, Norfolk PE30 1ES	£2,364	44	2	Flat
£130K	01/23	1.02 mi	26, Bransby Close, King's Lynn, Norfolk PE30 5RY	-	-	2	Flat
£125K	11/22	1.02 mi	32, Bransby Close, King's Lynn, Norfolk PE30 5RY	£2,528	49	2	Flat
£210K	05/21	1.12 mi	Flat 46, Trinity Quay, Page Stair Lane, King's Lynn, Norfolk PE30 1NQ	-	-	2	Flat
£113.6K	06/23	1.2 mi	64, Highgate, King's Lynn, Norfolk PE30 1PU	£1,862	61	2	Flat
£120K	03/23	1.2 mi	71, Highgate, King's Lynn, Norfolk PE30 1PU	£1,818	66	2	Flat
£90K	05/21	1.2 mi	Flat 130, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS	-	-	2	Flat
£111K	10/22	1.2 mi	Flat 242, The Maltings, Swiss Terrace, King's Lynn, Norfolk PE30 2QS	-	-	2	Flat
£130K	10/23	1.2 mi	Flat 10, North Hirne Court, St Anns Street, King's Lynn, Norfolk PE30 1LT	-	-	2	Flat
£72K	02/21	1.37 mi	19, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY	£1,286	56	2	Flat
£110K	12/22	1.38 mi	11, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY	£2,157	51	2	Flat
£111K	01/23	1.39 mi	17, Harewood Parade, King's Lynn, Norfolk PE30 2BT	£2,044	54	2	Flat
£110K	10/22	1.81 mi	23, Lowfield, King's Lynn, Norfolk PE30 4RH	-	-	2	Flat
£100K	09/22	1.85 mi	21, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL	£1,786	56	2	Flat
£115K	09/23	1.85 mi	38, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL	£2,170	53	2	Flat
£55K	02/23	1.85 mi	24, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL	-	-	2	Flat
£106K	09/21	1.85 mi	38, Lavender Court, King's Lynn, Norfolk PE30 4HL	£2,000	53	2	Flat
£70K	07/21	1.85 mi	23, Lavender Court, King's Lynn, Norfolk PE30 4HL	£1,207	58	2	Flat
£111K	08/23	1.85 mi	14, Lavender Court, Gaywood, King's Lynn, Norfolk PE30 4HL	£1,790	62	2	Flat
£107.5K	11/20	1.85 mi	5, Lavender Court, King's Lynn, Norfolk PE30 4HL	£1,991	54	2	Flat
£106K	11/22	1.89 mi	1, Butterwick, King's Lynn, Norfolk PE30 4RF	-	-	2	Flat
£80K	02/21	1.94 mi	30, Old South, King's Lynn, Norfolk PE30 4RN	£1,501	53	2	Flat
£80K	04/21	1.94 mi	29, Old South, King's Lynn, Norfolk PE30 4RN	£1,231	65	2	Flat
£85K	09/21	1.98 mi	29, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS	£1,466	58	2	Flat
£100K	10/23	1.98 mi	23, Lady Jane Grey Road, King's Lynn, Norfolk PE30 2NS	£1,786	56	2	Flat

Local Rents

15 rents from £750/mo to £975/mo, average is £850/mo.

Rent	Date	Distance	Address	Beds	Type
£925	06/24	0 mi	Coopers Court, Wisbech	2	Flat
£875	06/24	0 mi	Coopers Court - South Lynn	2	Flat
£900	09/24	0 mi	South Lynn - Coopers Court	2	Flat
£825	05/24	0.03 mi	-	2	Flat
£850	02/25	0.26 mi	-	2	Terraced House
£850	03/25	0.26 mi	-	2	Terraced House
£850	04/25	0.26 mi	-	2	Terraced House
£825	06/24	0.32 mi	Diamond Terrace, KING'S LYNN	2	Flat
£975	03/24	0.37 mi	Dragonfly Way, King's Lynn, Norfolk, PE30 5GR	2	Terraced House
£750	09/23	0.38 mi	-	2	Flat
£925	06/24	0.38 mi	Honey Bee Lane, King's Lynn, PE30	2	Terraced House
£925	06/24	0.39 mi	Dragonfly Way, King's Lynn, PE30	2	Terraced House
£925	08/24	0.39 mi	Honey Bee Lane, King's Lynn, PE30	2	Terraced House
£800	06/24	0.55 mi	Gladstone Road, KING'S LYNN	2	House
£800	06/24	0.58 mi	Friars Street, KING'S LYNN	2	Flat

Local Area Statistics

Population in PE30	43,92443,924
Population in King's Lynn	108,995108,995
Town centre distance	1.62 miles away1.62 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	1.05 miles away1.05 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+14%+14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+26%+26%

Property History

Listed for £125,000

October 15, 2024

Floor Plans

Description

Welcome to this stylish and contemporary two-bedroom ground floor apartment, perfectly situated in Coopers Court on Wisbech Road. This modern home boasts an inviting open-plan kitchen and living space, designed to be the heart of the home, ideal for both relaxing and entertaining.

The apartment features two spacious double bedrooms, each with its own ensuite shower room, offering privacy and convenience for all residents. An additional separate cloakroom enhances the practicality of the layout.

Located just a stone's throw from King's Lynn town center, you’ll have easy access to a variety of amenities, shops, and dining options. Plus, the nearby train station provides a direct route to London King's Cross, making this property a perfect choice for commuters.

Don’t miss the opportunity to make this exceptional apartment your new home!

Agent Details

Abbotts, Kings Lynn

01553 603463

Next Steps?

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

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ValuationFair Value

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents