3 Bed Bungalow, Single Let, Wisbech, PE14 8JB, £300,000

Smeeth Road, Marshland St James, PE14 8JB - 6 months ago

BTL

ROI: 4%

~93 m²

+16 photos

ValuationOvervalued

Sold Prices	£125K - £460K
Sold Prices/m²	£1.4K/m² - £7.6K/m²

Square Metres	~93 m²
Price/m²	£3.2K/m²
Value Estimate	£255,522£255,522

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£1,550 - £2,940£1,550 - £2,940
Rent Estimate	£1,550
Running Costs/mo	£1,268£1,268
Cashflow/mo	£283£283
Cashflow/yr	£3,390£3,390
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £125K to £460K, average is £261.3K. £1.4K/m² to £7.6K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	01/23	0.01 mi	210, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8JB	-	-	3	Detached House
£310K	03/21	0.17 mi	60, School Road, Marshland St James, Wisbech, Norfolk PE14 8EY	£2,138	145	3	Detached House
£267.5K	03/21	0.18 mi	207, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8JB	£2,883	93	3	Detached House
£276K	02/21	0.18 mi	186b, Smeeth Road, St Johns Fen End, Wisbech, Norfolk PE14 8JB	£2,442	113	3	Detached House
£265K	01/23	0.26 mi	165, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8JB	£2,222	119	3	Detached House
£125K	03/23	0.28 mi	282, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8ES	-	-	3	Detached House
£268K	03/23	0.46 mi	16, Trinity Road, Marshland St James, Wisbech, Norfolk PE14 8JA	£3,392	79	3	Semi-Detached House
£257.5K	01/24	0.78 mi	324, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8EP	£2,799	92	3	Bungalow
£333K	10/23	0.86 mi	111, Smeeth Road, Marshland St James, Wisbech, Norfolk PE14 8JF	£2,562	130	3	Bungalow
£266K	02/21	1.66 mi	2, Blunts Drove, Walton Highway, Wisbech, Norfolk PE14 7DH	-	-	3	Semi-Detached House
£214K	11/23	1.78 mi	132, Hungate Road, Emneth, Wisbech, Norfolk PE14 8EQ	£2,019	106	3	Semi-Detached House
£210K	04/21	1.78 mi	132, Hungate Road, Emneth, Wisbech, Norfolk PE14 8EQ	£1,981	106	3	Semi-Detached House
£225K	12/21	2.41 mi	12, Hagbech Hall Close, Emneth, Wisbech, Norfolk PE14 8EB	£3,082	73	3	Detached House
£188K	07/24	2.41 mi	22, Hagbech Hall Close, Emneth, Wisbech, Norfolk PE14 8EB	£2,541	74	3	Bungalow
£330K	10/22	2.42 mi	39, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QZ	£2,578	128	3	Detached House
£205K	10/21	2.48 mi	Gardeners Cottage, Lynn Road, Walpole Highway, Wisbech, Norfolk PE14 7QA	-	-	3	Semi-Detached House
£220K	06/24	2.5 mi	Gardeners Cottage, Lynn Road, Walpole Highway, Wisbech, Norfolk PE14 7QA	£2,340	94	3	Semi-Detached House
£340K	03/23	2.5 mi	Sedgley, Lynn Road, Walpole Highway, Wisbech, Norfolk PE14 7QA	£2,944	116	3	Detached House
£265K	04/21	2.53 mi	43, Gaultree Square, Emneth, Wisbech, Norfolk PE14 8DA	-	-	3	Detached House
£300K	09/23	2.55 mi	2, Spice Chase, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RD	£2,830	106	3	Semi-Detached House
£250K	11/23	2.56 mi	33, Fendyke Road, Emneth, Wisbech, Norfolk PE14 8BA	£2,336	107	3	Semi-Detached House
£170K	12/20	2.56 mi	36, Gaultree Square, Emneth, Wisbech, Norfolk PE14 8DD	£1,371	124	3	Detached House
£385K	08/23	2.56 mi	4, Sparrowgate Road, Wisbech, Norfolk PE14 7AY	£2,750	140	3	Detached House
£360K	12/20	2.56 mi	52, Broadend Road, Wisbech, Norfolk PE14 7BQ	£2,903	124	3	Detached House
£360K	09/21	2.57 mi	52, St Pauls Road North, Walton Highway, Wisbech, Norfolk PE14 7DN	-	-	3	Detached House
£245K	09/21	2.57 mi	29, St Pauls Road North, Walton Highway, Wisbech, Norfolk PE14 7DN	-	-	3	Detached House
£282K	03/21	2.57 mi	11, St Pauls Road North, Walton Highway, Wisbech, Norfolk PE14 7DN	£2,848	99	3	Detached House
£230K	08/24	2.57 mi	15b, St Pauls Road North, Walton Highway, Wisbech, Norfolk PE14 7DN	£2,738	84	3	Semi-Detached House
£460K	11/23	2.57 mi	48, St Pauls Road North, Walton Highway, Wisbech, Norfolk PE14 7DN	£3,309	139	3	Detached House
£285K	05/24	2.58 mi	21, Mill Road, Emneth, Wisbech, Norfolk PE14 8AE	-	-	3	Bungalow
£225K	03/21	2.59 mi	23, Sleights Drive, Wisbech, Norfolk PE14 7BT	£2,163	104	3	Detached House
£171.5K	01/21	2.59 mi	7, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ	£2,598	66	3	Detached House
£205K	07/23	2.59 mi	9, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ	£2,971	69	3	Detached House
£210K	12/22	2.59 mi	18, Punsfer Way, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RJ	£3,065	69	3	Semi-Detached House
£250K	09/21	2.59 mi	34, Raceys Close, Emneth, Wisbech, Norfolk PE14 8BT	-	-	3	Detached House
£280K	05/24	2.59 mi	30, Raceys Close, Emneth, Wisbech, Norfolk PE14 8BT	£2,745	102	3	Bungalow
£230K	06/21	2.59 mi	1, Raceys Close, Emneth, Wisbech, Norfolk PE14 8BT	£2,190	105	3	Detached House
£220K	03/21	2.59 mi	32, Raceys Close, Emneth, Wisbech, Norfolk PE14 8BT	-	-	3	Detached House
£280K	12/22	2.59 mi	36, Raceys Close, Emneth, Wisbech, Norfolk PE14 8BT	£2,800	100	3	Detached House
£290K	01/24	2.59 mi	5, Raceys Close, Emneth, Wisbech, Norfolk PE14 8BT	£3,053	95	3	Bungalow
£247K	11/21	2.59 mi	3, St Edmunds Drive, Emneth, Wisbech, Norfolk PE14 8AX	-	-	3	Detached House
£310K	01/23	2.59 mi	24, St Edmunds Drive, Emneth, Wisbech, Norfolk PE14 8AX	£2,844	109	3	Semi-Detached House
£265K	05/21	2.6 mi	5, Common Road, Walton Highway, Wisbech, Norfolk PE14 7DG	£2,789	95	3	Detached House
£170K	12/21	2.6 mi	23, Elmside, Emneth, Wisbech, Norfolk PE14 8BH	-	-	3	Terraced House
£170K	12/20	2.6 mi	35, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ	£2,464	69	3	Semi-Detached House
£150K	01/21	2.6 mi	31, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ	£2,083	72	3	Semi-Detached House
£170K	06/21	2.6 mi	33, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ	-	-	3	Semi-Detached House
£193.5K	03/23	2.6 mi	41, Aylmer Drive, Tilney St Lawrence, King's Lynn, Norfolk PE34 4RQ	-	-	3	Terraced House
£387K	01/23	2.66 mi	31, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QY	£7,588	51	3	Detached House
£360K	01/21	2.66 mi	31, School Road, Tilney St Lawrence, King's Lynn, Norfolk PE34 4QY	£7,059	51	3	Detached House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£1,800	11/23	0.12 mi	-	4	Detached House
£1,650	06/24	2.1 mi	West Drove South, Walpole Highway, WISBECH	5	Detached House
£2,940	09/24	2.1 mi	-	5	Detached House
£1,550	12/24	2.1 mi	-	5	Detached House
£1,550	12/24	2.1 mi	-	5	Detached House
£1,650	06/24	2.1 mi	Sundale, Walpole Highway, Wisbech, PE14	5	Detached House

Local Area Statistics

Population in PE14	20,84420,844
Population in Wisbech	56,03056,030
Town centre distance	3.12 miles away3.12 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	6.39 miles away6.39 miles away

Rental demand	Balanced marketBalanced market
Rental growth (12m)	+2%+2%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+27%+27%

Property History

Price changed to £300,000

March 12, 2025

Listed for £325,000

October 18, 2024

Floor Plans

Description

Spacious detached bungalow +
Three bedrooms +
18ft lounge with views of the garden +
Utility room +
Spacious bathroom +
Beautiful rear garden +
Garage & parking +
No onward chain +

GUIDE PRICE £300,000 TO £325,000.
Found in a semi rural location, this spacious detached bungalow is being sold with no onward chain and is ideal for those wanting to be on one level in a popular village.

The property comprises of three bedrooms, spacious bathroom with four piece suite, kitchen, handy utility room, dining room and generous lounge overlooking the rear garden.

The rear garden is generous in size and well maintained. Here you'll find a patio area, decked seating area and well kept lawn. There is also a summer house, planting boarders.

At the front of the property there is ample off road parking laid to gravel and access to the garage.

Marshland St James sits on the King's Lynn side of Wisbech and offers a village hall, sports facilities, playing field, play area and tea room. Watlington train station with links to Cambridge and London is just a 15 minute drive away and the beautiful North Norfolk coast is very accessible from this location.

Agent Details

haart, Wisbech

01945 661637

Next Steps?

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

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