3 Bed Semi-Detached House, Single Let, King's Lynn, PE30 3UF, £245,000

2 Rainsthorpe, King's Lynn, Norfolk, PE30 3UF - 4 months ago

Sold STC
BTL
76 m²
+10 photos

ValuationOvervalued

Sold Prices£170K - £510K
Sold Prices/m²£2K/m² - £6.6K/m²

 

 

Square Metres

76 m²
Price/m²£3.2K/m²

Value Estimate

£228,000

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£61,250

Stamp Duty & Legal Fees

£8,550

Total Cash In

£69,800

 

 

Cash Out

 

Rent Range

£650 - £1,400

Rent Estimate

£684

Running Costs/mo

£922

Cashflow/mo

£-238

Cashflow/yr

£-2,861

Gross Yield

3%

Local Sold Prices

50 sold prices from £170K to £510K, average is £240K. £2K/m² to £6.6K/m², average is £3K/m².

PriceDateDistanceAddressBeds 
£225K03/210 mi31, Rainsthorpe, South Wootton, King's Lynn, Norfolk PE30 3UF3
£215K12/200 mi32, Rainsthorpe, South Wootton, King's Lynn, Norfolk PE30 3UF3
£270K07/230.08 mi22, Euston Way, South Wootton, King's Lynn, Norfolk PE30 3TX3
£205K12/220.12 mi25, Lexham Road, King's Lynn, Norfolk PE30 3XN3
£278K10/230.12 mi1, Lexham Road, King's Lynn, Norfolk PE30 3XN3
£245K11/210.12 mi3, Lexham Road, King's Lynn, Norfolk PE30 3XN3
£202K12/200.12 mi5, Lexham Road, King's Lynn, Norfolk PE30 3XN3
£210K10/210.12 mi10, Lexham Road, King's Lynn, Norfolk PE30 3XN3
£196K03/240.12 mi17, Lexham Road, King's Lynn, Norfolk PE30 3XN3
£227.5K12/200.13 mi19, Peckover Way, South Wootton, King's Lynn, Norfolk PE30 3UE3
£225K12/200.13 mi8, Peckover Way, South Wootton, King's Lynn, Norfolk PE30 3UE3
£365K02/230.13 mi4, Hinchingbrook Close, South Wootton, King's Lynn, Norfolk PE30 3TY3
£211K07/210.14 mi68, Blackford, King's Lynn, Norfolk PE30 3UL3
£236K12/200.14 mi26, Blackford, King's Lynn, Norfolk PE30 3UL3
£315K08/230.15 mi28, Seathwaite Road, King's Lynn, Norfolk PE30 3UW3
£270K11/230.15 mi17, Seathwaite Road, King's Lynn, Norfolk PE30 3UW3
£170K06/210.16 mi9, Burghley Road, South Wootton, King's Lynn, Norfolk PE30 3TU3
£255K07/230.17 mi21, Kendle Way, King's Lynn, Norfolk PE30 3XX3
£301K11/210.18 mi48, Mannington Place, South Wootton, King's Lynn, Norfolk PE30 3UD3
£240K12/230.18 mi17, Mannington Place, South Wootton, King's Lynn, Norfolk PE30 3UD3
£240K06/210.19 mi115, Reffley Lane, King's Lynn, Norfolk PE30 3SR3
£290K05/230.2 mi58, Temple Road, King's Lynn, Norfolk PE30 3SS3
£202K06/210.2 mi10, Temple Road, King's Lynn, Norfolk PE30 3SS3
£182K05/210.22 mi34, Reffley Lane, King's Lynn, Norfolk PE30 3EQ3
£267K04/230.22 mi47, Reffley Lane, King's Lynn, Norfolk PE30 3SU3
£283K03/230.27 mi8, Annes Close, King's Lynn, Norfolk PE30 3SB3
£280K07/230.29 mi80, Reffley Lane, King's Lynn, Norfolk PE30 3EQ3
£247.5K01/230.3 mi14, Levers Close, King's Lynn, Norfolk PE30 3UU3
£217.5K07/210.3 mi37, Reffley Lane, King's Lynn, Norfolk PE30 3SA3
£362.5K02/230.3 mi1, Golf Close, King's Lynn, Norfolk PE30 3SE3
£225K01/210.31 mi26, Stody Drive, South Wootton, King's Lynn, Norfolk PE30 3UQ3
£250K02/230.31 mi26, Stody Drive, South Wootton, King's Lynn, Norfolk PE30 3UQ3
£255K08/230.31 mi14, Stody Drive, South Wootton, King's Lynn, Norfolk PE30 3UQ3
£235K11/220.32 mi12, Deas Road, South Wootton, King's Lynn, Norfolk PE30 3PE3
£255K09/210.32 mi9, Gaskell Way, King's Lynn, Norfolk PE30 3SD3
£235K11/210.32 mi69, Gaskell Way, King's Lynn, Norfolk PE30 3SD3
£300K06/230.32 mi5, Gaskell Way, King's Lynn, Norfolk PE30 3SD3
£240K03/230.32 mi16, Gaskell Way, King's Lynn, Norfolk PE30 3SD3
£210K08/210.32 mi24, Earsham Drive, King's Lynn, Norfolk PE30 3UZ3
£238K11/200.34 mi30, Gresham Close, King's Lynn, Norfolk PE30 3EJ3
£270K01/240.35 mi6, Green Lane, South Wootton, King's Lynn, Norfolk PE30 3NT3
£210K03/210.35 mi6, Green Lane, South Wootton, King's Lynn, Norfolk PE30 3NT3
£230K07/210.36 mi19, Ancar Road, South Wootton, King's Lynn, Norfolk PE30 3PS3
£285K05/210.38 mi7, Poplar Drive, South Wootton, King's Lynn, Norfolk PE30 3JS3
£288K11/200.38 mi2, Elm Close, South Wootton, King's Lynn, Norfolk PE30 3JU3
£271.5K02/230.39 mi23, Spring Close, King's Lynn, Norfolk PE30 3ED3
£182K05/210.39 mi10, Spring Close, King's Lynn, Norfolk PE30 3ED3
£510K02/230.4 mi110, Grimston Road, South Wootton, King's Lynn, Norfolk PE30 3NS3
£222.5K01/210.42 mi3, Larch Close, South Wootton, King's Lynn, Norfolk PE30 3JX3
£215K01/210.43 mi1, Burnham Avenue, King's Lynn, Norfolk PE30 3EL3

Local Rents

24 rents from £650/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05006/240.08 miLangley Road, South Wootton3
£1,02508/240.08 miSouth Wootton3
£1,20006/240.32 miSouth Wootton, King's Lynn3
£1,10006/240.53 miLow Road, South Wootton, King's Lynn3
£1,15009/240.53 miSouth Wootton Lane, King's Lynn3
£1,20006/240.6 miFfolkes Drive, KING'S LYNN3
£1,20006/240.6 miWillow Park, King's Lynn, PE303
£1,10006/240.63 miVole Court, Gaywood, KING'S LYNN3
£99006/240.76 miDairy Way, Gaywood, King's Lynn3
£1,15007/240.83 miFolly Grove, KING'S LYNN3
£1,20006/240.9 miWootton Road, KING'S LYNN3
£1,10002/250.92 mi-3
£1,10006/240.92 miSouth Wootton3
£1,40006/240.93 miLangland, Springwood3
£1,30007/240.96 miField End Close, Gaywood, King's Lynn, PE303
£1,40009/240.97 mi-3
£1,20006/241.02 mi Suffolk Road, KING'S LYNN, PE303
£1,30006/241.05 miDenmark Road, Gaywood, KING'S LYNN3
£99507/241.06 miGrey Sedge, King's Lynn3
£92506/241.12 miWhitesedge, King's Lynn, Norfolk3
£1,20006/241.15 miHayfield Road, North Wootton, King's Lynn3
£1,05006/241.2 miRegency Avenue, Kings Lynn3
£1,09907/231.23 mi-3
£65006/241.24 miMethuen Avenue, Gaywood, KING'S LYNN3

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

1.47 miles away

Nearest school

0.20 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 £245,000

November 18, 2024

Sold for £155,505

2014

Sold for £130,000

2004

Sold for £48,000

1995

Floor Plans

Description

  • AVAILABLE WITH NO ONWARD CHAIN +
  • OPEN PLAN KITCHEN DINING ROOM +
  • CLOSE TO SHOPS, SCHOOLS AND BUS ROUTES +
  • GARAGE AND PARKING ON THE DRIVEWAY +
  • IDEAL FOR FIRST TIME BUYERS, INVESTORS AND FAMILIES +
  • SITUATED IN A HIGHLY SOUGHT AFTER AREA +

The Norfolk Agents are pleased to offer to the market, available with no onward chain this three bedroom semi detached home. This property would suit a wide range of buyers from investors through to first time buyers. The property is in a highly sought after area close to local amenities including schools, shops and transport links.

Accommodation:

The property is accessed via the welcoming entrance hall which leads into the lounge where there are stairs up to the first floor. The lounge leads into the open plan kitchen dining room, from here there are double doors out to the garden, a well equipped kitchen and storage under the stairs. There is also access out to the side of the home from the kitchen too.

On the first floor there are three bedrooms, two doubles with bedroom one also boasting built in storage space. Bedroom three is a single room located to the front of the home. The bathroom is fitted with a three piece suite whilst there is also storage from the landing.

Outside:

The rear garden is well established and is enclosed, largely laid to lawn, there is a decking area which is ideal for the summer months along with plenty of room to the side. There is access to the garage from the garden along with parking on the driveway in front. To the front of the home is a further lawned area.

Services:

This home has mains electric, mains water and mains drainage. It is double glazed and has gas central heating.

Location:

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.

TENURE: Freehold

COUNCIL TAX BAND: A

EPC RATING: D - The full certificate can be downloaded or provided by the Norfolk Agents.

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 💪