2 Bed Terraced House, Planning Permission, King's Lynn, PE30 3UY, £190,000

15 Colney Court, King's Lynn, Norfolk, PE30 3UY - 5 months ago

Sold STC
Planning
ROI: 2%
53 m²
+6 photos

ValuationOvervalued

Sold Prices£125K - £300K
Sold Prices/m²£1.9K/m² - £4.9K/m²

 

 

Square Metres

53 m²
Price/m²£3.6K/m²

Value Estimate

£165,625

 

 

End Value (After Refurb)

£172,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£47,500

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£23,656

Bridging Loan Interest

£4,988

Total Cash In

£85,093

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£172,500

Mortgage (After Refinance)

£129,375

Mortgage LTV

75%

Cash Left In

£85,093

Equity

£43,125

Rent Range

£695 - £1,200

Rent Estimate

£881

Running Costs/mo

£735

Cashflow/mo

£146

Cashflow/yr

£1,749

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £125K to £300K, average is £199K. £1.9K/m² to £4.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£155K01/230.01 mi10, Colney Court, King's Lynn, Norfolk PE30 3UY2
£130K05/240.01 mi11, Colney Court, King's Lynn, Norfolk PE30 3UY2
£215K10/230.1 mi21, Blackford, King's Lynn, Norfolk PE30 3UL2
£125K03/230.13 mi5, Chew Court, King's Lynn, Norfolk PE30 3XP2
£170K01/230.19 mi44, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UB2
£170K01/230.21 mi17, Rainsthorpe, South Wootton, King's Lynn, Norfolk PE30 3UF2
£162.5K05/230.21 mi3, Rainsthorpe, South Wootton, King's Lynn, Norfolk PE30 3UF2
£175K11/230.27 mi55, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£157.5K12/200.27 mi63, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£232.5K04/230.27 mi1, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£175K11/200.27 mi7, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£160K12/200.27 mi57, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£230K07/230.27 mi7, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UA2
£197.5K03/240.28 mi42, Langley Road, South Wootton, King's Lynn, Norfolk PE30 3UB2
£285K03/230.29 mi34, Euston Way, South Wootton, King's Lynn, Norfolk PE30 3TX2
£198K05/210.29 mi21, Euston Way, South Wootton, King's Lynn, Norfolk PE30 3TX2
£200K04/210.29 mi50, Euston Way, South Wootton, King's Lynn, Norfolk PE30 3TX2
£218K10/230.31 mi62, Temple Road, King's Lynn, Norfolk PE30 3SS2
£228K12/230.31 mi32, Temple Road, King's Lynn, Norfolk PE30 3SS2
£220K02/210.34 mi11, Ickworth Close, South Wootton, King's Lynn, Norfolk PE30 3TZ2
£160K02/210.34 mi1, Ickworth Close, South Wootton, King's Lynn, Norfolk PE30 3TZ2
£165K02/230.37 mi56, Burghley Road, South Wootton, King's Lynn, Norfolk PE30 3TU2
£185K02/210.37 mi28, Burghley Road, South Wootton, King's Lynn, Norfolk PE30 3TU2
£252K12/220.37 mi4, Burghley Road, South Wootton, King's Lynn, Norfolk PE30 3TU2
£300K11/230.44 mi25, Barsham Drive, South Wootton, King's Lynn, Norfolk PE30 3TT2
£185K04/240.52 mi130, Elvington, King's Lynn, Norfolk PE30 4UX2
£155K01/210.53 mi151, Elvington, King's Lynn, Norfolk PE30 4UX2
£269.9K02/210.59 mi28, Willow Park, King's Lynn, Norfolk PE30 3BP2
£207.5K07/230.62 mi22, Horton Road, King's Lynn, Norfolk PE30 4XU2
£183K06/210.64 mi17, Peterscourt, King's Lynn, Norfolk PE30 4XZ2
£190K11/230.64 mi14, Sawston, King's Lynn, Norfolk PE30 4XT2
£286.5K01/210.7 mi10, Ennerdale Drive, South Wootton, King's Lynn, Norfolk PE30 3NZ2
£210K03/210.71 mi16, Suffield Way, King's Lynn, Norfolk PE30 3DE2
£136K03/210.72 mi3, Baldock Drive, King's Lynn, Norfolk PE30 3DG2
£212K01/240.72 mi8, Peppers Green, King's Lynn, Norfolk PE30 3DA2
£250K12/200.73 miKingston, Common Lane, South Wootton, King's Lynn, Norfolk PE30 3HW2
£175K08/210.73 mi28, Edinburgh Avenue, Gaywood, King's Lynn, Norfolk PE30 4DG2
£170K03/210.74 mi9, Barnwell Road, Gaywood, King's Lynn, Norfolk PE30 4DQ2
£210K02/230.76 mi7, Crofters Close, King's Lynn, Norfolk PE30 3PQ2
£250K09/210.76 mi2, Crofters Close, King's Lynn, Norfolk PE30 3PQ2
£200K06/210.76 mi6, Crofters Close, King's Lynn, Norfolk PE30 3PQ2
£219K05/240.77 mi175, Wootton Road, Gaywood, King's Lynn, Norfolk PE30 4DW2
£235K07/230.83 mi51, Kensington Road, King's Lynn, Norfolk PE30 4AS2
£235K11/230.84 mi14, James Close, King's Lynn, Norfolk PE30 3SH2
£175K01/210.86 mi38, Spenser Road, King's Lynn, Norfolk PE30 3DP2
£210K08/230.93 mi12, Bracken Road, South Wootton, King's Lynn, Norfolk PE30 3LP2
£200K02/230.94 mi32, Daseleys Close, King's Lynn, Norfolk PE30 3SL2
£148K12/200.94 mi48, Daseleys Close, King's Lynn, Norfolk PE30 3SL2
£300K11/210.95 mi20, Rushmead Close, South Wootton, King's Lynn, Norfolk PE30 3LY2
£147K09/210.95 mi44, Charlock, King's Lynn, Norfolk PE30 3BL2

Local Rents

29 rents from £695/mo to £1.2K/mo, average is £875/mo.

RentDateDistanceAddressBeds 
£95007/240.1 miBlackford2
£85006/240.12 miElsing Drive, KING'S LYNN2
£87509/240.13 miChew Court, King's Lynn, PE302
£89507/240.21 miRainsthorpe2
£95007/240.27 miLangley Road, South Wootton, King's Lynn2
£89506/240.29 miMannington Place, South Wootton, King's Lynn, PE302
£85006/240.52 miElvington, KING'S LYNN2
£89507/240.52 miKings Lynn2
£85006/240.53 miElvington, SPRINGWOOD, PE302
£87506/240.65 miElvington, KING'S LYNN2
£89506/240.66 miKing's Lynn2
£92508/240.66 miKing's Lynn2
£85012/240.73 mi-2
£85007/240.74 miBarnwell Road, King's Lynn, PE302
£85006/240.84 miBaldock Drive, KING'S LYNN2
£80007/240.84 miBaldock Drive, Amberley Grange, King's Lynn2
£95006/240.95 miHickling, Kings Lynn2
£87506/241 miBarrett Close, King's Lynn, PE302
£87506/241 miBarrett Close, King's Lynn, PE302
£1,20009/241.06 miLittle Walsingham Close, South Wootton, PE302
£69506/241.07 miKeswick, KINGS LYNN, King's Lynn, PE302
£87506/241.11 miCorbyn Shaw Road, King's Lynn, PE302
£90008/241.11 miCorbyn Shaw Road - Kings Lynn2
£97506/241.13 miCastleacre Close, South Wootton.2
£85004/241.15 mi-2
£70006/241.17 miThe Swan, Gaywood, Kings lynn2
£79507/241.17 miButterwick, King's Lynn2
£1,00007/241.18 miRiver Lane, Gaywood, King's Lynn, PE302
£80008/241.23 miOld South, King's Lynn2

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

1.30 miles away

Nearest school

0.20 miles away

Nearest train station

1.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Price changed to £190,000

December 14, 2024

Listed for £200,000

November 19, 2024

Sold for £113,995

2011

Sold for £38,250

1997

Sold for £37,000

1995

Floor Plans

Description

  • CONTACT BRITTONS ESTATE AGENTS TO VIEW +
  • BRIGHT LOUNGE +
  • KITCHEN +
  • TWO BEDROOMS +
  • BATHROOM +
  • FRONT AND REAR GARDENS +
  • ALLOCATED PARKING +
  • PLANNING PERMISSION TO EXTEND +
  • POPULAR LOCATION +

Welcome to Colney Court, King's Lynn - a charming end terrace house that could be your next dream home! This property boasts a cosy reception room, perfect for relaxing or entertaining guests. With two bedrooms, there's plenty of room for a growing family or guests staying over. The generous-sized garden is ideal for those with green fingers or for simply enjoying the outdoors on a sunny day. Imagine hosting summer barbecues or creating your own little oasis right at home. Located in a popular area, this property offers convenience and a sense of community. With allocated parking, you won't have to worry about finding a spot after a long day. There is also planning permission for a two-storey extension on the side. If this interests you please be aware all details are available by searching reference number 22/00253/F on Borough Council King's Lynn and West Norfolk website. Please also call the office in regards to this application. This presents a fantastic opportunity to customise and expand your living space to suit your needs and preferences. Don't miss out on the chance to own a property with so much potential in a sought-after location. Colney Court could be the place where you create lasting memories and truly make it your own.

TWO BEDROOM END TERRACE HOUSE IN POPULAR LOCATION WITH PLANNING PERMISSION TO EXTEND

Lounge - 4.78m x 3.61m (15'8 x 11'10 ) - Wood effect flooring, stairs to first floor, TV point, Window and door to rear aspect and a double radiator.

Kitchen - 3.84m x 2.62m (12'7 x 8'7 ) - Range of base, wall and drawer units with worktop over and tiled splash back. Integrated electric oven, electric hob and extractor hood. Space for dishwasher and fridge freezer. Storage cupboard housing wall mounted boiler and plumbing for washing machine. Vinyl flooring. Two windows to the front aspect. Radiator.

Landing - 1.96m x 0.89m (6'5 x 2'11 ) - Fitted carpet

Bedroom One - 3.86m max x 3.63m max (12'8 max x 11'11 max) - Wood effect flooring, two windows to rear aspect and a double radiator.

Bedroom Two - 3.56m x 1.73m (11'8 x 5'8) - Wood effect flooring, window to side aspect and a double radiator.

Bathroom - 2.49m x 1.80m (8'2 x 5'11 ) - Three piece suite comprising of hand wash basin, set within vanity unit and tiled splash back, W.C, and bath with shower attachment over. Storage cupboard. Wood effect flooring. Obscured window to sfron aspect.

Front Garden - Lawned area with foot path leading front door.

Rear Garden - Newly laid patio area, sitting in sun trap of the garden, lawn, raised decking area, fully enclosed with a wooden shed.

Parking - Allocated parking to rear of property

GAS CENTRAL HEATING
UPVC DOUBLE GLAZED

Agent Details

Brittons Estate Agents, King's Lynn

01553 603616

Next Steps?

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