3 Bed Semi-Detached House, Refurb/BRRR, King's Lynn, PE34 3QB, £250,000

West Way, Wimbotsham, King's Lynn, PE34 3QB - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+14 photos

ValuationUndervalued

Sold Prices£154K - £415K
Sold Prices/m²£1.4K/m² - £4.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.7K/m²

Value Estimate

£257,500
BMV3%

 

 

End Value (After Refurb)

£319,072

Uplift in Value

+28%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£41,200

Bridging Loan Interest

£6,563

Total Cash In

£120,713

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£319,072

Mortgage (After Refinance)

£239,304

Mortgage LTV

75%

Cash Released

£51,804

Cash Left In

£68,908

Equity

£79,768

Rent Range

£900 - £1,150

Rent Estimate

£984

Running Costs/mo

£1,214

Cashflow/mo

£-230

Cashflow/yr

£-2,759

Gross Yield

5%

Local Sold Prices

28 sold prices from £154K to £415K, average is £275K. £1.4K/m² to £4.2K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£265K12/200 mi71, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£250K10/230 mi79, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£227.5K10/220 mi50, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£240K10/200 mi85, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£295K08/230 mi85, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3QB3
£315K06/240.21 mi7, South Side, Wimbotsham, King's Lynn, Norfolk PE34 3QA3
£305K01/210.23 mi12, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£295K05/210.23 mi16, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£285K02/210.23 mi8, West Way, Wimbotsham, King's Lynn, Norfolk PE34 3PZ3
£365K01/230.25 mi9, Napthans Lane, Wimbotsham, King's Lynn, Norfolk PE34 3QU3
£385K02/230.33 mi26, Millers Lane, Wimbotsham, King's Lynn, Norfolk PE34 3QF3
£350K12/220.47 mi12, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£341K05/210.47 mi69, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£295K05/210.47 mi18, Church Road, Wimbotsham, King's Lynn, Norfolk PE34 3QG3
£250K11/220.8 mi7, Heron Close, Downham Market, Norfolk PE38 9QD3
£415K12/200.82 mi129a, Broomhill, Downham Market, Norfolk PE38 9QU3
£310K09/210.85 mi7, Kingfisher Road, Downham Market, Norfolk PE38 9RQ3
£260K04/230.87 mi76, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£349.9K10/230.87 mi124, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£190K06/210.87 mi76, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£255K06/210.87 mi84, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£210K08/210.87 mi74, Wimbotsham Road, Downham Market, Norfolk PE38 9QB3
£240K11/220.94 mi4, Guiltcross Way, Downham Market, Norfolk PE38 9RE3
£255K10/220.95 mi1, Tarragon Road, Downham Market, Norfolk PE38 9UE3
£205K03/210.96 mi7, Lavender Drive, Downham Market, Norfolk PE38 9UA3
£154K10/230.96 mi4, The Causeway, Stow Bridge, King's Lynn, Norfolk PE34 3PP3
£237K03/230.97 mi5, Tarragon Road, Downham Market, Norfolk PE38 9UE3
£360K04/230.99 mi4, Wayland Walk, Downham Market, Norfolk PE38 9TE3

Local Rents

11 rents from £900/mo to £1.1K/mo, average is £975/mo.

RentDateDistanceAddressBeds 
£92506/241.04 miPiebald Close, Downham Market, Downham Market, PE383
£92508/241.04 miPiebald Close, Downham Market, Downham Market, PE383
£1,10006/241.06 miGrimshoe Road, Downham Market3
£1,00006/241.06 miParsley Way, Downham Market3
£95008/241.12 miFennel Crescent, Downham Market, Norfolk, PE38 9UR3
£92506/241.16 miShelley Close, Downham Market, PE383
£1,15003/241.19 miHolkham Close, Downham Market, Norfolk, PE38 9TP3
£1,00007/241.19 miMallard End, Downham Market, PE383
£97506/241.21 miLinseed Walk, Downham Market, PE383
£90008/241.21 miLinseed Walk, Downham Market, PE383
£97506/241.21 miLinseed Walk, DOWNHAM MARKET3

Local Area Statistics

Population in PE34

13,973

Population in King's Lynn

108,995

Town centre distance

9.32 miles away

Nearest school

0.40 miles away

Nearest train station

1.43 miles away

 

 

Rental growth (12m)

-2%

Sales demand

Buyer's market

Capital growth (5yrs)

+20%

Property History

Listed for £250,000

December 10, 2024

Floor Plans

Description

  • Three bedroom semi-detached house +

  • Generous plot with rear garden +

  • Large driveway providing off-road parking +

  • Chain free! +

  • Sought-after village location +

  • Walking distance to local amenities +

SUMMARY
Attention first time buyers! Located within the sought-after village of Wimbotsham, lies this spacious, three bedroom semi-detached house, occupying a large plot. The property is in need of some modernisation throughout, yet offers plenty of potential & no onward chain!

DESCRIPTION
William H Brown are delighted to offer to the market this spacious, three bedroom semi-detached house, offered to the market with no onward chain. The property occupies a generous plot within the highly desired village of Wimbotsham, and is located in walking distance to the local village amenities, including the village shop, primary school & pub.

The property offers generous internal accommodation, including a large lounge which is complete with a snug area, as well as a good-sized kitchen offering ample space for appliances. The first floor offers the three comfortable bedrooms, all of which are serviced by the family bathroom.

Outside, a generous gravelled driveway to the front of the property provides off-road parking for multiple vehicles. To the rear, the large garden is mainly laid to lawn, alongside various shrubs, trees & hedges.

Accommodation: 
Double-glazed entrance door to:

Entrance Hall 
Door to the front. Double-glazed window to the front. Stairs leading to the first floor landing.

Lounge 19' 4" max x 11' 7" max ( 5.89m max x 3.53m max )
Two double-glazed windows to the rear. Radiator. Feature fireplace.

Kitchen 8' 10" max x 17' max ( 2.69m max x 5.18m max )
L-shaped room. This fitted kitchen includes both wall & base units with work surfaces over, a stainless steel sink & drainer unit, an electric oven & electric hob with integrated cooker hood over. There is also space for a fridge/freezer, as well as space & plumbing for a washing machine. Storage/pantry cupboard. Radiator. Double-glazed windows to the front & rear. Double-glazed door to the side.

First Floor Landing 
Stairs from the entrance hall. Radiator. Double-glazed window to the front.

Bedroom One 12' 11" max x 10' 9" max ( 3.94m max x 3.28m max )
Double-glazed window to the rear. Radiator. Built-in wardrobe.

Bedroom Two 12' 7" max x 10' 9" max ( 3.84m max x 3.28m max )
Double-glazed window to the rear. Radiator.

Bedroom Three 9' x 8' ( 2.74m x 2.44m )
Double-glazed window to the side. Radiator.

Bathroom 
Fitted with bath & pedestal wash hand basin. Double-glazed window to the front.

Outside 
To the front of the property, a generous gravelled driveway provides off-road parking for multiple vehicles. To the rear, the large garden is mainly laid to lawn, alongside various shrubs, trees & hedges.

Agent's Note 
The sale of this property is subject to grant of probate. Please seek an update from the branch with regards to the potential timeframes involved.
Heating to the property is served by oil central heating. Please contact the branch for more
details if required.

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly 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 CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

William H. Brown, Downham Market

01366 312332

Next Steps?

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