4 Bed Terraced House, Planning Permission, King's Lynn, PE30 1ES, £250,000

King Street, King's Lynn, PE30 1ES - 2 months ago

Sold STC
Planning
~129 m²
+5 photos

ValuationFair Value

Sold Prices£110K - £515K
Sold Prices/m²£895/m² - £3.3K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.9K/m²

Value Estimate

£255,000

 

 

End Value (After Refurb)

£285,933

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£62,500

Stamp Duty & Legal Fees

£8,700

Refurb Costs

£57,691

Bridging Loan Interest

£6,563

Total Cash In

£137,204

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£285,933

Mortgage (After Refinance)

£214,450

Mortgage LTV

75%

Cash Released

£26,950

Cash Left In

£110,254

Equity

£71,483

Rent Range

£800 - £1,330

Rent Estimate

£1,013

Running Costs/mo

£1,116

Cashflow/mo

£-103

Cashflow/yr

£-1,238

Gross Yield

5%

Local Sold Prices

28 sold prices from £110K to £515K, average is £242.5K. £895/m² to £3.3K/m², average is £2.2K/m².

PriceDateDistanceAddressBeds 
£146.5K08/210.21 mi7, Albert Avenue, King's Lynn, Norfolk PE30 1EE4
£295K09/210.25 mi20, Nelson Street, King's Lynn, Norfolk PE30 5DY4
£295K09/210.25 mi20, Nelson Street, King's Lynn, Norfolk PE30 5DY4
£372K11/230.29 mi1, Samphire Place, West Lynn, King's Lynn, Norfolk PE34 3JE4
£200K12/200.33 mi24, Portland Street, King's Lynn, Norfolk PE30 1PB4
£325K01/210.35 mi10, St Johns Terrace, King's Lynn, Norfolk PE30 1NW4
£143K04/240.4 mi2, Foxs Lane, West Lynn, King's Lynn, Norfolk PE34 3LY4
£265K11/230.42 mi4, Cedar Way, West Lynn, King's Lynn, Norfolk PE34 3JY4
£279.9K05/230.45 mi39, Sculthorpe Avenue, West Lynn, King's Lynn, Norfolk PE34 3NF4
£332.5K10/230.47 mi4, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3LG4
£210K06/210.59 mi44, Windsor Road, King's Lynn, Norfolk PE30 5PL4
£205K09/210.61 mi4, Snowdrop Close, West Lynn, King's Lynn, Norfolk PE34 3NH4
£210K11/210.61 mi7, Snowdrop Close, West Lynn, King's Lynn, Norfolk PE34 3NH4
£170K10/200.63 mi12, Saltpans Close, King's Lynn, Norfolk PE30 2AT4
£233K10/220.64 mi1, Wallflower Lane, West Lynn, King's Lynn, Norfolk PE34 3NQ4
£460K06/230.68 mi46b, Goodwins Road, King's Lynn, Norfolk PE30 5QX4
£515K12/220.7 mi108, Tennyson Road, King's Lynn, Norfolk PE30 5PA4
£260K04/210.7 mi42, Extons Gardens, King's Lynn, Norfolk PE30 5PF4
£235K05/210.74 mi63, Tennyson Avenue, King's Lynn, Norfolk PE30 2QG4
£345K10/230.78 mi109, Gaywood Road, King's Lynn, Norfolk PE30 2PU4
£262.5K04/210.79 mi22, Park Avenue, King's Lynn, Norfolk PE30 5NJ4
£250K09/230.81 mi20, Avenue Road, King's Lynn, Norfolk PE30 5NW4
£173.5K09/210.81 mi18, Sidney Street, King's Lynn, Norfolk PE30 5RF4
£173.5K09/210.81 mi18, Sidney Street, King's Lynn, Norfolk PE30 5RF4
£340K10/230.9 mi22, Coronation Road, Clenchwarton, King's Lynn, Norfolk PE34 4BL4
£110K11/210.9 mi22, Kitchener Street, King's Lynn, Norfolk PE30 5BJ4
£191.5K09/230.92 mi36, Seabank Way, King's Lynn, Norfolk PE30 2NQ4
£200K12/220.98 mi5, Riversway, King's Lynn, Norfolk PE30 2ED4

Local Rents

34 rents from £800/mo to £1.3K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,33006/240.05 miKing's Lynn3
£1,00006/240.07 miKing Street, King's Lynn, PE303
£95008/240.07 miKing Street, King's Lynn, PE303
£1,25006/240.18 miHISTORIC LYNN - Renovated 3 Bed Apartment with River Views3
£1,05006/240.19 miChapel Street3
£1,00006/240.21 miSt James Court, King's Lynn, PE303
£1,20008/240.21 miSt James Court, King's Lynn, PE303
£1,00006/240.22 miPriory Lane, King's Lynn3
£1,10006/240.23 miKing's Lynn3
£90006/240.25 miNelson Street, King's Lynn, PE303
£1,00006/240.32 miBlackfriars Road - Kings Lynn3
£1,10007/240.32 miBlackfriars Road - Kings Lynn3
£1,10008/240.4 mi30 Low Road, King's Lynn, PE303
£89506/240.42 miKings Lynn3
£85006/240.44 miSir Lewis Street, Kings Lynn, Norfolk, PE303
£82501/240.45 mi-3
£82506/240.47 miGeorge Street, KINGS LYNN, King's Lynn, PE303
£92509/240.48 miSir Lewis Street, KING'S LYNN3
£89508/240.5 miSir Lewis Street, King's Lynn, PE303
£95009/240.5 miCresswell Street, King's Lynn, King's Lynn, PE303
£90006/240.52 miNorth Everard Street, Kings Lynn, Norfolk3
£95006/240.54 miLoke Road, KING'S LYNN3
£1,15010/230.55 mi-4
£1,05001/250.55 mi-4
£95006/240.55 miCresswell Street, KING'S LYNN3
£1,05006/240.55 miFriars Street, King's Lynn, PE303
£80007/240.55 miGladstone Road, King's Lynn, Norfolk3
£1,00007/240.56 miLoke Road, KING'S LYNN3
£95006/240.58 miWoodwark Avenue3
£1,10007/240.59 miWindsor Road, KING'S LYNN3
£99504/250.6 mi-3
£1,20010/240.6 mi-3
£1,10007/240.6 miLondon Road, King's Lynn3
£1,20006/240.61 miEthel Terrace, Kings Lynn3

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

1.07 miles away

Nearest school

0.20 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £250,000

January 27, 2025

Floor Plans

Description

  • No Onward Chain +
  • Multiple Reception Rooms, Period Features and One Designated Parking Space +
  • Commercial Use or Conversion to Residential Property +
  • Brilliant Access to Local Amenities and Transport Links +
  • Grade II Listed Investment Opportunity +

Welcome to a rare opportunity to own a historic gem in the heart of the vibrant port town of King's Lynn. This Grade II listed town house, nestled within the stunning Georgian architecture, has a rich past, once bustling with merchants and more recently serving as a dental practice. Beyond its commercial facade lies a chance for transformation. With full planning permission for residential conversion, envision the grandeur of restoring this townhouse to its former glory. Exuding Georgian elegance with spacious rooms and beautiful sash windows. Step inside to discover endless possibilities across three floors. The ground floor offers ample space for living, kitchen and utility. Upstairs, a cosy reception room with a fireplace awaits, along with a proposed bedrooms flooded with natural light. The top floor features impressive roof timbers and room for three additional bedrooms. Outside, a courtyard provides a tranquil retreat or parking space. Beyond its residential potential, this property is also an exciting investment opportunity, thanks to its prime location amidst town amenities and attractions. Don't miss this chance to own a piece of history and embark on a journey of restoration and rejuvenation in this iconic Georgian town house. With its rich heritage and endless potential, it's ready for a discerning buyer to make their mark. KING'S LYNN Perched on the banks of the River Ouse, King's Lynn has been a centre of trade and industry since the Middle Ages, and its rich history is reflected in the many beautiful buildings which still line the historic quarter. Originally named Bishop's Lynn, during the reign of Henry VIII the town was surrendered to the crown and took the name King's Lynn. During the 14th century, Lynn was England's most important port, dominated by the Hanseatic League. Although the growth of London later eroded the port's importance, ship-building and fishing became prominent industries, the latter of which is documented at True's Yard Museum. With more than 400 listed buildings, two warehouses – Hanse House and Marriott's Warehouse – still stand in the centre of the town, along with King's Lynn Minster and Custom House. These have appeared as stars of the screen in numerous period dramas and it's not unusual to spot a camera crew and cast on location. King Street, which runs from Tuesday Market Place to the Custom House was once known as 'Stockfish Row' for the number of fish merchants that lived there, With a listed building every 26ft, Sir John Betjeman described it as one of the finest walks in England. In 1845, there were at least ten pubs on this street alone, and although these have faded away a relatively new arrival is the WhataHoot distillery with its gin school and handmade spirits. With Cambridge, Peterborough and Norwich all within an hour's drive and a direct rail line into London King's Cross arriving in the capital in just 1 hour 40 minutes, King's Lynn continues to attract a growing number of professionals seeking an easy commuter route. It's easy to see the appeal of this central location with a clutch of high street retailers and independent restaurants in the town's Vancouver Centre. The Majestic Cinema and King's Lynn Alive Corn Exchange are the place to catch a film or show, or check out what's on at St George's Guildhall, the UK's largest surviving medieval guildhall, today a vibrant arts centre. SERVICES CONNECTED Mains water, electricity and drainage. Gas central heating. COUNCIL TAX The property is not rated for council tax as it is currently registered as a commercial property. ENERGY EFFICIENCY RATING D. Ref:-0220-9267-0340-1900-8004 The energy rating has been assessed as a commercial property. To retrieve the Energy Performance Certificate for this property please visit and enter in the reference number above. Alternatively, the full certificate can be obtained through Sowerbys. TENURE Freehold. LOCATION What3words: /// overcomes.forensic.token AGENT'S NOTE Currently registered as a commercial property with full planning permission for conversion to a residential dwelling. There is a portion of flying freehold over a private footpath that is not under the ownership of the property. Planning reference numbers – 23/00994/LB (Listed Building Consent) – 23/00992/CU (Planning Permission) The premises cannot be used for business of solicitors or conveying property. IMPORTANT NOTE: Please note that we have recently transitioned to a new CRM system. While we strive for accuracy, some property information may not have been fully verified during this changeover. For clarification on important details, including (but not limited to) flood risks, rights of way, restrictions and other critical matters, we strongly recommend contacting us directly. We apologise for any inconvenience and appreciate your understanding. PROPERTY REFERENCE 45209

Agent Details

Sowerbys, King's Lynn

01553 603607

Next Steps?

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