3 Bed Terraced House, Planning Permission, King's Lynn, PE30 1EF, £280,000

Chapel Street, 78 Chapel Street, PE30 1EF - 2 months ago

Planning
ROI: 1%
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£110K - £340K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~93 m²
Price/m²£3K/m²

Value Estimate

£176,961

 

 

End Value (After Refurb)

£210,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£41,509

Bridging Loan Interest

£7,350

Total Cash In

£131,709

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£210,000

Mortgage (After Refinance)

£157,500

Mortgage LTV

75%

Cash Left In

£131,709

Equity

£52,500

Rent Range

£825 - £1,330

Rent Estimate

£992

Running Costs/mo

£875

Cashflow/mo

£117

Cashflow/yr

£1,408

ROI

1%

Gross Yield

4%

Local Sold Prices

49 sold prices from £110K to £340K, average is £165K. £1.3K/m² to £3.5K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£195K10/210 mi32, Chapel Street, King's Lynn, Norfolk PE30 1EF3
£155K03/210.04 mi6, Albert Avenue, King's Lynn, Norfolk PE30 1EE3
£115K04/210.23 mi43, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£120K07/230.23 mi44, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£127K10/200.23 mi10, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£130K10/200.23 mi25, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£136.5K01/230.24 mi15, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£330K10/200.24 mi2, Purfleet Place, King's Lynn, Norfolk PE30 1JH3
£135K10/210.25 mi40, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£127K04/230.27 mi24, Loke Road, King's Lynn, Norfolk PE30 2AB3
£168K03/240.3 mi61, Cresswell Street, King's Lynn, Norfolk PE30 2AW3
£156K10/210.32 mi81, Loke Road, King's Lynn, Norfolk PE30 2AZ3
£140K03/210.34 mi5, Eastgate Street, King's Lynn, Norfolk PE30 1QX3
£170K12/230.35 mi9, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY3
£125K10/210.36 mi30, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£125K08/230.36 mi49, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£119K10/210.37 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£145K12/230.37 mi22, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£152K12/220.37 mi26, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£185K12/220.37 mi71, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£110K08/210.37 mi64, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£123K02/230.37 mi69, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£145K12/220.37 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£165K09/210.37 mi109, Loke Road, King's Lynn, Norfolk PE30 2BE3
£185K01/210.38 mi25, River Walk, West Lynn, King's Lynn, Norfolk PE34 3LX3
£155K08/210.38 mi20, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£128K05/210.38 mi12, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£150K02/230.38 mi25, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£190K05/230.39 mi45, Highgate, King's Lynn, Norfolk PE30 1PU3
£175K10/230.39 mi92, Highgate, King's Lynn, Norfolk PE30 1PU3
£170K05/210.4 mi28, Highgate, King's Lynn, Norfolk PE30 1PS3
£165K02/210.42 mi9, Homeland Road, King's Lynn, Norfolk PE30 2PP3
£186K09/210.43 mi158, Loke Road, King's Lynn, Norfolk PE30 2BW3
£180K11/200.44 mi23, Gaywood Road, King's Lynn, Norfolk PE30 2PR3
£251K05/220.45 mi13, Foxs Lane, West Lynn, King's Lynn, Norfolk PE34 3LY3
£222.5K08/230.45 mi9, Foxs Lane, West Lynn, King's Lynn, Norfolk PE34 3LY3
£190K07/230.45 mi4, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£125K03/210.45 mi14, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£167.5K05/210.46 mi37, Bridge Street, King's Lynn, Norfolk PE30 5AB3
£245K03/210.47 mi88, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3JR3
£200K02/210.47 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£225K10/230.47 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£340K11/230.47 mi2, Samphire Place, West Lynn, King's Lynn, Norfolk PE34 3JE3
£305K11/210.48 mi2, Samphire Place, West Lynn, King's Lynn, Norfolk PE34 3JE3
£280K10/210.48 mi3, Bentinck Way, West Lynn, King's Lynn, Norfolk PE34 3LZ3
£225K11/230.48 mi12, Bentinck Way, West Lynn, King's Lynn, Norfolk PE34 3LZ3
£180K11/230.48 mi1, Kempe Road, West Lynn, King's Lynn, Norfolk PE34 3JJ3
£170K04/210.48 mi19, Kempe Road, West Lynn, King's Lynn, Norfolk PE34 3JJ3
£163.8K01/240.49 mi108, London Road, King's Lynn, Norfolk PE30 5ES3

Local Rents

28 rents from £825/mo to £1.3K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£1,05006/240 miChapel Street3
£1,00006/240.18 miKing Street, King's Lynn, PE303
£95008/240.18 miKing Street, King's Lynn, PE303
£1,33006/240.19 miKing's Lynn3
£89506/240.23 miKings Lynn3
£85006/240.26 miSir Lewis Street, Kings Lynn, Norfolk, PE303
£1,00006/240.28 miBlackfriars Road - Kings Lynn3
£1,10007/240.28 miBlackfriars Road - Kings Lynn3
£82506/240.28 miGeorge Street, KINGS LYNN, King's Lynn, PE303
£1,00006/240.3 miSt James Court, King's Lynn, PE303
£1,20008/240.3 miSt James Court, King's Lynn, PE303
£92509/240.3 miSir Lewis Street, KING'S LYNN3
£95009/240.31 miCresswell Street, King's Lynn, King's Lynn, PE303
£89508/240.31 miSir Lewis Street, King's Lynn, PE303
£95006/240.35 miLoke Road, KING'S LYNN3
£1,25006/240.36 miHISTORIC LYNN - Renovated 3 Bed Apartment with River Views3
£1,00006/240.36 miPriory Lane, King's Lynn3
£95006/240.36 miCresswell Street, KING'S LYNN3
£1,00007/240.37 miLoke Road, KING'S LYNN3
£1,10006/240.38 miKing's Lynn3
£90006/240.39 miNelson Street, King's Lynn, PE303
£1,10008/240.39 mi30 Low Road, King's Lynn, PE303
£95006/240.39 miWoodwark Avenue3
£99502/250.45 mi-3
£82501/240.5 mi-3
£90006/240.6 miNorth Everard Street, Kings Lynn, Norfolk3
£99509/240.61 miTennyson Avenue, King's Lynn, PE303
£99506/240.61 miKing's Lynn 3

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.93 miles away

Nearest school

0.30 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £280,000

January 27, 2025

Floor Plans

Description

  • Grade II Listed Georgian Building +
  • Spacious Rooms +
  • Planning Permission to Transform the Property into a Residence +
  • Packed with Charm and Character +
  • Attic Rooms with Plenty of Potential (STPP) +
  • Practical Layout +
  • Private Courtyard Garden +
  • Versatile Storage Unit in the Courtyard +
  • Within Ideal Walking Distance to Train Station with a Direct Line to Ely, Cambridge, and London +
  • Sold with No Upward Chain +

Step into a piece of history with this Grade II listed Georgian property, located in the heart of the historic port and market town of King's Lynn, Norfolk. Rich in architectural heritage and brimming with character, this property is a rare opportunity to create a truly unique home, blending period charm with modern comforts. With approved planning permission, the prospective purchaser can transform this historic building into an elegant three-bedroom residence, ideal for those who appreciate the allure of timeless design. The grand vision for this home includes three spacious reception rooms, perfect for both entertaining and cosy family gatherings. Imagine relaxing in a sitting room where sunlight filters through original sash windows, or dining in a formal room enhanced by one of the home's charming feature fireplaces. The kitchen/breakfast room promises to be a warm and inviting space to start the day, with room to create a functional layout that's ideal for modern living. A utility room, ground-floor bathroom, and first-floor shower room add practicality to the historic layout. Upstairs, three well-proportioned bedrooms provide comfortable retreats, each ready to be tailored to your style. The top floor offers two attic rooms with endless potential; perhaps they'll serve as convenient storage or, with the relevant permissions, be transformed into additional accommodation or a peaceful workspace, capturing views of the town's rooftops. Outside, the courtyard garden provides a private sanctuary, with delightful views of St. Nicholas' Chapel spire adding to its charm. This outdoor space invites quiet moments with a morning coffee or summer evenings shared with friends. A sizeable storage unit here is a versatile feature, offering the option of ample storage or workspace, whether it be in conjunction with commercial use or residential living. With period features such as sash windows, characterful doors, and beautiful fireplaces preserved throughout, this property retains a sense of its Georgian heritage, making each room feel steeped in history. This is more than just a home; it's a chance to live in a piece of King's Lynn's past while crafting a space that meets the needs of modern life. Embrace the opportunity to breathe new life into this remarkable property and create a home that's as unique as its history. 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. SERVICES CONNECTED Mains water, electricity, and drainage. Gas central heating. COUNCIL TAX To be confirmed. ENERGY EFFICIENCY RATING An Energy Performance Certificate is not required for this property due to it being Grade II listed. TENURE Freehold LOCATION What3words: ///bound.aura.living LOCATION This property is Grade II Listed and is currently registered for commercial use as an office space but has planning permission for conversion to a single residential dwelling – planning reference: 24/01179/LB 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. WEBSITE TAGS town-life historical-homes

Agent Details

Sowerbys, King's Lynn

01553 603607

Next Steps?

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