3 Bed Bungalow, Planning Permission, King's Lynn, PE34 4DJ, £120,000

11 Wynne's Lane, Clenchwarton, Norfolk PE34 4DJ - 2 months ago

Sold STC

Cash

Planning

~116 m²

ValuationFair Value

Sold Prices	£200K - £355K
Sold Prices/m²	£2.2K/m² - £4.4K/m²

Square Metres	~115.90 m²
Price/m²	£1K/m²
Value Estimate	£122,400£122,400

End Value (After Refurb)	£305,020£305,020
Uplift in Value	+154%+154%
You could potentially get back more cash than you put into this deal. All your cash out plus £45,320 extra. See the breakdown

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£7,200£7,200
Refurb Costs	£51,345£51,345
Bridging Loan Interest	£3,150£3,150
Total Cash In	£93,445£93,445

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£305,020£305,020
Agent Fees (1%)	£3,050£3,050
Bridging Loan	£90,000£90,000
Bridging Loan Interest	£3,150£3,150
Flip Profit	£118,525£118,525

Local Sold Prices

26 sold prices from £200K to £355K, average is £255.5K. £2.2K/m² to £4.4K/m², average is £2.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£310K	11/22	0.2 mi	14, Station Road, Clenchwarton, King's Lynn, Norfolk PE34 4DG	£4,133	75	3	Detached House
£295K	02/21	0.21 mi	35, Station Road, Clenchwarton, King's Lynn, Norfolk PE34 4DQ	-	-	3	Detached House
£353K	05/23	0.21 mi	71, Station Road, Clenchwarton, King's Lynn, Norfolk PE34 4DQ	-	-	3	Detached House
£325K	06/23	0.24 mi	265, Main Road, Clenchwarton, King's Lynn, Norfolk PE34 4AQ	-	-	3	Detached House
£355K	02/21	0.39 mi	Sunnymead, Lynn Road, Clenchwarton, King's Lynn, Norfolk PE34 4FF	£2,233	159	3	Detached House
£243K	03/21	0.53 mi	6, Black Horse Road, Clenchwarton, King's Lynn, Norfolk PE34 4AB	£3,076	79	3	Detached House
£226K	07/21	0.63 mi	10, St Margarets Meadow, Clenchwarton, King's Lynn, Norfolk PE34 4EB	-	-	3	Detached House
£248.5K	06/24	0.63 mi	2, St Margarets Meadow, Clenchwarton, King's Lynn, Norfolk PE34 4EB	£3,030	82	3	Bungalow
£355K	11/23	0.63 mi	1, St Margarets Meadow, Clenchwarton, King's Lynn, Norfolk PE34 4EB	£4,383	81	3	Detached House
£230K	09/21	0.63 mi	20, Small Holdings Road, Clenchwarton, King's Lynn, Norfolk PE34 4DY	-	-	3	Detached House
£345K	02/24	0.67 mi	80, Hall Road, Clenchwarton, King's Lynn, Norfolk PE34 4AT	£4,153	83	3	Bungalow
£250K	07/23	0.67 mi	24, Hall Road, Clenchwarton, King's Lynn, Norfolk PE34 4AT	£3,209	78	3	Semi-Detached House
£275K	06/24	0.7 mi	243, Lynn Road, Terrington St Clement, King's Lynn, Norfolk PE34 4HU	£2,696	102	3	Semi-Detached House
£250K	11/20	0.7 mi	254, Lynn Road, Terrington St Clement, King's Lynn, Norfolk PE34 4HU	£2,525	99	3	Detached House
£207K	10/20	0.7 mi	127, Main Road, Clenchwarton, King's Lynn, Norfolk PE34 4DT	£2,524	82	3	Semi-Detached House
£295K	07/22	0.7 mi	55, Hall Road, Clenchwarton, King's Lynn, Norfolk PE34 4AS	-	-	3	Semi-Detached House
£275K	09/22	0.7 mi	31, Hall Road, Clenchwarton, King's Lynn, Norfolk PE34 4AS	£2,682	103	3	Semi-Detached House
£245K	07/24	0.76 mi	85, Hall Road, Clenchwarton, King's Lynn, Norfolk PE34 4AX	£2,379	103	3	Semi-Detached House
£282.5K	10/20	0.78 mi	29, Marsh Road, Terrington St Clement, King's Lynn, Norfolk PE34 4HX	£2,394	118	3	Detached House
£240K	06/24	0.81 mi	38, Robin Kerkham Way, Clenchwarton, King's Lynn, Norfolk PE34 4BB	£2,963	81	3	Bungalow
£243.5K	11/20	0.82 mi	19, Rookery Road, Clenchwarton, King's Lynn, Norfolk PE34 4EQ	£2,676	91	3	Detached House
£260K	01/24	0.85 mi	13, Linden Road, Clenchwarton, King's Lynn, Norfolk PE34 4EL	£3,768	69	3	Bungalow
£255K	06/23	0.88 mi	45, Linford Estate, Clenchwarton, King's Lynn, Norfolk PE34 4BA	-	-	3	Detached House
£256K	02/21	0.92 mi	4, Hunters Close, Terrington St Clement, King's Lynn, Norfolk PE34 4LX	£2,723	94	3	Detached House
£253K	04/21	0.95 mi	2, Hunters Close, Terrington St Clement, King's Lynn, Norfolk PE34 4LX	£2,691	94	3	Detached House
£200K	03/21	0.99 mi	67, Marsh Road, Terrington St Clement, King's Lynn, Norfolk PE34 4LA	£2,381	84	3	Semi-Detached House

Local Rents

51 rents from £700/mo to £2.3K/mo, average is £875/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	06/24	0.2 mi	Clenchwarton	4	Detached House
£1,000	06/24	0.8 mi	CLENCHWARTON - 2/3 Bed Bungalow To Let	2	Flat
£1,050	03/24	0.81 mi	-	3	Bungalow
£1,050	06/24	0.81 mi	Robin Kerkham Way, King's Lynn Norfolk, PE34	3	Flat
£995	12/23	0.81 mi	-	3	Bungalow
£1,300	06/24	0.89 mi	Oxford Place, Terrington St. Clement, KING'S LYNN	3	Bungalow
£995	06/24	1.45 mi	Herbert Ward Way, Terrington St. Clement	3	Detached House
£1,050	06/24	1.51 mi	Benns Lane, Terrington St. Clement, KING'S LYNN	3	House
£1,200	03/24	1.62 mi	Rhoon Road, Terrington St. Clement, King's Lynn.	3	Terraced House
£975	06/24	1.8 mi	-	3	Terraced House
£975	06/24	1.8 mi	-	3	Terraced House
£975	03/25	1.8 mi	-	3	Terraced House
£950	06/24	1.86 mi	Marshland Street, Terrington St Clement, King's Lynn, PE34	2	Semi-Detached House
£1,250	06/24	2.14 mi	-	4	Detached House
£700	02/24	2.21 mi	-	1	Flat
£780	05/24	2.21 mi	-	1	Flat
£925	06/24	2.22 mi	Page Stair Lane, King's Lynn, PE30	2	Flat
£1,000	06/24	2.23 mi	King Street, King's Lynn, PE30	3	Terraced House
£950	08/24	2.23 mi	King Street, King's Lynn, PE30	3	Terraced House
£850	07/24	2.24 mi	Purfleet Quay, King's Lynn, PE30	1	Terraced House
£1,330	06/24	2.24 mi	King's Lynn	3	Detached House
£875	06/24	2.25 mi	Orange Row, Terrington St. Clement, KING'S LYNN	2	Flat
£1,250	06/24	2.26 mi	HISTORIC LYNN - Renovated 3 Bed Apartment with River Views	3	Flat
£985	06/24	2.26 mi	Kings Staithe Lane, King's Lynn	2	Flat
£950	06/24	2.26 mi	King's Lynn	2	Flat
£900	06/24	2.27 mi	Old School Court, King Street, KING'S LYNN, PE30	2	Flat
£2,250	06/24	2.27 mi	Tuesday Market Place, King's Lynn, Norfolk, PE30	1	Flat
£850	06/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	1	Flat
£850	06/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	2	Flat
£800	06/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	1	Flat
£800	07/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	1	Flat
£795	07/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	1	Flat
£795	07/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	1	Flat
£950	09/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	2	Flat
£795	09/24	2.27 mi	Bishops Lynn House, King's Lynn, PE30	1	Flat
£795	07/24	2.27 mi	-	1	Flat
£850	07/24	2.27 mi	-	1	Flat
£795	07/24	2.27 mi	-	1	Flat
£795	08/24	2.27 mi	-	1	Flat
£775	08/24	2.27 mi	-	1	Flat
£795	08/24	2.27 mi	-	1	Flat
£795	10/24	2.27 mi	-	1	Flat
£795	09/24	2.27 mi	-	1	Flat
£795	08/24	2.27 mi	-	1	Flat
£795	08/24	2.27 mi	-	1	Flat
£795	01/25	2.27 mi	-	1	Flat
£795	02/25	2.27 mi	-	1	Flat
£950	01/25	2.27 mi	-	2	Flat
£795	12/24	2.27 mi	-	1	Flat
£795	01/25	2.27 mi	-	1	Flat
£795	12/24	2.27 mi	-	1	Flat

Local Area Statistics

Population in PE34	13,97313,973
Population in King's Lynn	108,995108,995
Town centre distance	3.33 miles away3.33 miles away
Nearest school	0.70 miles away0.70 miles away
Nearest train station	2.68 miles away2.68 miles away

Rental growth (12m)	-14%-14%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+23%+23%

Property History

Listed for £120,000

January 31, 2025

Floor Plans

Description

Set on a generous plot on the edge of the charming village of Clenchwarton, Norfolk, this three-bedroom detached bungalow offers a unique opportunity for those looking to develop or rebuild. Constructed in the 1960s and now available for the first time, the property is of non-traditional construction and is being sold on behalf of the original owner. Enjoying stunning field views, the bungalow includes a garage and an outbuilding, providing additional storage or potential workspace. The sizeable plot offers excellent potential for redevelopment, whether replacing the existing dwelling with a modern home or exploring the possibility of securing planning permission for two separate plots. Situated in a peaceful village location yet within easy reach of local amenities and transport links, this is a rare chance to acquire a property with significant potential. CASH BUYERS ONLY. Contact us today for further details.

Agent Details

Russen & Turner, Kings Lynn

01553 603361

Next Steps?

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