3 Bed Detached House, Refurb/BRRR, King's Lynn, PE30 5LA, £275,000

Wisbech Road, King's Lynn, PE30 5LA - 2 views - 2 months ago

Refurb/BRRR
ROI: 3%
~93 m²
+7 photos

ValuationOvervalued











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Refurb Costs

£41,509

Bridging Loan Interest

£7,219

Total Cash In

£129,927

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£162,500

Mortgage (After Refinance)

£121,875

Mortgage LTV

75%

Cash Left In

£129,927

Equity

£40,625

Rent Range

£800 - £1,400

Rent Estimate

£1,065

Running Costs/mo

£741

Cashflow/mo

£324

Cashflow/yr

£3,890

ROI

3%

Gross Yield

5%

Local Sold Prices

50 sold prices from £95K to £250K, average is £151.5K. £992/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£140K06/210.06 mi2, St Valery Lane, King's Lynn, Norfolk PE30 5LN3
£145K10/230.08 mi29, Bunnett Avenue, King's Lynn, Norfolk PE30 5JY3
£161.5K09/230.09 mi22, Queens Avenue, King's Lynn, Norfolk PE30 5LR3
£165K12/220.1 mi28, Metcalf Avenue, King's Lynn, Norfolk PE30 5JT3
£185K01/210.11 mi59, Wisbech Road, King's Lynn, Norfolk PE30 5JS3
£117.5K06/230.12 mi3, Ouse Avenue, King's Lynn, Norfolk PE30 5LS3
£105K04/230.12 mi7, Ouse Avenue, King's Lynn, Norfolk PE30 5LS3
£145K03/230.15 mi113, Saddlebow Road, King's Lynn, Norfolk PE30 5BN3
£155K11/230.15 mi105, Saddlebow Road, King's Lynn, Norfolk PE30 5BN3
£170K05/230.15 mi23, Hillen Road, King's Lynn, Norfolk PE30 5LE3
£160K10/230.15 mi35, Hillen Road, King's Lynn, Norfolk PE30 5LE3
£108K05/210.16 mi16, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£102K11/200.16 mi17, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£120K01/240.16 mi28, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£180K08/230.16 mi28, Wisbech Road, King's Lynn, Norfolk PE30 5JP3
£160K01/230.17 mi97, Saddlebow Road, King's Lynn, Norfolk PE30 5BN3
£165K01/210.17 mi30, Saddlebow Road, King's Lynn, Norfolk PE30 5BH3
£177.5K05/230.17 mi34, Saddlebow Road, King's Lynn, Norfolk PE30 5BH3
£118K06/210.19 mi30, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£135K12/200.2 mi43, Beloe Crescent, King's Lynn, Norfolk PE30 5LF3
£122.5K01/240.2 mi14, Hillen Road, King's Lynn, Norfolk PE30 5LG3
£125K09/210.2 mi60, Hillen Road, King's Lynn, Norfolk PE30 5LG3
£130K11/200.2 mi17, Kitchener Street, King's Lynn, Norfolk PE30 5BJ3
£95K06/210.21 mi15, Wisbech Road, King's Lynn, Norfolk PE30 5JW3
£143K10/230.22 mi14, Diamond Street, King's Lynn, Norfolk PE30 5LX3
£182K10/230.22 mi7, Winfarthing Avenue, King's Lynn, Norfolk PE30 5LY3
£135K12/200.22 mi15, Winfarthing Avenue, King's Lynn, Norfolk PE30 5LY3
£130K05/210.24 mi11, Wisbech Road, King's Lynn, Norfolk PE30 5JN3
£245K01/230.24 mi2, Ruddy Duck Lane, King's Lynn, Norfolk PE30 5DP3
£142.5K02/210.24 mi195, Saddlebow Road, King's Lynn, Norfolk PE30 5BW3
£143K06/210.24 mi235, Saddlebow Road, King's Lynn, Norfolk PE30 5BW3
£109K05/210.28 mi1, Sydney Terrace, King's Lynn, Norfolk PE30 5BP3
£168K04/210.28 miThe Rubicon, 14, Sydney Terrace, King's Lynn, Norfolk PE30 5BP3
£123K09/210.3 mi1, Keene Road, King's Lynn, Norfolk PE30 5BT3
£150K12/230.42 mi5, Cromwell Terrace, King's Lynn, Norfolk PE30 5AX3
£215K07/230.44 mi45, Friars Street, King's Lynn, Norfolk PE30 5AP3
£162.5K06/210.44 mi73, Friars Street, King's Lynn, Norfolk PE30 5AP3
£153K01/210.44 mi20, Friars Street, King's Lynn, Norfolk PE30 5AP3
£207.5K05/230.44 mi48, Friars Street, King's Lynn, Norfolk PE30 5AP3
£135K07/210.49 mi44, Checker Street, King's Lynn, Norfolk PE30 5AS3
£245K07/230.49 mi2, Guanock Place, King's Lynn, Norfolk PE30 5QJ3
£250K08/230.49 mi53, Vancouver Avenue, King's Lynn, Norfolk PE30 5RD3
£189K05/230.49 mi71, Vancouver Avenue, King's Lynn, Norfolk PE30 5RD3
£195K10/200.49 mi2, Guanock Place, King's Lynn, Norfolk PE30 5QJ3
£150K05/210.53 mi13, Carmelite Terrace, King's Lynn, Norfolk PE30 5AF3
£170K10/230.55 mi4, Guanock Terrace, King's Lynn, Norfolk PE30 5QT3
£130K03/210.56 mi10, Valingers Road, King's Lynn, Norfolk PE30 5HD3
£167.5K05/210.57 mi37, Bridge Street, King's Lynn, Norfolk PE30 5AB3
£174.9K12/200.58 mi17, York Road, King's Lynn, Norfolk PE30 5RB3
£213.5K05/210.6 mi6, Whitehall Drive, West Lynn, King's Lynn, Norfolk PE34 3LD3

Local Rents

19 rents from £800/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,40006/240.11 miWisbech Road, KING'S LYNN3
£87507/240.17 miHockham Street, King's Lynn, PE303
£89503/250.21 mi-3
£1,10012/230.21 mi-3
£85004/250.22 mi-3
£1,25012/240.23 mi-3
£1,10008/240.25 miDragonfly Way, King's Lynn, PE303
£1,05007/240.27 miSandpiper Way, King's Lynn3
£99508/240.29 miHoney Bee Lane, King's Lynn, PE303
£1,20006/240.4 miEthel Terrace, Kings Lynn3
£80007/240.42 miGladstone Road, King's Lynn, Norfolk3
£1,20010/240.42 mi-3
£99504/250.42 mi-3
£1,05006/240.45 miFriars Street, King's Lynn, PE303
£1,10006/240.45 mi-3
£1,10006/240.45 mi-3
£1,10007/240.51 miLondon Road, King's Lynn3
£90006/240.54 miNorth Everard Street, Kings Lynn, Norfolk3
£1,10007/240.61 miWindsor Road, KING'S LYNN3

Property History

Listed for £275,000

February 7, 2025

Floor Plans

Description

  • Detached house +
  • 3 Bedrooms +
  • 2 Reception roms +
  • 2 Garages +
  • 150ft x 50ft plot (STS) +
  • Gas central heating +
  • Double glazed +
  • Private parking +
  • South east facing garden +
  • No chain +

A Fantastic Family Opportunity This three-bedroom detached home is brimming with potential, offering generous living space inside and out. Set on a 120ft x 50ft plot (STS), it features two reception rooms, a conservatory, and two shower rooms, making it a fantastic choice for families looking to create their perfect home. While the property requires some cosmetic updating, it already benefits from gas central heating and double glazing, providing a solid foundation for modernisation. The south-east facing garden enjoys plenty of natural light throughout the day, making it an ideal space for families and keen gardeners alike. Additional highlights include two garages, offering ample storage or workshop space. With some thoughtful improvements, this could become a truly stunning home tailored to your taste. A fantastic opportunity for those looking to add value and make a house their own! Contact us today to arrange a viewing.

Agent Details

Russen & Turner, Kings Lynn

01553 603361

Next Steps?

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

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