4 Bed Detached House, Refurb/BRRR, Wisbech, PE13 3EB, £225,000

190 Lynn Road, Wisbech, Cambridgeshire, PE13 3EB - 2 views - a month ago

Auction

Refurb/BRRR

148 m²

+8 photos

ValuationFair Value

Sold Prices	£129K - £540K
Sold Prices/m²	£1.2K/m² - £3.1K/m²

Square Metres	148 m²
Price/m²	£1.5K/m²
Value Estimate	£225,000£225,000

End Value (After Refurb)	£331,111£331,111
Uplift in Value	+47%+47%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£56,250£56,250
Stamp Duty & Legal Fees	£12,450£12,450
Refurb Costs	£65,494£65,494
Bridging Loan Interest	£5,906£5,906
Total Cash In	£141,850£141,850

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£331,111£331,111
Agent Fees (1%)	£3,311£3,311
Bridging Loan	£168,750£168,750
Bridging Loan Interest	£5,906£5,906
Flip Profit	£17,200£17,200

Local Sold Prices

33 sold prices from £129K to £540K, average is £300K. £1.2K/m² to £3.1K/m², average is £2.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£472.5K	08/23	0 mi	174, Lynn Road, Wisbech, Cambridgeshire PE13 3EB	£2,339	202	4	Detached House
£240K	08/23	0.06 mi	24, Kooreman Avenue, Wisbech, Cambridgeshire PE13 3HY	£2,264	106	4	Detached House
£232K	10/21	0.16 mi	106, Lynn Road, Wisbech, Cambridgeshire PE13 3DP	-	-	4	Semi-Detached House
£129K	02/21	0.28 mi	14, Jeffery Avenue, Wisbech, Cambridgeshire PE13 3QY	£1,433	90	4	Semi-Detached House
£520K	06/23	0.31 mi	7a, Townshend Road, Wisbech, Cambridgeshire PE13 3DN	£1,688	308	4	Semi-Detached House
£217.5K	03/23	0.34 mi	34, Colvile Road, Wisbech, Cambridgeshire PE13 2ET	-	-	4	Semi-Detached House
£347K	06/21	0.34 mi	63, Colvile Road, Wisbech, Cambridgeshire PE13 2ET	£3,017	115	4	Detached House
£325K	01/23	0.37 mi	52, Clarkson Avenue, Wisbech, Cambridgeshire PE13 2EH	£2,124	153	4	Semi-Detached House
£540K	01/23	0.38 mi	6, Bowthorpe Hall Gardens, Wisbech, Cambridgeshire PE13 2HF	£3,140	172	4	Detached House
£281K	11/20	0.44 mi	29, Old Lynn Road, Wisbech, Cambridgeshire PE14 7AJ	£2,626	107	4	Detached House
£250K	12/20	0.45 mi	11, St Augustines Road, Wisbech, Cambridgeshire PE13 3AH	£1,174	213	4	Semi-Detached House
£210K	11/22	0.51 mi	5, Boyces Road, Wisbech, Cambridgeshire PE13 2JT	£1,765	119	4	Terraced House
£250K	03/21	0.54 mi	114, Norwich Road, Wisbech, Cambridgeshire PE13 2BA	£2,525	99	4	Semi-Detached House
£170K	07/23	0.55 mi	6, Acacia Avenue, Wisbech, Cambridgeshire PE13 3LW	£1,574	108	4	Terraced House
£315K	08/23	0.57 mi	5, Rochford Walk, Wisbech, Cambridgeshire PE13 3SU	-	-	4	Detached House
£325K	07/23	0.57 mi	2a, Third Avenue, Wisbech, Cambridgeshire PE13 2BJ	£2,846	114	4	Detached House
£240K	04/23	0.6 mi	11, William Road, Wisbech, Cambridgeshire PE13 2AA	£2,243	107	4	Detached House
£307.5K	02/21	0.62 mi	145, Stow Road, Wisbech, Cambridgeshire PE13 3TQ	£2,312	133	4	Detached House
£230K	05/21	0.63 mi	14, Kingsway, Wisbech, Norfolk PE13 3DU	£1,494	154	4	Detached House
£245K	10/21	0.64 mi	22, Bush Lane, Wisbech, Cambridgeshire PE13 2JW	-	-	4	Detached House
£335K	04/21	0.65 mi	17, Ramnoth Road, Wisbech, Cambridgeshire PE13 2JA	£1,948	172	4	Detached House
£300K	09/21	0.65 mi	70, Blackbear Lane, Wisbech, Norfolk PE13 3RU	£2,973	101	4	Detached House
£300K	09/21	0.73 mi	24, Eighth Avenue, Wisbech, Cambridgeshire PE13 2BW	-	-	4	Detached House
£325K	01/23	0.8 mi	66, Burrett Road, Wisbech, Norfolk PE14 7AU	-	-	4	Detached House
£400K	10/23	0.81 mi	9, Harolds Close, Wisbech, Norfolk PE14 7BS	£2,920	137	4	Detached House
£431K	12/22	0.83 mi	21, Peckover Drive, Wisbech, Cambridgeshire PE13 2HZ	-	-	4	Detached House
£347.5K	11/21	0.83 mi	6, Stow Gardens, Wisbech, Cambridgeshire PE13 2HS	£2,119	164	4	Detached House
£265K	05/23	0.84 mi	1, Kings Road, Wisbech, Cambridgeshire PE13 2PF	£1,815	146	4	Detached House
£366K	05/23	0.86 mi	29, Quaker Lane, Wisbech, Cambridgeshire PE13 2JQ	£1,989	184	4	Semi-Detached House
£337.5K	02/24	0.86 mi	Malvern House, Horse Shoe Corner, Wisbech, Cambridgeshire PE13 1PT	-	-	4	Semi-Detached House
£240K	12/23	0.87 mi	16, Queens Road, Wisbech, Cambridgeshire PE13 2PB	£1,905	126	4	Semi-Detached House
£210K	08/21	0.89 mi	28, Victoria Road, Wisbech, Cambridgeshire PE13 2QL	£1,687	125	4	Terraced House
£270K	09/21	0.89 mi	30, Penrose Gardens, Wisbech, Cambridgeshire PE13 2HP	£2,348	115	4	Detached House

Local Rents

33 rents from £775/mo to £1.3K/mo, average is £950/mo.

Rent	Date	Distance	Address	Beds	Type
£895	06/24	0.06 mi	KOOREMAN AVENUE, Wisbech, PE13	3	Detached House
£875	02/25	0.14 mi	-	3	Terraced House
£895	03/24	0.17 mi	Mount Pleasant Road, Wisbech, Cambridgeshire, PE13	3	Terraced House
£1,075	09/24	0.17 mi	-	3	Semi-Detached House
£1,000	02/25	0.25 mi	-	3	Semi-Detached House
£950	06/24	0.27 mi	Goddard Crescent, WISBECH	3	Detached House
£1,300	06/24	0.3 mi	Townshend Road, PE13	3	Semi-Detached House
£1,300	06/24	0.3 mi	Townshend Road, WISBECH	3	Semi-Detached House
£925	12/24	0.31 mi	-	3	Semi-Detached House
£875	06/24	0.33 mi	-	3	Semi-Detached House
£1,000	06/24	0.35 mi	Oakroyd Crescent, Wisbech	3	Detached House
£925	06/24	0.35 mi	Oakroyd Crescent, Wisbech	3	Detached House
£1,050	01/25	0.35 mi	-	3	Semi-Detached House
£1,300	06/24	0.36 mi	Norwich Road, Wisbech	3	Detached House
£950	01/25	0.36 mi	-	3	Semi-Detached House
£1,150	06/24	0.37 mi	Bramley Road, Wisbech	3	Semi-Detached House
£900	12/24	0.41 mi	-	3	Terraced House
£900	06/24	0.41 mi	Prince Of Wales Close, WISBECH	3	Terraced House
£950	06/24	0.45 mi	Windsor Drive, Wisbech, Cambridgeshire, PE13	3	Detached House
£1,200	06/24	0.45 mi	Norwich Road, Wisbech	3	Detached House
£850	12/24	0.45 mi	-	3	Semi-Detached House
£850	12/24	0.45 mi	-	3	Semi-Detached House
£850	06/24	0.46 mi	-	3	Semi-Detached House
£1,150	06/24	0.47 mi	Hereward Road, Wisbech	3	Semi-Detached House
£900	12/24	0.47 mi	-	3	Terraced House
£1,000	06/24	0.49 mi	St Augustines Road, WISBECH	3	House
£925	06/24	0.54 mi	Cherry Road, Wisbech	3	Detached House
£960	06/24	0.58 mi	-	4	Detached House
£1,100	06/24	0.6 mi	Marsh Walk, WISBECH	3	Detached House
£1,200	06/24	0.6 mi	Little Church Street, Wisbech	4	Flat
£1,200	06/24	0.6 mi	Little Church Street, Wisbech	4	Flat
£775	12/24	0.62 mi	-	3	Terraced House
£825	02/25	0.62 mi	-	3	Terraced House

Local Area Statistics

Population in PE13	35,17935,179
Population in Wisbech	56,03056,030
Town centre distance	0.46 miles away0.46 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	8.43 miles away8.43 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+22%+22%
Sales demand	Buyer's marketBuyer's market
Capital growth (5yrs)	+19%+19%

Property History

Listed for £225,000

March 6, 2025

Description

A Four Bedroom Detached House +
The House Requires Full Modernisation Throughout Giving Purchasers the Opportunity to carry out Works to Their Own Specifications +
Good Size Rear Garden with Brick Outbuilding and Off Street Parking to the Front +
Further Development Potential Subject to Usual Consents +

For sale by auction on 26th March at 10:30.

Please note that the Auction will be a livestream auction via our website.

A Four Bedroom Detached House in Need of Full Modernisation with Good Size Rear Garden, Off Street Parking and Brick Outbuilding

Ground Floor - Entrance Hall. Three Reception Rooms, Kitchen, Office, Separate WC
First Floor - Four Bedrooms (one with En-suite bathroom), Bathroom/WC

Rear Garden with Brick Outbuildings

For further information including viewing times and legal packs, please visit our website.

Agent Details

Probate.Auction, London

020 3984 8994

Next Steps?

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