3 Bed Terraced House, Planning Permission, King's Lynn, PE30 2BP, £310,000

Loke Road, King's Lynn, PE30 2BP - a month ago

Planning
ROI: 1%
~93 m²
+3 photos

ValuationOvervalued

Sold Prices£110K - £360K
Sold Prices/m²£1.2K/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.3K/m²

Value Estimate

£176,540

 

 

End Value (After Refurb)

£212,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£19,700

Refurb Costs

£41,509

Bridging Loan Interest

£8,138

Total Cash In

£148,596

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£212,500

Mortgage (After Refinance)

£159,375

Mortgage LTV

75%

Cash Left In

£148,596

Equity

£53,125

Rent Range

£650 - £1,100

Rent Estimate

£974

Running Costs/mo

£879

Cashflow/mo

£95

Cashflow/yr

£1,142

ROI

1%

Gross Yield

4%

Local Sold Prices

50 sold prices from £110K to £360K, average is £153.5K. £1.2K/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£200K02/210 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£225K10/230 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£186K09/210.05 mi158, Loke Road, King's Lynn, Norfolk PE30 2BW3
£165K02/210.07 mi9, Homeland Road, King's Lynn, Norfolk PE30 2PP3
£190K07/230.09 mi4, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£125K03/210.09 mi14, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£180K11/200.1 mi23, Gaywood Road, King's Lynn, Norfolk PE30 2PR3
£145K12/220.11 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£150K02/230.11 mi25, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£119K10/210.12 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£145K12/230.12 mi22, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£152K12/220.12 mi26, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£170K12/230.13 mi9, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY3
£165K09/210.13 mi109, Loke Road, King's Lynn, Norfolk PE30 2BE3
£140K03/210.15 mi5, Eastgate Street, King's Lynn, Norfolk PE30 1QX3
£155K08/210.17 mi20, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£128K05/210.17 mi12, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£150K01/210.18 mi44, Columbia Way, King's Lynn, Norfolk PE30 2LB3
£170K05/210.22 mi28, Highgate, King's Lynn, Norfolk PE30 1PS3
£156K10/210.22 mi81, Loke Road, King's Lynn, Norfolk PE30 2AZ3
£150K09/210.24 mi9, Losinga Road, King's Lynn, Norfolk PE30 2DQ3
£190K05/230.25 mi45, Highgate, King's Lynn, Norfolk PE30 1PU3
£175K10/230.25 mi92, Highgate, King's Lynn, Norfolk PE30 1PU3
£170K03/210.27 mi44, Milton Avenue, King's Lynn, Norfolk PE30 2QH3
£249K05/230.27 mi44, Milton Avenue, King's Lynn, Norfolk PE30 2QH3
£152K12/200.28 mi111, Columbia Way, King's Lynn, Norfolk PE30 2LF3
£315K05/240.28 mi36, Tennyson Avenue, King's Lynn, Norfolk PE30 2QG3
£135K10/210.29 mi40, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£225K03/210.29 mi9, King George V Avenue, King's Lynn, Norfolk PE30 2QD3
£125K10/210.29 mi30, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£125K08/230.29 mi49, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£136.5K01/230.29 mi15, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£118K10/230.29 mi14, Turbus Road, King's Lynn, Norfolk PE30 2DL3
£115K04/210.3 mi43, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£120K07/230.3 mi44, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£127K10/200.3 mi10, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£130K10/200.3 mi25, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£127K04/230.3 mi24, Loke Road, King's Lynn, Norfolk PE30 2AB3
£198K01/210.3 mi65, Milton Avenue, King's Lynn, Norfolk PE30 2QQ3
£168K03/240.31 mi61, Cresswell Street, King's Lynn, Norfolk PE30 2AW3
£185K12/220.32 mi71, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£110K08/210.32 mi64, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£123K02/230.32 mi69, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£118.5K06/210.32 mi52, Losinga Road, King's Lynn, Norfolk PE30 2DH3
£360K03/210.33 mi147, Gaywood Road, King's Lynn, Norfolk PE30 2QA3
£195K01/210.38 mi87, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£220K09/230.38 mi107, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£257.5K03/240.38 mi66, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£148.8K01/230.38 mi129, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£155K03/210.44 mi6, Albert Avenue, King's Lynn, Norfolk PE30 1EE3

Local Rents

24 rents from £650/mo to £1.1K/mo, average is £995/mo.

RentDateDistanceAddressBeds 
£99502/250.13 mi-3
£1,00007/240.13 miLoke Road, KING'S LYNN3
£95006/240.14 miWoodwark Avenue3
£95006/240.14 miLoke Road, KING'S LYNN3
£99509/240.25 miTennyson Avenue, King's Lynn, PE303
£82506/240.26 miGeorge Street, KINGS LYNN, King's Lynn, PE303
£92506/240.28 miKings Lynn3
£1,10009/230.29 mi-3
£1,10009/230.29 mi-3
£1,10006/240.29 miKing George V Avenue, KING'S LYNN, PE303
£95006/240.29 miCresswell Street, KING'S LYNN3
£89506/240.3 miKings Lynn3
£95009/240.3 miCresswell Street, King's Lynn, King's Lynn, PE303
£85006/240.33 miSir Lewis Street, Kings Lynn, Norfolk, PE303
£89508/240.33 miSir Lewis Street, King's Lynn, PE303
£92509/240.34 miSir Lewis Street, KING'S LYNN3
£99506/240.38 miKing's Lynn 3
£1,00006/240.45 miBlackfriars Road - Kings Lynn3
£1,10007/240.45 miBlackfriars Road - Kings Lynn3
£1,05006/240.47 miChapel Street3
£1,10008/240.49 miLe Strange Avenue, King's Lynn, Norfolk, PE303
£1,10008/240.53 mi30 Low Road, King's Lynn, PE303
£1,10006/240.6 miKings Lynn3
£65006/240.62 miMethuen Avenue, Gaywood, KING'S LYNN3

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.52 miles away

Nearest school

0.10 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 £310,000

March 6, 2025

Floor Plans

Description

Property Reference number : 316787

3 Bedrooms
A prime investment opportunity with FULL planning permission and building regulations approved (Ref: 23/00518/F) for conversion into two spacious two-bedroom flats. Plans include a rear extension and rebuilding of the existing rear wing, maximising space and value.

Ready-to-go development – no delays, all approvals in place
High-demand location with strong rental & resale potential
Close to transport links and local amenities Council Tax: C WARNING: Never transfer funds to a property owner before viewing the property in person. If in doubt contact the marketing agent or the Citizens Advice Bureau. GDPR: Submitting a viewing request for the above property means you are giving us permission to pass your contact details to the vendor or landlord for further communication related to viewing arrangement, or more information related to the above property. If you disagree, please write to us within the message field so we do not forward your details to the vendor or landlord or their managing company. VIEWING DISCLAIMER: Quicklister endeavour to ensure the sales particulars of properties advertised are fair, accurate and reliable, however they are not exhaustive and viewing in person is highly recommended. If there is any point which is of particular importance to you, please contact Quicklister and we will be pleased to check the position for you, especially if you are contemplating traveling some distance to view the property.

Property Reference number : 316787

Agent Details

Quicklister, Nationwide

020 3840 3908

Next Steps?

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