3 Bed Terraced House, Refurb/BRRR, King's Lynn, PE30 1QY, £50,000

21 Archdale Street, King's Lynn, PE30 1QY - 5 views - 14 days ago

Auction
Refurb/BRRR
ROI: 9%
71 m²
+2 photos

ValuationFair Value

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

 

 

Square Metres

71 m²
Price/m²£704/m²

Value Estimate

£51,000

 

 

End Value (After Refurb)

£130,651

Uplift in Value

+161%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£12,500

Stamp Duty & Legal Fees

£3,700

Refurb Costs

£31,689

Bridging Loan Interest

£1,313

Total Cash In

£50,952

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£130,651

Agent Fees (1%)

£1,307

Bridging Loan

£37,500

Bridging Loan Interest

£1,313

Flip Profit

£40,892

Local Sold Prices

50 sold prices from £110K to £360K, average is £155K. £1.2K/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£150K02/230.01 mi25, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£145K12/220.03 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£165K02/210.03 mi9, Homeland Road, King's Lynn, Norfolk PE30 2PP3
£119K10/210.03 mi16, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£145K12/230.03 mi22, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£152K12/220.03 mi26, Archdale Street, King's Lynn, Norfolk PE30 1QY3
£180K11/200.04 mi23, Gaywood Road, King's Lynn, Norfolk PE30 2PR3
£140K03/210.05 mi5, Eastgate Street, King's Lynn, Norfolk PE30 1QX3
£200K02/210.1 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£225K10/230.1 mi168, Loke Road, King's Lynn, Norfolk PE30 2BP3
£186K09/210.11 mi158, Loke Road, King's Lynn, Norfolk PE30 2BW3
£170K05/210.12 mi28, Highgate, King's Lynn, Norfolk PE30 1PS3
£170K12/230.12 mi9, Harecroft Gardens, King's Lynn, Norfolk PE30 2BY3
£165K09/210.15 mi109, Loke Road, King's Lynn, Norfolk PE30 2BE3
£190K05/230.15 mi45, Highgate, King's Lynn, Norfolk PE30 1PU3
£175K10/230.15 mi92, Highgate, King's Lynn, Norfolk PE30 1PU3
£190K07/230.16 mi4, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£125K03/210.16 mi14, Smith Avenue, King's Lynn, Norfolk PE30 2BQ3
£155K08/210.2 mi20, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£128K05/210.2 mi12, Woodwark Avenue, King's Lynn, Norfolk PE30 2BA3
£170K03/210.21 mi44, Milton Avenue, King's Lynn, Norfolk PE30 2QH3
£249K05/230.21 mi44, Milton Avenue, King's Lynn, Norfolk PE30 2QH3
£156K10/210.22 mi81, Loke Road, King's Lynn, Norfolk PE30 2AZ3
£198K01/210.24 mi65, Milton Avenue, King's Lynn, Norfolk PE30 2QQ3
£315K05/240.26 mi36, Tennyson Avenue, King's Lynn, Norfolk PE30 2QG3
£135K10/210.26 mi40, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£136.5K01/230.27 mi15, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£115K04/210.27 mi43, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£120K07/230.27 mi44, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£127K10/200.27 mi10, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£130K10/200.27 mi25, Birchwood Street, King's Lynn, Norfolk PE30 2AG3
£225K03/210.28 mi9, King George V Avenue, King's Lynn, Norfolk PE30 2QD3
£150K01/210.28 mi44, Columbia Way, King's Lynn, Norfolk PE30 2LB3
£127K04/230.29 mi24, Loke Road, King's Lynn, Norfolk PE30 2AB3
£168K03/240.31 mi61, Cresswell Street, King's Lynn, Norfolk PE30 2AW3
£125K10/210.31 mi30, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£125K08/230.31 mi49, Cresswell Street, King's Lynn, Norfolk PE30 2AP3
£195K01/210.32 mi87, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£220K09/230.32 mi107, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£257.5K03/240.32 mi66, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£148.8K01/230.32 mi129, Tennyson Avenue, King's Lynn, Norfolk PE30 2QJ3
£150K09/210.33 mi9, Losinga Road, King's Lynn, Norfolk PE30 2DQ3
£185K12/220.34 mi71, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£110K08/210.34 mi64, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£123K02/230.34 mi69, Sir Lewis Street, King's Lynn, Norfolk PE30 2AL3
£118K10/230.36 mi14, Turbus Road, King's Lynn, Norfolk PE30 2DL3
£155K03/210.36 mi6, Albert Avenue, King's Lynn, Norfolk PE30 1EE3
£360K03/210.37 mi147, Gaywood Road, King's Lynn, Norfolk PE30 2QA3
£152K12/200.39 mi111, Columbia Way, King's Lynn, Norfolk PE30 2LF3
£195K10/210.4 mi32, Chapel Street, King's Lynn, Norfolk PE30 1EF3

Local Rents

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

RentDateDistanceAddressBeds 
£95006/240.15 miLoke Road, KING'S LYNN3
£1,00007/240.15 miLoke Road, KING'S LYNN3
£95006/240.18 miWoodwark Avenue3
£99501/250.2 mi-3
£99509/240.24 miTennyson Avenue, King's Lynn, PE303
£82506/240.25 miGeorge Street, KINGS LYNN, King's Lynn, PE303
£89506/240.27 miKings Lynn3
£1,10006/240.28 miKing George V Avenue, KING'S LYNN, PE303
£95009/240.31 miCresswell Street, King's Lynn, King's Lynn, PE303
£95006/240.31 miCresswell Street, KING'S LYNN3
£85006/240.31 miSir Lewis Street, Kings Lynn, Norfolk, PE303
£99506/240.32 miKing's Lynn 3
£92509/240.34 miSir Lewis Street, KING'S LYNN3
£89508/240.34 miSir Lewis Street, King's Lynn, PE303
£1,00006/240.35 miBlackfriars Road - Kings Lynn3
£1,10007/240.35 miBlackfriars Road - Kings Lynn3
£1,10009/230.38 mi-3
£1,10009/230.38 mi-3
£92506/240.39 miKings Lynn3
£1,05006/240.4 miChapel Street3
£1,10008/240.43 mi30 Low Road, King's Lynn, PE303
£1,00006/240.53 miSt James Court, King's Lynn, PE303
£1,20008/240.53 miSt James Court, King's Lynn, PE303
£1,00006/240.57 miKing Street, King's Lynn, PE303
£95008/240.57 miKing Street, King's Lynn, PE303
£1,33006/240.58 miKing's Lynn3
£82501/240.59 mi-3
£1,10008/240.59 miLe Strange Avenue, King's Lynn, Norfolk, PE303

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.55 miles away

Nearest school

0.10 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £50,000

March 7, 2025

Description

LOT 60D FOR SALE BY ONLINE AUCTION on 26th March 2025

Freehold House Vacant Possession

Situated off Gaywood Road, close to the amenities available in King's Lynn Town Centre and travelling facilities including King's Lynn Railway Station.

A Terrace House requiring modernisation with accommodation arranged on Two Floors comprising:

First Floor
Three Rooms

Ground Floor
Living Room
Kitchen
Dining Room
Bathroom/WC

Garden at Rear

Tenancy
Vacant Possession

EPC Rating
G

Council Tax Band
A

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,200 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

Agent Details

McHugh & Co, London

020 3907 9877

Next Steps?

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