3 Bed Bungalow, Refurb/BRRR, King's Lynn, PE30 5NP, £185,000

Extons Place, King's Lynn, Norfolk, PE30 5NP - 13 days ago

Refurb/BRRR
ROI: 2%
~93 m²
+6 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£46,250

Stamp Duty & Legal Fees

£10,450

Refurb Costs

£41,509

Bridging Loan Interest

£4,856

Total Cash In

£104,815

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£200,286

Mortgage (After Refinance)

£150,215

Mortgage LTV

75%

Cash Released

£11,465

Cash Left In

£93,350

Equity

£50,072

Rent Range

£750 - £1,100

Rent Estimate

£1,001

Running Costs/mo

£846

Cashflow/mo

£155

Cashflow/yr

£1,859

ROI

2%

Gross Yield

6%













Local Rents

13 rents from £750/mo to £1.1K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,05008/240.02 miExtons Place, Kings Lynn3
£99506/240.38 miKing's Lynn 3
£75007/230.44 mi-3
£75007/230.44 mi-3
£1,10007/240.46 miWindsor Road, KING'S LYNN3
£1,10006/240.52 miKing George V Avenue, KING'S LYNN, PE303
£99509/240.53 miTennyson Avenue, King's Lynn, PE303
£1,10007/240.55 miLondon Road, King's Lynn3
£1,10008/240.55 mi30 Low Road, King's Lynn, PE303
£1,10006/240.56 mi-3
£1,10006/240.56 mi-3
£82501/240.56 mi-3
£90006/240.57 miNorth Everard Street, Kings Lynn, Norfolk3

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.56 miles away

Nearest school

0.40 miles away

Nearest train station

0.59 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £185,000

March 11, 2025

Floor Plans

Description

  • THREE BEDROOM SEMI DETACHED BUNGALOW +
  • AVAILABLE WITH NO ONWARD CHAIN +
  • CLOSE TO TOWN CENTRE +
  • SOUGHT AFTER AREA +
  • PLENTY OF POTENTIAL +
  • DRIVEWAY WITH PARKING FOR MULTIPLE VEHICLES +
  • SPACIOUS LOUNGE +
  • GAS CENTRAL HEATING +

The Norfolk Agents are pleased to offer to the market this three bedroom semi detached bungalow which is available with no onward chain. The property offers plenty of potential and is a great chance for buyers to put their own stamp on a home! Positioned in the sought after Extons Place the property is close to the town centre and within easy reach of the mainline station with links to both London and Cambridge.

Accommodation:

Benefiting from spacious accommodation throughout the property is accessed via the entrance porch which leads in to the hallway. From here the internal living space and the bedrooms are accessed, there are three well proportioned bedrooms to the front of the home which have plenty of natural light flooding in. The bathroom is fitted with a three piece suite.

There is a spacious lounge dining room which is generous in size, a great space to both relax and entertain. To the rear of the property is the kitchen which although will need modernisation is of a good size.

Outside:

The rear garden has a patio/lawned area with a fence running around the perimeter of the property. To the front is parking on the driveway along with an area laid to gravel.

Services:

This home has gas central heating, and has mains drainage, mains electric and water.

Council Tax Band: B

EPC Rating: D

AGENTS NOTE: A report on this property has been undertaken by a structural engineer, this report is available upon request.

1. Purchasers will be asked to produce ID to satisfy money laundering regulations and we would ask for your co-operation in providing the relevant documentation. 2. While we endeavour to make our sales details fair, accurate and reliable, they are only a general guide to the property. If there is any point which is of particular importance to you, please contact the office and we will be please to make further investigations. 3. The measurements indicated are supplied for guidance only. 4. Please note we have not tested the services or any of the equipment or appliances in this property. We strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. THE NORFOLK AGENTS LIMITED NOR ANY OF ITS EMPLOYEES HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATSOEVER IN RELATION TO THIS PROPERTY.

Agent Details

The Norfolk Agents, Kings Lynn

01553 603396

Next Steps?

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