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2 Bed Terraced House, Planning Permission, King's Lynn, PE30 2AX, £130,000

Burkitt Street, King's Lynn, PE30 2AX - 20 days ago

BTL
Planning
ROI: 5%
~68 m²
+7 photos

ValuationFair Value

Sold Prices£90.5K - £280K
Sold Prices/m²£1.3K/m² - £3.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.9K/m²

Value Estimate

£129,325

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Total Cash In

£40,200

 

 

Cash Out

 

Rent Range

£625 - £1,250

Rent Estimate

£750

Running Costs/mo

£576

Cashflow/mo

£174

Cashflow/yr

£2,085

ROI

5%

Gross Yield

7%

Local Sold Prices

50 sold prices from £90.5K to £280K, average is £147.5K. £1.3K/m² to £3.9K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£125K04/210.01 mi2, Burkitt Street, King's Lynn, Norfolk PE30 2AX2
£107K04/210.05 mi26, Cresswell Street, King's Lynn, Norfolk PE30 2AP2
£90.5K11/230.06 mi32, Loke Road, King's Lynn, Norfolk PE30 2AB2
£110K02/210.06 mi8, Sir Lewis Street, King's Lynn, Norfolk PE30 2AH2
£155K09/230.06 mi33, Loke Road, King's Lynn, Norfolk PE30 2AZ2
£121K04/230.07 mi6, Sir Lewis Street, King's Lynn, Norfolk PE30 2AH2
£150K03/230.08 mi51, George Street, King's Lynn, Norfolk PE30 2AQ2
£110K12/200.08 mi42, George Street, King's Lynn, Norfolk PE30 2AQ2
£105K03/210.08 mi4, George Street, King's Lynn, Norfolk PE30 2AQ2
£110K05/210.08 mi53, George Street, King's Lynn, Norfolk PE30 2AQ2
£112.3K12/200.09 mi19, Birchwood Street, King's Lynn, Norfolk PE30 2AG2
£140K10/210.09 mi31, Lansdowne Street, King's Lynn, Norfolk PE30 2AF2
£118K08/210.24 mi131, Austin Street, King's Lynn, Norfolk PE30 1QH2
£105K11/230.24 mi24, Harewood Drive, King's Lynn, Norfolk PE30 2BS2
£151.5K09/230.26 mi10, Archdale Street, King's Lynn, Norfolk PE30 1QY2
£150.5K01/230.26 mi20, Archdale Street, King's Lynn, Norfolk PE30 1QY2
£185K02/230.27 mi6, Eagle Yard, King's Lynn, Norfolk PE30 1RG2
£133K06/210.28 mi58, Losinga Road, King's Lynn, Norfolk PE30 2DH2
£170K01/240.31 mi15, Albert Avenue, King's Lynn, Norfolk PE30 1EE2
£126K12/200.44 mi72, Gaywood Road, King's Lynn, Norfolk PE30 2PT2
£118K02/210.44 mi70, Gaywood Road, King's Lynn, Norfolk PE30 2PT2
£155K11/210.47 mi9, Culey Close, King's Lynn, Norfolk PE30 2NH2
£160K05/210.56 mi184, Columbia Way, King's Lynn, Norfolk PE30 2LQ2
£144.5K02/230.58 mi27, River Walk, West Lynn, King's Lynn, Norfolk PE34 3LX2
£140K04/230.58 mi12, North Star Court, King's Lynn, Norfolk PE30 2NF2
£160K02/210.6 mi26, County Court Road, King's Lynn, Norfolk PE30 5EJ2
£152K01/210.61 mi28, Kingsway, King's Lynn, Norfolk PE30 2EJ2
£155K11/200.63 mi5, Tower Place, King's Lynn, Norfolk PE30 5DF2
£270K07/230.64 mi64, King George V Avenue, King's Lynn, Norfolk PE30 2QE2
£150K02/210.65 mi176, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3JF2
£169.5K04/210.67 mi20, Priory Lane, King's Lynn, Norfolk PE30 5DU2
£104K11/230.67 mi170, St Peters Road, West Lynn, King's Lynn, Norfolk PE34 3JF2
£157K04/230.71 mi19, Mariners Way, King's Lynn, Norfolk PE30 2NY2
£120K12/230.73 mi78, Tennyson Road, King's Lynn, Norfolk PE30 5NG2
£130K09/210.73 mi3, The Lows, West Lynn, King's Lynn, Norfolk PE34 3JN2
£108K02/210.73 mi4, The Lows, West Lynn, King's Lynn, Norfolk PE34 3JN2
£145K07/240.73 mi3, The Lows, West Lynn, King's Lynn, Norfolk PE34 3JN2
£280K10/230.73 mi25, Salters Road, Gaywood, King's Lynn, Norfolk PE30 4HF2
£210K12/200.75 mi23, King John Avenue, King's Lynn, Norfolk PE30 4QB2
£192.5K06/230.77 mi5, Church Lane, King's Lynn, Norfolk PE30 5AE2
£160K10/200.79 mi15, Carmelite Terrace, King's Lynn, Norfolk PE30 5AF2
£168K02/210.8 mi32, Extons Road, King's Lynn, Norfolk PE30 5PG2
£175K11/230.8 mi24, Extons Road, King's Lynn, Norfolk PE30 5PG2
£107K12/200.81 mi17, Valingers Road, King's Lynn, Norfolk PE30 5HD2
£108K02/210.81 mi18, Valingers Road, King's Lynn, Norfolk PE30 5HD2
£139.5K12/210.81 mi19a, Valingers Road, King's Lynn, Norfolk PE30 5HD2
£174K04/210.81 mi7, Whitefriars Terrace, King's Lynn, Norfolk PE30 5AQ2
£165.2K09/230.81 mi3, Whitefriars Terrace, King's Lynn, Norfolk PE30 5AQ2
£163K03/230.85 mi13, South Everard Street, King's Lynn, Norfolk PE30 5HJ2
£168.5K11/230.85 mi37, South Everard Street, King's Lynn, Norfolk PE30 5HJ2

Local Rents

50 rents from £625/mo to £1.3K/mo, average is £850/mo.

RentDateDistanceAddressBeds 
£80006/240.03 miCresswell Street, King's Lynn, PE302
£80006/240.03 mi-2
£80007/240.03 mi-2
£77503/250.07 mi-2
£82506/240.08 mi-2
£82506/240.09 miBirchwood Street, King's Lynn, PE302
£99506/240.21 miPilot Street, King's Lynn, PE302
£79508/240.24 miRegis House2
£82508/240.26 miAustin Street, KINGS LYNN, PE302
£89509/240.27 miEagle Yard, Gaywood Road, King's Lynn, PE302
£89506/240.28 miFredricks Court, King's Lynn2
£90006/240.3 miSt Anns House, King's Lynn, PE302
£85006/240.3 miMill Houses, King's Lynn, PE302
£85008/240.3 miMill Houses, King's Lynn, PE302
£95006/240.3 mi-2
£90004/250.31 mi-2
£77506/240.32 miBlackfriars Road, KING'S LYNN2
£80007/240.32 miBlackfriars Road, KING'S LYNN2
£89508/240.34 miTuesday Market Place, King's Lynn, Norfolk, PE302
£75007/240.35 miChapel Street2
£77506/240.36 miOld Sunway, KING'S LYNN2
£92506/240.36 miLovell House, Kings Lynn2
£95001/250.38 mi-2
£95003/250.38 mi-2
£85006/240.38 miBishops Lynn House, King's Lynn, PE302
£95009/240.38 miBishops Lynn House, King's Lynn, PE302
£81008/240.4 miKing's Lynn2
£79506/240.41 mi5 Portland Street, King's Lynn, PE302
£92506/240.42 miPage Stair Lane, King's Lynn, PE302
£75006/240.42 mi-2
£75009/230.43 mi-2
£77506/240.43 miWaterloo Street, King's Lynn2
£89506/240.44 miWaterloo Street, Kings Lynn, PE302
£89503/240.44 mi-2
£85006/240.46 miOld Market Street, King's Lynn2
£90006/240.47 miOld School Court, King Street, KING'S LYNN, PE302
£72506/240.47 miBlackfriars Road, King's Lynn, PE302
£65007/240.47 miKingslynn, PE302
£62507/240.47 miKingslynn, PE302
£1,25012/230.49 mi-2
£1,25001/250.49 mi-2
£1,25001/250.49 mi-2
£89506/240.5 miNorth Star Court, King's Lynn, PE302
£95006/240.51 mi Tennyson Avenue, King's Lynn, King's Lynn, Pe302
£89506/240.51 miFlat 1, Waterside, 29 Purfleet Street, King's Lynn, Norfolk, PE302
£82506/240.52 miPurfleet Street, King's Lynn2
£82508/240.52 miPurfleet Street2
£75006/240.54 miSwiss Terrace, KING'S LYNN, PE302
£85006/240.58 miLady Jane Grey Road, King's Lynn, PE302
£80006/240.58 miBaker Lane - Kings Lynn2

Links

Local Area Statistics

Population in PE30

43,924

Population in King's Lynn

108,995

Town centre distance

0.80 miles away

Nearest school

0.30 miles away

Nearest train station

0.45 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+14%

Sales demand

Balanced market

Capital growth (5yrs)

+26%

Property History

Listed for £130,000

March 17, 2025

Floor Plans

Description

  • 2 Bedrooms +
  • Centrally Located +
  • Close to amenities +
  • Fantastic Buy-2-Let +
  • First Time Buy/Buy To Let +
  • Freehold +
  • No Onward Chain +
  • Viewing Advised +

Situated in a convenient location with easy access to the town centre and train station, this well-positioned two-bedroom terraced house presents an excellent investment opportunity.

The property features a spacious living area, a well-proportioned kitchen, and two generously sized bedrooms. In our opinion, there is potential to convert the property into a three-bedroom home, subject to planning permission.

With great transport links and amenities nearby, this property is perfect for investors or those looking to add value through development. Early viewing is highly recommended!

Council Tax Band: A

Agent Details

Signature Sales and Lettings, Bedford

01234 395095

Next Steps?

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

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