3 Bed Terraced House, Refurb/BRRR, King's Lynn, PE30 5LR, £160,000

Queens Avenue, King's Lynn, Norfolk, PE30 5LR - 16 days ago

Refurb/BRRR
ROI: 4%
~93 m²
+17 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Refurb Costs

£41,509

Bridging Loan Interest

£4,200

Total Cash In

£97,359

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£160,191

Mortgage (After Refinance)

£120,143

Mortgage LTV

75%

Cash Released

£143

Cash Left In

£97,216

Equity

£40,048

Rent Range

£800 - £1,400

Rent Estimate

£1,041

Running Costs/mo

£729

Cashflow/mo

£312

Cashflow/yr

£3,746

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £95K to £250K, average is £151.5K. £992/m² to £3.1K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£161.5K09/230.02 mi22, Queens Avenue, King's Lynn, Norfolk PE30 5LR3
£117.5K06/230.05 mi3, Ouse Avenue, King's Lynn, Norfolk PE30 5LS3
£105K04/230.05 mi7, Ouse Avenue, King's Lynn, Norfolk PE30 5LS3
£140K06/210.05 mi2, St Valery Lane, King's Lynn, Norfolk PE30 5LN3
£108K05/210.1 mi16, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£102K11/200.1 mi17, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£120K01/240.1 mi28, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£185K01/210.12 mi59, Wisbech Road, King's Lynn, Norfolk PE30 5JS3
£118K06/210.14 mi30, Hockham Street, King's Lynn, Norfolk PE30 5LZ3
£180K08/230.14 mi28, Wisbech Road, King's Lynn, Norfolk PE30 5JP3
£145K10/230.16 mi29, Bunnett Avenue, King's Lynn, Norfolk PE30 5JY3
£165K12/220.16 mi28, Metcalf Avenue, King's Lynn, Norfolk PE30 5JT3
£182K10/230.17 mi7, Winfarthing Avenue, King's Lynn, Norfolk PE30 5LY3
£135K12/200.17 mi15, Winfarthing Avenue, King's Lynn, Norfolk PE30 5LY3
£143K10/230.18 mi14, Diamond Street, King's Lynn, Norfolk PE30 5LX3
£95K06/210.19 mi15, Wisbech Road, King's Lynn, Norfolk PE30 5JW3
£165K01/210.2 mi30, Saddlebow Road, King's Lynn, Norfolk PE30 5BH3
£177.5K05/230.2 mi34, Saddlebow Road, King's Lynn, Norfolk PE30 5BH3
£130K05/210.21 mi11, Wisbech Road, King's Lynn, Norfolk PE30 5JN3
£160K01/230.22 mi97, Saddlebow Road, King's Lynn, Norfolk PE30 5BN3
£145K03/230.23 mi113, Saddlebow Road, King's Lynn, Norfolk PE30 5BN3
£155K11/230.23 mi105, Saddlebow Road, King's Lynn, Norfolk PE30 5BN3
£170K05/230.24 mi23, Hillen Road, King's Lynn, Norfolk PE30 5LE3
£160K10/230.24 mi35, Hillen Road, King's Lynn, Norfolk PE30 5LE3
£130K11/200.25 mi17, Kitchener Street, King's Lynn, Norfolk PE30 5BJ3
£245K01/230.27 mi2, Ruddy Duck Lane, King's Lynn, Norfolk PE30 5DP3
£122.5K01/240.29 mi14, Hillen Road, King's Lynn, Norfolk PE30 5LG3
£125K09/210.29 mi60, Hillen Road, King's Lynn, Norfolk PE30 5LG3
£135K12/200.29 mi43, Beloe Crescent, King's Lynn, Norfolk PE30 5LF3
£142.5K02/210.34 mi195, Saddlebow Road, King's Lynn, Norfolk PE30 5BW3
£143K06/210.34 mi235, Saddlebow Road, King's Lynn, Norfolk PE30 5BW3
£150K12/230.37 mi5, Cromwell Terrace, King's Lynn, Norfolk PE30 5AX3
£109K05/210.38 mi1, Sydney Terrace, King's Lynn, Norfolk PE30 5BP3
£168K04/210.38 miThe Rubicon, 14, Sydney Terrace, King's Lynn, Norfolk PE30 5BP3
£215K07/230.38 mi45, Friars Street, King's Lynn, Norfolk PE30 5AP3
£162.5K06/210.38 mi73, Friars Street, King's Lynn, Norfolk PE30 5AP3
£153K01/210.38 mi20, Friars Street, King's Lynn, Norfolk PE30 5AP3
£207.5K05/230.38 mi48, Friars Street, King's Lynn, Norfolk PE30 5AP3
£123K09/210.4 mi1, Keene Road, King's Lynn, Norfolk PE30 5BT3
£135K07/210.43 mi44, Checker Street, King's Lynn, Norfolk PE30 5AS3
£150K05/210.45 mi13, Carmelite Terrace, King's Lynn, Norfolk PE30 5AF3
£245K07/230.45 mi2, Guanock Place, King's Lynn, Norfolk PE30 5QJ3
£195K10/200.46 mi2, Guanock Place, King's Lynn, Norfolk PE30 5QJ3
£250K08/230.47 mi53, Vancouver Avenue, King's Lynn, Norfolk PE30 5RD3
£189K05/230.47 mi71, Vancouver Avenue, King's Lynn, Norfolk PE30 5RD3
£167.5K05/210.48 mi37, Bridge Street, King's Lynn, Norfolk PE30 5AB3
£130K03/210.49 mi10, Valingers Road, King's Lynn, Norfolk PE30 5HD3
£213.5K05/210.5 mi6, Whitehall Drive, West Lynn, King's Lynn, Norfolk PE34 3LD3
£170K10/230.51 mi4, Guanock Terrace, King's Lynn, Norfolk PE30 5QT3
£243K11/220.53 mi3, Orchard Grove, West Lynn, King's Lynn, Norfolk PE34 3LE3

Local Rents

24 rents from £800/mo to £1.4K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£87507/240.12 miHockham Street, King's Lynn, PE303
£1,40006/240.12 miWisbech Road, KING'S LYNN3
£1,25012/240.24 mi-3
£85004/250.27 mi-3
£1,05007/240.3 miSandpiper Way, King's Lynn3
£1,10012/230.3 mi-3
£89503/250.3 mi-3
£1,10008/240.32 miDragonfly Way, King's Lynn, PE303
£1,20006/240.35 miEthel Terrace, Kings Lynn3
£80007/240.36 miGladstone Road, King's Lynn, Norfolk3
£1,20010/240.37 mi-3
£99504/250.37 mi-3
£99508/240.37 miHoney Bee Lane, King's Lynn, PE303
£1,05006/240.39 miFriars Street, King's Lynn, PE303
£1,10006/240.44 mi-3
£1,10006/240.44 mi-3
£1,10007/240.46 miLondon Road, King's Lynn3
£90006/240.48 miNorth Everard Street, Kings Lynn, Norfolk3
£90006/240.54 miNelson Street, King's Lynn, PE303
£1,10006/240.55 miKing's Lynn3
£82501/240.56 mi-3
£1,10007/240.56 miWindsor Road, KING'S LYNN3
£1,00006/240.57 miPriory Lane, King's Lynn3
£1,25006/240.59 miHISTORIC LYNN - Renovated 3 Bed Apartment with River Views3

Property History

Listed for £160,000

April 2, 2025

Floor Plans

Description

  • 3/4 Bedroom Property +
  • In Need of Some Improvement +
  • Next to The Riverbank +
  • Spacious Rooms +
  • Flexible Layout +
  • Family Bathroom +
  • Downstairs WC +
  • Enclosed Rear Garden +
  • Close to Local Amenities/Local Schools +
  • Gas Central Heating +

Are you searching for a property with potential?

Nestled in a desirable location on Queens Avenue, Kings Lynn, this spacious 3/4 bedroom property offers potential for those seeking a part renovation project. With a prime position next to the picturesque riverbank, this home provides a tranquil setting with scenic views, perfect for those looking for a peaceful retreat.

The property, which requires some refurbishment, boasts generously sized rooms, offering ample space to create a functional family home. The flexible layout includes three bedrooms with the option for a forth downstairs, allowing for adaptable living arrangements.

Although in need of some TLC, the property offers a blank canvas for those with vision and creativity.

Take advantage of this fantastic opportunity to transform this riverside property into a stunning home that suits your lifestyle. Contact us today to arrange a viewing and explore the potential that awaits.

EPC - E
Council Tax - A

Lounge
4.58m x 4.14m

Dining Room/Bedroom 4
3.71m x 3.30m

Kitchen
2.90m x 2.34m

Kitchen Diner
4.85m x 3.38m

Downstairs WC

Bedroom 1
5m x 3.58m

Bedroom 2
3.53m x 3.25m

Bedroom 3
3.09m x 3.34m

Bathroom
2.17m x 1.67m

Here's how we can assist you:

If you're looking to sell or let your property, we're pleased to offer a complimentary, no-obligation market appraisal. Additionally, we can connect you with a mortgage advisor for expert guidance. Furthermore, there's the possibility that we can obtain EPC, gas certificate, EICR, solicitor quote or a survey on your behalf. For more details, please reach out to us at / House Online for themselves and for the sellers or lessors of this property whose agents they are give notice that:

The particulars are set out as a general outline only for the guidance of intended buyers and do not constitute, nor constitute part of, an offer or contract.

All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending buyers or tenants should not rely on them as statements of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. Measurements of doors, windows, rooms, and other items are approximate, and no responsibility is assumed for any errors, omissions, or misstatements. None of the appliances mentioned in the information have been tested, and therefore, we cannot guarantee their condition, functionality, or operational status.

No person in the employ of My House Online has any authority to make or give any representation or warranty whatever in relation to this property

It's important to note that My House Online Ltd is committed to adhering to the guidelines outlined in the EU's Second Money Laundering Directive, which was introduced before parliament at the conclusion of November 2003, with regulations taking effect from March 1, 2004. These regulations encompass offenses under the Terrorism Act 2000 (as amended by the anti-terrorism Crime and Security Act 2001) and the Proceeds of Crime Act 2002.

Agent Details

My House Online, King's Lynn

01555 708874

Next Steps?

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