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Two Building Plots, Gayton Road, King's Lynn - Image 1
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Two Building Plots, Gayton Road, King's Lynn

East of England

£300,000
Listed on 22/08/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
1162 sqft

Description

This property presents a noteworthy opportunity for development, situated on a mature 0.35-acre site with existing planning consent for the construction of two new family homes. Located on the desirable Gayton Road, the site benefits from its proximity to essential amenities, being less than a mile from the Queen Elizabeth Hospital and conveniently accessible to the town centre via a short drive or bus ride. The current plan allows for the demolition of an existing dwelling to make way for two spacious 4-bedroom executive-style houses, each complemented by an attached single garage. The proposed design includes an open-plan kitchen, dining, and living area that facilitates modern family living, as well as additional spaces such as a snug, study, and utility room on the ground floor. Upstairs, residents will find four bedrooms—including two with en-suite bathrooms—alongside a family bathroom. Additionally, there are existing connections to mains utilities at the site, streamlining the development process. It’s important to note that any prospective buyer should be aware of the community infrastructure levy (CIL) charge associated with this site. With its favorable location and approved plans in place, this property holds significant potential for investors looking to capitalize on residential demand in a sought-after area. For further details regarding planning consent and specifications, interested parties can refer to the KL & WN planning website using reference number 24/01549/F. This property is offered freehold and is subject to standard due diligence processes typical in real estate transactions.

Investment Analysis

(PE30 area)

Above Market Value

This property is priced +5.4% above area average per sq ft

+5.4%
This Property
£258/sq ft
Area Average
£245/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
Target Value
£313,223
10% above area average per sq ft
Potential ROI
-65.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PE30)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 8.2%
5 year growth: 17.8%
Investment Disclaimer: Analysis based on PE30 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Two Building Plots, Gayton Road, King's Lynn
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE