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17 Wisbech Road, King's Lynn, Norfolk PE30 5JP - Image 1
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17 Wisbech Road, King's Lynn, Norfolk PE30 5JP

East of England

£210,000Guide Price

Listed on 15/07/2026

Property details

Bedrooms
5
Type
Block Of Apartments
Area
1711 sqft

Description

This property presents a significant investment opportunity, comprising a converted block of five flats originally known as The Old Bakery. Currently, three of the flats are generating an annual income of £23,400, with the potential to increase this to £39,600 when fully let. Each flat has its unique layout: with amenities like lounges, kitchens, and shower rooms. There is also a courtyard at the rear and an outbuilding that requires renovation—a chance to enhance the property's value further. The flats vary in rental income, showcasing potential for improved returns through strategic upgrades or re-letting. Overall, this asset is well-positioned for those seeking to expand their rental portfolio or enter the buy-to-let market.

Investment analysis

(PE30 area)

Below Market Value

This property is priced -49.0% below area average per sq ft

-49.0%
Potential saving
This Property
£123/sq ft
Area Average
£241/sq ft
Avg Rent (weekly)
£199
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£453,210
10% above area average per sq ft
Potential ROI
+74.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE30)

Area prices are falling by -4.2% over the last 12 months
3 year growth: +1.0%
5 year growth: +11.6%
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

17 Wisbech Road, King's Lynn, Norfolk PE30 5JP
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£793
Based on a loan of £157,500 over 30 years at 4.45% 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.

Stamp duty calculator

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