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Lynn Road, Heacham, King's Lynn - Image 1
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Lynn Road, Heacham, King's Lynn

East Midlands

£415,000
Listed on 02/08/2024

Property Details

Bedrooms
5
Type
Semi-detached house

Description

This distinctive property in the village of Heacham offers a combination of spacious living areas and potential for renovation, making it an appealing choice for both families and investors. With five bedrooms, including a master suite with an ensuite bathroom, this home provides flexible accommodation that can easily adapt to various needs. The main part of the house features a generous lounge with an open fireplace and large windows that flood the space with natural light. The kitchen is equipped with practical wall and base units and includes space for modern appliances, offering a solid foundation for updates. A separate dining room provides additional entertaining space. In addition to the three bedrooms in the main house, there is also an annex that contains two further bedrooms and its own kitchen and shower room. This self-contained area could serve as additional living quarters or be transformed into a rental unit, enhancing its investment potential. Outdoor amenities include extensive off-road parking, a garage with power supply, and a substantial workshop that connects to a games room on the upper floor. These spaces offer significant possibilities for customization or conversion according to your vision. Situated in Heacham, this property benefits from proximity to local amenities, schools, and recreational facilities while being within reach of the coastal attractions. The renovation opportunities here are abundant; whether you’re looking to create a family home tailored to your tastes or seeking an investment project in a desirable location, this property holds considerable promise.

Investment Analysis

(PE31 area)
Area Average
£353/sq ft
Avg Rent (weekly)
£245
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£41,500 - £103,750
10-25% of property value
Monthly Sales
20
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (PE31)

Area prices are stable by +1.9% over the last 12 months
3 year growth: -4.9%
5 year growth: 12.6%
Investment Disclaimer: Analysis based on PE31 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Lynn Road, Heacham, King's Lynn
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