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Loke Road, KING'S LYNN

East of England

£90,000
Listed on 26/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This mid-terrace house presents a compelling opportunity for renovation and investment in a well-connected area. With three bedrooms, the property is situated within close proximity to local amenities and just a short walk from the town center, where residents can enjoy a variety of shops, schools, and leisure facilities. The nearby mainline station offers direct rail services to Ely, Cambridge, and central London, making it an attractive option for commuters. The home itself requires significant refurbishment but provides a solid foundation for those looking to create their ideal living space or capitalize on rental potential. The layout includes an entrance hall that leads to a lounge and dining area, along with a kitchen featuring basic units and space for appliances. A bathroom on the ground floor adds convenience while the first floor comprises three bedrooms and an additional cloakroom. Outdoor space includes gardens both at the front and rear, allowing for potential landscaping or gardening projects. Offered with no onward chain, this property allows investors and homebuyers alike the flexibility to proceed at their own pace. Overall, this house stands out as an investment opportunity not only due to its location but also because of its renovation potential—ideal for those looking to add value through improvements. It invites creativity and vision from prospective buyers who are ready to transform it into a desirable residence.

Investment Analysis

(PE30 area)
Area Average
£245/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Loke 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
£330
Based on a loan of £67,500 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