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Wisbech Road, King's Lynn

East of England

£99,995
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
955 sqft

Description

This three-bedroom terraced house in South Lynn, King’s Lynn holds significant renovation and investment potential for those looking to undertake a project. The property includes two reception rooms and a kitchen, along with a ground floor bathroom. The three interconnected bedrooms are complemented by some appealing original features that enhance the character of the home. While the property requires extensive modernization, it already includes double glazing and offers front and rear gardens. The absence of an onward chain further simplifies the process for investors seeking a straightforward acquisition. The spacious rear garden features several outbuildings, providing additional opportunities for development or outdoor enhancements. Situated in an area rich with local amenities, this residence is well-placed to attract interest once refurbished. With thoughtful updates, there is considerable scope to increase its value, making it an appealing option for resale or rental in this established residential neighborhood. This property is geared more toward seasoned investors or developers rather than first-time buyers with limited deposits. It presents a compelling opportunity for those ready to breathe new life into a unique home while capitalizing on its investment potential in a desirable location.

Investment Analysis

(PE30 area)

Below Market Value

This property is priced -57.3% below area average per sq ft

-57.3%
Potential saving
This Property
£105/sq ft
Area Average
£245/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£257,425
10% above area average per sq ft
Potential ROI
+60.9%
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

Wisbech 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
£366
Based on a loan of £74,996 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