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Tennyson Avenue, King's Lynn

East of England

£315,000
Listed on 01/04/2026

Property Details

Bedrooms
5
Type
End Of Terrace

Description

This versatile five-bedroom HMO presents a compelling investment prospect, featuring well-appointed ensuite facilities in each room. Situated just a short stroll from the town centre and close to local colleges and transport links, this property is strategically located to attract both students and commuting professionals alike. Currently occupied with tenants in every room, it guarantees immediate rental income from the outset, making it an advantageous addition to any property portfolio. The rear of the property includes a substantial brick-built multi-purpose unit that is already connected to water and electricity. With appropriate planning permissions (STPP), there is significant potential for transforming this space into a self-contained rental unit, home office, gym, or studio—further enhancing the property's revenue-generating opportunities. The layout offers practical communal areas along with private bedroom spaces, making it ideal for shared living arrangements. Investors will find plenty of avenues for increasing value through minor renovations or expansions.

Investment Analysis

(PE30 area)
Area Average
£242/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE30)

Area prices are falling by -4.1% over the last 12 months
3 year growth: +2.2%
5 year growth: +12.5%
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

Tennyson Avenue, King's Lynn
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,116
Based on a loan of £236,250 over 30 years at 3.91% 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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