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Thomas Street, King's Lynn

East of England

£80,000
Listed on 07/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
530 sqft

Description

This two-bedroom mid-terrace property presents a significant opportunity for those willing to undertake extensive renovation work. Located conveniently close to the bustling town centre of King's Lynn, this home is ideal for individuals looking to customize a space to reflect their personal style or for investors aiming to capitalize on a promising project. The property is nestled in the desirable 'Chase' area, providing easy access to local amenities and transport links, enhancing its long-term appeal. Given its current condition, this property offers potential for transformation into an attractive residence, making it crucial for interested buyers to assess its possibilities through a viewing.

Investment Analysis

(PE30 area)

Below Market Value

This property is priced -37.5% below area average per sq ft

-37.5%
Potential saving
This Property
£151/sq ft
Area Average
£242/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£140,882
10% above area average per sq ft
Potential ROI
+0.6%
After renovation
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

Thomas Street, King's Lynn
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£283
Based on a loan of £60,000 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.

Stamp Duty Calculator

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